Quadrise Fuels International (GB:QED) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Quadrise Fuels International has announced a significant advancement in its Utah project with Valkor Technologies, as drilling for heavy sweet oil is set to commence, with commercial marketing of low sulphur MSAR® and bioMSAR™ fuels expected before the end of Q2 2024. The initial drilling funded for 3-4 wells aims to complete full financing by mid-2024, and a successful operation could lead to a $1.5 million payment to Quadrise under their agreement. The collaboration is set to produce environmentally friendly low sulphur fuels, enhancing Quadrise’s portfolio of energy decarbonization solutions.
For further insights into GB:QED stock, check out TipRanks’ Stock Analysis page.
