Press release -
Quantafuel wins the prestigious Plastic Award 2022
Today, Quantafuel is thrilled to share the news that it has won the Danish Plastics Federation’s Plastic Award 2022 (Plastprisen). Quantafuel’s CEO Lars Rosenløv received the award this afternoon in Copenhagen.
Quantafuel, which recently reached Proof-of-Concept (PoC) at its plant in Skive in Denmark, was nominated by its strategic partner, German chemical company BASF, for its innovative ability to upcycle mixed household plastic waste into an oil that can be used to produce new, high-quality products. By chemically recycling plastic waste, Quantafuel produces a substitute for fossil oil and reduces CO2 emissions by up to 50% compared to incineration.
“It is a great honour to be recognised for the important job that we are doing. Thank you to everyone in the industry who voted for us, it means a lot. This would never be possible without the fantastic effort from all my colleagues at Quantafuel. I am so proud to be part of a team that is so dedicated and focused on making a difference. It also means a lot for me personally to receive this award in my home country at a time when Quantafuel is taking a lead position in the Danish waste market. It is a huge motivation for us all to see that our technology can help Denmark and other European countries reach their ambitious recycling targets. Last, but not least, I have to say thank you to BASF for the great endorsement, collaboration and support,” says Quantafuel’s CEO Lars Rosenløv.
“Complex, but crucial to achieve Denmark’s recycling goals”
“As Quantafuel's strategic partner in Skive, we are very excited for them to have received the Danish ‘Plastprisen 2022’ (Plastic Award). The development of new technology for the recycling of plastic is complex, but crucial to achieve Denmark's ambitious goal of recycling 60% of all collected plastic waste by 2030. We believe Chemical recycling complements mechanical recycling, as the two approaches together can increase the total amount of recycled plastic and bring us closer to this goal,” says Mark Meier, VP BASF Nordic/Baltic.
From waste to a valuable resource
Quantafuel’s pyrolysis technology upgrades plastic waste into virgin grade pyrolysis oil, as the polymers are broken down to their original oil-based building blocks in the process.
The oil that Quantafuel produces at serves as a substitute feedstock for fossil oil and is sent to our strategic partner BASF. BASF uses the pyrolysis oil in the production of CcycledTM products. The share of recycled raw materials is allocated to the individual product according to a certified mass balance scheme. BASF’s customers use these products to manufacture a broad variety of high-quality plastic products ranging food packaging (transport boxes for Norwegian salmon and sausage packaging in Germany) to thermal boxes for temperature-sensitive medicines like Covid vaccines that must be kept at -20 to -70°C degrees during transport.
Quantafuel is a Norwegian technology-based recycling company with the purpose of ending wasteful and unsustainable handling of our planet's resources. Drawing on more than ten years of development, Quantafuel converts waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel aims to rapidly build up production capacity on a global scale and to have a meaningful impact on one of our time's most pressing environmental challenges.
