Quadrise Fuels International PLC Publication of White Paper
17 August 2020 - 4:00PM
RNS Non-Regulatory
TIDMQFI
Quadrise Fuels International PLC
17 August 2020
17 August 2020
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its
subsidiaries the "Group")
Publication of White Paper
Quadrise Fuels International, supplier of MSAR(R) 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(R) technology in the Middle East. The paper
is entitled, "A clean solution to the Middle East's heavy fuel oil
problem" and is available at:
https://www.quadrisefuels.com/middle-east-white-paper/ .
A Modern Standard Arabic ("MSA") version of the report is also
available on the Quadrise Fuels International website at the link
above. This will be followed shortly by further updates to the
website, so that a significant proportion of the content will be
available in MSA, including the animated video.
White Paper highlights:
-- Quadrise's MSAR(R) technology enables production of a
proprietary oil-in-water emulsion fuel oil - MSAR(R) that reduces
energy costs for consumers and improves refinery profitability and
yield.
-- Implementation in power generation in the KSA can deliver
fuel cost savings of $0.8 billion annually. Refinery margins where
MSAR(R) is produced would increase by a comparable amount.
-- MSAR(R) delivers significant environmental benefits to
consumers, with a 30% reduction in NOx emissions and 50% lower ash
emissions - and it is the most cost effective and cleanest
upgrading technology for refiners.
-- Oil-in-water emulsion fuels have been used worldwide, with
over 60 million tons consumed in power generation. The latest
generation, MSAR(R), is now on the verge of being implemented in
the Americas, Africa, Europe and the Middle East.
-- Strong synergies with metals recovery from power station ash
- including vanadium, which is a critical component for the
manufacture and deployment of renewable energy storage batteries in
the KSA and the region.
-- With over 10 years of working in the KSA, Quadrise is now
poised to progress its first regional commercial
implementation.
Mike Kirk, Chairman, commented on the publication of the White
Paper, adding:
"This White Paper sets out the clear economic and environmental
opportunity that MSAR (R) technology provides to Middle Eastern
markets as the region looks to reconfigure its petroleum and power
infrastructure to migrate to lighter oil products whilst
transitioning to renewable energy.
With over 10 years' experience of working in the KSA, we are
very excited at the potential of MSAR (R) to provide tangible,
proven solutions to the challenges faced by refiners and utilities
and our White Paper illustrates the benefits that our propriety
technology delivers. This is part of a planned process to
demonstrate our long-term commitment to the KSA and the wider
region and to increase our engagement by making much of our website
available accessible in MSA".
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRABXGDIXDBDGGS
(END) Dow Jones Newswires
August 17, 2020 02:00 ET (06:00 GMT)
Quadrise (LSE:QED)
Historical Stock Chart
From Apr 2024 to May 2024
Quadrise (LSE:QED)
Historical Stock Chart
From May 2023 to May 2024