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: +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.


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