Quantafuel reached an important milestone in the company's history in September
2020 when starting transforming plastic waste into liquid products at our plant
in Skive, Denmark. Liquids produced to date are within specifications received
from BASF at this stage and will improve further over time when we continue the
adjustment process to bring the first production line and then the whole factory
to nameplate capacity.

Ongoing optimization process to get one line up to full capacity, and production
challenges in ramping up are clearly addressed and in progress. 

Highlights:
o	Start-up of production in Skive
o	Strong progress on our FEED study for new large-scale facilities, selecting
Esbjerg, Denmark, as our next project location
o	Acquisition of Replast to establish a full-scale chemical and mechanical
recycling facility in Kristiansund, Norway
o	Establishment of Quantafuel R&D in Sweden through the purchase of certain IP-
and licensing rights from Hulteberg 
o	Non-cash financial cost of NOK 308 million relating to the BASF convertible
loan
o	Successfully raising NOK 852 million in the quarter

Please see the attached Q3 2020 report and Q3 2020 presentation for further
information.

A presentation followed by Q&A will be held by CEO Kjetil Bøhn at 09:00 CET. The
presentation will be held in English and can be followed via video streaming or
conference call. 

Video link:
https://paretovideo.com/webapp/?conference=1238377532@paretovideo.com
 
Conference call:
+47 21402311, ID: 762928310#

For further queries, please contact:
Kjetil Bøhn, CEO +47 91573818
Kristian Flaten, CFO +47 95092322 

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.