Quadrise updates project progress with Valkor in Utah
1 report, 1 independent
Updated Thu 00:00
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What happened
Quadrise received a heavy sweet oil sample from Valkor's pilot plant in Utah, where testing has begun to formulate MSAR® and bioMSAR™ emulsions. Valkor's Asphalt Ridge project has seen drilling commence at two pilot wells, with site installation underway for a 500 barrels per day oil sands pilot plant, targeting production in Q1 2027. Valkor expects to pay US$300,000 toward the outstanding US$950,000 site licence fee balance by the end of October 2026.
From investegate.co.uk
Why it matters
The project involves the formulation of replacement fuels and biofuels for heavy industry and shipping. Furthermore, multi-million dollar project finance is expected to conclude in Q4 2026 to support future production growth at the site.
From investegate.co.uk
Who's involved
- QEDManufacturer of lower cost, lower emission, replacement fuels and biofuels for shipping and heavy industry