Turning plastic waste into sustainable commodities
The challenge
Today, we produce over 385 million tonnes of plastic waste every year. That’s nearly the equivalent to the weight of the entire human population. Of this, only 10% is being recycled.
The solution
We believe chemical recycling is the best solution for plastic waste that cannot be mechanically recycled. Furthermore, chemical recycling can process plastic waste into fuel and new sustainable products bringing plastic into the circular economy, and at the same time, contributing to solving one of Europe's most considerable environmental problems.
The market
Around 29.1 million tons of plastic waste is generated in the EU every year. Yet, only 32.5% is being collected for recycling, representing a huge loss of potential resources as well as a massive stain on the environment.
Unique Value Proposition
Astrum Group is solving the waste problem at the local source. We are building replicable and modularized mid-size 30+30T/D recycling plants customized for municipalities and local waste challenges.
Feedstock from local waste facilities
Offtake directly and indirectly to local refineries and the petrochemical industry
Further processing in collaboration with selected partners at several new sites
We are building our first
Plastic-to-fuel factory in Valencia, Spain
Test Plant & Laboratory
Testing and lab analysis is conducted at our test plant and laboratory in Mallorca, Spain. We are continuously testing various feedstock mixtures to find optimized offtake commodities. Testing on a small scale will eventually make our commoditized platforms capable of converting several low-value feedstocks, including mixed composite polymer waste streams, into high-grade chemicals and oils.
Testing and lab analysis are conducted at our test plant and laboratory in Mallorca, Spain.
We are currently testing plastic mixtures delivered from different facilities within the Valencia region.
Oil samples from our testing are sent to laboratories and potential offtake partners for analysis.
The project management team
Our project team has been working for over three years with research, testing and planning for the first chemical recycling factory in Valencia
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Jon A. Duus - CEO
Mr. Duus har been CEO of several companies in Norway and also in Asia Pacific and has a long experience with several start-ups in the chemical- as well as renewable industries world- wide. He has M.Sc. in chemical engineering from NTH as well as education in International Finance & Marketing from INSEAD.
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Jan Neumann - CTO & Board Member
Mr. Neumann is currently General Manager at Worp Islas Baleares S.L. He has built and managed a waste oil recycling plant in Spain since 2012 and has extensive experience in refinery and distillation.
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Arne Lønberg - COO
Mr. Lønberg has more than 40 years of experience from project development and execution in the oil & gas and renewable energy sector, holding several roles.
Arne has worked for a number of leading oil & gas construction companies including Fred. Olsen Renewables, TotalEnergies, Shell, Norsk Hydro Production, Aker Solutions, Kværner, AMEC Process & Energy and ABB.
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Ørjan Helland - CFO and financial advisor
Ørjan Helland is our financial advisor with more than 20 years of experience from capital funding of growth companies and start-ups. During his career he has been securing more than one billion NOK in capital for 40 investment funds.and growth companies. Ørjan has a Master of finance as well as an AFA Certified European Financial Analyst from NHH.
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Gerdt Holm Johnstad - Business Development Manager
Mr. Johnstad is an experienced business developer who has launched numerous innovative products within sustainable industries worldwide. He has been a key player in developing and positioning the company since it was founded.
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Elin Salthaug Kverneggen - Project Manager
Elin S. Kverneggen has 10 years of experience from Holte Consulting, 14 years of experience from Dynea. Formerly project manager for Silvia Green Fuel (2019 – 2022) a 500 MNOK biofuel project for Statkraft and Södra. MSc in Chemical Engineering from NTNU.
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Prof. Dr.- Ing. Bjørn Svensvik - Chairman of the Board
Mr. Svensvik is formerly Project Director at Kværner Oil & Gas International, he has served 9 years as Executive Vice President at SINTEF and 11 years as Assistant Professor at NTNU. Extensive international business experience within construction, concultancy, research and development.
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Rune Solstad - Board Member
Mr. Solstad is currently CEO at Norwegian Real Estate. He is a serial entrepreneur with experience from Digital Business Development / eCommerce / Project management and real estate.
Commoditizing the Plastic-to-Fuel Industry
“We ́re solving an urgent environmental problem by commoditizing the plastic-to-fuel industry at the local source”
— Prof. Dr. Ing. Bjørn Svensvik, Chairman of the Board
