QUANTAFUEL With reference to the notice on 6th of February regarding the temporary shutdown of Skive production, our inspection has revealed damage on the steel cone connecting the burner chamber with the flue gas heating box of the reactor. We have now initiated repair work and target to be back in production within mid-March. In close cooperation with third party experts,Quantafuel has now concluded on replacing the damaged steel cone with an improved solution. One burner chamber has already been transported to the selected subcontractor, and the next chamber will follow shortly. "We've had a period with high production and uptime, so the timing of this temporary shut-down is very unfortunate. On the other hand, I am pleased that the issue can be resolved without significant costs. I would like to underline that this issue is not related toQuantafuel's pyrolysis process or technology," saysQuantafuel's CEOLars Rosenløv . "Our team in Skive has handled this issue very well and I am pleased that we, together with third party experts, have initiated the repair work so quickly. We will use the downtime to perform preventive maintenance requiring a cold process," says Rosenløv. Additional technical information: The burner chamber and the connected flue gas system form the main heating elements for the process. The rotating pyrolysis reactor is surrounded and heated by the hot flue gas. There is no direct contact between the hydrocarbon gases formed in the reactors' pyrolysis process and the flue gas. -------------Quantafuel would like to invite investors, analysts and journalists for a call at12:30 CET today. The call will be hosted by CEOLars Rosenløv and COOTerje Eiken . Please copy the following link and paste it in your browser to join via Teams: https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZmIxOWNjZGEtMTNlZi00MzcyL TgyOTgtYWE2MTc3OGVkZWM4%40thread.v2/0?context=%7b%22Tid%22%3a%22bad801b1-c222-4e a0-8d59-ee83f35040bc%22%2c%22Oid%22%3a%22269ba9b3-c89e-41b8-9b00-a6d0c84d7c8e%22 %7d Alternatively, please register per email to IR@quantafuel.com 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, on10 February 2022 at CET 08:00.
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