BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Quadrise issues activity update following 'media speculation'

Company says Nov 6 updates on its activities 'continue to reflect the firm's current status'.



Image credit:


Updated on 20 Nov 2017 09:58 GMT

Quadrise Fuels International plc, the emerging supplier of MSAR emulsion technology and fuel, has moved to stress that updates on its activities - including those in Saudi Arabia - mentioned in its annual results announcement on November 6 continue to reflect the firm's current status.

Quadrise said on Monday that it had noted "recent media speculation" relating to its proposed commercial scale power trial project in Saudi Arabia.

"The company continues to progress the KSA [Kingdom of Saudi Arabia] project in conjunction with various entities within the KSA and from Europe and the USA," Quadrise said in Monday's statement.

On November 6, Quadrise had said that "significant work" had been carried out to progress contracts covering a commercial scale project in Saudi Arabia, comprising MSAR fuel production, and its transportation to and storage at a nominated power plant site, where the combustion testing on MSAR will take place.

"Substantial work has been undertaken during the period to progress the KSA project to a point that it can commence as soon as all parties have signed the project contracts. Whilst it is disappointing that these contracts have not yet been signed, this is a very complex project involving many entities within, and outside of, KSA and we look forward to providing updates on this project, as appropriate, in due course," chairman Mike Kirk said earlier this month during the release of Quadrise's final year results.






Related Links:

Quadrise posts loss in annual results
Quadrise 'knows of no specific reason' for share price drop following rally
Quadrise announces cost-cutting initiatives as chairman slashes salary by 50%
Quadrise receives MSAR trial inspection report
Wartsila produces draft MSAR interim LONO: Quadrise

Latest News:

GoodFuels to supply Boskalis offshore wind project ships with biofuel
Sulphur surcharges 'stink': Maersk BAF 'lacks transparency', says shipper group
Liberia calls for early reporting of 2020-compliant fuel availability
World Fuel Services bolsters UK bunker supply network with delivery vessel
Oil and fuel oil hedging market update
Brent surges above $80 to its highest level since November 2014
Sulphur 2020: CMA CGM to review fuel surcharge policy
DHT secures $50m scrubber financing
Shipping confidence dips on geopolitical fears: survey
Bunker One to start bunker deliveries offshore Gulf of Mexico
Quadrise plans to move MSAR production unit from Cepsa refinery
Quadrise has 'high degree of confidence' about securing equity funding




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events