Proactive Investors - Quadrise PLC (LON:QED) told investors it is not expecting any delays in its MSC vessel trial program.
The company, in a statement, said that the signing of a binding project agreement with MSC and Cargill had been anticipated before the end of the first quarter, and it is still pending.
"Continued efforts in respect of our project mean that we do not expect any material delay to the overall MSC vessel trial programme at this time,” Quadrise chief executive Jason Miles said.
“We remain in regular contact with our project stakeholders and Quadrise is focused on the delivery of the Project Agreement as soon as possible."
In mid-March, the company previously noted that it expected to enter a binding agreement for a trial of its MSAR and bioMSAR alternative fuel in the operation of MSC Leandra, a cargo containership.