Extension of Exclusive Agreement with Nouryon
Quadrise PLC has extended its Exclusive Global Collaboration and Emulsifiers Sales Agreement with Nouryon, a specialty chemicals leader, through October 31, 2026, to ensure the exclusive supply of goods, services, and intellectual property for future MSAR® and bioMSAR™ projects. This renewed partnership, originally announced on October 8, 2019, continues the commercial relationship where Quadrise purchases specialized emulsifier chemicals exclusively from Nouryon for its oil-in-water emulsion fuel and biofuel applications. Intellectual property arising from joint development or past work on MSAR® and bioMSAR™ will remain jointly owned, and the agreement maintains exclusivity in the field of oil-in-water emulsion fuels and biofuels research and development.
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Quadrise plc (AIM: QED), the technology company focused on the decarbonisation of shipping and heavy industry through deployment of low emission fuels and biofuels, is pleased to announce the extension of the Exclusive Global Collaboration and Emulsifiers Sales Agreement ("Agreement") with Nouryon, a global specialty chemicals leader, for the exclusive supply of goods, services and IP for future MSAR® and bioMSAR™ projects.
The Agreement, the terms of which were announced on 8 October 2019, was renewed on 9 January 2026 to cover the period up to and including 31 October 2026.
Commenting on the Agreement, Jason Miles, CTO of Quadrise, said:
"We are pleased to renew our exclusive partnership with Nouryon, which continues to underpin the development and commercialisation of our MSAR® and bioMSAR™ fuels. This agreement reflects our shared commitment to delivering innovative, sustainable solutions for the marine, energy and industrial sectors."
Background to the Nouryon Agreement:
The Agreement between Quadrise International Limited ("QIL"), a subsidiary of the Company, and Nouryon Surface Chemistry AB ("NSC") continues the commercial relationship between the parties relating to the purchase and supply of goods and associated technical services to MSAR® and bioMSAR™ projects in development. QIL purchases, and will continue to purchase, speciality chemicals used as emulsifiers exclusively from NSC, which NSC supplies exclusively to QIL for oil-in-water emulsion fuel and biofuel applications.
Intellectual Property arising from any future joint development activity, or relating to past work such as MSAR® and bioMSAR™ development, is jointly owned between the parties in agreed territories. The Agreement is exclusive in the field of oil-in-water emulsion fuels and biofuels research and development unless otherwise agreed jointly.
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