OSLO: Quantafuel AS has signed a contract with Grønt Punkt Norge for up to 10,000 tons of waste plastic. The waste plastic will be chemically recycled at Quantafuel’s plant in Skive, Denmark, and further processed into new plastic materials by the chemical industry leader BASF.

The Norwegian Environment Agency (Miljødirektoratet) has confirmed that the Quantafuel technology for chemical recycling qualifies as material recycling.  Following this agreement, Quantafuel will receive payment for the Grønt Punkt Norge waste plastic.

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.