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Recycling of plastic waste to low carbon products
Company presentation
22 May 2019 | 2
P A R T O F T H E S O L U T I O N
Quantafuel turns a global environmental problem into low-carbon products
22 May 2019 | 3
Creating a new market and a circular economy
OIL RIG REFINERY
PETROCHEM
FUEL
PLASTIC
PLASTIC WASTE
INCINERATION
RECYCLING
QUANTAFUEL PLANT
RECYCLED NAPHTHA
RECYCLED CARBON FUELS
MARKET
LOW CARBON PATHWAY
C R E A T I N G A C I R C U L A R E C O N O M Y
22 May 2019 | 4
T H E P L A S T I C M A R K E T
350 billion euro turnover, 1,5 million employees in Europe
Fastest growing man made material
8 % of oil and gas production
8 million barrels every day – 4,2 x Norways total oil production (1,64mb)
$186bn invested in 318 new plastic production projects over the last 8 years.
Sources: 2009. U.S National Institute of Health. Hopewell et al.Plastic recycling: challenges and opportunities. World Economic Forum: The new plastics economy rethinking the future of plastics2018 Norwegian Petroleum Directorate – Production figuresMcKinsey&Company Petrochemicals 2030: Reinventing the way to win in a changing industryThe Amercian Chemistry Council – Elements of the business of Chemistry
22 May 2019 | 5
T H E P L A S T I C W A S T E P R O B L E M
The real problem with plastics
50% become waste the first 12 months
The average use of a plastic bag is just 12 minutes
27 000 000 tons of plastic waste is generated in the Europe every year.
65% Quantafuel can be utilized in our plants
Amount of plastic waste equals X 4,2 the Kheops Pyramide
Kheops Pyramide 139 meters high
Sources: Plastic Waste: a European strategy to protect the planet, defend our citizens and empower our industries - European CommissionPlasticEurope - Annual Review 2017-18European Parliament - Plastic waste and recycling in the EU: facts and figures
22 May 2019 | 6
U N I Q U E C A T A L Y S T S O L U T I O N A N D P L A N T D E S I G N
Quantafuel with unique and proprietary catalyst and enabling small, efficient plant design constructed with tried and tested components
Plastic pyrolysis reactor Quantafuel reactor Distillation Storage and offloading
2 3 4 5
Plastic Feeding
1
1
2
3
45
22 May 2019 | 7
T E C H N O L O G I C A L U N I Q U E N E S S
Quantafuel transforms plastic waste to recycled, high-quality products in a unique catalytic PtL process
Plastics
PE
PP
Pyrolysis oil (in
gaseous state)
Alkanes 40 %
Aromatics 30 %
Olefins 30 %
Suitable product
hydrocarbons
Alkanes > 90 %
Final, separated
products
“Naphtha” ~16 %(C6H14 – C10H22)
(160 kg / 230 l per tonne)
Diesel ~56 %(C10H22 – C22H44)
(560 kg / 710 l per tonne)
Heating Oil ~8 %(C23H48 – C28H58)
(80 kg / 85 l per tonne)
+ ~10 % permanent gases – used for heating of plant
(plant self-sufficient with energy – providing ~1-1,5 MW in surplus heating)
Reactors
Quantafuel Catalyst system
(QCS 9.0)
Distillation
+ ~10 % carbon rich ash
2 3 4
(80 % of input mass)(90 % of input mass)
22 May 2019 | 8
Combined experience from project development and plant construction: >350 years
Q U A N T A F U E L ’ S T E C H N I C A L C O M P E T E N C E
Significant oil & gas processing background
Chief Operations Officer
Per Morten Lefdal30 years’ experience
Hans Narvestad35 years’ experience
Erik Fareid40 years’ experience
Sigve Skjeldal40 years’ experience
Trond Johannessen20 years’ experience
Olav Stadaas30 years’ experience
Tore Raunholm30 years’ experience
Øystein Hjelm10 years’ experience
Anders Meeg25 years’ experience
Chief Technical Officer
Bjørn Dahlen20 years’ experience
22 May 2019 | 9
S T R A T E G I C P A R T N E R S H I P A G R E E M E N T S I G N E D
Global off-take and partnership agreement with Vitol
The world largest independent energy trader – 180 BUSD revenue
Strategic partnership agreement
Partnership agreement, including:
• 10 year Framework agreement
• 10 year offtake agreement for Skive
22 May 2019 | 10
S T R A T E G I C P A R T N E R S H I P A G R E E M E N T S I G N E D
Intention to build 300 ton plant in a 50/50 JV
The world largest independent energy trader – 180 BUSD revenue
JV to build minimum 300 ton capacity
Partnership agreement, including:
• Intention to build large scale plant in ARA area 1) (>300 MT/day)
• 300.000 ton CO2 savings – 150.000 cars
1) ARA is the abbreviation for the ports of Amsterdam, Rotterdam and Antwerp
22 May 2019 | 11
•
• Specialist support within• Local services• Maintenance• Fuel related
• Managed by Quantafuel
• Bulk work per project for• Detailed engineering• Procurement and expediting• Construction
B U S I N E S S M O D E L
Quantafuel’s business model is to build, own and operate PtL plants
Service fee
Local partner
• Invest capital
• Local competence
• Potentially contribute with feedstock
Plant owning SPV
• Quantafuel ownership >50 %
• Plant financing
• Plant operations and maintenance
• Secure and handle feedstock
• Produce and sell products
• Plant technology and design
• Plant planning, construction and commissioning
• Operational support
2
Plant price
1
Dividend
3
Quantafuel business model Quantafuel construction strategy
Core competence
EPC partner Specialist support
Quantafuel to possess core competence
Outsourcing of bulk EPC work
To the beginning of
a partnership
