Quantafuel and Eurazeo have signed a joint venture agreement for the Esbjerg sorting facility, which will be the large of its kind in Denmark. The agreement remains subject to governmental approvals and antitrust clearance. Quantafuel and Eurazeo to announce their binding agreement for the development and operation of a 50/50 joint venture for a plastic waste sorting plant in Esbjerg, Denmark.

A game-changer for the plastic waste market in Denmark, the sorting facility is expected to be operational during the second half of 2023 and to significantly contribute to the EU and Denmark's recycling targets. With over 50% of Danish plastic waste currently sent to incineration, the plant will contribute significantly to reducing CO2 emissions. To establish the joint venture, Eurazeo through Eurazeo Transition Infrastrcture Fund will acquire 50% of the shares in Quantafuel's wholly owned subsidiary Quantafuel Esbjerg Aps, which will develop and operate the plastic waste sorting plant in Esbjerg.

The plant will be the large of its kind in Denmark and consist of a high-tech sorting system separating the plastic waste into mono fractions suitable for selling to all types of recycling facilities, including mechanical and chemical recycling.