Quadrise Fuels International PLC
21 September 2006

                        Quadrise Fuels International plc
                         ("Quadrise" or "the Company")
                                   AIM : QFI

                              Update on Activities

Following the Company's admission to AIM in April 2006, Quadrise has undertaken
comprehensive business development activities and is pleased to announce the
following update.

The Company's business is to manufacture and market low cost superior quality
fuel oil emulsions (MSAR(R)) from the least desirable elements of the oil barrel
- namely the heaviest and most viscous fractions, which can be purchased at low
cost. These fractions are available to Quadrise by a number of means including:

   *Splitting heavy fuel oil, or heavy crude in its own facilities
   *Sourcing ultra heavy crude/bitumen and manufacturing MSAR(R) at the point
    of production
   *Purchasing vacuum residues from existing oil refineries

Following admission, a comprehensive strategy review has been undertaken to
re-appraise the Company's focus and target markets, of which a key result has
been a shift into larger projects, using as feedstock oil residues available
within existing oil refineries. Quadrise has selected the following markets as
targets arising from its initial analysis:

   *Far East/South East Asia (Korea, Japan, Taiwan, China, Singapore)
   *Southern Europe & Mediterranean, including Italy, Greece & Turkey
   *NW Europe, including the UK
   *USA
   *Central America and Caribbean
   *Specific countries in Africa

A programme of refinery visits has been initiated consistent with the selected
geographic strategy. Specifically, formal submissions have been made to two Far
East refiners and one refinery in NW Europe. Positioning MSAR(R) within these
refineries' processing configurations offers the respective oil companies
significant benefits - both reducing capital expenditure to process heavy
residues, and increasing operating flexibility and profit margins. Significant
benefits have been demonstrated for certain options already studied, and
Quadrise has further new processing concepts in the pipeline.

The Company's strategy is to offer a sink to refiners for their residues in
order to permit them to take advantage of these benefits, whilst providing
Quadrise its feedstock for MSAR(R) manufacture and subsequent sale to the
respective regional power generating markets.

The Company's initial analysis in this area is very positive and a technical
paper on the concepts developed by Quadrise will be presented at a major global
refining conference dealing with bottom of the barrel conversion technology
during the course of October.

Effective in October, the Quadrise management team will be joined by Jason
Miles, as Business Development Manager. He has previously led a number of
successful commercial efforts for the sale of Orimulsion, which is the Company's
only commercial competitor.

Commenting on the hire, Bill Howe, CEO, stated "Jason brings excellent
experience and is conversant with a number of potential MSAR(R) consumers and we
believe he will strengthen our capability to close the power plant sales side of
our business deals."

In parallel with the focused regional marketing activities, preliminary market
studies are underway or planned in the Middle East, Russia, India, and South
East Asia - through to the end of 2006. A major island based power plant
refuelling opportunity is being pursued in the United States through Quadrise
Fuels US LP.

Quadrise Canada Fuel Systems Inc. ("QCFS") has now secured its first commercial
contract for the Surmont SAGD (Steam Assisted Gravity Drainage) project for
Paramount Resources in northern Alberta, Canada. It will initially involve the
sale of 3,000 BPD of MSAR(R), rising to 13,000 BPD, with the planned start up
for late 2009. QCFS have a number of other interesting prospects in hand and
expectations are positive regarding their participation in the growing SAGD
developments in Canada. Quadrise recently increased its shareholding in QCFS by
0.6%.

Bill Howe stated, "Going forward the Quadrise management team is extremely
positive about its operations and the attention the business development efforts
are receiving from the market after this initial five months of activity."

A statement regarding the Company's activities, from which the information in
this announcement has been extracted, has been circulated to shareholders and is
also available on the Company's website at www.quadrisefuels.com/news.

For further information, please contact:

Quadrise Fuels International plc
Bill Howe
CEO
T: +44 (0)20 7550 4930

Smith & Williamson Corporate Finance Limited
Azhic Basirov
+44 (0)20 7131 4000

Parkgreen Communications
Simon Robinson /
Victoria Thomas
+44 (0)20 7493 3713


21 September 2006





                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
NRALBMFTMMTTBPF