• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Quadrise shares rise on EU grant for SEASTARS project

by January 2, 2025
written by January 2, 2025

Investing.com — Shares of Quadrise Plc rose over 3% on Thursday following its participation in the SEASTARS consortium, which recently signed a grant agreement with the European Climate, Infrastructure, and Environment Executive Agency (CINEA). 

The funding comes through CINEA’s Horizon program, which aims to support projects focused on reducing greenhouse gas emissions and improving energy efficiency in the maritime sector.

As part of the agreement, Quadrise has been awarded up to €63,500 in funding to support its role in the project. 

The funding will help the company integrate its technology into the vessel designs and develop decarbonization recommendations for vessel owners and operators once the designs are completed.

SEASTARS is a collaboration of 17 companies, including Quadrise, that combines expertise from research institutes, technology providers, ship operators, and naval architects. 

The consortium’s objective is to achieve a 30% reduction in greenhouse gas emissions and a 20% improvement in energy efficiency across the maritime industry.

Quadrise is contributing its “Blend-On-Board” emulsion technology to the project. This technology, which blends renewable fuels, is expected to help reduce emissions from ships. 

As per a statement from the company, the technology will be integrated into the design of eight vessel prototypes, with plans to make them market-ready by December 2027.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Emmerson shares jump 29% after securing $11 mln litigation funding agreement
next post
US dockworkers, port employers set to restart talks on Jan 7, Bloomberg News reports

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Nigeria seeing positive results from fiscal reforms, World Bank says
    • China slaps sanctions on 3 US firms, 10 senior execs over weapons sales to Taiwan

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy