Quantafuel confirms Skive timeline towards full production capabilityQuantafuel’s Skive plant moves steadily towards commercial production by running each of the operational lines at high load for three to five days at a time, proving the technical capability of our process and systems. In mid Q4 2021, the
Skive plant will undergo upgrades allowing for stable, long-term commercial production.
The latest developments at Skive prove Quantafuel’s capability to recycle consumer plastic waste into chemical products, thereby reducing the consumption of virgin oil and closing the circular economy loop. “We are making good progress and are confident that we have the knowledge and experience to reach our goals at Skive. We are working on removing the last known obstacle preventing long-term stable production. Together with our
industrial partners we have concluded on the right equipment to solve this issue, and installation will take place during the Q4 turnaround. Despite delays, the many learnings we’ve acquired are key for us to maintain a lead position in shaping the chemical recycling market for plastic,” says Quantafuel’s interim CEO Terje Eiken.
After installation of the new equipment, Quantafuel is confident in reaching desired production stability, enabling Proof-of-Concept around year-end and thereafter full production capability.
“We understand and appreciate the high interest from our dedicated shareholders and I would like to underline that we are 100% dedicated to creating value for them, as well as for making a difference for the environment,” says Eiken. “We are very grateful for the strong support from our three strategic partners.
The dedicated support team working closely with our teams in Oslo and at Skive, sharing best practice within plant design, operation and maintenance, is invaluable,” continues Eiken.