Quantafuel completed the acquisition of 40% stake in Geminor for $19m.

Quantafuel, an energy and chemical recycling company, completed the acquisition of 40% stake in Geminor, an international recycling company focusing on refuse-derived fuel, solid recovered fuel, recycled waste wood, hazardous waste for energy recovery and paper & cardboard, plastic and other types of waste for material recycling, for $19m. "With Quantafuel as a partner we hope to achieve our goal of becoming a leading player in material recycling and energy recovery in Europe. In collaboration with Quantafuel we want to increase the proportion of plastic for material recycling, and by this actively contribute to a circular economy for plastics in Europe," Kjetil Vikingstad, Geminor CEO.