U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 3

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940


1. Name and Address of Reporting Person*

Colledge                           Gordon
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(Last)                            (First)              (Middle)

2213 27th Avenue S.W.
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(Street)

Lethbridge                         Alberta               T1K6K4
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(City)                            (State)                (Zip)

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2.   Date of Event Requiring Statement (Month/Day/Year)

1/22/03
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)


4. Issuer Name and Ticker or Trading Symbol

Hybrid Fuels Inc. (the "Company") ("HRID")

5. Relationship of Reporting Person to Issuer (Check all applicable)

[X] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)

Vice-President/Director

6. If Amendment, Date of Original (Month/Day/Year)


7. Individual or Joint/Group Filing (Check applicable line)

[X] Form Filed by One Reporting Person

[_] Form Filed by More than One Reporting Person


Table I -- Non-Derivative Securities Beneficially Owned


                                                                 3. Ownership Form:
                                      2. Amount of Securities       Direct (D) or

1. Title of Security                     Beneficially Owned         Indirect (I)       4. Nature of Indirect Beneficial Ownership
   (Instr. 4)                            (Instr. 4)                 (Instr. 5)            (Instr. 4)
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   Class A Common Stock                  200,000                      D
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* If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

(Over)


FORM 3 (continued)

Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)


                                                                                                        5. Owner-
                                                    3. Title and Amount of Securities                      ship
                                                       Underlying Derivative Security                      Form of
                         2. Date Exercisable           (Instr. 4)                                          Derivative
                            and Expiration Date     ---------------------------------    4. Conver-        Security:
                            (Month/Day/Year)                               Amount           sion or        Direct      6. Nature of
                         ----------------------                            or               Exercise       (D) or         Indirect
                         Date       Expira-                                Number           Price of       Indirect       Beneficial
1. Title of Derivative   Exer-      tion                                   of               Derivative     (I)            Ownership
   Security (Instr. 4)   cisable    Date            Title                  Shares           Security       (Instr. 5)     (Instr. 5)
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Explanation of Responses:

By: /s/ Gordon Colledge                    January 22, 2003
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Name: Gordon Colledge                      Date
Title: Vice-President/Director

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).