Quadrise Plc provided an update on its project with MSC Shipmanagement Limited of Cyprus. Quadrise continues to work with MSC and project counterparties to conclude the binding agreement between Quadrise, MSC and Cargill in respect of Company's forthcoming vessel trials on board the MSC Leandra. Upon signing the Project Agreement, Quadrise equipment will be installed and commissioned at the MAC2 facility in Antwerp prior to vessel trials.

MAC2 has already received the required operating permits for the installation of Quadrise equipment and has prepared the site ahead of time, therefore the company are ready to move quickly once the Project Agreement is finalised.