The AIM-listed low-emission fuel company is closing in on agreements with MSC and OCP that would mark its first operational vessel trials
Quadrise PLC (AIM:QED), the AIM-listed technology company developing low-emission fuels for shipping and heavy industry, says geopolitical, technological and regulatory uncertainty is reinforcing demand for cost-effective, low-carbon solutions as it moves to demonstrate meaningful commercial progress during 2026.
The company’s immediate priority is securing the legal framework for vessel trials with MSC, one of the world’s largest container shipping lines, and fuel trials with OCP, the Moroccan phosphate and chemicals group, alongside progressing discussions with additional shipowners and feedstock suppliers.
Quadrise, MSC and Cargill, the commodities trader, are jointly working to conclude trilateral and bilateral agreements for the MSC vessel programme, with all three parties described as committed to the process.
Once signed, the trial will begin with a proof of concept phase using MSAR, Quadrise’s low-emission heavy fuel oil emulsion, before switching to bioMSAR, its biofuel variant, for around 4,000 hours of operation spanning approximately six to eight months.
Successful completion would trigger a formal Letter of No Objection from engine manufacturer Wärtsilä, a key commercial milestone.
In Morocco, OCP and Quadrise have reaffirmed their commitment to MSAR trials at an alternative site, with a revised trial plan expected to be signed shortly.
The interim results for the six months to 31 December showed a loss after tax of £2 million, against £1.7 million in the same period a year earlier.
Cash on the balance sheet strengthened to £4 million from £1.4 million a year earlier, following fundraising activity, providing the company with runway to advance its trial programme.
