# Viridor proposes £90M acquisition of Quantafuel ASA for chemical recycling

Viridor announced a formal offer to acquire Quantafuel ASA for approximately £90 million. Quantafuel's plastics-to-liquids pyrolysis technology converts hard-to-recycle plastic waste into raw materials for new plastics production.

- Type: Acquisition
- Announced: 2023-02-28
- Where: Norway
- Value: $108.0M (90.0M GBP)
- Status: announced
- Products: chemical recycling technology, plastics-to-liquids pyrolysis
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Viridor](https://endata.com/companies/3489.md) (acquirer)
- [Quantafuel ASA](https://endata.com/companies/68833.md) (target)

## Sources

- [viridor.co.uk](https://www.viridor.co.uk/news-and-insights/viridor-backs-chemical-recycling-of-plastic-with-proposed-acquisition-of-quantafuel-asa/), 2023-02-28: "Viridor today announced a formal offer to acquire Quantafuel ASA, for c. £90m and provide additional capital to support Quantafuel's current development projects."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.