Quadrise Fuels International (QFI) , a developer of the low-cost synthetic MSAR fuel oil, has expanded its geographic footprint through a memorandum of understanding signed between a wholly-owned subsidiary of Quadrise, Colombian oil major Ecopetrol SA and US technical consulting firm Nexidea Inc.
IC TIP:
Buy
at
13.35p
The three parties will now work together with the aim of developing potential commercial applications for the MSAR brand in Central and South America. Quadrise has previously conducted scoping studies on a major refinery owned by Mexican energy giant PEMEX to demonstrate the benefits of MSAR implementation.
