Inactive Instrument

Quantafuel

QFUEL

NO0010785967

Quantafuel ASA : | Third quarter results 2020

November 13, 2020 at 02:01 am EST

Quantafuel reached an important milestone in the company's history in September
2020 when starting transforming plastic waste into liquid products at our plant
in Skive, Denmark. Liquids produced to date are within specifications received
from BASF at this stage and will improve further over time when we continue the
adjustment process to bring the first production line and then the whole factory
to nameplate capacity.

Ongoing optimization process to get one line up to full capacity, and production
challenges in ramping up are clearly addressed and in progress. 

Highlights:
o	Start-up of production in Skive
o	Strong progress on our FEED study for new large-scale facilities, selecting
Esbjerg, Denmark, as our next project location
o	Acquisition of Replast to establish a full-scale chemical and mechanical
recycling facility in Kristiansund, Norway
o	Establishment of Quantafuel R&D in Sweden through the purchase of certain IP-
and licensing rights from Hulteberg 
o	Non-cash financial cost of NOK 308 million relating to the BASF convertible
loan
o	Successfully raising NOK 852 million in the quarter

Please see the attached Q3 2020 report and Q3 2020 presentation for further
information.

A presentation followed by Q&A will be held by CEO Kjetil Bøhn at 09:00 CET. The
presentation will be held in English and can be followed via video streaming or
conference call. 

Video link:
https://paretovideo.com/webapp/?conference=1238377532@paretovideo.com
 
Conference call:
+47 21402311, ID: 762928310#

For further queries, please contact:
Kjetil Bøhn, CEO +47 91573818
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.

Click here for more information

Latest news about Quantafuel

Viridor Limited acquired remaining stake in Quantafuel AS (OB:QFUEL).	Feb. 06	CI
Quantafuel Files for Delisting from Oslo Børs	Jan. 30	MT
Viridor Limited agreed to acquire remaining stake in Quantafuel AS (OB:QFUEL) for approximately NOK 180 million.	Jan. 29	CI
Transcript : Quantafuel AS - Shareholder/Analyst Call	Jan. 18
Quantafuel AS Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 15	CI
Quantafuel AS Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-31	CI
Quantafuel AS (OB:QFUEL) acquired 50% stake in Polynate AS.	23-08-30	CI
Quantafuel Appoints New CFO	23-08-23	MT
Quantafuel AS Announces CFO Changes	23-08-22	CI
Quantafuel AS Announces Amendment to Viridor Term Loan Agreement Increasing Facility to NOK 1,000 Million	23-07-07	CI
Quantafuel as Elects Omar Shafi Khan as Board Member	23-06-16	CI
Quantafuel ASA Announces Christian Bekkevold Nilsen to Step Down At the End of November as CFO	23-05-15	CI
Quantafuel ASA Announces Executive Changes	23-05-15	CI
Quantafuel AS Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-12	CI
Viridor Unit Completes Takeover Offer for Quantafuel, Secures Nearly 81% Stake	23-05-05	MT
Viridor Limited completed the acquisition of Quantafuel ASA (OB:QFUEL) from BASF SE, KIRKBI A/S and others for approximately NOK860 million.	23-05-04	CI
Viridor Unit Further Extends Offer Period for Quantafuel Acquisition	23-04-24	MT
Chief executive officer and founder of Geminor Kjetil Vikingstad and Ralf Schöpwinkel completed the acquisition of remaining 40% stake in Geminor AS from Quantafuel ASA (OB:QFUEL).	23-04-19	CI
Viridor Again Extends Offer Period for Quantafuel Acquisition	23-04-17	MT
Chief executive officer and founder of Geminor Kjetil Vikingstad and Ralf Schöpwinkel entered into an agreement to acquire remaining 40% stake in Geminor AS from Quantafuel ASA (OB:QFUEL) for NOK 80 million.	23-04-16	CI
Viridor Extends Offer Period for Quantafuel Acquisition	23-03-30	MT
Quantafuel Says Takeover Offer by Viridor Secures UK Regulatory Approval	23-03-14	MT
Quantafuel ASA Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022	23-02-28	CI
Transcript : Quantafuel ASA, Q4 2022 Earnings Call, Feb 28, 2023	23-02-28
Viridor Limited made an offer to acquire Quantafuel ASA (OB:QFUEL) BASF SE, KIRKBI A/S and others for NOK1.05 billion.	23-02-27	CI

Quantafuel ASA is a Norway-based recycling company, that converts post-consumer plastic waste back into low-carbon synthetic oil products replacing virgin oil products in the production of new plastics, as well as development and operation in related services. The Company establishes, operates and owns dedicated Plastic-to-Liquid (PtL) plants and plastic sorting facilities. Quantafuel has two plants in operation: Skive (Denmark) for chemical recycling and Kristiansund (Norway) for combined mechanical and chemical recycling. The Company is focused on building a circular economy for plastics that increases resource utilization and reduces emissions.

Sector

Renewable Fuels

Calendar

2024-05-09 - Q1 2024 Earnings Release (Projected)

More about the company