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.
For further queries, please contact:
Lars Rosenløv, CEO +47 93018040
Kristian Flaten, CFO +47 95092322
About Quantafuel | https://quantafuel.com
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.