Eurazeo has partnered with recycling specialist Quantafuel to develop a plastic waste sorting plant in Denmark.
Eurazeo’s Eurazeo Transition Infrastructure Fund is buying a 50% stake in Quantafuel’s Quantafuel Esbjerg, which will develop and operate the plant in Esbjerg.
Financial details were undisclosed.
The sorting facility – expected to be operational during the second half of next year – will be capable of sorting up to 160,000 tonnes of mixed plastic waste annually into recyclable fractions.
Lars Rosenløv, Quantafuel’s CEO, said: “We are thrilled to have a partner like Eurazeo whose goal is to invest responsibly and laying the foundation for a sustainable future.”
Rosenløv said the partnership with investment firm Eurazeo proves the increased financing capabilities of Quantafuel.
“As Quantafuel keeps growing, we are also widening the sources of financing,” Rosenløv added.
Martin Sichelkow, Eurazeo’s MD of the infrastructure team, said: “We are thrilled to partner with a like-minded, visionary and best-in-class company such as Quantafuel built around ESG and sustainability fundamentals fully aligned with our Article-9 Eurazeo Transition Infrastructure Fund.
“By providing a local solution for plastic sorting to municipalities and industrial companies, we will allow for improved traceability of all waste received and treated.”
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