Quantafuel

Regulatory Filings • Dec 16, 2021

Quantafuel ASA | Quantafuel is awarded NOK 13.7 million from The Norwegian Research Council

Quantafuel ASA | Quantafuel is awarded NOK 13.7 million from The Norwegian Research Council

Today, Quantafuel is happy to announce that we have been awarded funding from The Norwegian Research Council (Forskningsrådet) to further develop chemical recycling of plastic waste into low-carbon synthetic oil products replacing fossile oil feedstock.

The funds will be applied in Quantafuel’s Innovation Hub at NTNU named “Chemical Conversion of Waste”. This partnership was formally launched in October this year with NTNU’s Department of Chemical Engineering to continue the optimisation of Quantafuel’s Plastic-to-Liquid technology offerings.

The Department of Chemical Engineering at NTNU has strong expertise in catalysis, and reactor and process engineering. With this academic partnership, Quantafuel aims to continue developing efficient catalysts and an integrated pyrolysis process for recycling of a broad spectrum of mixed plastic wastes to optimise the pyrolysis oil.

“Thanks to the fund from The Norwegian Research Council, we will be able to increase our research impact. This will be a significant help in creating the innovative solutions for today’s challenges that we aim for in our partnership with NTNU. We see this funding as a confirmation of the Innovation Hub and together we will work towards increasing the recycling rates of plastic waste and contribute to reducing CO2 emissions,” says Quantafuel’s Chief Commercial Officer Chris Lach.

For further queries, please contact:

Lars Rosenløv, CEO +47 93018040

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.