Quantafuel

Investor Presentation • Jan 21, 2021

Pareto Securities' Power & Renewable Energy Conference

QUANTAFUEL ASA

CEO Kjetil Bøhn 21 January 2021

A PIONEER WITHIN CHEMICAL RECYCLING

First plant taking mixed waste to high quality liquids

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The circular plastic economy

PLASTIC WASTE IS A MAJOR PROBLEM GLOBALLY

Quantafuel is a key enabler of a circular plastic economy

Source: Company information, McKinsey/Ellen MacArthur Foundation, Regjeringen, Eurostat, Miljø- og Fødevareministerien (Denmark), Grønt Punkt

A FIRM AND SUPPORTIVE POLICY TREND

EU reguIation requires investment in new plastic recycling technology

QUANTAFUEL TODAY Two recycling plants with clear plans for further expansion

The Skive plant (Denmark)

EU Annual Polymer Demand

• Quantafuel primary feedstock ≈ 50% EU polymer demand • 29.1 million tonnes plastic waste annually • >60% is plastic packaging • 40% decrease in plastic waste export (2016 – 2018)
  • Sources: Plastic Europe : Plastics - the Facts 2019

TAKING CONTROL OF THE FEEDSTOCK VALUE CHAIN

• ✓Feedstock project with Grønt Punkt & Geminor yields invaluable experience
• ✓Quality control drastically reduces risk of unwanted material e.g. PVC, Lithium batteries
• ✓High potential in receiving high gate fee levels
• ✓Compliance with EU regulations through tracking the entire valuechain

RECYCLING OF PLASTIC WASTE IS CHALLENGING

Mechanical recycling has limitations – pyrolysis is not enough

Mechanical recycling

✓Mechanical recycling has limitations and is energy intensive

✓Mechanical recycling is mostly downcycling to lower grade products

Pyrolysis of plastic

✓Has existed for a long time

✓Produces an impurified oil and waxes

✓Needs further upgrading that is energy demanding

UNIQUE SOLUTION TO PURIFY AND UPGRADE

Quantafuel's technology starts where others stops…..

✓Removes ash particles, oxygen, nitrogen, chlorine and sulphur

✓Changes the molecular structure

✓Produces 800 kg of products from 1 ton of plastic with 90% CO2 reduction

✓Uses the light fractions to run the reactors

✓Ash fraction goes to energy production

PRODUCTION PLANTS AND PIPELINE PROJECTS

Several additional production plants planned with existing partners

OUR PRODUCTS ARE GREEN, OUR PLANTS WILL BE TOO

Sustainability at the core in early stages of planning

CAN RECYCLING COMPETE WITH OIL AND GAS?

Or is big always beautiful?

Raw material:	Income of up to USD 80 per ton
Process:	Fully-automated small scale
Market prices:	USD 300-700 premium to
	commodity prices

Raw material:	Cost of USD 300 per ton
Process:	Efficient large-scale model
Market prices:	Commodity prices

Additional margin: USD 600-1,000 per ton

THIS WILL BECOME A MULTI-BILLION DOLLAR INDUSTRY

Why can it not be Quantafuel that becomes the market leader?

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www.quantafuel.com IR@quantafuel.com