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FINWIRES

Quadrise Amends Sustainable Marine Fuels Project with Licella Holdings

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Quadrise (QED.L) said Thursday it amended its joint development agreement with Licella Holdings on sustainable marine fuels to outline a more detailed, non-binding development plan.

Under the amended plan, the British energy technology company will contribute its marine fuel expertise and market access, while Licella will provide its scalable HTL bio-oil production expertise prior to diesel engine testing.

Subject to successful final laboratory tests on refined Licella HTL bio-oils in the second half of 2026, the companies plan to begin initial marine fuel diesel engine pilot tests before seeking to undertake larger-scale, third-party engine testing.

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