VSA Morning Flow Test
This Morning’s News: Quadrise (QED LN) #
Quadrise (QED LN) has announced a Project Development Agreement (PDA) for cost effective renewable feedstock for bioMSAR. The PDA is with BTG Bioliquids and Euthenia Energy Group.
BTG Bioliquids previously entered into an agreement with QED to use its fast pyrolysis bio-oil as feedstock for bioMSAR supporting the development pipeline and rollout of the product when commercialised. Euthenia is an industrial group in the renewable energy space that will process lignocellulosic biomass feedstock blended with the intermediate product created by QED and BTG.
The PDA brings in new partners that again have deep expertise in their respective sectors and have the scale to support QED as it commercialises and scales up the business. This particularly given the commercial negotiations underway and important trials coming up. The ongoing R&D is a vital part of QED’s business with the progressive decarbonisation of the bioMSAR pipeline a major selling point and aspect of the investment case, in our view. The PDA also represents further additional third party validation.
We reiterate our Buy recommendation.