Quantafuel, Vitol and VTTI to commence feasibility studies for large-scale plastic chemical recycling plants
Norway-headed plastics-to-fuel technology developer Quantafuel ASA and Netherlands-headed energy and petroleum products trader Vitol Group (Vitol) have announced that following the successful start-up of the Quantafuel Skive plant in Denmark, they will begin feasibility studies relating to the building of up to two large-scale production facilities for the chemical recycling of plastic waste into low carbon synthetic oil products.
According to a statement, the feasibility studies will be completed in partnership with Vitol’s partly owned subsidiary VTTI, a major provider of storage and handling services for energy products at VTTI’s global terminal network.
The study will look at Amsterdam, the Netherlands, and Antwerp, Belgium for the chemical recycling of approximately 100 000 tonnes per annum of plastic waste per plant.
The feasibility studies will commence in the fourth quarter of 2020, with a final investment decision expected in the first half of 2021. Quantafuel, Vitol, and VTTI will jointly manage the feasibility studies and will work in partnership to prepare for the final investment decisions.
We are pleased to announce our collaboration with VTTI and Vitol. Both Amsterdam and Antwerp are key locations for energy handling in Europe where VTTI already operates state-of-the-art logistic facilities and have in-depth knowledge of establishing new process capacity, says Kjetil Bøhn, CEO of Quantafuel.