Executive Summary
Quadrise Fuels International plc (formerly Zareba plc) holds a portfolio of managed, affiliate and associate interests all of which are engaged in developing business activities associated with the manufacture and marketing of Quadrise MSAR(R) fuels. The MSAR(R) fuels manufacturing process uses proprietary Akzo Nobel oil emulsification technology for which Quadrise has certain rights to promote and market pursuant to the Alliance Agreement. MSAR(R) is a liquid fuel consisting of very fine oil particles dispersed in a water carrier effectively producing a pre-atomised fuel. This enhances concepts previously used in emulsified fuels, enabling superior carbon burnout, improving thermal efficiency and reducing emissions.
Company History
On 9 December 2005, Zareba announced that it had entered into a Preliminary Merger Agreement with Masefield Energy to acquire all of the issued share capital of Quadrise.
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QFI produces an emulsion fuel as a low cost substitute for conventional heavy fuel oil (HFO) for use in power generation plants and large steam raising or energy consuming industries. In manufacturing its fuels, QFI uses the least valuable elements of the oil barrel, thus providing a very cost effective product whilst simultaneously facilitating a means to market for the least desirable heavy crudes and refinery derived residues. The emulsion fuel product, termed MSAR® (Multiphase Superfine Atomised Residue), has superior combustion characteristics to conventional HFO and coal, and has comparable or superior environmental performance in respect of greenhouse gas emissions.
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