Quadrise shares rise with optimistic view for fuel alternatives
Quadrise PLC on Monday saw its shares rise in response to higher revenue in its first half, and the firm’s optimistic outlook for alternative fuels.
The London-based provider of alternatives to fuel oil and biofuels booked £45,000 in revenue for the six months ended December 31, up from none in the first half of 2024.
Pretax loss widened to £2.0 million from £1.7 million, while production and development costs ticked up to £1.0 million from £782,000. Loss per share remained flat on-year at 0.10 pence.
Quadrise shares jumped 15% to 1.73p on Monday morning in London, but are down 54% over the past year.
The company is focused on finalising the legal terms of trials with Mediterranean Shipping Co SA and OCP Group, a Moroccan state-owned mining and manufacturing company. It continues talks with ‘feedstock supply partners and additional prospective marine trial partners.’
‘In parallel, we must develop compelling use cases for our clients and progress the development of competitive and compliant fuels,’ Chief Executive Peter Borup said.
‘Although progress in key areas has taken longer than expected, the foundations laid during the period leave Quadrise materially better positioned for commercialisation.’
Borup added: ‘With continued geopolitical, technological and regulatory uncertainty reinforcing the value of cost?effective, low?carbon fuel solutions, Quadrise remains confident in its ability to demonstrate meaningful progress during 2026 and to accelerate towards commercialisation.’
Quadrise noted that permitting is underway in Panama for its MSAR and bioMSAR fuels. It also has amended an agreement with US firm Valkor Technologies LLC, which is developing an oil-sands plant in Utah.
Valkor will make licence payments totalling $1.0 million to Quadrise through to June 2026, in exchange for an MSAR licence and manufacturing equipment. Valkor’s plant is expected to begin operations in the fourth quarter of 2026 and is targeting daily production of 500 barrels.
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