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Quadrise Fuels International said it had entered into collaboration and emulsifiers sales agreement with Nouryon.
The pact involved the exclusive global collaboration and supply of goods and services for future projects involving Quadrise's MSAR alternative fuel technology.
The agreement would run for three years to October 2022 and replaced two separate contracts with AkzoNobel that were previously extended to November 2019, having been originally entered into in November 2013.
'Our long-term relationship with Nouryon continues to underpin our ability to move the Company towards long-term commercial revenues, as we progress our business development activities towards large-scale trials followed by commercial roll-out,' executive chairman Mike Kirk said.