Lars Rosenløv has been appointed the new CEO of Quantafuel, starting November
1st, 2021. 

"I am pleased to announce that Lars Rosenløv has accepted the position as CEO of
Quantafuel," says Ann-Christin Andersen, Chair of the Board.

Lars Rosenløv (53) is a Danish citizen with 30 years of industrial experience
from the process industry in Equinor ASA (previously Statoil ASA). He has held
executive positions in downstream operations and successfully delivered and
operated complex international refineries and petrochemical plants. He was also
a Board member in Norsk Industri from 2014 to 2018. Rosenløv holds a Master of
Science, mechanical engineering from the Technical University of Denmark (DTU)
and has executive courses from Harvard, Heriot-Watt University and Copenhagen
Business School (CBS).

"We have had a thorough search process and a unanimous Board of Directors has
appointed Lars Rosenløv as CEO of Quantafuel. Lars brings operational excellence
and valuable experience from a 365/24/7 operation to Quantafuel. He has a strong
business orientation and is passionate about developing a high performance
organisation. I am confident that he will take the company to the next level on
our industrial journey," says Ann-Christin Andersen. 

"I would like to thank Terje Eiken for doing a great job as interim CEO and
Chris Lach for stepping up in the interim phase. They will now focus on their
roles as Chief Operating Officer and Chief Commercial Officer respectively," she
continues.

Lars Rosenløv will start his new role as CEO of Quantafuel on the 1st of
November this year. 

"I am really impressed with what this fantastic team of competent and engaged
people has achieved in a very short time. The purpose of Quantafuel, creating a
circular economy for plastics, is vital. It is hard to imagine a world without
plastics, so recycling it into valuable products makes a lot of sense. I believe
recycling is a great contribution to a better and more sustainable world," says
Lars Rosenløv. 

"Quantafuel has a great future, and I am extremely motivated to contribute to
the company's success," he continues.  

For further information, please contact: 
Astrid Mannion-Gibson, Head of Communications +47 46632010 
Ann-Christin Andersen, Chair of the Board +47 93443606

Finance/Investors:
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. 

This information is subject to the disclosure requirements pursuant to Euronext
Growth Oslo Rule Book - Part II section 3.10, and section 5-12 of the Norwegian
Securities Trading Act.

This stock exchange announcement was published by Kristian Flaten, CFO in
Quantafuel ASA, on 14 October 2021 at 08:00 CET.