RCS - Quadrise PLC - SEASTARS - CINEA Horizon Grant Agreement

QuadriseAnnouncement

02/01/2025 07:00

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RNS Number : 0216R  Quadrise PLC  02 January 2025

2 January 2025

 

Quadrise Plc
("Quadrise" or the "Company")

 

Signature of SEASTARS CINEA Horizon Grant Agreement

 

Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a
cleaner planet, is pleased to announce the signature of an agreement between
the European Climate, Infrastructure and Environment Executive Agency
('CINEA') and SEASTARS, a consortium of 17 companies which includes Quadrise.

 

SEASTARS unites research institutes, equipment manufacturers, ship operators,
technology providers and naval architects intending to
demonstrate well-to-wake greenhouse-gas emissions reductions of at least 30%
and energy efficiency improvements of 20% using a combination of marine
emission and efficiency improvement technologies.

 

Emerging marine technologies provided by SEASTARS members will be integrated
into eight vessel designs to be market-ready by December 2027. Quadrise
"Blend-On-Board" emulsion technology is included in this goal, funded by
CINEA's Horizon grant programme.

 

Following completion of the vessel design stage, SEASTARS will generate
tailored decarbonisation recommendations for vessel owners and operators.

 

Quadrise has been awarded up to EUR 63,500 to complete this work.

 

For more information on SEASTARS (which stands for Sustainable Emission
Abatement Strategies and Technologies for Advanced Revolution Ships) see:

https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/how-to-participate/org-details/999999999/project/101192901/program/43108390/details
(https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/how-to-participate/org-details/999999999/project/101192901/program/43108390/details)

 

Commenting on this agreement Jason Miles, CEO of Quadrise, said:

"Quadrise is delighted to have joined the SEASTARS consortium, which will
demonstrate the benefits of bioMSAR™ and our Blend-On-Board technology to a
much wider audience, whilst our participation in the Horizon project will
deepen our combined knowledge in this important area of marine
decarbonisation."

 

 

For additional information, please contact:

 

 Quadrise Plc                                            +44 (0)20 7031 7321
 Andy Morrison, Chairman

 Jason Miles, Chief Executive Officer

 Nominated Adviser
 Cavendish Capital Markets Limited                       +44 (0)20 7220 0500
 Ben Jeynes

 Katy Birkin

 George Lawson

 Joint Brokers
 Shore Capital Stockbrokers Limited                      +44 (0)20 7408 4090

 Toby Gibbs, Rachel Goldstein (Corporate Advisory)

 Fiona Conroy (Corporate Broking)
 VSA Capital Limited

 Andrew Raca (Corporate Finance)                         +44 (0)20 3005 5000

 Andrew Monk (Corporate Broking)

 Public & Investor Relations
 Cutbill Jacoby

 Andy Cutbill                                            +44 (0)7841 576000

 Frankie Dundon                                          +44 (0)7312 274086

 

 

About Quadrise:

Quadrise is the supplier of MSAR® and bioMSAR™ emulsion technology, fuels
and biofuels, providing innovative solutions to lower energy costs, pollution
and greenhouse gas emissions today for the global power generation, shipping,
industrial and oil industries.

 

About Quadrise Blend-On-Board Technology:

Quadrise Blend-on-board technology facilitates the combination of conventional
marine fuels, heavier residual fuels or biofuels with water and water-soluble
biofuels (including biomass-derived sugars) to produce stable marine
bioMSAR™ blends on board a vessel.

Learn more at: www.quadrise.com (http://www.quadrise.com/)

Follow us on social media:

LinkedIn: @Quadrise Plc
(https://url.avanan.click/v2/___https:/uk.linkedin.com/company/quadrise-international-ltd___.YXAxZTpzaG9yZWNhcDphOm86YzA0NmU2YmUyODVhZGE2Zjk4OWY3M2UwZmJjM2YwMWM6Njo3NjdjOjhhYzQ1NzFmN2ZlMjI3OWQ5YjBjNjBhZGEzZTkwMjlhZjUzOWIzMmE0N2EyOTlkZjQxOTlhOGM2Yjg5MDhkYTE6cDpGOk4)

X (formerly Twitter): @QuadrisePlc
(https://url.avanan.click/v2/___https:/x.com/QuadrisePlc___.YXAxZTpzaG9yZWNhcDphOm86YzA0NmU2YmUyODVhZGE2Zjk4OWY3M2UwZmJjM2YwMWM6NjphMzJiOjlkNjA5MmRmNjg2OTQxNWE4ZDFhYWIxOWRiZjk5MDAxMjc4Njg0Mjg3YjllZWEwMWQ4OTg2ZmE2ZDdiOTY1ODc6cDpGOk4)

 

 

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