Quadrise raises up to £2.4 million to accelerate its projects with OCP.
British Firm Quadrise Plans to Raise £2.4 Million for Commercial Projects
British company Quadrise, which specializes in alternative fuels and biofuels, aims to raise up to £2.4 million to support the deployment of its commercial projects. Part of the funds will be dedicated to advancing initiatives developed in partnership with Moroccan group OCP, underscoring the strategic importance of Morocco in the company’s roadmap.
Funding Round to Support Commercial Phase
The fundraising effort will take the form of a placement, subscription, and an offer aimed at individual investors, priced at 1 penny per share.
Quadrise aims to raise up to £1.2 million from institutional investors, with the potential for an equivalent amount through an offer open to individual investors.
According to the company, this initiative is intended to bolster its financial capacity as it transitions its technologies from demonstration phase to commercialization.
Projects with OCP Among Top Priorities
In its communication, Quadrise specifies that the funds raised will primarily serve to advance projects developed with OCP, although it does not provide details on the project’s scope or timeline for the next steps in Morocco.
The British group confirms that its collaboration with the global phosphate leader is among its strategic priorities, alongside other international projects.
Investments Also Planned in Maritime Transport
In addition to its partnership with OCP, Quadrise plans to use these resources to continue its maritime trials with MSC, aiming to reach a phase of commercial supply.
The company also intends to finance industrial-scale trials of its Valkor projects, as well as several energy production initiatives across the Americas, with the goal of expediting their commercial rollout.
Long-Term Funding Strategy
Quadrise’s CEO, Peter Borup, believes this fundraising effort will facilitate the company’s transition to a profitable commercial operation while strengthening its financial structure.
In the longer term, the group plans to diversify its funding sources by favoring non-dilutive solutions. Among the options being explored are project financing, technological partnerships, and funding aimed at investments necessary for the establishment of new biofuel production units.
The operation is coordinated by Shore Capital Stockbrokers Ltd and VSA Capital Ltd, who are acting as joint bookrunners and placement agents.
