Quadrise Fuels International: Central & South America
Quadrise Fuels International PLC is the emerging manufacturer and supplier of MSAR® emulsion fuels, a low cost alternative to heavy fuel oil in the global shipping, refining, steam and power generation markets.
QFI announced on 22 June 2012 that following a joint review, agreement was reached with Quadrise Canada Corporation ("QCC"), that QFI would take control of all MSAR® fuel business developments in Central and South America. QFI therefore assumed full responsibility for certain key relationships and for progressing contractual terms with the parties concerned.
QFI is pleased to announce the execution of a Memorandum of Agreement ("MOA") between its 100% subsidiary Quadrise International Limited ("QIL") and Nexidea Incorporated ("Nexidea"), a professional consulting firm with headquarters in Dallas, Texas. Nexidea specialises in the technical, commercial, and economic aspects of the 'downstream oil' (refining distribution and marketing) and power generation industries.
Nexidea is currently advising several major corporations operating in Central and South America on refinery design, expansion and upgrading and associated power projects. It has a detailed understanding of the region's fuel oil and other petroleum product markets and distribution systems.
In terms of the agreement, Nexidea will partner with QIL in the development of emulsion fuels projects and joint ventures in the region. While QIL will lead the emerging joint ventures, QCC retains the right to participate in such joint ventures on commercial terms, as was previously advised. The joint venture partners contemplated under the agreement are expected to also include refining companies and investors.
Nexidea and QIL have selected two initial prospects to be progressed jointly under the MOA. Both prospects are currently advised by Nexidea, and are evaluating options for project developments with potential to include Quadrise MSAR® emulsion fuel production.
Commenting on these developments, Ian Williams, Chairman of QFI said:
"Nexidea have a wealth of relationships and a thorough understanding of emulsion fuel prospects in the region. We are delighted to be working with them on these promising opportunities."
Quadrise Fuels International
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More
Upcoming OilVoice Training Course
Petroleum Geology of the Mediterranean
All OilVoice Training Courses
This course is aimed at providing an overview of the petroleum prospectivity of the offshore basins bordering the discrete Eastern and Western Mediterranean oceanic basins. The first part of the course is spent on a regional overview of the Tethyan system, based on pala... Learn more