Quantafuel
Quantafuel is a Norwegian chemical-recycling company that uses proprietary Plastics-to-Liquids depolymerization technology to convert hard-to-recycle plastic waste into oils for new plastic production. It serves municipalities, plastic manufacturers, and energy/chemical majors, and operates a 20,000-tonne-per-year commercial facility in Skive, Denmark, under Viridor ownership.
- Company typePrivate
- Founded2014
- HeadquartersLysaker, Norway
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Quantafuel does
Quantafuel is a Norwegian chemical-recycling company, founded in 2014 and headquartered in Lysaker, Norway, that has developed a proprietary Plastics-to-Liquids (PtL) depolymerization technology to convert hard-to-recycle plastic waste into oils that can serve as feedstock for new plastic production. The company's flagship asset is a first-of-its-kind commercial production facility in Skive, Denmark, designed to process up to 20,000 tonnes of plastic waste annually. Quantafuel operates within the circular-economy value chain, positioning its output as a substitute for virgin fossil-based plastics and as a solution to the roughly 85% of plastics that are not currently recycled worldwide.
The company's commercial model combines direct sales of recycled pyrolysis oils to plastic manufacturers and refineries with technology licensing and partnership revenue, including a strategic partnership with BASF to scale chemical recycling facilities across Europe. Its go-to-market is B2B enterprise field sales targeting municipalities and local governments, plastic manufacturers and petrochemical companies, and energy/chemical majors. In early 2024, Quantafuel's assets were acquired by UK energy-from-waste group Viridor for over £100m, making it a subsidiary within Viridor's circular-solutions portfolio; Viridor is in turn backed by Equitix, which increased its stake in 2025 to support further investment. Additional growth has been signalled through a planned 100,000-tonne-per-year facility at the Port of Sunderland, advanced by TCP Circular (co-led by a former Quantafuel executive) under an exclusivity agreement with Sunderland City Council.
Quantafuel's competitive positioning rests on its proprietary depolymerization process, first-mover status in commercial-scale PtL, and anchor relationships with BASF and Viridor. Capital intensity of chemical-recycling facilities and the necessity of integrated waste-feedstock and petrochemical offtake channels create meaningful barriers to entry, but the economics of advanced recycling remain highly dependent on regulatory and policy support for recycled content, which the company has publicly flagged as a gating risk.
Quantafuel firmographics
Firmographics- Name
- Quantafuel
- Legal name
- Quantafuel
- Website
- https://quantafuel.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Quantafuel is a Norwegian chemical-recycling company that uses proprietary Plastics-to-Liquids depolymerization technology to convert hard-to-recycle plastic waste into oils for new plastic production. It serves municipalities, plastic manufacturers, and energy/chemical majors, and operates a 20,000-tonne-per-year commercial facility in Skive, Denmark, under Viridor ownership.
- Ownership category
- akta.pro rank
Quantafuel industry classification
Industry- Product category
- Chemical Recycling Technology
- NAICS
- Plastics Material and Resin Manufacturing (325211)
- SIC
- Plastics Products, Nec (3089)
- akta.pro primary industry
- Chemical/Advanced Recycling (Pyrolysis, Depolymerization, Solvolysis, Gasification) (EUAIAKAC)
- akta.pro secondary industries
- Plastic-to-Fuel/Oil & Feedstock Upgrading (Naphtha/Cracker Feed) (EUAIAKAL), Plastic Recycling Equipment & Technology Providers (Sorting, Washing, Extrusion) (EUAIAKAM), Chemical/Advanced Plastics Recycling (Depolymerization, Pyrolysis, Solvolysis) (IMANAMAD)
Keywords
Where Quantafuel is headquartered
LocationHeadquarters
- HQ city
- Lysaker
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Quantafuel business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Technology or R&D, Supply Chain, Infrastructure, Personnel
Revenue model
- Recycled Oil Sales: Revenue generated from selling the recycled oils produced through the PtL process to plastic manufacturers and refineries as feedstock for new plastic production.
- Technology Licensing and Partnership Revenue: Revenue through strategic partnerships with major chemical companies like BASF to establish chemical recycling facilities across Europe.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Quantafuel product offering
Product offeringCore offering
Quantafuel develops and operates proprietary Plastics-to-Liquids (PtL) depolymerization technology that transforms hard-to-recycle plastic waste into oils suitable for new plastic production. The company operates a first-of-its-kind commercial production facility in Skive, Denmark, designed to process up to 20,000 tonnes of plastic waste annually, supplying recycled feedstock to plastic manufacturers and refineries.
Product overview
Quantafuel offers a unified Plastics-to-Liquids (PtL) technology platform based on depolymerization, which transforms hard-to-recycle plastic waste into valuable oils suitable for new plastic production. The company's core product is their depolymerization technology that converts soiled and low-value plastics into raw materials through pyrolysis. Their flagship asset is the commercial production facility in Skive, Denmark—the first of its kind—capable of processing up to 20,000 tonnes of plastic waste annually. Quantafuel operates as part of Viridor's circular solutions portfolio, providing chemical recycling technology to help close the loop on plastic waste.
Differentiator
Problem solved
Functional benefit
Products and services
- Plastics-to-Liquids (PtL) Depolymerization Technology
Quantifiable outcome
- Up to 20,000 tonnes of plastic waste processed annually at Skive facility
- +1 more outcomes
Companies that use Quantafuel
Customer profileSegments3 records
Ideal customer profiles3 records
Quantafuel technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Quantafuel partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- BASFcoreStrategic partnership between BASF and Quantafuel to establish chemical recycling facilities across Europe. This partnership enables Quantafuel to scale its PtL technology across the continent through collaboration with one of the world's largest chemical companies.
- Sunderland City CouncilminorTCP Circular, co-led by former Quantafuel executive Chris Lach, signed an exclusivity agreement with Sunderland City Council to build a plastics recycling facility at the Port of Sunderland, processing approximately 100,000 tonnes annually.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Quantafuel competitors and assessment
Company assessmentDirect peers
- Eastman: Runs Eastman Chemical's molecular recycling (depolymerization) technology to produce recycled feedstock for specialty plastics — directly comparable advanced/chemical recycling model targeting hard-to-recycle plastics.
- Agilyx: Chemical recycling company using pyrolysis-based conversion of waste plastics (notably polystyrene) into feedstock oils and chemicals — directly comparable depolymerization/pyrolysis technology and B2B feedstock sales motion.
- Mura Technology: Develops hydrothermal plastic recycling (hydroPRS) that depolymerizes mixed plastic waste into feedstocks — closely aligned advanced recycling technology and offtake-to-plastics-producers model.
- Carbios: Develops enzymatic depolymerization technology to break down PET plastics back to monomers for re-polymerization — closely comparable depolymerization approach targeting hard-to-recycle plastics, with technology licensing model.
- Plastic Energy: Operates commercial-scale pyrolysis plants that convert end-of-life plastics into oils for new plastic production — directly comparable technology and end-product positioning to Quantafuel's PtL depolymerization process.
- APK AG: Operates a solvent-based depolymerization process (Newcycling) for mixed plastic waste into recycled LDPE/PP grades — directly comparable chemical recycling of polyolefins into usable plastic feedstock.
- ReNew ELP: Operates a commercial pyrolysis plant (Teesside, UK) converting mixed plastic waste into hydrocarbon oils for petrochemical feedstocks — directly comparable technology, geography (UK), and feedstock-upgrading model.
Broad incumbents
- SABIC: Global petrochemicals incumbent with TRUCIRCLE advanced recycling portfolio producing certified circular polymers — competes for recycled feedstock demand and partnership opportunities alongside Quantafuel.
- LyondellBasell: Global polyolefins and petrochemicals incumbent running MoReTec advanced recycling (pyrolysis) to produce recycled feedstock — overlaps with Quantafuel's recycled oil offtake market but as part of a much broader chemicals portfolio.
Others
- BASF: Quantafuel's Core strategic partner for scaling chemical recycling across Europe; BASF also operates its own ChemCycling program, positioning it as both an offtaker/partner and an adjacent advanced-recycling participant.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Quantafuel social profiles
Digital presenceQuantafuel financial estimates
Financial estimateRevenue estimate
Valuation estimate
Quantafuel leadership team
Management profileNumber of profiles
Profiles3 records
Quantafuel funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Quantafuel M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Quantafuel
What does Quantafuel do?
Quantafuel develops and operates proprietary Plastics-to-Liquids (PtL) depolymerization technology that transforms hard-to-recycle plastic waste into oils suitable for new plastic production. The company operates a first-of-its-kind commercial production facility in Skive, Denmark, designed to process up to 20,000 tonnes of plastic waste annually, supplying recycled feedstock to plastic manufacturers and refineries.
Is Quantafuel a public or private company?
Quantafuel is a private company. It is classified as corporate owned and is currently operating.
When was Quantafuel founded?
Quantafuel was founded in 2014. It employs 11 to 50 people.
Where is Quantafuel based?
Quantafuel is headquartered in Lysaker, Norway, in the Europe region.
How does Quantafuel make money?
Two revenue lines are on record. Recycled Oil Sales are the primary driver. The others are technology Licensing and Partnership Revenue.
Who are Quantafuel's main competitors?
Direct peers on record are Eastman, Agilyx, Mura Technology, Carbios, Plastic Energy, APK AG and ReNew ELP. Broad incumbents are SABIC and LyondellBasell. BASF is listed as an others.
Does Quantafuel have an API?
No public API is recorded for Quantafuel.
What industry is Quantafuel in?
Quantafuel's product category is Chemical Recycling Technology. Its primary akta.pro industry code is EUAIAKAC, Chemical/Advanced Recycling (Pyrolysis, Depolymerization, Solvolysis, Gasification), with a secondary code of EUAIAKAL, Plastic-to-Fuel/Oil & Feedstock Upgrading (Naphtha/Cracker Feed). Its NAICS code is 325211 and its SIC code is 3089.