REG - Quadrise PLC - Licella Joint Development Agreement

QuadriseAnnouncement

26/03/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250326:nRSZ1255Ca&default-theme=true

RNS Number : 1255C  Quadrise PLC  26 March 2025

26 March 2025

 

Quadrise plc

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

 

Joint Development Agreement with Licella Holdings

 

Quadrise (AIM:QED), the transition technology provider for a cleaner planet,
is pleased to announce the signature of a Joint Development Agreement ("JDA")
with sustainable fuels pioneers Licella Holdings Ltd ("Licella").

 

Licella is an Australian-based global technology and project developer
delivering the next generation of low carbon solutions. Licella's patented
Catalytic Hydrothermal Reactor (Cat-HTR™) is the world's leading
hydrothermal liquefaction (HTL) technology, using water at high temperature
and pressure to sustainably transform abundant biomass residues into an
advanced bio-intermediate, a valuable, low-carbon alternative to fossil oil.
Advanced biofuels produced from Licella's HTL process exhibit a higher energy
content compared to those produced through alternative conversion
technologies.

 

Under the JDA, the Company and Licella will collaborate to seek to progress
the use of Licella's Cat-HTR™ bio-intermediate as a potential cost-effective
renewable feedstock for bioMSAR™ and bioMSAR Zero™, with success of
initial lab testing at the Quadrise Research Facility expected to lead to
lab-scale diesel engine tests within 12 months. Subject to the success of
these elements of the parties' collaboration and to the agreement of both
parties, third-party testing in marine diesel engines would then be completed
with a view to potential commercial vessel testing of the fuel during 2026.

 

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

 

"Quadrise is delighted to have signed this JDA with Licella. Fuels derived
from biomass are potentially the most price competitive net-zero biofuel
solutions, and HTL technology has been identified by the Mærsk Mc-Kinney
Møller Center for Zero Carbon Shipping and others as one of the most viable
production pathways for marine biofuels. This collaboration aims to expand our
range of feedstocks for bioMSAR™ and bioMSAR™ Zero as lower cost and lower
emission alternatives to conventional biofuels."

 

Commenting on this agreement Dr Len Humphreys, Executive Chairman &
Co-founder of Licella, said:

 

"Licella is pleased to collaborate with Quadrise to explore the commercial
potential for sustainable marine fuels from our Cat-HTR™ HTL platform. Our
low-sulphur bio-intermediate supports the global shipping industry's clean
energy commitments while helping to decarbonise a hard-to-abate sector.
Signing this JDA is an important step toward scaling sustainable solutions -
combining our complementary technologies to drive market adoption and
accelerate the transition to commercially viable, low-carbon marine fuels."

 

 

For further 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 (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
 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.

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

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRKZGZFVKLGKZM