Quadrise International signs MoU with Japan's largest engineering contractor

The AIM-listed company said the agreement would provide it access to JGC’s extensive network of long-term relationships in the refining, marine and power industries to develop potential commercial opportunities for the production of MSAR, an online database enabling the browsing, searching, sorting, and comparing of information about US and Canadian medical schools, while JGC would act as its exclusive partner to work with prospective producers and consumers of MSAR in Japan, Colombia, Peru and elsewhere on a case-by-case basis, to jointly develop commercial MSAR projects.

Mike Kirk, executive chairman of Quadrise Fuels International, said: "We believe that this is an exciting opportunity for QFI to harness JGC's leading position in key markets for the production and use of MSAR. This will not only increase the scale of the addressable market but also accelerate its development. We look forward to developing a long-term and mutually beneficial relationship with JGC."

Meanwhile, Takashi Yasuda, senior executive officer of JGC's Technology Innovation, added: "We are pleased to have reached agreement with QFI. Access to their MSAR technology will enable JGC to offer its clients a cost-effective and environmentally beneficial alternative to HFO that can be implemented rapidly. We look forward to working with QFI and building what we expect to be a significant new business stream."