Quantafuel

Following a formal offer for acquisition of Quantafuel AS in February, Viridor has successfully become a majority shareholder of the company.

This acquisition reflects Viridor’s ambition to lead innovation in the plastics recycling sector and deliver full circularity in all four major plastics by 2025.

Viridor CEO, Kevin Bradshaw commented: “We are delighted that Viridor has become a majority stakeholder in Quantafuel. This acquisition is an important step on Viridor’s growth journey to build a truly circular plastics economy. We see the opportunity for many exciting future developments and together will help build a world where nothing goes to waste.”

Quantafuel CEO, Terje U. Eiken commented: “We have landed on a strong industrial and financial solution for Quantafuel. We are excited to be part of creating an even stronger polymer business in Viridor, which now includes chemical recycling. Together we will lead innovation within the plastics recycling sector.”

Read more in the link below 👇

https://lnkd.in/gfYyn2Pm

💪🌍♻️👏

🔊 Our plans to build a series of chemical recycling plants for plastic waste across the UK are moving on swiftly after planning permission has been granted for our first UK operation. Last night, Sunderland City Council gave the go-ahead for a new plant to be built on land at the Port of Sunderland. 🎉🎉

✅ The plant will take mixed plastic waste from across the north of England that would otherwise have been incinerated or disposed of in landfill
✅ It will create over 100 permanent jobs
✅ Construction is expected to get underway later this year, with the plant opening in 2025

Winifred Patricia Johansen, Director of Quantafuel Sunderland, says: “We’re very pleased to have secured planning permission and thank Sunderland City Council for sharing in our ambition to create a long-term, sustainable alternative to incineration and landfill for dealing with plastics.”

“We’re hoping to open similar plants across the UK but chose Sunderland as our first development as the port provides an ideal location, both for development of the plant and easy export by ship, and the city has a good, skilled workforce to draw on,” she continues.

Read the full press release here: https://lnkd.in/dJAkm6am
💪🌍♻️👏

📖 👀 💡 It was a pleasure to have Norwegian engineering magazine Teknisk Ukeblad visiting us at Skive last month! Fresh off the press today, Quantafuel features in the Climate & Environment section where our Plant Director Rasmus Hvid Kærsgaard and COO Terje U. Eiken takes the readers on a guided tour of the plant. If you wonder how our Plastic-to-Liquid process works and what we are planning in the near future, read the full article below ⬇️
(Article only available in Norwegian.)

♻️🌎♻️