Quadrise Fuels International plc (QFI) is engaged in to produce an oil-in-water emulsion fuel MSAR as a low cost substitute for conventional heavy fuel oil (HFO) for use in power generation plants and industrial and marine diesel engines. The Company has two business segments: emulsion fuel and non-managed interests. It is also engaged in enhanced heavy oil recovery, conversion of heavy oil, refinery upgrade projects. As of June 30, 2010, QFI held 20.4% interest in Quadrise Canada Corporation (QCC), which has skills and expertise in hydrocarbon emulsions. In March 2010, Quadrise Power Systems in Liquidation (Switzerland), a 100% held subsidiary of Quadrise International Limited, was deregistered and liquidated.