Quantafuel today announced the appointment of Christian Bekkevold Nilsen as the
company's new Chief Financial Officer. He will enter his role on October 10th,
2022.

"I am pleased to welcome Christian Bekkevold Nilsen into Quantafuel's Group
Management team. Quantafuel is moving forward into the next phase of its
strategy, and I am confident that his experience from multiple companies, both
in Norway and internationally, will be a valuable contribution to our team,"
says Quantafuel's CEO Lars Rosenløv. 

Bekkevold Nilsen has held CFO positions in Norconsult and Nordpool. He has also
been a Finance Director in the French industrial group Alstom. 
 
"Quantafuel is becoming a frontrunner in the plastic recycling industry, and I
look forward to taking part in this exciting and important journey. I hope and
believe that my background and experience will contribute to further developing
the company," says Bekkevold Nilsen.  

Nilsen holds a Master of Science degree in Business from Handelshøyskolen in
Northern Norway and is a Norwegian citizen. He has lived and worked in Belgium,
France, Japan, and Switzerland, before he and his family returned to Norway in
2010.
 
Bekkevold Nilsen will take over from Kristian Flaten, who will focus on the
ongoing financing processes, as Quantafuel is now entering into the roll-out
phase, as communicated in the first half 2022 report.

For further queries, please contact: 
Lars Rosenløv, CEO +47 93018040 

About Quantafuel | https://quantafuel.com 
Quantafuel is a technology-based energy company converting waste plastics back
into low-carbon synthetic oil products replacing virgin oil products. Quantafuel
is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants
and plans to establish several plants throughout Europe and beyond. 

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by André Moe Bakke, IR, on 30 September 2022 at CET
12:15

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