Despite rising operating costs, the Norwegian pyrolysis technology company Quantafuel is confident about the second half. At the release of its first-half financial report on Wednesday, it forecast that it would achieve positive cash flow at its Skive and Kristiansund sites by the end of 2022.
The company also announced the signing of a memorandum of understanding (MOU) with Italian infrastructure and plant engineering group Saipem. Under the MOU, the companies are to collaborate on the industrialisation and construction of chemical recycling plants for plastic waste based on Quantafuel technology. In early August, the company, BASF and Dubal Holding agreed to conduct a front-end engineering design (FEED) study for a "plastics-to-liquids (PtL)" plant with a capacity of 80,000 tonnes per year....
