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    QFUEL   NO0010785967

QUANTAFUEL ASA

(QFUEL)
  Report
Real-time Oslo Bors  -  07:38 2022-11-28 am EST
5.780 NOK   -2.12%
11/15Quantafuel ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
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11/15Transcript : Quantafuel ASA, Q3 2022 Earnings Call, Nov 15, 2022
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11/15Quantafuel : Q3 presentation 2022
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Quantafuel Asa, Dubal Holding and Basf Sign Feed Agreement for Plastic Recycling in Dubai

08/04/2022 EST

Quantafuel, DUBAL Holding and BASF are moving to the front-end engineering and design (FEED) stage on the plant for chemical recycling of waste plastics in Dubai. After a six-month feasibility study where the main design parameters have been defined and the site and feedstock secured, the project is now entering the FEED stage with BASF as partner for the new phase of the project. A potential final investment decision (FID) is targeted for early 2023.

The technology-based recycling company Quantafuel has together with DUBAL Holding, the investment arm of the Dubai Government in the commodities and mining, power and energy, and industrial sectors, and global chemical company BASF SE, signed an agreement to carry out a front-end engineering design (FEED) for developing a Plastics-to-Liquid (PtL) processing plant in Dubai. The PtL project will be a significant step towards a circular economy converting low-quality, non-recyclable plastics into valuable products and by that helping Dubai achieving its objective of zero waste going to landfill by 2030. The partners have agreed to cooperate and share the cost for the development of the plant based on the learnings from and optimization of Quantafuel's first full-scale commercial plant in Skive, Denmark.

Italian engineering and construction major Saipem has been chosen as the FEED service provider. The FEED for the development of the 80,000 tons per year plant will be done in 2022, with the potential final investment decision scheduled for early 2023.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
BASF SE -1.18% 49.03 Delayed Quote.-19.71%
QUANTAFUEL ASA -2.12% 5.78 Real-time Quote.-81.72%
All news about QUANTAFUEL ASA
11/15Quantafuel ASA Reports Earnings Results for the Third Quarter and Nine Months Ended Sep..
CI
11/15Transcript : Quantafuel ASA, Q3 2022 Earnings Call, Nov 15, 2022
CI
11/15Quantafuel : Q3 presentation 2022
PU
11/15Quantafuel ASA | Third quarter results 2022
AQ
11/15Quantafuel ASA | Changes to the Board of Directors - election of new employee represent..
AQ
11/14Quantafuel ASA Announces Changes to the Board of Directors
CI
11/10Quantafuel ASA | Invitation to Q3 2022 webcast
AQ
10/26Quantafuel ASA | Skive update
AQ
10/18Quantafuel ASA | Award of share options
AQ
10/12Quantafuel Picks ABG Sundal To Assist In Strategic Review
MT
More news
Financials (USD)
Sales 2022 4,94 M - -
Net income 2022 -27,0 M - -
Net cash 2022 74,6 M - -
P/E ratio 2022 -3,43x
Yield 2022 -
Capitalization 99,1 M 99,1 M -
EV / Sales 2022 4,94x
EV / Sales 2023 12,0x
Nbr of Employees 111
Free-Float 68,2%
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Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 0,60 $
Average target price 0,57 $
Spread / Average Target -5,42%
EPS Revisions
Managers and Directors
Lars Rosenl°v Chief Executive Officer
Christian Bekkevold Nilsen Chief Financial Officer
Ann-Christin Gjerdseth Andersen Executive Chairman
Bj°rn Arild Dahlen Chief Technology Officer
Lars Erik Fareid Vice President-Research & Development
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