Investors / Investment case

Plastic waste, biomass, stranded gas and flared gas are unused resources causing huge environmental and financial problems. Quantafuel turns these problems into a profitable business proposition by producing environmentally friendly, clean and low-cost synthetic diesel.

If you want to know more about Quantafuel as an investor or partner, please email us at: ir@quantafuel.com.

Quantafuel is based in Norway drawing on 50 years of industry experience and 8 years of technological development.

Financial and regulatory news

Quantafuel AS (NOTC: QFUEL) is a Norwegian technology based energy company converting under-utilised hydrocarbon resources into high-quality fuel products.

Quantafuel establishes plastic recycling line in Norway  

Quantafuel ASA has acquired a 49% stake in Replast AS, a leading provider of mechanical sorting and recycling solutions based in Kristiansund, Norway, to build production capacity for chemical recycling of mixed waste plastic at the same production site.

Quantafuel´s chemical recycling technology is complementarity with mechanical recycling solutions and has the capability of processing post-consumer fractions that until now have been difficult or impossible to recycle. By combining these two technologies in one production facility, Quantafuel will secure the most efficient and highest possible recycling rate and the supply and control of feedstock for a new chemical recycling plant in Norway.

The parties have the ambition to gradually build out a total processing capacity of 20,000 – 30,000 ton per year over the next 18 months in Kristiansund and use the set-up as a model for a potential Scandinavian roll-out.

New share capital and conversion to public limited company registered

Reference is made to the stock exchange notice by Quantafuel AS (the “Company”) regarding the Extraordinary General Meeting held on 3 July 2020 (the “EGM”), including the approval by the EGM of a share capital increase by a fund issue and a 1:10 split of the Company’s shares, as well as of the conversion of the legal form of the Company from a private limited liability company to a public limited liability company. The new share capital and the new number of shares, as well as the conversion of legal form and the corresponding change of the Company’s name, have now been registered with the Norwegian Register of Business Enterprises. Share capital: NOK 1,256,635.50 Number of shares: 125,663,550 Par value of each share: NOK 0.01 New name of the Company: Quantafuel ASA The Company’s shares will be traded ex split as from Tuesday 7 July 2020.

Extraordinary General Meeting – Minutes

Please find attached the minutes from the Extraordinary General Meeting (EGM) of Quantafuel AS held today, 3 July 2020. All resolutions were approved as proposed by the Board of Directors, including inter alia the election of Kasper Trebbien as a new member of the company’s Board of Directors, the conversion of the company to a public limited liability company (ASA) and the 1:10 split of the company’s shares.

Download PDF Minutes of EGM 03 July 2020

Extraordinary General Meeting – Notice

Please find attached the notice for the Extraordinary General Meeting (EGM) of Quantafuel on 3 July 2020 at 11:00 (CET). Due to the restrictions imposed or urged by the Norwegian authorities to decrease the spread of the coronavirus, shareholders are urged to grant the Chair of the Board an authorisation with or without voting instructions. The notice for the EGM includes the Board’s proposed resolutions, notice of attendance and proxy forms.

Notice of EGM

Articles of association

KIRKBI invest in Quantafuel

KIRKBI A/S and Quantafuel AS today announced that KIRKBI, the Kirk Kristiansen family’s private holding and investment company, invests NOK 250 million into Quantafuel, a technology-based energy company converting plastic waste into low-carbon synthetic oil products and new high-value quality materials.

Reference is made to the notice to the stock exchange on 12 May 2020, referring to Quantafuel’s signed Memorandum of Understanding “MoU” with an undisclosed strategic investor. In the notice, Quantafuel informed that the agreement with the strategic investor was agreed in a valuation range above closing price on Friday 8 May 2020. The investment is made as a private placement towards KIRKBI at NOK 180 per share. This represents a premium of 20% to the closing price of NOK 150 on Friday 8 May 2020.

In addition to Quantafuel’s cooperation with its existing partners, BASF and Vitol, KIRKBI has entered into an agreement to invest in Quantafuel and support the company’s ambition to further improve chemical recycling and showcase how mixed plastic waste can be recycled into new high-value quality materials. Together with its partners and investors, Quantafuel wishes to demonstrate that chemical recycling is a sustainable and viable option to the global community and a technical solution suited for global scale.

Download PDF

Annual General Meeting 2020  – Minutes

Please find attached the minutes from the Annual General Meeting (AGM) of Quantafuel on 12 June 2020.

Download PDF

All resolutions were approved as proposed by the Board of Directors. For further queries, please contact:

Kjetil Bøhn, CEO +47 91 57 38 18  Kristian Flaten, CFO +47 95 09 23 22

Annual General Meeting 2020 – Notice

Please find attached the notice for the Annual General Meeting (AGM) of Quantafuel on 12 June 2020 at 11:00 (CET), as well as recommendations by the Nomination Committee.

Due to the restrictions imposed or urged by the Norwegian authorities to decrease the spread of the coronavirus, shareholders are urged to grant the Chair of the Board an authorisation with or without voting instructions.

The notice for the AGM includes the Board’s proposed resolutions, notice of attendance and proxy forms.

Download PDF AGM

Download PDF Nom-Com

Quantafuel AS | First quarter results 2020

Despite challenging times, Quantafuel has managed to keep reasonable progress in the last testing phase in Skive, and we are now running final hot commissioning of the plant. In parallel, Quantafuel is preparing for a major roll-out of capacity after start of commercial operations in Denmark.

Highlights:

  • Skive commissioning in final stage before production start-up
  • Preparing roll-out of new facilities at key strategic locations
  • Collaboration agreement with BASF
  • MOU with strategic investor contemplating an equity investment
  • Commercial study with Equinor

The Skive project is just weeks away from starting production of low-carbon products from mixed, plastic waste that will be transported to BASF in Germany and used to produce new plastic. The project has experienced further delays during Q1 2020 due to the outbreak of Covid-19, adding to the existing challenges related to changes and adjustments during commissioning. This has resulted in an increase in commissioning costs of NOK 36 million compared to the preliminary 2019 figures. In accordance with the relevant accounting standards, this has been included in the audited consolidated financial statements for 2019.

Following the investment agreement with BASF in Q3 2019, Quantafuel and BASF has on 20 March 2020 signed a collaboration agreement which includes among others a cooperation on technology development.

On 12. May 2020, Quantafuel announced the signing of a MoU with an undisclosed strategic investor contemplating an equity investment in Quantafuel. This is a potential partner that is not within the petrochemical industry, but rather brings complimentary and ancillary business to our existing relationships, and hence will help us close the loop on chemical recycling and fasten the process of getting new legislation implemented. The agreement is signed in understanding and with the support of existing strategic investors, BASF and Vitol. We expect to present final terms and conditions for the transaction by the end of June this year.

Please see the attached Q1 2020 report for the consolidated financial statements of Quantafuel. Download PDF

Annual Report 2019

Please find attached Quantafuel’s Annual Report 2019 Download PDF

Press Release May 13 2020

Commercial study with Equinor  Download PDF

Press Release May 12 2020

Strategic investor Download PDF

Press Release April 16 2020

Strengthening of the management team Download PDF

Quantafuel update information March 30 2020

Download information

Press Release March 27 2020

Invitation to presentation Download PDF

Press Release March 23 2020

Quantafuel and BASF summary collaboration agreement Download PDF

Press Release March 20 2020

Quantafuel and BASF collaboration agreement Download PDF

Press Release March 05 2020

Quantafuel and BASF reach principle agreement Download PDF

Presentation Quantafuel – 4Q

Fourth quarter 2019 – Download presentation

Financial statement review

Fourth quarter 2019 – Download PDF

Press Release Feb 26 2020 

Skive Plant update, Corona virus – Download PDF

Oslo Børs Feb 20 2020 

Stock-listing on Merkur Market Quantafuel Merkur Market

Photo: Audun Braastad / NTB

Press Release

Skive Plant update, stock- listing on Merkur Market and Status of Chemical Recycling Jan 24 2020Download PDF

Press Release

GreenLab Skive Jan 6 2020Download PDF

Joint Press Release

Quantafuel & Geminor Dec 10 2019Download PDF

Financial statement review

Third quarter 2019Download PDF

Joint Press Release 

QuantaFuel & BASF Oct 7 2019 – Download PDF

Extraordinary General Meeting 2019

Notice – Download PDF

Pareto Oil & Gas Conference

Presentation 2019 – Download PDF

Financial statement and review

Second quarter 2019 – Download PDF

Ordinary General Meeting 2019

Minutes from the ordinary general meeting 2019 – Download PDF

Financial numbers

Audited Q4 2018 and revised Q1 2019Download PDF

Ordinary General Meeting 2019

Notice – Download PDF

Annual Report

2018 – Download PDF

Financial statement and review

First quarter 2019 – Download PDF

Financial statement and review

Fourth quarter 2018 – Download PDF

Financial statement and review

Third quarter 2018 – Download PDF

Press Release Feb 26 2020 

Skive Plant update, Corona virus – Download PDF

Oslo Børs Feb 20 2020 

Stock-listing on Merkur Market Quantafuel Merkur Market

Photo: Audun Braastad / NTB

Press Release

Skive Plant update, stock- listing on Merkur Market and Status of Chemical Recycling Jan 24 2020Download PDF

Press Release

GreenLab Skive Jan 6 2020Download PDF

Joint Press Release

Quantafuel & Geminor Dec 10 2019Download PDF

Financial statement review

Third quarter 2019Download PDF

Joint Press Release 

QuantaFuel & BASF Oct 7 2019 – Download PDF

Extraordinary General Meeting 2019

Notice – Download PDF

Pareto Oil & Gas Conference

Presentation 2019 – Download PDF

Financial statement and review

Second quarter 2019 – Download PDF

Ordinary General Meeting 2019

Minutes from the ordinary general meeting 2019 – Download PDF

Financial numbers

Audited Q4 2018 and revised Q1 2019Download PDF

Ordinary General Meeting 2019

Notice – Download PDF

Annual Report

2018 – Download PDF

Financial statement and review

First quarter 2019 – Download PDF

Financial statement and review

Fourth quarter 2018 – Download PDF

Financial statement and review

Third quarter 2018 – Download PDF

Press Release

GreenLab Skive Jan 6 2020Download PDF

Joint Press Release

Quantafuel & Geminor Dec 10 2019Download PDF

Financial statement review

Third quarter 2019Download PDF

Joint Press Release 

QuantaFuel & BASF Oct 7 2019 – Download PDF

Extraordinary General Meeting 2019

Notice – Download PDF

Pareto Oil & Gas Conference

Presentation 2019 – Download PDF

Financial statement and review

Second quarter 2019 – Download PDF

Ordinary General Meeting 2019

Minutes from the ordinary general meeting 2019 – Download PDF

Financial numbers

Audited Q4 2018 and revised Q1 2019Download PDF

Ordinary General Meeting 2019

Notice – Download PDF

Annual Report

2018 – Download PDF

Financial statement and review

First quarter 2019 – Download PDF

Financial statement and review

Fourth quarter 2018 – Download PDF

Financial statement and review

Third quarter 2018 – Download PDF

Press Release

GreenLab Skive Jan 6 2020Download PDF

Joint Press Release

Quantafuel & Geminor Dec 10 2019Download PDF

Financial statement review

Third quarter 2019Download PDF

Joint Press Release 

QuantaFuel & BASF Oct 7 2019 – Download PDF

Extraordinary General Meeting 2019

Notice – Download PDF

Pareto Oil & Gas Conference

Presentation 2019 – Download PDF

Financial statement and review

Second quarter 2019 – Download PDF

Ordinary General Meeting 2019

Minutes from the ordinary general meeting 2019 – Download PDF

Financial numbers

Audited Q4 2018 and revised Q1 2019Download PDF

Ordinary General Meeting 2019

Notice – Download PDF

Annual Report

2018 – Download PDF

Financial statement and review

First quarter 2019 – Download PDF

Financial statement and review

Fourth quarter 2018 – Download PDF

Financial statement and review

Third quarter 2018 – Download PDF

Financial statement and review

Second quarter 2018 – Download PDF