Partners Quantafuel

Our partners

Our partners are our allies. We share the same goal of increasing the recycling yield, making plastic waste part of the circular economy.

Quantafuel welcomes new partners who are determined to go the extra mile to find and deploy sustainable solutions for a cleaner tomorrow.


The investment underlines BASF’s commitment towards a sustainable use of resources and the development of a circular economy model for plastics.

– Hartwig Michels, President Petrochemicals, BASF



  • BASF is the world’s largest chemical group – headquartered in Ludwigshafen, Germany

  • Has an offtake contract for chemical raw materials from Skive

  • Extensive partnership related to developing technology within chemical recycling

  • On-site partnership in Skive

  • Partner for future plants

  • BASF has a stated strategy and plan for the work with chemical recycling of plastic

  • BASF has a plan and vision of increasing the proportion of recycled plastic in products to its customers using a chemical recycling technology. They want to replace as much as possible of the 20 million tons of oil they currently use in production

  • BASF is highly committed to the work of developing good models for life cycle analyses and transparent and verifiable documentation of the positive environmental impacts of chemical recycling

“The investment underlines BASF’s commitment towards a sustainable use of resources and the development of a circular economy model for plastics,” says Hartwig Michels, President Petrochemicals, BASF. Moreover, the partnership is a first step to building a broad supply base for Chemcycled products. This enables us to support our customers in achieving their sustainability targets.”


DUBAL Holding

DUBAL Holding LLC, a 100% subsidiary of Investment Corporation of Dubai (ICD), is an investment holding company focused on Utilities, Non Ferrous Metals, Recycling & Industrial products to support the industrialization in UAE through localization initiatives.



Eurazeo is a leading global investment company, with a diversified portfolio of €32 billion in assets under management, including nearly €23.2 billion from third parties, invested in 530 companies. With its considerable private equity, venture capital, private debt as well as real estate and infrastructure asset expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 360 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.
Eurazeo Transition Infrastructure Fund is managed by Eurazeo Infrastructure Partners
Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore and Sao Paulo.
Eurazeo is listed on Euronext Paris.



Saipem is an advanced technological and engineering platform for the design, construction and operation of safe and sustainable complex infrastructure and plants. Saipem has always been oriented towards technological innovation and is currently committed, alongside its clients, on the frontline of energy transition with increasingly digitalised tools, technologies and processes that were devised from the outset with environmental sustainability in mind. It is listed on the Milan stock exchange and operates in 70 countries around the world with 32 thousand employees from 130 different nationalities.



Vitol is a leader in the energy sector with a presence across the energy spectrum, from oil through to power, renewables and carbon. 

Vitol trades 8 million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes. Vitol’s clients include national oil companies, multinationals, leading industrial companies and utilities. The company serves clients from some 40 offices worldwide and is invested in energy assets globally including approximately 16 million of storage globally, 480 kbpd of refining capacity, 7,000 service stations and a growing portfolio of transitional and renewable energy assets. Revenues in 2019 were USD 225 billion.


VTTI is one of the world’s fastest growing storage providers for energy and other essential products. VTTI currently offers over 10 million cubic metres of combined storage capacity across five continents. VTTI’s terminals are strategically located at major shipping crossroads of the globe as well as in locations that are supply gateways to or from specific markets.


Geminor is one of the leading companies in Northern Europe specialising in the supply of waste products to recycling and energy recovery, and handles over 1,400,000 tonnes of material per annum, servicing over 150 supply contracts withing recycling and waste to energy facilities across Europe.

Geminor’s head office is in Norway, supported by permanent offices in the UK, Finland, Denmark, Sweden, France, Germany and Poland. Geminor provides Quantafuel with a stable, flexible and competitive feedstock and logistic solutions.

Quantafuel’s strategic partnership with Geminor is an open invitation to the EU waste industry to join us in developing and increasing the plastic waste recycling market. 

We are pleased to announce our collaboration with VTTI and Vitol. Amsterdam and Antwerp are both key locations for energy handling in Europe, where VTTI already operates state-of-the-art logistic facilities and has in-depth knowledge of establishing new processing capacity.



Grønt Punkt Norge AS 

Grønt Punkt Norge AS (“Green Dot Norway plc”) is a privately-owned non-profit company responsible for financing the recovery and recycling of used packaging on behalf of the industrial sector.

Quantafuel and GPN have a solution-oriented partnership to increase the material recycling rate in Norway by way of chemical recycling.

Agreement on the delivery and receipt of up to 10,000 tonnes of plastic waste from households. 

Together, GPN and Quantafuel have worked to define chemical recycling as material recycling on an equal footing with mechanical material recycling. This has been accepted by the Norwegian Environment Agency and is now emerging as a pioneer case for other Green Dot organisations in Europe.

  • Access to Norwegian household plastic waste (where the waste originates).

  • Chemical recycling of plastic that would otherwise be sent for incineration (increase recycling rate/save lost plastic/upcycle).

  • Contributes to increasing the rate of material recycling in Norway through the establishment of a chemical material recycling value chain. 

  • A material flow analysis is carried out that follows the plastic from the point it becomes waste to a new chemical raw material and plastic once again. 

  • CO2 footprint, etc. is measured in the analysis. This is carried out by the renowned company NorSus (formerly Østfoldforskning). Such analyses have never previously been carried out in Europe, and will provide good insights into the value chain and utilisation rate when using chemical recycling.

“This is a pioneering project in chemical recycling and will show Europe how to achieve the ambitious targets set in the EU for plastics recycling. Grønt Punkt Norge is leading the way for Norway, and we are confident that other European countries will follow, says Tharaldsen”.

Innovation prevails during times of crisis. Delivering collected household plastic packaging for chemical recycling rather than sending some of it to energy utilisation is very good news for the environment.

– Svein Erik Rødvik, recycling manager at Grønt Punkt Norge.


Plastpiratene is an ambitious organisation focused on getting everyone involved in the plastic issue and taking part in cleaning up.

The organisation has a partnership agreement with Quantafuel that involves collected plastic being sent to Quantafuel’s plant for testing and assessment of whether it can be used in chemical recycling to make new plastic. 

Quantafuel supports the campaign and will provide big-bags to the diving teams and other collection campaigns organised by Plastpiratene. 

In addition to clearing plastic, Plastpiratene collect, secure and process scrapped boats and delivers them to recycling stations. If the boats are in suitable condition, they are refurbished and converted to electric boats for hire by the company Pirate rentals. Income will be used for the operation of Plastpiratene as soon as the company becomes profitable. So far three boats have been upcycled to electric boats. 

Quantafuel and Plastpiratene aim to establish an environmental port where Plastpiratene can collect and receive marine plastic waste, and then deliver this to Quantafuel for recycling into new plastic. 

Plastpiratene was established in May 2018 and has since cleared more than 70 tonnes of plastic waste from the marine environment. 

In addition to clearing plastic, Plastpiratene focuses on rehabilitating former prisoners and other disadvantaged people by giving them meaningful and socially-useful work. The Norwegian Correctional Service and Plastpiratene have entered into an agreement that allows former convicts to serve part of their sentences by clearing plastic, alongside disadvantaged young people.

Read more about the challenges, our solution to the plastic problem and the technology:

The Challenge

Plastic is the man-made material experiencing the largest growth worldwide, and we have become completely reliant on it. Why?

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Quantafuel solution

Our solution

Our solution is to place a value on plastic waste. We must start treating used plastic as a valuable resource, establishing a model for plastic waste collection and upgrading it to recycled products. The entire value chain needs to be circular.

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The Technology

From day one, Quantafuel’s fundamental idea has been to solve the world’s plastic waste problem by transforming soiled plastic into new products. That is our contribution to the circular economy of plastic waste. 


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