Quantafuel's strategic partnership with BASF was highlighted at the BASF
Research Press Conference (still available online, link included below) on the
10th of December. BASF especially emphasized the requirement to upgrade, purify
and remove halogens in the process, which is the unique and proprietary part of
the Quantafuel technology.

BASF has announced a goal to process 250.000 metric tons of recycled material
annually by 2025. We are obviously determined that Quantafuel will make a
significant contribution to those ambitions. In the same press conference, it
was also confirmed that BASF is our partner for the pilot plant in Kristiansund,
in which we will test our new joint technologies. 

Quantafuel is currently working together with the BASF team to get the 10-ton
per day first pilot running by the end of Q1 2021.  

www.basf.com/global/en/media/events/2020/basf-research-press-conference/circular
-economy.html

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.