Change of Adviser

RNS Number : 5345N

Quadrise Fuels International PLC

18 February 2009

 

18 February 2008

Quadrise Fuels International plc

Appointment of Nominated Adviser and Broker

Quadrise Fuels International PLC is pleased to announce the appointment of Fairfax I.S. PLC as its nominated adviser and broker with immediate effect.

For further information contact:

Quadrise Fuels International PLC                           Tel: [phone]

Ian Williams, Chairman

Bill Howe, Chief Executive

Hemant Thanawala, Finance Director

Fairfax I.S. PLC                                                        Tel: [phone]

Adam Hart / Maria Tsareva

Capital MS&L                                                          Tel: [phone]

Penny Freer

James Madsen

Notes to editors:

Quadrise Fuels International plc ('Quadrise') has rights to produce an emulsion fuel as a low cost substitute for conventional heavy fuel oil ('HFO') for use in power generation plants and industrial diesel engines. It recently successfully completed the manufacture and burn of a 20,000 tonne batch of MSAR® in Lithuania.

The manufacturing process of these fuels uses the least valuable elements of the oil barrel, thus providing a very cost effective product whilst simultaneously facilitating a means to market for the least desirable heavy crudes and refinery derived residues.

The emulsion fuel product, termed MSAR® (Multiphase Superfine Atomised Residue), has superior combustion characteristics to conventional heavy fuel oil, achieving complete carbon burn-out and producing lower NOx emissions.

Oil refiners applying the technology enjoy enhanced value realisation for their least valuable residues and the potential to avoid very heavy capital expenditure on heavy oil upgrading facilities.

 

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