Viridor takes full ownership of Quantafuel AS as it delists from Oslo Stock Exchange

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Viridor takes full ownership of Quantafuel AS as it delists from Oslo Stock Exchange

Viridor has assumed full ownership of Quantafuel as the Oslo Stock Exchange delisted Quantafuel AS’ shares from Euronext Growth on 7th February. This marks a significant moment as the company transitions into a new era under Viridor's complete ownership.

Lee Hodder, Managing Director of Viridor Polymers said: "This occasion signifies the beginning of an exciting new chapter. Quantafuel's integration into Viridor Polymers solidifies our position as a key player in the polymers reprocessing sector and underscores our shared commitment to driving innovation and creating a circular plastic economy."

Viridor's strategic acquisition of Quantafuel aligns with its ambitious goal to spearhead innovation in plastics recycling and achieve full circularity across all four major plastics by 2025.

Quantafuel’s plastics to liquids process converts waste plastics into a raw material, comparable to virgin fossil oil derived refined products. This material can be used in the chemicals industry for the production of new plastics.

Quantafuel’s process tackles the challenge of recycling plastic films, providing a sustainable solution for recovering, recycling, and producing recycled food-grade plastic films. Viridor's dedication to establishing a fully circular plastics business by 2025 is demonstrated by the Avonmouth facility, which converts over 1 billion bottles annually.

The acquisition enhances Viridor's capabilities and advances the journey towards continuous plastics recycling.

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.

Contacts

Astrid Mannion-Gibson

Astrid Mannion-Gibson

Press contact Head of Communications +47 46632010

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