Shares in Quadrise Fuels (QFI) rose by 11 per cent after it confirmed that additional tests on its MSAR 2 marine fuel had been successfully completed by Danish shipping giant AP Møller-Mærsk.
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Following completion of the tests, Quadrise confirmed that it expects that commercial volumes of Marine MSAR 2 will be produced progressively from midway through this year. This will facilitate a wider evaluation of the low-cost fuel alternative across a range of vessels prior to full commercial roll-out during 2014.