Quantafuel ASA announced that plastic feedstock agreement signed between Resource Denmark and Lassila & Tikanoja (L&T). A feedstock agreement for the annual supply of at least 20,000 tons of Finnish household plastic waste has been secured for Resource Denmark. For Resource, the annual value of the multi-year contract is in accordance with the company's expectations.

The agreement with L&T is the first of its kind for Resource Denmark, which will be a major contributor to reach plastic recycling goals in the Nordics once it is up and running. There is a great need for plastic waste sorting infrastructure. Resource is a game-changer for the plastic waste market and is expected to be commissioned at the end of 2023, capable of sorting up to 160,000 tonnes of mixed plastics waste annually into recyclable fractions.

L&T will supply a minimum of 20,000 tons of Finnish household waste per year to Resource, with first deliveries in 2023. The agreement has a duration of two years, with a possible extension.