Quadrise Fuels International PLC Publication of Americas White Paper

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Quadrise Fuels International PLC

03 December 2020

3 December 2020

Quadrise Fuels International plc

("Quadrise", "QFI", the "Company" and together with its subsidiaries the "Group")

Publication of Americas White Paper

Quadrise Fuels International, supplier of MSAR(R) emulsion technology and fuels, a low-cost, cleaner alternative to heavy fuel oil, is pleased to announce the publication of a White Paper detailing the potential economic and environmental benefits of the implementation of MSAR(R) technology in the Americas. The paper is entitled "A clean solution to the Americas' heavy fuel oil problem" and is available at: https://www.quadrisefuels.com/americas-white-paper .

A Spanish-language version of the report is also available on the QFI website at the link above. The Company website, including animated video introductions, is also now available in Spanish ( https://www.quadrisefuels.com/es ).

Americas White Paper Highlights:

-- Quadrise's MSAR(R) technology enables production of a proprietary oil-in-water emulsion fuel oil - MSAR(R), that reduces energy costs for consumers and improves refinery profitability and yields.

   --    Offers the most cost effective and cleanest refinery residue upgrading technology.

-- Delivers significant environmental benefits with a 30% reduction in NOx emissions and 50% lower ash emissions, with further potential to reduce CO(2) by 20% (same as LNG).

-- Implementation of MSAR(R) in refineries and power generation facilities in key regions such as Ecuador and Mexico can deliver cost savings of US$100 million per year per refinery to governments, whilst also benefiting the population and environment through lower emissions.

-- Oil-in-water emulsions have been used worldwide, with 100,000 bpd commercial supply experience and over 60 million tons consumed in power generation and industrial facilities. The latest generation, MSAR(R), is now on the verge of being implemented in the Americas, Africa, Europe and the Middle East.

-- Strong synergies with metals recovery from ash - including vanadium, a critical component for the manufacture and deployment of renewable energy storage batteries.

-- With over ten years of working in the region, Quadrise is now poised to progress regional commercial implementation.

Mike Kirk, Chairman, commented:

"Following the publication of our Middle East White Paper, we are pleased to highlight the economic and environmental benefits of MSAR (R) in the Americas, another market where we see significant potential for our technology.

The nations of the Americas are on the cusp of the fast-growing energy transition seen in other parts of the world. However, oil will continue to be a major source of energy production in the region for a significant period.

By adopting technologies such as MSAR (R), that can be implemented rapidly and deliver significant financial benefits and improved environmental benefits, a sustainable pathway to renewables for the region can be created".

Enquiries:

Quadrise Fuels International Plc +44 (0)20 7031 7321

Mike Kirk, Chairman

Jason Miles, Chief Executive Officer

Public & Investor Relations

FTI Consulting +44 (0)20 3727 1000

Ben Brewerton

Ntobeko Chidavaenzi

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