Quadrise

Overview
Price performance
Financials
Research
Thematics

Quadrise is the innovator and global supplier of disruptive refinery upgrading 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.

Quadrise is still pre-revenue and reported a loss of £1.7m for the six months ending 31 December 2023. At end H124, net cash stood at £1.7m. Quadrise raised gross proceeds of £1.5m from a placing offer and management expect to raise further capital via an open offer, with the results of the offer announced on the 5 April 2024.

Latest Insights

Industrials |
Update

25.03.24

Quadrise — Funding the gap to commercial revenues

Industrials |
Flash note

08.12.23

Quadrise — Tests identify new pathway to bioMSAR Zero

Industrials |
Update

31.03.23

Quadrise — Closer to commercial revenues

Industrials |
Update

28.11.22

Quadrise Fuels International — Key role in transitioning to net-zero

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Sector

Industrials

Equity Analyst

Andrew Keen

MD - Head of Content, Energy & Resources, Industrials

Harry Kilby

Analyst

Key Management

Andy Morrison

Chairman
David Scott

Head of Finance
Jason Miles

CEO
Quadrise Vigo Consulting

Chairman

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	37.1	(23.7)	24.0
Relative	35.9	(28.3)	22.2
52 week high/low	3.1p/0.6p

Financials

Quadrise continues to advance options towards commercialisation of its technology, with each of is projects nearing significant key milestones. Preparatory steps for the MSC fuel trials are now complete and fuel supply agreements are nearing finalisation. Quadrise recently announced an agreement with Cargill group and MAC2 Solutions regarding the production of MSAR and bioMSAR fuels for the company’s forthcoming marine vessel trials. Upon successful completion of the trials and completion of a long-term fuel supply agreement, the parties plan to seek to initiate commercial bunker supply operations to the marine sector.