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Quadrise PLC shares fell on Friday, despite the firm reporting that it ‘closes the year in a stronger position’. Quadrise’s stock was 13% lower at 2.60 pence per share on Friday in London. The London-based fuel and biofuel company said that its progress during 2025 ‘has not proceeded as expected’, but that it has ‘a clearer path towards commercialisation and the resources in place to achieve this’. Also, Quadrise believes that ‘ongoing regulatory uncertainty’ has strengthened its position, namely the International Maritime Organization Marine Environment Protection Committee’s ‘decision in October 2025 to defer adoption of a mandatory Net-Zero Framework for shipping until October 2026’. ‘Our technology offers immediate cost savings, significant emissions reductions, and a pathway to low-cost compliance with future regulations,’ the firm claimed. Quadrise reported that it has used the £6.5 million proceeds from its fundraise in January ‘to enhance delivery capacity, accelerate growth and raise its profile in the marine sector’. However, it said that following its three-way agreement with MSC & Cargill in November 2024, finalisation of the remaining trial agreements has been slower than expected. Nonetheless, negotiations ‘are ongoing and proceeding positively’. Quadrise and Valkor, meanwhile, have agreed on a further addendum to their 2023 site license & supply deal, revising the timetable for a $1.5 million payment owed to Quadrise. About $300,000 is now due by March 31, followed by around $650,000 by June 30. Meanwhile in the Americas, testing for its MSAR and bioMSAR fuels in El Giral, Panama ‘has demonstrated improved engine efficiency and significant emissions reductions, and also validated expected performance for commercial deployment’. In Morocco, Quadrise and OCP are working to obtain final OEM approval for their proposed commercial site trial, or to select alternative sites. Furthermore, Quadrise noted that during 2025 it started the SEASTARS EU Horizon Project, a consortium working to advance sustainable shipping. Additionally, Quadrise said that during the year it saw good progress in tests of new biofuels for bioMSAR and bioMSAR Zero, and that it has been working with technology companies ‘to explore and unlock new renewable feedstocks’. ‘We obviously would have liked to have more to say about progress of the company’s main projects,’ commented Chief Executive Officer Peter Borup. ‘However, we have taken advantage of the successful fundraising to significantly increase our experience base and capacity to improve our marine project management and the commercialisation of our unique technology. ‘As a relatively small player dealing with larger and much more complex clients, our focus is now on more aggressive project management, with more assertive timeline management as well as pursuing parallel projects and trials to give ourselves more chances to advance our technology.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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