QUANTAFUEL Quantafuel is progressing as planned with its Esbjerg development inDenmark and is happy to announce that an agreement has been signed with Eggersmann, a leading supplier of waste treatment plants. The contract includes engineering and securesQuantafuel a firm manufacturing slot, which secures our schedule. The Esbjerg sorting facility will be operational the second half of 2023 and will be the major Danish hub for plastic waste sorting and significantly contribute to the EU and national recycling targets and reduce incineration, lowering CO2 emission. "We are now in pole position to become the market leader in a very attractive part of the value chain and this contract with Eggersmann safeguards our schedule on this very economically attractive project," saysQuantafuel's CEO,Lars Rosenløv . "Our Esbjerg development will be a game-changer for the post-consumer plastic waste market inDenmark . There is a great need for plastic waste sorting, as plastic in large scale is currently incinerated or exported to be sorted abroad.Denmark has set very high targets for recycling of plastic waste and our Esbjerg plant will be a major contributor for the country to reach its ambitious targets," Rosenløv continues. The Eggersmann Management states: "Eggersmann is delighted to be taking part in this future-oriented project. A lot of experience from already implemented sorting systems for plastics sorting will be incorporated here." Once completed, the facility in Esbjerg will have the capacity to sort more than 160,000 tonnes of plastic waste into clean mono-fractions, which are ideally suited for recycling. Initially, the plant will focus on feedstock to Skive and for external customers that will use our product for mechanical recycling. The plastic waste sorting facility in Esbjerg isQuantafuel's first step towards developing an integrated recycling site. The next phase will include a large-scale chemical recycling plant based onQuantafuel's technology, with plastic feedstock sourced from the waste sorting facility. The production in Skive is now more than 100 tonnes of post-consumer plastic waste on a weekly basis and is ramping up. 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 byAndré Moe Bakke , Investor Relations, on3 February 2022 at CET 08:30.
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