Oct 04th 2012 - Edison Investment Research today published a report on Quadrise Fuels International (QFI.L, LSE:QFI, LON:QFI) entitled "Progress Towards Commercialisation". In summary, the report says:
Quadrise is the emerging supplier of multi-phase superfine atomised residue (MSAR), a low-cost alternative to heavy fuel oil for the shipping, refining and power generation industries. It continues to make progress in key projects in Saudi Arabia, Asia and Latin America and with major shipping line Mærsk. The recent placing provides support for these projects as they progress towards the commercialisation phase. Material progress towards commercialisation has the potential to trigger upward movement in the share price towards our revised indicative value of 16.1p/share.
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