18 Feb 2009 15:06
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: +44 (0)20 7550 4930
Ian Williams, Chairman
Bill Howe, Chief Executive
Hemant Thanawala, Finance Director
Fairfax I.S. PLC Tel: +44 (0)20 7598 5368
Adam Hart / Maria Tsareva
Capital MS&L Tel: +44 (0)20 7307 5330
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.