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Beskrivning

LandNorge
ListaEuronext Growth Oslo
SektorEnergi & Miljö
IndustriMiljö & Återvinning
Quantafuel är ett norskt bolag verksamma inom avfallshantering. Bolaget utvecklar egen teknik som vidare används för att konvertera diverse avfall, material och övriga produkter. Detta används i sin tur för att tillverka syntetiska bränslen. Störst verksamhet återfinns inom den nordiska- samt nordamerikanska marknaden, där bolagets kunder återfinns bland statliga- samt industriella aktörer. Quantafuel har sitt huvudkontor i Norge.
2021-06-09 08:00:00
Quantafuel strengthens its presence in the Danish waste market by investing in a
plastic pre-treatment line in Aalborg to secure feedstock for the Skive plant
and start building volumes for a larger plant in Esbjerg.

Today, Quantafuel is pleased to announce its plans to invest in a plastic waste
sorting line adjacent to Geminor's existing operations in Aalborg, Denmark. This
is an important step to secure the feedstock needs both for Quantafuel's plant
in Skive and the planned new plant in Esbjerg. At Quantafuel's plants, used
plastic waste is upgraded into valuable products with minimal pollution,
creating a circular economy, complementing mechanical recycling of plastics.

The investment will enable Quantafuel via Geminor to participate in waste
tenders early, and gain experience operating a plastic waste sorting line
catering to Danish household waste for both the chemical and mechanical
recycling industry. The total CAPEX for the investment is NOK 60 million. The
pre-treatment plant will be operational in Q1 2022, have a capacity of 20.000
ton per year and is expected to generate NOK 30 million in additional revenue
with an IRR of 22%.

"Our investment will help Denmark reach its ambitious strategy to become a
pioneer within recycling in Europe, as well as enabling their goal of 60 percent
actual recycling in tenders going forward. This is great news for all
municipalities wondering how to reach these targets, as we are confident we have
the solution," says Quantafuel's CEO Kjetil Bøhn, and continues:

"By investing in our own pre-treatment line, we can provide an integrated
service to every municipality. In just a few years' time, municipalities will be
required by law to recycle more of their plastic waste. Today, household plastic
waste contains 30-40 percent other materials, so it must be sorted before we, or
anyone else, can recycle it. Together with Geminor, we will help solve this
challenge," Bøhn continues.

"We are pleased that the Climate Plan for a green waste sector and circular
economy from 2020 is already creating a strong, Danish market for recycling
companies. Quantafuel's large investments in Denmark is an example if this. The
industry is ready to take on the task of recycling the Danish people's waste if
they are given the opportunity to do so," says Karin Klitgaard, the Deputy
Director of The Confederation of Danish Industry (DI), Denmark's largest
business- and employers' organisation.

Together with Geminor, Quantafuel aims to provide fully integrated, independent
sorting and recycling plants with mechanical and chemical recycling capacity, as
well as tracking and logistics capacity that can document every step of the
value chain. These plants will deliver certified, recycled material to leading
consumer goods companies, completing the circular economy of plastic waste in a
transparent and documented manner. Quantafuel has already been granted
certificates both from ISCC PLUS and REDcert2, making us a frontrunner in the
recycling industry.

Esbjerg on track
Esbjerg City Council unanimously approved Quantafuel's Environmental Impact
application in May and we have initiated work to secure strategic and financial
partners on the project.


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.