Technology efficiency successfully reached

The Depo production facility opened in September. In the initial stage, the plant can process 4,000 tons of plastic and waste oil annually – producing 4,000,000 liters of diesel and heating oil. Pending market demand, the facility can easily double or triple output by installing more modules.

“Instead of burning plastic and waste oil, we can make useful products which reduce demand for extraction of natural resources. It is paramount that we use and reuse our natural resources more effectively, which is what our technology contributes to,” says Ramfjord.

While producing fuels for consumption, the full-scale waste-to-energy facility will also serve as a showroom for potential customers. Depo’s mission is primarily to manufacture and sell its waste-to-energy modules to clients that need to dispose of plastic or waste oil in a more sustainable manner.

“Other waste-to-energy facilities rely on waste products being transported long-distance to larger factories established at a specific location. We offer smaller, modular facilities which can be set up remotely – basically anywhere – thus reducing transportation costs and the environmental footprint,” says Ramfjord.

Today, our Depo module in Düsseldorf occupies 500 square meters. A design process has been finalized, decreasing the plant size to only 300 square meters.

“Our modular approach provides flexible, scalable plants which will fit all markets, ” says Ramfjord.

Depo has a senior management team with extensive experience from international energy markets, led by Ramfjord, a former CEO of oil and gas giant National Oilwell Varco Norway. The company enjoys backing from a group of more than 100 investors, including solid industry players, such as Franzefoss, Slåttland, Malthe Winje Group, Knapphus Energi, FutureZone, and Global Green Capital.

In cooperation with Depo’s partners the company are now ready to go out and sell their technology to the market. There are currently ongoing dialogue with several intersted customers for buying Depo modules and Depo welcome companies globally interested to contact our sales team for more information.

In preparation for the scaling of the company, Depo will raise approx. NOK 200 million in capital from investors. The capital raise will be a structured process with a reputable brokerage house. The process are underway with term sheet negotiations and the capital raise will commence in Q4-24.