Publication of Americas White Paper

3 December 2020

Quadrise Fuels International plc

("Quadrise", "QFI", the "Company" and together with its subsidiaries the "Group")

Publication of Americas White Paper

Quadrise Fuels International, supplier of MSAR® emulsion technology and fuels, a low-cost, cleaner alternative to heavy fuel oil, is pleased to announce the publication of a White Paper detailing the potential economic and environmental benefits of the implementation of MSAR® technology in the Americas. The paper is entitled "A clean solution to the Americas' heavy fuel oil problem" and is available at: https://www.quadrisefuels.com/americas-white-paper.

A Spanish-language version of the report is also available on the QFI website at the link above. The Company website, including animated video introductions, is also now available in Spanish (https://www.quadrisefuels.com/es).

Americas White Paper Highlights:

· Quadrise's MSAR® technology enables production of a proprietary oil-in-water emulsion fuel oil - MSAR®, that reduces energy costs for consumers and improves refinery profitability and yields.

· Offers the most cost effective and cleanest refinery residue upgrading technology.

· Delivers significant environmental benefits with a 30% reduction in NOx emissions and 50% lower ash emissions, with further potential to reduce CO2 by 20% (same as LNG).

· Implementation of MSAR® in refineries and power generation facilities in key regions such as Ecuador and Mexico can deliver cost savings of ~US$100 million per year per refinery to governments, whilst also benefiting the population and environment through lower emissions.

· Oil-in-water emulsions have been used worldwide, with 100,000 bpd commercial supply experience and over 60 million tons consumed in power generation and industrial facilities. The latest generation, MSAR®, is now on the verge of being implemented in the Americas, Africa, Europe and the Middle East.

· Strong synergies with metals recovery from ash - including vanadium, a critical component for the manufacture and deployment of renewable energy storage batteries.

· With over ten years of working in the region, Quadrise is now poised to progress regional commercial implementation.

Mike Kirk, Chairman, commented:

"Following the publication of our Middle East White Paper, we are pleased to highlight the economic and environmental benefits of MSAR® in the Americas, another market where we see significant potential for our technology.

The nations of the Americas are on the cusp of the fast-growing energy transition seen in other parts of the world. However, oil will continue to be a major source of energy production in the region for a significant period.

By adopting technologies such as MSAR®, that can be implemented rapidly and deliver significant financial benefits and improved environmental benefits, a sustainable pathway to renewables for the region can be created".

Enquiries:

Quadrise Fuels International Plc +44 (0)20 7031 7321

Mike Kirk, Chairman

Jason Miles, Chief Executive Officer

Public & Investor Relations

FTI Consulting +44 (0)20 3727 1000

Ben Brewerton

Ntobeko Chidavaenzi