Our solution is to place a value on plastic waste. We must start treating used plastic as a valuable resource, establishing a model for waste plastic collection and upgrading it to recycled products. The entire value chain needs to be circular.
Quantafuel’s starting point was to create technology that could recycle used hydrocarbons from oil and gas in a rational manner. We developed a solution in which plastic waste is heated, broken down and reassembled into valuable products. A major advantage of our technology is that it allows for impurities and a mix of different colours and different types of plastics. The usual process of separating plastic and cleaning it is costly and prone to waste. Many have attempted to go down Quantafuel’s route before, but only we have succeeded.
Our technology is scalable and can be used anywhere. We also have a competitive advantage over traditional oil and gas because we have developed a type of refinery that utilises oil in the form of plastic waste. We receive payment both for accepting plastic and for the end product that we sell. Our raw materials are cheap, since waste is low value and disposing waste plastic is costly. From the customer’s point of view, the focus is on supplying chemically recycled quality products that are in great demand and contribute to reducing CO2 emissions.
From day one, Quantafuel’s fundamental idea has been to solve the world’s plastic waste problem by transforming soiled plastic into new products. This is our contribution to the circular economy of plastic waste.