Quantafuel has completed the repair work for the first two lines, and the plant
is gradually returning into production. Both lines have been tested in
production and have converted plastics at high load after the repair work.

"With both burner chambers now repaired and installed, we continue our aim for
higher uptime and capacity," says Quantafuel's CEO Lars Rosenløv.

For further queries, please contact: 
Lars Rosenløv, CEO +47 93018040 
Kristian Flaten, CFO +47 95092322 

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 16 March 2022 at CET
08:00.

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