Press release -
Quantafuel is nominated for the Danish Plastics Federation’s Plastic Award 2022
Quantafuel is delighted to have reached the shortlist as one of five nominees for the prestigious award.
Today, the Danish Plastics Federation announced that Quantafuel has been shortlisted as one of five nominees for its annual Plastic Award 2022 (Plastprisen 2022). Quantafuel, which recently reached Proof-of-Concept (PoC) at its plant in Skive in Denmark, was nominated by its strategic partner, German chemical company BASF.
“Quantafuel’s recycling plant in Skive transforms mixed household plastic waste into an oil that we at BASF can use to produce new products. The oil is used to produce new, high-quality products like food packaging and cases to store medicine. When we recycle instead of incinerating, we have a substitute for fossil oil and reduce CO2 emissions by up to 50%. What Quantafuel has achieved in Skive plays an important part in the green transition, which extends beyond Denmark’s borders. We are very happy that Quantafuel is among the five nominees for the prize,” says Mark Meier, Managing Director and Vice President of BASF in the Nordics and Baltics.
“This is very exciting news. The fact that we have been shortlisted for this prize clearly underlines the importance of what we do. Quantafuel is now taking a lead position in the Danish waste market. Our Esbjerg development will be a game-changer and a major contributor for Denmark to reach its ambitious recycling targets. We are also strengthening our presence in Denmark with our pre-treatment line in Aalborg to secure feedstock for our plant in Skive and in Esbjerg. We have some very exciting times ahead. I have to thank BASF for such a great endorsement,” says Lars Rosenløv, Quantafuel’s CEO.
High-quality plastic products
The pyrolysis technology upgrades plastic waste into virgin grade pyrolysis oil, as the polymers are broken down to their original oil-based building blocks in the process.
All of the oil that Quantafuel produces at Skive serves as a substitute feedstock for fossil oil and is sent to our strategic partner BASF. BASF uses the pyrolysis oil in the production of CcycledTM products. The share of recycled raw materials is allocated to the individual product according to a certified mass balance scheme. BASF’s customers use these products to manufacture a broad variety of high-quality plastic products ranging food packaging (transport boxes for Norwegian salmon and sausage packaging in Germany) to thermal boxes for temperature-sensitive medicines like Covid vaccines that must be kept at -20 to -70°C degrees during transport.
Supporting ambitious recycling targets
Chemical recycling technology is complementary to mechanical recycling and will foster an increase of the overall volumes of recycled plastics. Together, the recycling technologies will support the ambitious EU-target to recycle 50% of plastics by 2025.
From a climate and sustainability point of view, chemical recycling of mixed plastic waste compares to mechanical recycling but saves up to 50% CO2 compared to incineration. This is documented in Life Cycle Analyses (LCA’s). Furthermore, the recycling facility in Skive is certified according to the stringent sustainability certification systems ISCC Plus and REDcert2. This is also an achievement which underlines the quality of the entire production process at Skive.
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.
