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 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 recycling 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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Stig Herbern - Chairman of the Board

    Mr. Herbern has extensive experience from acting as a chairman and board member in industrially related startups and listed companies linking expertise from finance, technology and markets. He was CEO of Telenors mobile operations and also started the venture company Credo Partners and established Bredbåndsalliansen/Ventelo to be a leading fibre provider in the Nordics.

  • Kai E. Reith - Board Member

    Mr. Reith has more than 18 years of experience from investment banking and corporate strategy work. The last 7 years he has been SVP Corporate Development at PGS ASA and part of Group Management.

    Mr. Reith is bilingual in Norwegian and German and holds and McS in Finance from NHH with exchange studies at Cornell University.

  • Juan Carlos Carrera - Board Member

    Mr. Carrera has more than 25 years of experience in the financial sector. 

    In the last 5 years he has developed different investment iniciatives in the oil & gas sector, nature-based climate projects and waste to energy technology, in Europe, USA and Latin America.

Plastic recycling for a sustainable future

“We ́re solving an urgent environmental problem by commoditizing the plastic waste circularity at the local source”

DNV Energy Transition Outlook 2021

Waste-to-fuel technology is on the list of:

“Ten technologies setting the pace of the

energy transition over the next five years.”