WPU - Waste Plastic Upcycling A/S announced that the calibration of the Faarvejle reactor line 1 is nearing completion. Furthermore, the Faarevejle reactor line 2 and 3 is ready for hot test along with initial upcycling test cycles producing plastic to liquid (PtL) implementing the valuable knowledge gained during calibration of reactor line 1. FACTS about the WPU Faarevejle facility: The Faarevejle facility is based on the WPU Batch technology - an advanced chemical upcycling technology which converts end-of-life plastic waste to upcycled plastic oil liquid (PtL) that can be used for example to produce new plastic (PtP),. The facility is the first commercial scale WPU facility.

The construction and installation of equipment was done in one year., The Facility is based on six reactor line with the initial capacity to upcycle a total of approx. 42,000 tons (92,000,000 US pounds) of plastic waste per year., The upcycling process is materially energy self-sufficient as reactor gas (syngas) from production is utilized to heat the reactors. CAPEX for the construction of the facility was EURm 14 (EUR 333 pr.

metric ton capacity). Once operational at full capacity the Faarevejle facility will generate a yearly EBITDA of EUR 15., The facility is expected to be cash positive from third quarter and fully operational by fourth quarter-2023.