Quadrise rises after announcing Nexidea tie-up

Quadrise Fuels International, a manufacturer and supplier of MSAR emulsion fuels, a low cost alternative to heavy fuel oil, has announced a tie up with consulting firm Nexidea.

Nexidea specialises in the technical, commercial, and economic aspects of the downstream oil and power generation industries, or, in other words: refining, distribution and marketing.

Quadrise is hoping to leverage Nexidea's position as an adviser to several major corporations operating in Central and South America on refinery design.

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The firms have selected two initial prospects to be progressed jointly which have the potential to use Quadrise's emulsion fuel product.

Commenting on these developments, Ian Williams, Chairman of Quadrise Fuels, said: "Nexidea have a wealth of relationships and a thorough understanding of emulsion fuel prospects in the region. We are delighted to be working with them on these promising opportunities."

By 9:54 Quadrise's stock had risen 12%.

BS