Quantafuel is in a strong position to continue its journey shaping the chemical recycling market for plastic. In its first quarter 2021, Quantafuel reports NOK 577 million in cash by end of Q1 2021 and strong support from its three strategic partners BASF, Vitol and Kirkby.
The company’s strategy is to build large-scale Plastics-to-Liquid (PtL) process plants at multiple locations throughout Eu
- More recycling of plastic waste which would otherwise be incinerated
- Favorable regulatory environment decisive for implementation
BASF, Quantafuel and REMONDIS have signed a Memorandum of Understanding (MoU) to jointly evaluate a cooperation in chemical recycling including a joint investment into a pyrolysis plant for plastic waste.
It is intended that REMONDIS, one of the world's
Quantafuel has entered into an agreement with Corepla and SAIPEM to jointly promote circular economy models for plastic waste, and to seek building chemical recycling plants throughout Italy.
- As for all European countries, plastic waste is a major challenge in Italy. Our consortium annually collects 1.5 million tons of plastic packaging. With Quantafuel and SAIPEM, we will create a full circu
Quantafuel ASA continues its preparation for international growth and a continuous focus on technology development through the appointment of Dr. Christian Lach as Deputy CEO and Chief Commercial Officer.
Dr. Lach comes from the position as Project Lead ChemCycling in BASF.
"We are excited about attracting a resource like Chris, one of the most recognized profiles in the international chemi