Eurazeo has partnered with recycling specialist Quantafuel to develop a plastic waste sorting plant in Denmark.
Eurazeo鈥檚 Eurazeo Transition Infrastructure Fund is buying a 50% stake in Quantafuel鈥檚 Quantafuel Esbjerg, which will develop and operate the plant in Esbjerg.
Financial details were undisclosed.
The sorting facility 鈥� expected to be operational during the second half of next year 鈥� will be capable of sorting up to 160,000 tonnes of mixed plastic waste annually into recyclable fractions.
Lars Rosenl酶v, Quantafuel鈥檚 CEO, said: 鈥淲e are thrilled to have a partner like Eurazeo whose goal is to invest responsibly and laying the foundation for a sustainable future.鈥�
Rosenl酶v said the partnership with investment firm Eurazeo proves the increased financing capabilities of Quantafuel.
鈥淎s Quantafuel keeps growing, we are also widening the sources of financing,鈥� Rosenl酶v added.
Martin Sichelkow, Eurazeo鈥檚 MD of the infrastructure team, said: 鈥淲e 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.
鈥淏y providing a local solution for plastic sorting to municipalities and industrial companies, we will allow for improved traceability of all waste received and treated.鈥�
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