15th Sep 2008 09:43
15 September 2008
Quadrise Fuels International plc
Quadrise Fuels International plc ("QFI" or "the Company"), the producer of emulsion fuel as a low cost substitute for heavy fuel oil for use in power generation plants and industrial diesel engines, advises that at its Annual General Meeting held on Friday, 12 September 2008, all resolutions were duly passed.
As announced on 15 August 2008, Anthony Lowrie did not offer himself for re-election as a director of the Company and, therefore, ceased to be a director of QFI with effect from 12 September 2008.
ends
For additional information, please contact:
Quadrise Fuels International +44 (0) 772 537 2841
Bill Howe
Smith & Williamson Corporate Finance Limited +44 (0) 20 7131 4000
Azhic Basirov / Siobhan Sergeant
Capital MS&L +44 (0) 20 7307 5330
Penny Freer
James Madsen
www.quadrisefuels.com/
Notes to Editors
Quadrise Fuels International plc ("QFI") produces an emulsion fuel as a low cost substitute for conventional heavy fuel oil ("HFO") for use in power generation plants and industrial diesel engines.
In manufacturing its fuels, QFI uses the least valuable elements of the oil barrel, thus providing a lower cost liquid fuel product which is also competitive with natural gas.
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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