Quantafuel (QFUEL) had an investor roadshow for Pareto Securities and ABG Sundal Collier clients. The presentation is on their web in the section Presentations
There was a big interest in the presentation – more than 100 institutional investors attended the presentation
The main news from the call: “…we have the corrected feeding issues and restarted the plant today and anticipate achieving PoC shortly…”
The main quotes from the presentation by CEO Lars Rosenlov:
Skive update
- turnaround is completed, CAPEX was as guided
- cold and hot commissioning is completed
- second line in operation earlier than anticipated
- both lines operate stable at high capacity
- chemical process is working
- the failures we were experiencing were in the feeding system which is very simple system in comparison with the chemical part
- we were very close to achieving the PoC before Christmas and again January
- today we have the corrected feeding issues and restarted the plant today and anticipate achieving PoC shortly
- Proof of Concept – definition is the toughest I have seen in gas and oil business
- we reiterate our 12k tonnes production target for the year
- we anticipace starting additional line each quarter this year
Kristianslund update
- 20k mechanical recycling in operation
- testing different chemical reactor than we have in Skive – Skive is heated by own produced gas, here we have electrical
- we are seeing much better prices on outputs than we expected
Esbjetg (Denmark)
- 160k tonnes per year capacity
- Denmark recently announced 60% recycling targets, higher than the EU
- Plant economics are very strong – unlevered IRR higher than 30%
- Political landscape in Denmark is very favorable
- we have potential investors in the data room as we speak
- we are ready to move forward this quarter
Dubai
- Signed MoU with ENOC and Dubal Holding1 for the development of large scale PTL plants
- Strategically located sites evaluated
Sunderland (UK plant)
- UK very interesting market, we have very good plot with excellent logistics location
- 100% owned by QFUEL
- project is now in permitting phase
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