Quantafuel

M&A Activity • Aug 11, 2020

Quantafuel ASA | Quantafuel establishes plastic recycling line in Norway

Quantafuel ASA | Quantafuel establishes plastic recycling line in Norway

Quantafuel ASA has acquired a 49% stake in Replast AS, a leading provider of mechanical sorting and recycling solutions based in Kristiansund, Norway, to build production capacity for chemical recycling of mixed waste plastic at the same production site.

Quantafuel´s chemical recycling technology is complementarity with mechanical recycling solutions and has the capability of processing post-consumer fractions that until now have been difficult or impossible to recycle. By combining these two technologies in one production facility, Quantafuel will secure the most efficient and highest possible recycling rate and the supply and control of feedstock for a new chemical recycling plant in Norway.

The parties have the ambition to gradually build out a total processing capacity of 20,000 – 30,000 ton per year over the next 18 months in Kristiansund and use the set-up as a model for a potential Scandinavian roll-out.

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.