(Finance) – The Danish company Waste Plastic Upcycling, which converts plastic waste into ISCC certified oil, landed today on Euronext Growth Oslo. This is the fifth admission in the segment since the beginning of the year and brings the total number of companies to 122. In addition, it is the seventh listing on Oslo Bors in 2022. The company converts plastic waste into valuable products for use in the production of oil. sustainable plastics, which can be used for jet fuel, heavy transport and the production of new plastics. The company was founded in November 2020 and has three planned production facilities ready to be built in Denmark with a total capacity to process 159,000 tons of plastic waste annually.
The price admission was NOK 15 per share, for one capitalization of approximately NOK 711 million (approximately EUR 73 million). The company has harvest NOK 27.3 million (approximately EUR 2.8 million) through a private placement prior to admission. The company’s listing on Euronext Growth Oslo creates an attractive platform for further expansion, especially in the European marketand it is an important step in the company’s growth strategy and in creating value for the future, ”said CEO Niels Bagge.