Latest news

15 May 2023 13:30

Viridor becomes majority shareholder in Quantafuel AS in successful acquisition

A new Quantafuel Board has been formed and is now headed by Viridor’s CEO and CFO The c. £90m acquisition offered in February of this year, is a key part of Viridor’s commitment to achieve complete plastic circularity by 2025 Quantafuel’s Plastics-to-Liquids (PtL) pyrolysis technology transforms hard-to-recycle polymers back to its base molecules for new plastics production, replacing fossil b

12 May 2023 07:01

Quantafuel releases its first quarter results

- Viridor becomes controlling shareholder of Quantafuel
- Viridor provides Quantafuel with a NOK 250 million loan facility, but new Equity will be required within Q2
- Quantafuel announces completion of Geminor share sale
- ReSource, Denmark’s largest plastic sorting facility, begins installation of main equipment
-Skive is not yet cash positive, but the increase of plastic processed

27 April 2023 08:00

Quantafuel's CEO Lars Rosenløv encourages remaining shareholders to accept Viridor’s offer

Quantafuel will welcome Viridor as controlling shareholder following the decision by Viridor to acquire close to 80% of the shares in Quantafuel already committed by accepting shareholders. All conditions for the offer are met or waived and steps are now being taken to delist the company. The offer from Viridor remains open for shareholders who still haven’t accepted until Friday 28th April. Fol

24 March 2023 09:38

ReSource Denmark appoints its employee # 1: Plant Director Lars H. Kristensen

ReSource Denmark is pleased to announce the appointment of its first employee, Plant Director Lars H. Kristensen. He comes from Fortum Waste Solutions A/S and brings with him many years of industry experience from flexible packaging and waste treatment.
"I am thrilled to welcome Lars to ReSource Denmark. His extensive experience in plastics and managing plants, combined with strong leadership

28 February 2023 13:45

Quantafuel concludes its strategic review with proposed acquisition by Viridor

The UK-based recycling and waste management company Viridor today announced a formal offer to acquire all of Quantafuel’s outstanding shares for NOK 1.058million (NOK 6.38 per share).
As announced in October, Quantafuel has conducted a broad process to secure a fundament for growth through a long-term financing solution in preparation of the large-scale roll-out of the next generation Plastic-

28 February 2023 13:40

Quantafuel releases its fourth quarter results

Quantafuel today reported its fourth quarter results. Delayed positive cash flow from operations combined with required funding of ongoing and future projects have resulted in the need of a financing solution by mid Q2 2023. Meanwhile, there is good progress with Quantafuel’s pipeline projects.
Per 31stDecember 2022, Quantafuel ASA had a cash position of NOK 122 million. Due to the constrain

6 February 2023 19:00

Planning permission granted for Quantafuel’s first UK plastics recycling plant

Quantafuel’s plans to build a series of plastic recycling plants across the UK are moving on swiftly after planning permission was granted for its first operation in Sunderland today.
Sunderland City Council has given the go-ahead for a new Plastic-to-Liquid (PtL) plant to be built on land at the Port of Sunderland, creating over 100 permanent jobs and processing plastic waste that is largely

Contacts

Astrid Mannion-Gibson

Press contact Head of Communications astrid@quantafuel.com +47 46632010