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
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:
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Quadrise Plc
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+44 (0)20 7031 7321
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Andy
Morrison, Chairman
Jason
Miles, Chief Executive Officer
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Nominated Adviser
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Cavendish Capital Markets
Limited
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+44 (0)20 7220 0500
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Ben
Jeynes
Katy
Birkin
George
Lawson
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Joint Brokers
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Shore Capital Stockbrokers
Limited
Toby Gibbs,
Rachel Goldstein (Corporate Advisory)
Fiona
Conroy (Corporate Broking)
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+44 (0)20 7408 4090
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VSA Capital Limited
Andrew Raca
(Corporate Finance)
Andrew Monk
(Corporate Broking)
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+44 (0)20 3005 5000
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Public & Investor
Relations
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Cutbill Jacoby
Andy
Cutbill
Frankie
Dundon
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+44 (0)7841 576000
+44 (0)7312 274086
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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
Follow us on social
media:
LinkedIn:
@Quadrise Plc
X (formerly
Twitter):
@QuadrisePlc
