Alternative Fuels: Quadrise Raises £1.2 Million to Accelerate Trials with OCP in Morocco
Quadrise Secures £1.2 Million to Advance Low-Emission Fuel Development in Morocco
British company Quadrise, which specializes in developing alternative fuels for maritime transport and heavy industries, has announced a fundraising initiative of £1.2 million to support the next phase of its commercial development. A portion of these funds will be dedicated to continuing industrial trials in Morocco, conducted in partnership with OCP, in the field of low-emission fuels.
This financial operation comes as Quadrise aims to accelerate the commercialization of its technologies and strengthen its presence in several strategic markets, including Morocco.
Industrial Trials with OCP at the Core of Strategy
The funds will be utilized to finance the deployment of equipment and carry out commercial-scale tests at the OCP industrial site in Morocco. These tests are designed to demonstrate the performance of Quadrise’s solutions in real-world operating conditions before potential commercialization.
The company views its partnership with OCP as a priority project, alongside other ongoing programs in the maritime and industrial sectors.
Fundraising to Support Growth
Quadrise conducted this fundraising through a private placement involving 120 million new shares, issued at a price of one penny per share, enabling the company to raise £1.2 million.
Additionally, Quadrise plans to launch a supplementary offer aimed at individual British investors, which could raise the total funds to £2.4 million if fully subscribed.
Objective: Accelerate Commercialization
Beyond the Moroccan project, this fundraising will also finance several industrial and maritime tests, support research and development activities, and cover the company’s working capital needs until it achieves a positive cash flow.
Quadrise believes that these investments will facilitate a swift transition from the technology demonstration phase to the commercialization of its low-emission energy solutions.
Morocco: A Strategic Partner for Energy Transition
The partnership between Quadrise and OCP highlights Morocco’s growing interest in technologies that promote the decarbonization of industrial activities.
Through these trials, the Kingdom reinforces its position as an innovation platform in the energy, industrial, and sustainable development sectors, while enhancing its attractiveness to international companies investing in alternative fuels and low-carbon solutions.
