Reference is made to the stock exchange notice byQuantafuel ASA on24 May 2022 regarding the agreement with our financial partnerEurazeo for the development and operation of the 50/50 joint venture for a plastic waste sorting facility in Esbjerg,Denmark . Following final environmental approval and completing of closing conditions and documents, we are happy to announce that the financing process has been successfully completed.Quantafuel ASA , throughQuantafuel Denmark ApS , has sold 50% of the shares inQuantafuel Esbjerg ApS (now:Resource Denmark ApS ) toEurazeo .Eurazeo has committed a total ofEUR 40 million to the project. Remaining condition subsequent is the final building permit expected to be received before year end 2022. For further queries, please contact: Lars Rosenløv, CEO +47 93018040Kristian Flaten , CFO +47 95092322 AboutQuantafuel | https://quantafuel.comQuantafuel 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 throughoutEurope 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. Thisstock exchange announcement was published byKristian Flaten , CFO,12 July 2022 at CET 15:20.
Click here for more information
© Oslo Bors ASA, source