Press release -
Quantafuel is awarded NOK 13.7 million from The Norwegian Research Council
Today, Quantafuel is happy to announce that we have been awarded funding from The Norwegian Research Council (Forskningsrådet) to further develop chemical recycling of plastic waste into low-carbon synthetic oil products replacing fossile oil feedstock.
The funds will be applied in Quantafuel’s Innovation Hub at NTNU named “Chemical Conversion of Waste”. This partnership was formally launched in October this year with NTNU’s Department of Chemical Engineering to continue the optimisation of Quantafuel’s Plastic-to-Liquid technology offerings.
The Department of Chemical Engineering at NTNU has strong expertise in catalysis, and reactor and process engineering. With this academic partnership, Quantafuel aims to continue developing efficient catalysts and an integrated pyrolysis process for recycling of a broad spectrum of mixed plastic wastes to optimise the pyrolysis oil.
“Thanks to the fund from The Norwegian Research Council, we will be able to increase our research impact. This will be a significant help in creating the innovative solutions for today’s challenges that we aim for in our partnership with NTNU. We see this funding as a confirmation of the Innovation Hub and together we will work towards increasing the recycling rates of plastic waste and contribute to reducing CO2 emissions,” says Quantafuel’s Chief Commercial Officer Chris Lach, pictured below (second from right) at the opening of the Innovation Hub in October 2021.
All photos by Kim Ramberghaug
Quantafuel is a Norwegian technology-based recycling company with the purpose of ending wasteful and unsustainable handling of our planet's resources. Drawing on more than ten years of development, Quantafuel converts waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel aims to rapidly build up production capacity on a global scale and to have a meaningful impact on one of our time's most pressing environmental challenges.