Alternative fuels group Quadrise International PLC (LON:QUAD) expects to confirm funding plans by the end of the month.
Several proposals have been received with discussions said to be at an advanced stage with a funding provider.
This will include an open offer said Quadrise, with the funding of a size to finance the company through to the middle of next year.
At the end of July, the company had £808,000 in cash, which will last until October.
Quadrise has developed an alternative to shipping fuel, which is among the most polluting and dirtiest types available.