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Quadrise Gains on Sea Trials for Heavy Fuel-Oil Substitute

Sept. 27 (Bloomberg) -- Quadrise Fuels International Plc rose 4 percent in London after saying it signed contracts to begin trials at sea of its substitute for heavy fuel oil.

The shares rose 0.25 penny to 6.5 pence as of 11:54 a.m. local time, bringing their two-day gain to 11 percent.

Tests for its MSAR fuel, a “low-cost alternative” for the shipping and power generation industries, will be a key step toward commercialization of the product, the London-based company said today in a filing.

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

To contact the reporter responsible for this story: Todd White at twhite2@bloomberg.net

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