After transforming the equivalent of 66,000 used grocery bags into high-quality
liquids on the first day of operation, Quantafuel’s goal has been to reach
stable and continuous operation at a controlled level on one reactor at our
plant in Skive, Denmark. We are therefore happy to announce that we over the
last 48 hours have reached this target, and now plan for a gradual increase of
capacity, first on one reactor, and then over the next couple of weeks on
several reactors simultaneously. 

- We are humble for the tasks ahead and know that there will a period with
unstable production and probably new challenges that need to be overcome. But we
are proud to have reached this crucial milestone so fast and continue our
dedicated work towards full production, says Kjetil Bøhn, CEO of Quantafuel, and
adds;

- At full production in Skive we will receive three truckloads with a total of
60,000 kg, or the equivalent of four million grocery bags, of household waste
from Norway and Denmark each day, that will be transformed into 48,000 kg
high-quality liquids. Our partner BASF has started preparations for receiving
the first truckloads of commercial products from Quantafuel, and we work
diligently to reach this milestone soon.

Based on the existing contracts for raw material and offtake, the 20,000 ton per
year plant in Skive is expected to deliver close to USD 10 million in yearly
EBITDA at full production. 


For further queries, please contact: 
Kjetil Bøhn, CEO +47 91 57 38 18
Kristian Flaten, CFO +47 95 09 23 22

About Quantafuel | https://quantafuel.com
Quantafuel is a technology-based energy company converting waste plastics back
into low-carbon synthetic oil products replacing virgin oil products. Quantafuel
is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants
and plans to establish several plants throughout Europe and beyond.