Quantafuel, a Norwegian recycler and waste management company Geminor, also headquartered in Norway, have partnered on the supply and treatment of post consumer plastic waste collected in that country.
Geminor has undertaken to supply up to 30,000 tonnes of plastic waste annually, which will be recycled at Quantafuel’s mechanical and chemical recycling plant in Kristiansund, Norway. By working together, the companies say they will be able to considerably boost the volume of plastics being recycled in the Nordics.The plan is to provide considerable volumes of sustainable plastic feedstock to a growing circular economy in Europe.
Quantafuel’s Upstream department and Geminor’s account management team Norway recently met in Kristiansund to finalise a joint plan on how to progress in the Norwegian market.
The supply of plastic waste to Kristiansund is a sustainable option for waste producers in Norway, said Geminor’s country manager in Norway, Kjetil Hausken. In practice, the agreement extends the sourcing arm of Quantafuel in Kristiansund, by ‘adding our logistics services and waste expertise to this production’, explained Hausken. The products produced following treatment and recycling by Quantafuel will be used for the production of new plastic products.
Waste plastic that is turned into feedstock in this way is in line with the EU’s circular economy ambitions. “With this cooperation, Geminor increases its presence in the value chain of upstream plastic recycling,” he added.
The Kristiansund facility can recover a high percentage of plastic waste received, said Quantafuel’s VP Business Development, Hеkon Thomas Olsen.
The Quantafuel facility offers both mechanical and chemical recycling. Plastic that is unable to be processed is utilized for the production of district heating, electricity and cement.
The aim of the cooperation is to become the leading plastic upstream player in Norway and the rest of the Nordics. The companies will also focus on expanding the scope of these activities beyond Norway, to include Denmark and other areas of strategic interest.
“Longer term, we believe that the combination of the strong position Geminor has in the waste management business, and our position in both chemical and mechanical recycling industry, will benefit municipalities, communities and not least the environment,” Olsen said.