Quadrise Fuels International PLC (LON:QFI)

Quadrise Fuels International PLC (LON:QFI)


Share Price
6.41 p
Change
0.06 (0.94 %)
Market Cap
£59.15 m
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Quadrise Fuels International PLC

Proprietary technology that enables a low cost, modular and rapidly implemented solution to upgrading the bottom of the crude oil barrel which has typically been achieved through large, complex, capital intensive solutions.

Quadrise has developed an innovative and disruptive technology solution, Multiphase Superfine Atomised Residue (“MSAR”), which through the application of existing...

EPIC: QFI
Market: LSE:QFI
52-week High/Low: 8.00p / 2.00p
Sector: Energy
Market Cap: £59.15 m
Website: www.quadrisefuels.com
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Big Picture – A Deep Dive Examination of Quadrise Fuels International PLC


Quadrise Fuels International PLC Snapshot

OUR MISSION & STRATEGY

Our mission is to be the world's leading oil-in-water emulsion fuels company, providing best available technology, services and MSAR® synthetic fuel oil products for our customers and partners.

Our strategy is to work with leading companies in the refining, shipping, power generation and trading markets to develop, simultaneously, the capacity to produce, trade and consume MSAR® fuel on a commercial scale.

By commercialising MSAR® we expect to earn a fair return for our shareholders that reflects the value we deliver to our customers and partners.

We currently supply two lower-cost synthetic fuel solutions:

  • Marine MSAR® - developed by Quadrise and extensively tested with major shipping and diesel OEM companies for use in 2-stroke and 4-stroke diesel engines.
  • Power MSAR® - for use in stationary applications such as boilers and kilns, with extensive experience through the commercial use of 60 million tons Orimulsion.


Our products are designed to be highly stable, fungible from various sources (avoiding normal fuel oil blending issues) and as environmentally benign as possible.

MSAR® TECHNOLOGY

MSAR® is a low viscosity oil in water emulsified synthetic HFO. It is manufactured using proprietary technology to mix heavy residual oils with small amounts of specialist chemicals and water to a bespoke formulation. The resulting emulsion contains approximately 30% water and less than 1% chemicals. The emulsion is a low viscosity liquid at room temperature, which makes it easier to handle and reduces the heating costs for storing, transportation and use in comparison to HFOs.

In addition, the hydrocarbon droplets are pre-atomised within the emulsion and are significantly smaller than the droplets formed from atomising HFO; this means that when used MSAR® burns almost completely, leaving virtually no particulate carbon in the exhaust and making it more environmentally friendly.

Quadrise is the licensor of MSAR® technology and offers fully integrated solutions for oil refiners and end users.


 

United Kingdom.

BOARD OF DIRECTORS

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MIKE KIRK
Executive Chairman
Mike served as a corporate finance partner at Cazenove providing advisory services to a number of clients in the utilities, oil and gas and oilfield service sectors. Whilst at Cazenove, Mike led the flotation of Wood Group, Expro International and KBC Advanced Technologies, where he also served as a non-executive director for 9 years. Since leaving the City, Mike has held a portfolio of non executive directorships for a variety of companies and is currently Chairman of Portsmouth Water, Chair of First Wessex and Deputy Chair of TCV. Prior to working in the City, Mike worked in the chemical and nuclear industries and has a BSc in Chemical Engineering from Leeds University, an MSc in Nuclear Fuels Technology from Imperial College and a Finance MBA from Cass Business School. Mike is a member of the QFI Nominations Committee.
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JASON MILES
Chief Operating Officer
Jason spent the first twelve years of his career developing emulsified fuel projects as a Process Engineer for BP, and subsequently for PDVSA as Business Development Manager where he implemented numerous Orimulsion® power projects globally. Jason joined Quadrise in 2006 and now has some 25 years’ technical and commercial experience in the emulsion fuels industry. Jason is a chartered Chemical Engineer, with an honours degree in Chemical Engineering from Loughborough University, and has an Executive MBA from the Cass Business School in London.
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LAURIE MUTCH
Non Executive Director
Laurie is a management consultant to multi-national organisations. He has 25 years’ experience in the energy industry with the Royal Dutch/Shell Group where he sat on the Board of Shell International Gas & Power, as Executive Director for business development in the Eastern Hemisphere. From 1994 to 1996, he was the Finance Director in Shell International Gas, and Principal Executive to the International Energy Agency's Coal Industry Advisory Board (CIAB). Prior roles include senior management positions in Shell's Coal and Chemical Divisions. During his last two years of service he was Group Chief Information Officer. Laurie holds a BSc in Mathematics & Physics and an MSc in Astrophysics. He is a member of the QFI Audit, Remuneration and Nominations Committees.
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BRYAN SANDERSON
Non Executive Director
Mr. Sanderson has extensive experience in the energy, chemicals and financial sectors, having spent more than 35 years with BP in senior executive positions, latterly as Managing Director from 1991 to 2000 and as Chief Executive of BP Chemicals from 1990 to 2000.

Since retiring from BP in 2000, Mr. Sanderson has held the position of Chairman at Standard Chartered Bank, the Learning and Skills Council, BUPA, Northern Rock and Sunderland Area Regeneration. Mr. Sanderson was also previously a non-executive director of Corus/British Steel, Six Continents and Argus Media. He is currently Interim Chairman of the UK Government's Low Pay Commission and holds a number of other board positions. 

Mr. Sanderson holds a BSc in Economics from the London School of Economics, where he is currently an Emeritus Governor, as well as Honorary Doctorates from the University of York and the University of Sunderland. He is also an Honorary Fellow of the Institution of Chemical Engineers.
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DILIP SHAH
Non Executive Director
Dilip has over 25 years of commercial experience in trading, finance, manufacturing and distribution. He has most recently been involved in trading and manufacturing in West Africa with focus on Nigeria, Democratic Republic of Congo and Ghana. He is a founder member of various successful companies in West Africa involved in the distribution of fertilisers, chemicals, tobacco related products and the manufacture of food products. In addition, he serves on the boards of a number of private UK and international companies.
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PHILIP SNAITH
Non Executive Director
Philip has spent more than 35 years with the Royal Dutch Shell group in senior executive positions, latterly as General Manager of Shell International Trading & Shipping Company Limited in London. Between 2004 and 2008, Philip spent four years in Singapore as President of Shell International Eastern Trading Company – with responsibility for Asia-Pacific trading portfolio. Concurrent with this executive position, he was a non-executive director of Shell Eastern Trading Company (Pte) Ltd, with annual revenues of around US$55 billion, and was also Chairman of both Shell Tankers Singapore (Pte) Ltd and Shell International Shipping Services (Pte) Ltd. Philip holds an MBA from Cranfield University, a BSc (Physics) from Imperial College and a Diploma in Marketing (Dip.M) from the UK Chartered Institute of Marketing. Philip is a member of the QFI Audit and Compensation Committees.
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HEMANT THANAWALA
Non Executive Director
Hemant is a Chartered Accountant with over 30 years professional and commercial experience. He played a key role in the AIM listings of Nautical Petroleum plc in 2005 and Quadrise Fuels International plc in 2006, assuming the role of Finance Director in both companies upon their listings. Prior to 2005, Hemant served as CFO of Masefield AG, a Swiss-based energy trader, for a period of 4 years. Between 1989 and 2001, he served as CFO for Premier Telesports Group and Rostel Group, with diversified business interests in the emerging markets of Eastern Europe, Former Soviet Union and Africa. Before that, Hemant was engaged in professional practice, following his qualification with KMG Thomson McLintock (now KPMG) in 1981.
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AUDREY CLARKE
Company Secretary

SENIOR MANAGEMENT

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BERNARD JOHNSTON
Head Of Operations
Bernard joined Quadrise in 2008 as a consultant with over 25 years of experience in the manufacturing, chemicals and oil industry. He specialises in project and risk management, health & safety, process commissioning, streamlining, problem solving and fabrication. Bernard is well versed with emulsion fuels having spent nearly 10 years with PDVSA assisting Jason with Orimulsion power project development activities, and prior to that supporting BP Engineering emulsion fuel initiatives for boilers. Bernard started his career at Hawker Siddley Aviation and Imperial College, London.
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MARK WHITTLE
Head of Projects
Mark is a Chemical Engineer with over 25 years’ experience in energy, covering both the downstream oil and renewables sectors. He started his career as an Engineer with Esso at their Fawley Refinery before working for Criterion Catalysts & Technologies (Shell), Louis Dreyfus and ConocoPhillips on a worldwide basis. His experience is both technical and commercial, and includes; refining, technology transfer, asset optimisation, refinery economics & strategic planning, project development and trading. Mark has an honours degree in Chemical Engineering with Minerals from the University of Birmingham.
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PATRICK BRUNELLE
Head of RDI & Quality
Patrick is a Chemist with over 12 years experience applying chemistry to various industries. He started his career with Quadrise Canada Corp, where he worked on emulsion fuel technologies for the North American market. He was promoted to Chief Technology Officer in 2012. While at Quadrise Canada, Patrick also applied emulsion technology to other industries. One of those projects resulted in a novel lost circulation technology for drilling oil and gas wells that was later sold to Secure Energy Services Inc. In 2016, Patrick joined Quadrise International Ltd to further develop the emulsion fuel technology and chemistry. Patrick has a PhD in Chemistry from the University of Calgary, Canada.
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DAVID SCOTT
Head of Finance
David joined KPMG in 1998 and qualified as a Chartered Accountant in 2001. David spent seven years with KPMG, progressing to Audit Manager before joining Cable and Wireless plc as a Finance Manager. In 2006, David took a position as a Financial Controller at Consolidated Water Co. Ltd, a NASDAQ listed utility and engineering company, before joining Quadrise as Group Financial Controller in 2011. David has a Master’s degree in Physics from Durham University.

 

SHAREHOLDERS

Updated as at 22 January 2019

Shares not in public hands

NAME NUMBER PERCENTAGE
Directors 34,305,212 3.72%
Total shares not in public hands 34,305,212 3.72%
Total shares in public hands 888,406,683 96.28%
Total Ordinary shares of 1p in issue 922,711,895 100%

There are no Shares Held in Treasury
 

 

Significant Shareholders over 3% 

NAME NUMBER PERCENTAGE
Ruudowen Limited  60,812,495 6.59%
Phibatec Limited 51,562,500 5.59%
Intertrust Trustees Limited 46,081,160 4.99%
Anthony Lowrie 31,521,705 3.42%
Hemant Thanawala* 29,239,579 3.17%
Vistra Trustees (Mauritius) Limited 29,439,510 3.19%
     
*Including 23,326,179 Ordinary Shares held by Lucrone Investments GmbH, a company in which Mr Thanawala has a beneficial interest

 

QUADRISE

Registered Office, Business Address, Country of Operation:

Gillingham House

38-44 Gillingham Street

London, SW1V 1HU, UK


tel: +44 20 7031 7321

fax: +44 20 7031 7339


general enquiries: [email protected]

investor relations: [email protected]


Quadrise Fuels International plc is registered in England & Wales

Company registration number: 5267512

Quadrise International Ltd is registered in England & Wales

Company registration number: 5587832

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