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QFI and JGC to partner in Japan

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Hydrocarbon Engineering,

Quadrise Fuels International plc’s (QFI) wholly owned subsidiary, Quadrise International Ltd (QIL), has signed a Memorandum of Agreement (MoA) with JGC Corp. (JGC).

JGC will act as QFI’s 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 projects.

This agreement will provide QFI with access to JGC's extensive network of long-term relationships within the refining, marine and power industries to develop potential commercial opportunities for the production and use of MSAR.

QFI and JGC will undertake an initial study to agree a list of potential producers and consumers of MSAR in the potential markets where they would work on an exclusive basis to develop potential commercial projects. The MoA is terminable by either party on 12 months written notice. For those joint projects that progress to commercial MSAR implementation and production, QFI will pay JGC a royalty based on sales.

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