Norwegian company Quantafuel and investment firm Eurazeo have established a joint venture to build a sorting plant for waste plastics in Esbjerg, Denmark. However, the agreement remains subject to governmental approvals and antitrust clearance, the companies said in a press release last week. The 50/50 joint venture wants to start up the sorting plant with an annual capacity of 160,000 tonnes in the second half of 2023.
To establish the joint venture, Eurazeo will acquire 50 per cent of the shares in Quantafuel’s subsidiary Quantafuel Esbjerg Aps through its Eurazeo Transition Infrastructure Fund. The new sorting facility, which will be supplied by the German firm Eggersmann, will sort plastic waste into mono-fractions suitable for sale to chemical and mechanical recycling facilities....
