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Quantafuel AS (QFUEL) announces registration of new shares from conversion of debt

Company news

2019-10-28 07:27:36

Quantafuel AS has registered 301 375 new shares, as a result of the conversion of debt owed to Vitol into equity as reported on NOTC 7 October 2019.

The new total outstanding shares in Quantafuel AS is now 10 296 603.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.

http://www.quantafuel.com  

Endring av aksje: Quantafuel AS (QFUEL)

Corporate actions

2019-10-25 13:34:03

Det er foretatt endringer i Quantafuel AS (ISIN:NO0010785967, ticker QFUEL). Aksjebeholdningen er øket fra 9 995 228 til 10 296 603.

   

Quantafuel AS (QFUEL) Intention to list on Merkur Market

Company news

2019-10-23 08:01:07

Quantafuel AS (“Quantafuel” or “the Company”) is pleased to announce that the Company has initiated a process of transferring its listing from the Norwegian OTC Market to Merkur Market under the symbol “QFUEL-ME”, subject to approval of a listing application and an admission document. Merkur Market is a multilateral trading facility owned and operated by Oslo Børs ASA.

The intended timing for the listing on Merkur Market is during the second half of November 2019. Further announcement will be made prior to the first day of trading.

“We have seen an increasingly interest for the Quantafuel share after the announcement of the investment and partnership with BASF. By listing on Merkur Market, our shares will be traded on the Oslo Børs' trading platform and thus more accessible to the investor community, comments Kjetil Bøhn, CEO of Quantafuel AS.

SpareBank 1 Markets has been engaged as Merkur Advisor in connection with the listing.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/

Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.

http://www.quantafuel.com  

Quantafuel AS (QFUEL) BASF invests in Quantafuel to jointly drive chemical recycling of mixed plastic waste

Company news

2019-10-07 12:32:34

Please find enclosed Joint Press Release from BASF and Quantafuel AS.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

http://www.quantafuel.com Press release 7 Oct 19 BASF -Quantafuel.pdf

Quantafuel AS (QFUEL) Vitol converts debt to equity in Quantafuel

Company news

2019-10-07 08:32:00

Quantafuel and Vitol have agreed that outstanding debt owed to Vitol ( USD 3,253,417.20 including accrued interest) will be converted to new equity in Quantafuel AS. After the conversion Vitol will own 301 375 shares , representing 2.9 % of the equity capital of Quantafuel AS, once the new shares have been issued and registered.

The conversion was based on a subscription price of NOK 98 per share. The increase in the Share capital is carried out through the authorisation granted the Board of Directors in the General Meeting 21 june 2019.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.

http://www.quantafuel.com  

Quantafuel AS (QFUEL) Notice of Extraordinary General Meeting

Company news

2019-09-30 13:49:33

The shareholders of Quantafuel AS are hereby invited to Extraordinary General Meeting.

Time: Monday 7 October at 11am

Location: The Company’s premises, Vollsveien 13h, 1366 Lysaker

Notice: The invitation to the Extraordinary General Meeting is distributed in writing to the shareholders’ VPS registered postal address/electronic communication, posted on the Company`s website and is also attached.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03


About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.

http://www.quantafuel.com Quantafuel - notice of EGM_191007.pdf

Quantafuel AS (QFUEL) - Quantafuel signs broad investment- and partnership- agreement with major petrochemical company

Company news

2019-09-26 08:59:18

Quantafuel has signed a broad investment- and partnership-agreement with a major petrochemical company, pending approval by an extraordinary general meeting to be held on Monday 7th of October. The partnership agreement includes among others a 20 MEUR investment (partly as a private placement and partly as a convertible bond), a development partnership to recycle mixed waste plastic to naphtha-feedstock for the petrochemical industry, Off-take from the Skive plant and an intention to build production capacity in scale.

Quantafuel will send out an invitation for an extraordinary general meeting, to seek approval for the above-mentioned agreement.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.

http://www.quantafuel.com  

Quantafuel AS (QFUEL) releases second quarter 2019 financial statement and review.

Company news

2019-09-02 08:43:47

Please find enclosed the second quarter 2019 financial statement and review for Quantafuel AS.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.

http://www.quantafuel.com QFUEL_2019 Q2 report.pdf

Quantafuel AS (QFUEL) – Ordinary general meeting

Company news

2019-06-21 12:59:33

The ordinary general meeting in Quantafuel AS was held on 21 June 2019, in Vollsveien 13h, 1366 Lysaker, Norway.

All the proposed resolutions were passed.

The minutes from the meeting is attached and available at https://quantafuel.com

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03


About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

https://quantafuel.com 190621 QF - AGM minutes_sign.pdf

Quantafuel AS (QFUEL) enters into cooperation with Avinor on the production of sustainable jet biofuel

Company news

2019-06-21 10:48:12

Avinor has entered into an agreement with Quantafuel for the purchase of sustainable jet biofuel based on Norwegian biomass. The fuel will be produced in a pilot plant partly financed by ENOVA.
To finance the development, Avinor has undertaken to buy fuel that will be produced in the plant for a total of NOK 8 million. The pilot plant is partly financed by ENOVA.

Quantafuel's jet biofuel-technology was already started in lab-scale in 2007. Since then, the company has developed a concept for a full and complete BtL process. The pilot project will give the company the necessary experience to evaluate a full-scale plant.
The raw material used in the production is solid wood in the form of chips, sawdust or other wood qualities.
Aviation in Europe is undergoing a major change due to political decisions driven by environmental considerations that materialise in new fuel-requirements that promote bio-based fuels. Quantafuel's goal is to commercialise its own developed technologies, and this project, in cooperation with strong partners in Norwegian aviation, is a leap in that direction.


For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Thomas Steenbuch Tharaldsen
CCO
+47 41 55 01 21


About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

https://quantafuel.com  

Quantafuel AS (QFUEL) Proposed private placement towards Vitol

Company news

2019-06-16 13:06:06

In the notice for the ordinary general meeting in Quantafuel AS, to be held Friday 21th of June, the board of directors have proposed that the company will run a private placement of 6-8 MUSD towards, its strategic partner, Vitol S.A, at close to market. The funds from this transaction will be dedicated to start the pre-engineering, legal processes and planning of two large scale plants, most likely to be in Belgium and Germany.

The intention behind the partnership between Quantafuel and Vitol has since the initial agreement was signed in April last year, been to establish large scale production capacity in a JV structure where Vitol has their existing infrastructure.

Because of the changes in European legislation with the implementation of RED 2 that opens for recycled hydrocarbons, and the increased focus on the environmental challenges with waste plastic, the two companies have decided to start the planning of two large production plants to maintain a first-mover advantage in a new market.

Quantafuel deeply appreciate Vitol’s willingness to fund the planning and acceleration of these two projects through a private placement, that will be done partly as conversion of the 3 MUSD in loan provided by Vitol to Quantafuel last year and new equity.

The planning process that will be conducted on a collaboration between Quantafuel, Vitol and its subsidiaries, shall prepare the basis for a final investment decision after Skive 1 is operational.


For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03


About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

http://www.quantafuel.com  

Quantafuel AS (QFUEL) Notice of Ordinary General Meeting

Company news

2019-06-14 17:19:32

The shareholders of Quantafuel AS are hereby invited to the Ordinary General Meeting.

Time: Friday 21. June at 10:00am

Location: The company’s premises, Vollsveien 13h, 1366 Lysaker

Notice: The invitation to the Annual General Meeting together with the Annual Reports is distributed in writing to the shareholders’ VPS registered postal address/electronic communication and is also attached.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03


About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

http://www.quantafuel.com QFUEL Notice OGM 210619.pdf
QFUEL - Annual Report 2018.pdf

Quantafuel AS (QFUEL) Audited Annual report for 2018 and revised result Q1 2019.

Company news

2019-06-14 17:09:46

Please find the audited financials for 2018 and revised financial result for Q1 2019.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

http://www.quantafuel.com QFUEL - Annual Report 2018.pdf
QFUEL- Financial numbers _Q4 18_audited_Q1 19_revised .pdf

Quantafuel AS (QFUEL) in several discussions of potential plants with industrial companies

Company news

2019-05-27 09:55:28

Following EUs new sustainability directive that includes recycled hydrocarbons as part of their future energy mix, Quantafuel has been approached by a number of companies within the oil, petrochemical and recycling sector in Europe and abroad.
Plastic Revolution Foundation, which is part of REV Ocean and the Aker system and is led by Erik Solheim, announced yesterday in VG that they intend to build a plastic to low carbon products facility in Ghana. This is one of the constellations Quantafuel has an ongoing dialogue with, and we look forward to receive them in Skive this week.

Quantafuel has not signed any agreement with Plastic Revolution Foundation, Aker or any affiliated companies.
Quantafuel will announce any and all new plant agreements when entered as we work diligently in finding relevant partners for our journey to become the leading producer of low carbon products and help solve the environmental threat that waste plastic represent to the oceans.


For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03


About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

https://quantafuel.com  

Quantafuel AS (QFUEL) releases first quarter 2019 financial statement and review.

Company news

2019-05-23 08:08:54

Please find enclosed the first quarter 2019 financial statement and review for Quantafuel AS.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually

http://www.quantafuel.com Quantafuel Q1 2019 report.pdf

Quantafuel AS (QFUEL) to present at the 2019 World Waste to Energy and Resources Summit.

Company news

2019-05-15 09:40:29

Quantafuel has been invited to present at the World Waste to Energy and Resources Summit in London 21-22th of May.

For more information or further comments, please contact:

Kjetil Bøhn,
Chief Executive Officer
kjetil.bohn@quantafuel.com
+47 91 57 38 18

Thomas Steenbuch Tharaldsen,
Chief Commercial Officer
thomas.tharaldsen@quantafuel.com
+47 41 55 01 21

About Quantafuel https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

http://www.quantafuel.com PRESS RELEASE_Quantafuel_2019 World Waste to Energy and Resources Summit.pdf

Quantafuel AS (QFUEL) announces cooperation with Geminor on plastic waste deliveries

Company news

2019-03-26 13:47:39

Quantafuel and Geminor have entered into an agreement to secure deliveries of raw materials to Quantafuel's plastic waste recycling plants for "low carbon products" in Europe.

For more information or further comments, please contact:

Kjetil Bøhn,
Chief Executive Officer
kjetil.bohn@quantafuel.com
+47 91 57 38 18

Thomas Steenbuch Tharaldsen,
Chief Commercial Officer
thomas.tharaldsen@quantafuel.com
+47 41 55 01 21

About Quantafuel https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

http://www.quantafuel.com PRESS RELEASE 2019 0326_Quantafuel and Geminor.pdf

Quantafuel AS (QFUEL) announces registration of new shares from private placement

Company news

2019-03-19 09:00:16

Quantafuel AS has registered 2 727 272 new shares, as a result of the private placement as reported on NOTC 18 February 2019 and approved by the Company`s extraordinary general meeting on the 25 February 2019.
The new total outstanding shares in Quantafuel AS is now 9 995 228.
For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

http://www.quantafuel.com  

Endring av aksje: Quantafuel AS (QFUEL)

Corporate actions

2019-03-19 07:31:02

Det er foretatt endringer i Quantafuel AS (ISIN:NO0010785967, ticker QFUEL). Aksjebeholdningen er øket fra 7 267 956 til 9 995 228. Emisjonsverdien er øket fra 426 116 968 til 549 737 540.

   

Quantafuel AS (QFUEL) releases fourth quarter and preliminary full year 2018 financial statement and review.

Company news

2019-02-28 13:02:25

Please find enclosed the fourth quarter and preliminary 2018 financial statement and review for Quantafuel AS.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

https://quantafuel.com/ Quantafuel Q4 2018 report.pdf

Quantafuel AS (QFUEL) – Extraordinary general meeting

Company news

2019-02-26 12:38:46

Quantafuel AS held Extraordinary general meeting on 25 February 2019.
- 1 744 022 of total 7 267 956 shares were represented, which is approximately 24% of total shares.

The proposed notice to the shareholders and the agenda was approved;

1) Private Placement
- The share capital is increased by NOK 27,272.72 and by issuance of 2,727,272 new shares, each share with a nominal value of NOK 0.01.
- Consideration per share is NOK 55.00 equal to an aggregate share contribution of NOK 149,999,960.00

2) Amendments to the articles of association
- Included as new item: §9 The negotiability of shares – the shares of the Company are freely tradable and thus, there are no right of first refusal or board consent pursuant to the Norwegian Private Limited Liabilities Act or other limitation to the negotiability of the shares in the event of transfer of shares.

3) Employee option programme
- The Company’s Board is authorised to carry out one or more capital increases for an aggregate amount of up to NOK 3,000.00 which amounts to 300,000 shares.
- The authorisation may only be used to establish or implement incentive arrangements for the employees of the company or its subsidiaries that have been approved by the board.

There was no further business on the agenda, and all items were unanimously approved by the general meeting

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

https://quantafuel.com/  

Quantafuel AS (QFUEL) successfully completes private placement

Company news

2019-02-18 11:06:57

Referring to the NOTC announcement as of 7 February 2019, regarding a contemplated private placement.

The company announces today that is has successfully raised NOK 150 million in gross proceeds through a private placement of 2,727,272 new shares at a price of NOK 55 per share. The private placement was oversubscribed and received strong support both from existing shareholders and new investors.

The private placement took place through an accelerated bookbuilding process managed by SpareBank 1 Markets AS.


For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03


About Quantafuel AS | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

https://quantafuel.com/  

Quantafuel AS (QFUEL) to offer new shares through a private placement

Company news

2019-02-07 15:01:21

Referring to the OTC announcement as of 10 January 2019, and based on feedback from pre-sounding meetings with investors, Quantafuel AS has decided to offer new shares through a private placement of an amount of NOK 100 million to NOK 150 million at an indicative price range of NOK 55-70, representing a pre-money valuation of NOK 400 million to NOK 509 million. Through the pre-sounding meetings, Quantafuel AS has received strong support from existing shareholders and also attracted interest from new investors. The minimum amount of the offering is expected to cover the completion and start-up of Skive I, Quantafuel AS’s first commercial plant, while the higher amount of the offering will also secure initiation of the Skive II project. The subscription period will commence today and is expected to close at 15 February 2019, at 16.00 CET.

For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

https://quantafuel.com/  

Quantafuel AS (QFUEL) company update

Company news

2019-01-15 22:08:00

Please see attached a Quantafuel AS (QFUEL) company update presented to potential investors in the pre-sounding meetings.
Please note both changes in management and updated financial figures and forecasts.

The Company will revert with further details on the Company’s financials and business before any subscription period for a private placement.


For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

https://quantafuel.com/ Quantafuel AS - 190115 Company update.pdf

Quantafuel AS (QFUEL) contemplating to offer new shares through a private placement

Company news

2019-01-10 10:57:20

Quantafuel AS is contemplating to offer new shares through a private placement. In this connection, pre-sounding meetings with investors will take place in the week commencing on 14 January, 2019. Based on the feedback from these meetings, the size of the placement and the indicative subscription price will be further determined. The company has retained SpareBank 1 Markets as Manager for the private placement.

The construction of Quantafuel’s first operating plant in Skive, Denmark, has recently passed 50% completion, and first oil is estimated in June 2019. Although plant CAPEX will be higher than originally budgeted, the progress of the construction work is still satisfactory and project economics remain attractive. Based on current market prices, the estimated investment pay-back period on group level for the first phase will be approximately 2,4 years from start of commercial production, while an expansion will provide an even more attractive return on investment.


For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jens Petter Broby
CFO
+47 91 54 32 03

https://quantafuel.com/  

Quantafuel AS (QFUEL) releases Q3 2018 Financial statement and review

Company news

2018-11-30 10:12:54

Please find enclosed the unaudited Q3 2018 Financial statement and review for Quantafuel AS.


For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18

Jørgen Færevaag
CFO
+47 99 64 91 73

https://quantafuel.com/ Quantafuel AS Q3 2018 Financial statement and review.pdf

Quantafuel AS (QFUEL) releases Q2 2018 Financial statement and review

Company news

2018-08-30 11:19:19

Please find enclosed the unaudited Q2 2018 Financial statement and review for Quantafuel AS.

For further information, please contact:
Kjetil Bøhn, CEO - Tel: +47 91 57 38 18
Jørgen Færevaag, CFO - Tel: +47 99 64 91 73

https://quantafuel.com Quantafuel AS Q2 2018 Financial statement and review.pdf

Quantafuel AS (QFUEL) announces registration of new shares from convertible loans

Company news

2018-08-07 13:58:30

Quantafuel AS has registered 1 001 530 new shares, as a result of conversion of convertible loans, as reported at registration on NOTC 18.06.2018.
The new total outstanding shares in Quantafuel AS is now 7 267 956.

https://quantafuel.com  

Endring av aksje: Quantafuel AS (QFUEL)

Corporate actions

2018-08-07 13:55:46

Det er foretatt endringer i Quantafuel AS (ISIN:NO0010785967, ticker QFUEL). Aksjebeholdningen er øket fra 6 266 426 til 7 267 956.

   

Minutes from the Extraordinary General Meeting of Quantafuel AS (QFUEL)

Company news

2018-06-28 14:45:49

Please find attached the minutes from the Extraordinary General Meeting of Quantafuel AS held 27 June 2018.

https://quantafuel.com Quantafuel AS - Minutes of EGM 27 June 2018.pdf

QFUEL: Quantafuel AS is registered on the NOTC-list

Company news

2018-06-18 21:59:02

Quantafuel AS is registered on the NOTC-list as of 19 June 2018 with ticker code “QFUEL”. The Company has issued 6,266,426 common shares each with a par value NOK 0,01 all of which are registered in VPS with ISIN code NO0010785967. Furthermore, the Company on 5 June resolved to increase the number of issued shares to a total of 7,267,956 shares by conversion of debt. This increase is currently being registered. Based on the last share issue completed on 14 June 2018, the market capitalization of the Company is NOK 426,116,968 (NOK 68 per share), and after the debt conversion, the market capitalization will be NOK 494,221,008 (NOK 68 per share). The Company has entered into an agreement with NOTC AS whereby it will be able to use the reporting system as of 19 June 2018.
Quantafuel’s business is to build, own and operate small plants converting plastic waste into environmentally friendly, synthetic diesel sold in the regular diesel market. The company has invented a unique catalyst technology enabling low-carbon diesel production directly from plastic waste in small plants. Quantafuel has an agreement with Vitol which secures attracting offtake, logistics and finance.

The first commercial plant in Skive, Denmark, is currently under construction with first oil expected in Q1 2019.

Please see attached Company Presentation.

https://quantafuel.com/ 180618 Quantafuel Company Presentation[1].pdf