Quantafuel and Geminor set up new plastic recycling company

Quantafuel and Geminor's new company, Polynate – Circular Plastic Solutions, aims to take a leading position in the value chain for plastic waste recycling in the Nordics and the UK. The company will be led by Ralf Schöpwinkel, who comes from Geminor with 25 years of industry experience.

– I am very motivated to take on the new role. With Polynate, we will take a leading position in the value chain for plastics in the Nordics and the UK, says Ralf Schöpwinkel.

Schöpwinkel leaves the position of CSO at Geminor, the company he since 2008 helped establish in nine European countries. Schöpwinkel, who still remains a shareholder at Geminor, brings with him over 25 years of industry experience within recycling and the international waste markets.

Ralf Schopwinkel is CEO at Polynate.

Sustainable handling of plastic
Polynate will focus on plastic waste and its main operation will be supplying the plastic recycling company Quantafuel’s current facilities in Kristiansund, Norway (mechanical plastic recycling), Skive in Denmark (chemical plastic recycling) and its planned facilities in Denmark and the UK. Polynate will also supply plastic waste to Quantafuel’s joint project with Eurazeo – ReSource, Denmark’s largest plastic sorting facility in Esbjerg, which will be ready to receive waste from early 2024. Polynate will also enter the British market, where Quantafuel has an ambitious project plan with several Plastic-to-Liquid (PtL) plants the coming years.

– Polynate will be an important contributor in the sustainable treatment and handling of international plastic waste, says CEO of Geminor, Kjetil Vikingstad.

– Establishing Polynate together with Quantafuel is strategically important for Geminor. Our ambition is to increase our market share and secure new downstream solutions for plastics. It is becoming increasingly important to sort plastics from residual waste, both to secure more feedstock for new plastic products, but also to reduce the fossil content in the waste that is sent to energy recovery, says Vikingstad.

Kjetil Vikingstad is CEO at Geminor.

“Chemical recycling is the solution”
– We see great potential here. Chemical recycling of plastics complements mechanical recycling and significantly increases the overall recycling rate. Thanks to chemical recycling, it will be easier for many countries to reach their ambitious recycling targets. I am really excited and look forward to focusing exclusively on plastics and supporting the industrialization of Quantafuel,” says Schöpwinkel.

Quantafuel’s core business is chemical recycling, which means that plastic waste is broken down into its original building blocks, consisting of carbon and hydrogen chains, in a pyrolysis process. These are then reassembled into an oil that can be used to produce new high-quality products – such as food packaging – that meet the high demands from the EU and the rest of Europe.