Quantafuel and Eurazeo announce joint venture for sorting facili
QFUEL: Quantafuel ASA | Quantafuel and Eurazeo announce joint venture for sorting facility in Denmark
24.5.2022 16:03 • Oslo Børs •
Kopier link
Plastic recycling specialist Quantafuel and Eurazeo have today signed a joint
venture agreement for the Esbjerg sorting facility, which will be the largest of
its kind in Denmark. The agreement remains subject to governmental approvals and
antitrust clearance.
Quantafuel and Eurazeo are today pleased to announce their binding agreement for
the development and operation of a 50/50 joint venture for a plastic waste
sorting plant in Esbjerg, Denmark. A game-changer for the plastic waste market
in Denmark, the sorting facility is expected to be operational during the second
half of 2023 and to significantly contribute to the EU and Denmark's recycling
targets. With over 50% of Danish plastic waste currently sent to incineration,
the plant will contribute significantly to reducing CO2 emissions.
To establish the joint venture, Eurazeo through Eurazeo Transition Infrastrcture
Fund will acquire 50% of the shares in Quantafuel's wholly owned subsidiary
Quantafuel Esbjerg Aps, which will develop and operate the plastic waste sorting
plant in Esbjerg.
The plant will be the largest of its kind in Denmark and consist of a
state-of-the-art high-tech sorting system separating the plastic waste into mono
fractions suitable for selling to all types of recycling facilities, including
mechanical and chemical recycling.
"Today we have made a very important step in Quantafuel's growth plans. We are
thrilled to have a partner like Eurazeo whose goal is to invest responsibly and
laying the foundation for a sustainable future. Esbjerg is a strong investment
case and this is a unique opportunity to capitalise on a significant untapped
potential in the Danish market. The partnership with Eurazeo proves the
increased financing capabilities of Quantafuel. As Quantafuel keeps growing, we
are also widening the sources of financing," says CEO of Quantafuel, Lars
Rosenløv.
"We are progressing well on the project
https://newsweb.oslobors.no/message/563213
24.5.2022 16:03 • Oslo Børs •
Kopier link
Plastic recycling specialist Quantafuel and Eurazeo have today signed a joint
venture agreement for the Esbjerg sorting facility, which will be the largest of
its kind in Denmark. The agreement remains subject to governmental approvals and
antitrust clearance.
Quantafuel and Eurazeo are today pleased to announce their binding agreement for
the development and operation of a 50/50 joint venture for a plastic waste
sorting plant in Esbjerg, Denmark. A game-changer for the plastic waste market
in Denmark, the sorting facility is expected to be operational during the second
half of 2023 and to significantly contribute to the EU and Denmark's recycling
targets. With over 50% of Danish plastic waste currently sent to incineration,
the plant will contribute significantly to reducing CO2 emissions.
To establish the joint venture, Eurazeo through Eurazeo Transition Infrastrcture
Fund will acquire 50% of the shares in Quantafuel's wholly owned subsidiary
Quantafuel Esbjerg Aps, which will develop and operate the plastic waste sorting
plant in Esbjerg.
The plant will be the largest of its kind in Denmark and consist of a
state-of-the-art high-tech sorting system separating the plastic waste into mono
fractions suitable for selling to all types of recycling facilities, including
mechanical and chemical recycling.
"Today we have made a very important step in Quantafuel's growth plans. We are
thrilled to have a partner like Eurazeo whose goal is to invest responsibly and
laying the foundation for a sustainable future. Esbjerg is a strong investment
case and this is a unique opportunity to capitalise on a significant untapped
potential in the Danish market. The partnership with Eurazeo proves the
increased financing capabilities of Quantafuel. As Quantafuel keeps growing, we
are also widening the sources of financing," says CEO of Quantafuel, Lars
Rosenløv.
"We are progressing well on the project
https://newsweb.oslobors.no/message/563213
Nanoq
24.05.2022 kl 16:26
1833
Veldig positiv nyhet!!! Så er det i hvertfall rikelig med penger til å etablere en stor, super moderne plastsorteringsfabrikk i Esbjerg.
Hva/hvem er Eurazeo?
€32 billion in Assets Under Management (AuM) as of 19/05/2022
https://www.eurazeo.com/en/group/eurazeo-investment
Hva/hvem er Eurazeo?
€32 billion in Assets Under Management (AuM) as of 19/05/2022
https://www.eurazeo.com/en/group/eurazeo-investment
Nanoq
24.05.2022 kl 17:27
1741
Kommentaren fra EURAZEO vedr. dagens Quantafuel-Eurazeo JV-nyhet gir stoff til positiv ettertanke:
...Martin Sichelkow, Eurazeo’s Managing Director of the Infrastructure team, added:
“We are thrilled to partner with a like-minded, visionary and best-in-class
company such as Quantafuel that is built around ESG & sustainability
fundamentals fully aligned with our Article-9 Eurazeo Transition Infrastructure
Fund.
By providing a local solution for plastic sorting to municipalities and
industrial companies, we will allow for improved traceability of all waste
received and treated. For current and future generations, it is paramount that
industry and finance team up to reduce the carbon footprint of plastic waste and
contribute to a circular economy. This project epitomises that ethos.
We are proud to be part of it and hope it is the start of a longer and wider
collaboration with Quantafuel.”
Og ja, dette framtidige samarbeidet kan jo f. eks. handle om JV-PtL-fabrikker med disse to. Absolutt et sannsynlig scenario.
https://newsweb.oslobors.no/message/563213
...Martin Sichelkow, Eurazeo’s Managing Director of the Infrastructure team, added:
“We are thrilled to partner with a like-minded, visionary and best-in-class
company such as Quantafuel that is built around ESG & sustainability
fundamentals fully aligned with our Article-9 Eurazeo Transition Infrastructure
Fund.
By providing a local solution for plastic sorting to municipalities and
industrial companies, we will allow for improved traceability of all waste
received and treated. For current and future generations, it is paramount that
industry and finance team up to reduce the carbon footprint of plastic waste and
contribute to a circular economy. This project epitomises that ethos.
We are proud to be part of it and hope it is the start of a longer and wider
collaboration with Quantafuel.”
Og ja, dette framtidige samarbeidet kan jo f. eks. handle om JV-PtL-fabrikker med disse to. Absolutt et sannsynlig scenario.
https://newsweb.oslobors.no/message/563213
Sickip
24.05.2022 kl 23:22
1523
Qfuel blir stadig mer robust og vi nærmer nok en reprising snart… Bare å kjøpe opp på disse lave nivåer. Markedet trakk oå skuldrene av nyheten i dag, men tipper en liten boost i morgen. Tillykke med den gode nyheten medaksjonerer. Shorterne må begynne å vurdere å dekke inn før pengene ryker…