Quadrise Fuels International: Central & South America

Thursday, July 5, 2012

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."

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

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Nanotechnology hits the oilpatch
    Dropping energy prices—for both oil and natural gas—has investors and analysts checking to see what the break-even price is for oil production in each play ...

» More Opinion & Commentary         » Write for us             RSS RSS

Oil & Gas Training

Mastering 4D Seismic
Ian Jack, London, 06 Nov 2014

Petroleum Geology of West Africa
Duncan Macgregor, London, 12 Nov 2014

Introduction to Contingency Planning: The value to oil and gas companies in high-risk areas
Mark Theobald, London, 18 Nov 2014

All Upcoming Training

Opinions & Commentary

World War III: It's here and energy is largely behind it

by Kurt Cobb

Read More »