Quadrise Plc Issues Update on Marine Project With MSC and Cargill

Quadrise Plc Provides Project Update with MSC Shipmanagement

Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, provides an update on its project with MSC Shipmanagement Limited of Cyprus (“MSC”).

The Company previously announced on March 18, 2024, that the entry of a binding agreement between Quadrise, MSC and Cargill in respect of the production of MSAR® and bioMSARTM fuels for the Company’s forthcoming vessel trials on board the MSC Leandra (the “Project Agreement”) was expected by the end of Q1 2024. Quadrise continues to work with its project partners to seek to finalize the project agreement and will provide a further update on the project and the entry of the project agreement in due course.

Commenting on the update, Jason Miles, Chief Executive Officer of Quadrise, said:

“Continued efforts in respect of our project mean that we do not expect any material delay to the overall MSC vessel trial program me at this time. We remain in regular contact with our project stakeholders, and Quadrise is focused on the delivery of the project agreement as soon as possible.”

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