Press release -
Skive plant has started production from line three
Quantafuel can report that the third production line at its Skive plant was completed on 30th of June and has over the last days started commercial production. Ongoing operations are currently facing increased costs of operation and lower margins.
“The Skive plant is moving steadily towards completion of all our four production lines with the third production line now in operation. The onboarding of the fourth production line is targeted for early fourth quarter,” says Quantafuel’s CEO Lars Rosenløv.
The third production line is the first heated with gas produced in the pyrolysis process, i.e. NCG or non-condensable gas. The remaining lines will be upgraded this autumn to run on NCG as well.
“Running on NCG minimises the demand for external energy and provides significant cost savings for Quantafuel,” he continues.
Pressure on operating costs
“Our focus for the Skive plant has been on increasing production capacity and stable production. We are exposed to prevailing general market conditions with pressure on key cost drivers like natural gas, electricity, feedstock, as well as disposal costs. We are also exposed to a contractual fixed oil off-take price at the moment but are discussing this with our off-take partner. We will renegotiate prices and take other improvement measures maintaining long-term operating margins in line with our guiding,” says Rosenløv.
The focus on high regularity and stable throughput at Skive continues, as well as the ability to process a variety of plastic qualities. The Skive plant is the first of its kind. Quantafuel processes plastic from mixed household waste, including waste contaminated with biological material. The Skive plant continues to produce oil within product specifications, confirming Quantafuel’s chemical recycling process.
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.
