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Quadrise Plc announced on 02 January 2025 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 aims to integrate emerging marine technologies, including Quadrise "Blend-On-Board" emulsion technology, into eight vessel designs to be market-ready by December 2027, targeting at least 30% greenhouse-gas emissions reductions and 20% energy efficiency improvements. Quadrise has been awarded up to EUR 63,500 to complete its work within this grant programme.
| Date | 2 Jan 2025 |
| Time | 07:00:07 |
| Category | Miscellaneous |
| ID | 0216R |
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:
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 |
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