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

  • 99 Red Balloons...
    ...was the title of an anti-nuclear protest song by the German singer Nena and her group of the same name, released in German in 1983 and in English in 1984. It came into my head ...

» More Opinion & Commentary         » Write for us             RSS RSS

Oil & Gas Training

Introduction to Oil and Gas Exploration and Production
Dr Helen Turnell, London, 02 Oct 2014

Integrated Subsurface Description for Reservoir Development & Production
Mike Bowman, London, 15 Oct 2014

Delivering Information Management
Alan Smith, London, 28 Oct 2014

All Upcoming Training


Opinions & Commentary

Oil price, Ophir, Ithaca and sundry- FOGL-Thalassa- And finally...

by Malcolm Graham-Wood

Read More »