Director/PDMR Shareholding

RNS Number : 9986D

Quadrise Fuels International PLC

22 September 2008

 



Quadrise Fuels International plc ('QFI' or 'the Company')

(AIM: QFI)

Director Shareholding

Further to the announcement, on Friday, 19 September 2008, of the appointment of Ian Duckels as a Non-Executive Director of QFI, the Company announces that Dr Duckels has a beneficial interest in 3,203,052 ordinary shares in the Company, representing 0.69% of the issued share capital.  

The figure of 4,029,052 ordinary shares originally announced included, inter alia, shares held by Dr Duckels' adult children.

For further information, please contact:

Quadrise Fuels International plc Bill Howe Chief Executive T: [phone]

Smith & Williamson Corporate Finance Limited Azhic Basirov / Siobhan Sergeant [phone] Capital MS&L                         Penny Freer James Madsen [phone]

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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