Quadrise - profile image - oil-rig28112019

Quadrise Fuels International

LN: QFI

Market Cap£23m

Last Close 1.6p

Quadrise Fuels International is the innovator, supplier and global licensor of disruptive oil technology that produces a synthetic, enhanced heavy fuel oil called MSAR and a biofuel called bioMSAR. The technology provides a low cost and cleaner fuel for marine, power and industrial applications.

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Investment summary

Quadrise has signed a new material transfer and cooperation agreement with its client in Morocco. The signature clears the way for an industrial demonstration test at one of the client’s sites, potentially leading to commercial sales of MSAR and/or bioMSAR in calendar Q123.

Y/E Jun
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (fd) (p)
P/E (x)
P/CF (x)
2020A 0.0 (3.0) (3.3) (0.32) N/A N/A
2021A 0.0 (2.8) (2.8) (0.23) N/A N/A
2022E N/A N/A N/A N/A N/A N/A
2023E N/A N/A N/A N/A N/A N/A
Industry outlook

Following a recent meeting with MSC’s executive management in Cyprus, both parties are now working to finalise an agreement covering the LONO trial programme aboard MSC container shipping vessels and the subsequent commercial framework. Quadrise expects to sign an updated material transfer and cooperation agreement with its international chemicals and mining client in Morocco very soon, ahead of an on-site trial expected to conclude early calendar Q322. Following the signature of a commercial development agreement this April, Quadrise and Valkor have commenced preparatory steps to identify target customers for MSAR and bioMSAR fuel produced in Utah.

Last updated on 30/06/2022
Content on Quadrise Fuels International
Quadrise Fuels International – Moving forward in Morocco
Industrials | research Flash note | 15 June 2022
Quadrise - profile image - oil-rig28112019
Quadrise Fuels International – Moving forward in Utah
Industrials | research Flash note | 12 April 2022
Quadrise - profile image - oil-rig28112019
Quadrise Fuels International – Progress on bioMSAR development
Industrials | research Update | 29 March 2022
Quadrise - profile image - oil-rig28112019
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Share price graph
Balance sheet
Forecast net debt (£m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (15.6) 0.2 (54.2)
Relative* (12.0) 4.9 (53.9)
52-week high/low 4.5p/1.5p
*% relative to local index
Key management
Jason Miles CEO
David Scott Group Financial Controller
Mike Kirk Executive Chairman