REG - Quadrise PLC - Joint Development Agreement with Alder Energy LLC

QuadriseAnnouncement

Tue 07:00

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RNS Number : 0784N  Quadrise PLC  17 June 2025

17 June 2025

 

Quadrise plc

("Quadrise", "QED" or the "Company")

 

Joint Development Agreement with Alder Energy LLC

 

Quadrise (AIM:QED), the technology company focused on the decarbonisation of
shipping and heavy industry through deployment of low emission fuels and
biofuels, announces the Company has signed a Joint Development Agreement
("JDA") with renewable fuel technology experts Alder Energy LLC.

 

Alder Energy LLC, known as Alder Renewables ("Alder") is a USA-based biomass
technology provider with industry leading partners and investors. Alder's
proprietary pyrolysis oil upgrading technology is designed to produce stable
Alder Renewable Crude and associated products such as Alder Pyrolysis Sugars
("APS").

 

Under the JDA, the Quadrise and Alder teams intend to collaborate in respect
of the use of Alder's APS product as a potential cost-effective renewable
feedstock for bioMSAR™ and bioMSAR Zero™, with success of initial lab
testing of Alder's APS product at the Quadrise Research Facility expected to
lead to small-scale diesel engine tests at Aquafuel later this year to confirm
initial viability ("Initial Testing"). Subject to the success of the Initial
Testing and subject to the contractual agreement of both parties and engine
availability, third-party testing in marine diesel engines would then be
completed within 12 months of completion of the Initial Testing.

 

 

Commenting on this agreement Jason Miles, CTO of QED, said:

 

"We are delighted to enter into this JDA with Alder Renewables. Fuels derived
from biomass present potentially the most cost-effective net-zero biofuel
solutions, with pyrolysis technology also being recognised by multiple
organisations including the Mærsk Mc-Kinney Møller Center for Zero Carbon
Shipping, as one of the most feasible production methods for marine biofuels.
This collaboration aims to broaden our range of feedstocks for bioMSAR™ and
bioMSAR™ Zero, to provide abundant lower cost and lower emission
alternatives to conventional biofuels."

"This agreement also builds on the entry of JDAs with other parties with a
view to enabling the Company to increase its presence and further develop the
business in the highly significant North American market. We look forward to
providing further updates on developments pursuant to this agreement in due
course."

 

Commenting on this agreement Derek Vardon, Chief Technology Officer of Alder,
said:

 

"Alder is excited to work with Quadrise to seek to develop sustainable marine
fuels using the Alder Renewables Process technology platform. Our pyrolysis
sugar product APS will help the global shipping industry meet clean energy
goals and decarbonise. This JDA is a key step in scaling sustainable
technology solutions, integrating our technologies to support low-carbon
marine fuel and diesel engine adoption."

 

For further information please contact:

 

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

 Jason Miles, Chief Technology 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, Harry Davies-Ball (Corporate Advisory)
 Fiona Conroy (Corporate Broking)

 VSA Capital Limited                                    +44 (0)20 3005 5000

 Andrew Raca (Corporate Finance)

 Andrew Monk (Corporate Broking)

 Public & Investor Relations
 Tavistock Communications (Financial PR & IR)           +44 (0)20 7920 3150

 Simon Hudson

 Nick Elwes

 Ruairi Millar

 BLUE Communications Limited (Marine & Trade PR)

 Rhys Thomas                                            +44 (0)7595 227750

 Sam Deacon                                             +44 (0)7527 558846

 

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.

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

 

Follow us on social media:

LinkedIn: @Quadrise Plc
(https://uk.linkedin.com/company/quadrise-international-ltd)

X: @QuadrisePlc (https://x.com/QuadrisePlc)

 

 

About Alder Renewables:

 

Based outside Denver, CO, Alder Renewables is at the forefront of developing
and deploying advanced renewable technologies. Their proprietary process to
produce ARC and APS harnesses the power of abundant and sustainable biomass,
unlocking a low-carbon renewable platform. Among others, Alder Renewables is
backed by Honeywell (NASDAQ:HON), United Airlines Ventures (NYSE:UAL), Boeing
(NYSE:BA), Dakia Energy, Directional Aviation, and Avfuel.

 

 

Contact Information:

Darren Fuller

Chief Commercial Officer

dfuller@alderrenewables.com

 

Follow us on social media:

LinkedIn: @AlderRenewables
(https://www.linkedin.com/company/alder-renewables/)

 

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