Quantafuel

Regulatory Filings • Dec 19, 2022

Quantafuel ASA |Quantafuel ASA and Geminor AS have established Geminor Plastic

Quantafuel ASA |Quantafuel ASA and Geminor AS have established Geminor Plastic

Quantafuel ASA and Geminor AS’ establishment of Geminor Plastic is in line with Quantafuel’s strategy to take a lead position in the value chain for plastic waste recycling.

Geminor Plastic will focus only on plastic waste fractions and build on years of experience trading waste fractions cross border with full traceability at competitive prices, supporting both Quantafuel and Geminor to become the leading player for plastic waste. The main focus will be on the Nordic markets and the UK.

“This move will make our effort more targeted on plastics, which will support the ongoing industrialisation of the company with full traceability though the value chain; from the waste bin to new plastic produced,” says Lars Rosenløv, CEO of Quantafuel.

Quantafuel and Geminor have a 50/50 ownership of the new company Geminor Plastic.

Today, Quantafuel has a 40% ownership in Geminor. With the establishment of Geminor Plastic, Quantafuel no longer has the option to acquire the remaining shares of Geminor.

For further queries, please contact:

Lars Rosenløv, CEO +47 93018040

Christian Bekkevold Nilsen, CFO +47 90277833

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.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by André Moe Bakke, IR, on 19 December 2022 at CET 08:00.