STOCK WATCH

SHARES in Quadrise Fuels International crashed after it warned a key project in Saudi Arabia might not go ahead.

The company was preparing to trial the manufacture of MSAR in the country, a lowcost alternative to heavy fuel oil used in the marine and energy sectors.

However, it has been unable to nail down the agreements with the partners that are needed for the trial to start.

Its shares tanked 38.6pc, or 2.12p, to 3.38p.