- Viridor acquired Quantafuel for approximately £90m in February.
- Quantafuel's delisting from Euronext Growth occurred on 7th February.
- Viridor aims for full circularity in all four major plastics by 2025.
- Quantafuel converts waste plastics into low-carbon synthetic oil products.
Acquisition Details
Viridor has taken full ownership of Quantafuel following the delisting of Quantafuel AS from the Oslo Stock Exchange on 7th February. The acquisition was completed for approximately £90 million.
Strategic Goals
This acquisition aligns with Viridor's strategic goal to lead innovation in the plastics recycling sector and achieve full circularity in all four major plastics by 2025. Quantafuel's technology plays a crucial role in this vision.
Technological Integration
Quantafuel's plastics-to-liquids process converts waste plastics into raw materials comparable to virgin fossil oil-derived products. These materials can be used in the chemicals industry for producing new plastics, addressing the challenge of recycling plastic films and producing recycled food-grade plastic films.
Operational Impact
Viridor's Avonmouth facility exemplifies the company's commitment to a circular plastics economy, converting over 1 billion bottles annually. The integration of Quantafuel enhances Viridor's capabilities in continuous plastics recycling.
Environmental Goals
Quantafuel aims to expand its production capacity globally, contributing to the reduction of wasteful and unsustainable resource handling. The company's technology supports the creation of low-carbon synthetic oil products, replacing virgin oil products and addressing pressing environmental challenges.
