Quadrise Fuels International - Initial pilot trial in Morocco

Quadrise has entered into an agreement with an international chemicals and mining group headquartered in Morocco. During calendar Q120 the two parties will work together on a project to carry out a trial of MSAR, Quadrise’s synthetic enhanced heavy fuel oil, on a pilot plant test facility located at one of the client’s sites in Morocco. If successful, Quadrise will then undertake feasibility studies in preparation for commercial-scale trials on an industrial unit and a steam boiler owned and operated by the client. These potential trials would be covered by new agreements.