Quantafuel ASA continues its preparation for international growth and a
continuous focus on technology development through the hire of Dr. Christian
Lach as Deputy CEO and Chief Commercial Officer. Dr. Lach comes from the
position as Project Lead ChemCycling in BASF.

- We are excited about attracting a resource like Chris, one of the most
recognized profiles in the international chemical recycling industry. His deep
experience and knowledge in technology, with a proven commercial track record,
will make a great contribution to Quantafuel. We are excited about our long-term
partnership with BASF and are looking forward to being working even closer with
Chris onboard, says Kjetil Bøhn, CEO of Quantafuel.

- I am happy to become a part of the Quantafuel team, says Dr. Christian Lach,
in these exciting times, I am convinced that flexible and innovative companies
like Quantafuel are at the forefront of the profound change in our industrial
landscape. I am looking forward to further deepening our cooperation with BASF
and to speed up the transition towards a circular economy. 

- We thank Christian Lach for his contribution to our ChemCyclingTM project and
wish him all the best. At the same time, we look forward to continuing our
cooperation with Quantafuel and all our other partners to accelerate the
development of chemical recycling, says Lars Kissau, Senior Vice President
Global Strategic Business Development, BASF.

Dr. Christian Lach is an internationally experienced manager with a proven track
record managing business in commodity as well as specialty chemicals, strategy
development, establishing organizational structures, mergers & acquisitions
including integration of acquired organisation, and a focus on market-driven
innovation. Dr. Lach holds a PhD in Polymer Chemistry from University of
Freiburg, Germany.

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.