Plastic recycling specialist Quantafuel and Eurazeo have today signed a joint
venture agreement for the Esbjerg sorting facility, which will be the largest of
its kind in Denmark. The agreement remains subject to governmental approvals and
antitrust clearance.

Quantafuel and Eurazeo are today pleased to announce their binding agreement for
the development and operation of a 50/50 joint venture for a plastic waste
sorting plant in Esbjerg, Denmark. A game-changer for the plastic waste market
in Denmark, the sorting facility is expected to be operational during the second
half of 2023 and to significantly contribute to the EU and Denmark's recycling
targets. With over 50% of Danish plastic waste currently sent to incineration,
the plant will contribute significantly to reducing CO2 emissions.

To establish the joint venture, Eurazeo through Eurazeo Transition Infrastrcture
Fund will acquire 50% of the shares in Quantafuel's wholly owned subsidiary
Quantafuel Esbjerg Aps, which will develop and operate the plastic waste sorting
plant in Esbjerg. 

The plant will be the largest of its kind in Denmark and consist of a
state-of-the-art high-tech sorting system separating the plastic waste into mono
fractions suitable for selling to all types of recycling facilities, including
mechanical and chemical recycling.

"Today we have made a very important step in Quantafuel's growth plans. We are
thrilled to have a partner like Eurazeo whose goal is to invest responsibly and
laying the foundation for a sustainable future. Esbjerg is a strong investment
case and this is a unique opportunity to capitalise on a significant untapped
potential in the Danish market. The partnership with Eurazeo proves the
increased financing capabilities of Quantafuel. As Quantafuel keeps growing, we
are also widening the sources of financing," says CEO of Quantafuel, Lars
Rosenløv. 

"We are progressing well on the project