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Nasdaq delists Cassandra Oil's share from November 20, 2018

As previously announced earlier this year Nasdaq has reported Cassandra Oil to the Nasdaq Stockholm’s Disciplinary Committee. This was on the basis of insufficient market information from the company. The Disciplinary Committee of Nasdaq Stockholm has decided that the shares of Cassandra Oil AB (“CASO”) are to be delisted from trading on Nasdaq First North. The delisting will take effect on November 20, 2018,In order to meet the interests of our 7400 shareholders, Cassandra has explored alternative trading avenues and will notify the market regarding a replacement trading platform before

Update from Cassandra Oil and REAKTOR APS

As recently published, REAKTOR APS have agreed a purchase of one CASO processing plant from Cassandra Oil AB at a price of €4.5 million, through a JV agreement. Consequently, REAKTOR APS is in the process of rearranging their company structure, resulting in their existing business and the new JV operating as 2 separate companies. The JV ownership is broken down as follows:  38% by REAKTOR APS, 38% Cassandra Oil, 20%, Danish private investors, and the remaining 4% are held by an international commodity and financial broker.The new CASO processing plant will be assembled at Sjölanders

Cassandra Oil closes plant sale to REAKTOR APS.

A subsidiary of REAKTOR APS, a company registered in Denmark, and Cassandra Oil AB (Cassandra) registered in Sweden, has on the 24th of September signed a Sale and Purchase Agreement for one CASO processing plant, at a price of €4.5millon (SEK 42.8 million). The first instalment payment of €2.0 million (SEK 19.1 million) shall be made to Cassandra before the 25th of October 2017. The delivery of the processing plant will take place in the early part of 2018.The processing plant will be located in Fredriksvaerk, Denmark, for the purpose of recycling of discarded tires. -        We are

Cassandra Oil produces bio-fuel out of used tires

SP Sveriges Tekniska Forskningsinstitut was commissioned by Cassandra Oil to analyze oil produced from waste tires at the processing plant in Västerås. The purpose of the test was to confirm the non-fossil share in the oil sample.The test, which was conducted through the C14 method has established that the oil produced from used tires is approximately 48% fossil free. This indicates that this portion can be classified as recyclable bio-fuel. This result is of great advantage to Cassandra Oil, because as previously mentioned, the CASO produced oil will have a higher market value than

The cooperation between Ragn-Sells and Cassandra Oil intensifies

Ragn-Sells AB and Cassandra Oil AB further progress their collaboration. Nearly a year ago, Ragn-Sells and Cassandra Oil announced their intention to cooperate in a joint venture, where Ragn-Sells would utilize Cassandra’s technology in their operations in the Nordicum* with the purpose of contributing to a circular economy.Further development, testing and progress has occurred during the winter, enabling the cooperation to intensify. “The test results from Cassandra Oil's facilities look promising” according to Jonas Roupé, Marketing Director at Ragn-Sells. “Our expectation was to

Communiqué from the conference

On December 17, 2015 Cassandra Oil held a general update conference with Q&A in Västerås. The key presentations were conducted by Anders Olsson (CEO), Jan Jacobsson (Head of Technology), Daniel Pettersson (Head of R&D) as well as partners, including Ulrik Améen from Ragn-Sells, Robin Jonsson from Rejlers and Ehsan Mohseni from Cassandra Oil, Spain.Summary of the information from conference: 1.     The oil quality and purity: As the technology has recently been further developed, the test result shows the oil produced is now of higher quality than Brent Crude Oil (North Sea Oil). The

Cassandra Oil signs memorandum of understanding with a Royal Saudi Arabian company.

Cassandra Oil AB is pleased to inform of the signing of a memorandum of understanding regarding a new Joint Venture in Saudi Arabia with Tomorrow Environment Company (”TECO”), part of HRH Prince Faisal Bin Muqrin Abdulaziz’s group of companies with headquarters in Jeddah, Saudi Arabia.Cassandra Oil and TECO have agreed to form a joint company based in The Kingdom of Saudi Arabia with the main intention to process oil waste products relating to TECO’s licence with ARAMCO. The JV will also process other hydrocarbon rich waste such as used tires. The intent is to, during the first year,

Cassandra Oil benefits from experienced investors

Cassandra Oil has secured a private placement of a total of 3 million common shares to a small group of experienced investors mainly consisting of Mats Gabrielsson and Johan Thorell. The Company's Chairman Finn Johnsson comments on this important development:"We realize the value of long-term and financially strong share holders who can also contribute with their expertise, knowledge and network. It is particularly gratifying that we have renewed and increased confidence by Johan Thorell who was one of the original investors in Cassandra Oil prior to the public placement. Furthermore, Mats

Future outlook and new management in Cassandra Oil AB (publ)

Cassandra Oil AB is in discussions and negotiations with an increasing number of stakeholders about future developments that will enable Cassandra Oil to become an important part in the endeavour to create an environmentally friendly circular economy globally.  For this reason we see a need to present an economic outlook for the coming years.At the Annual General Meeting, June 16, 2015 a vision for the future growth was presented.  During the next 6 years 60 processing plants should be implemented. Approximately 30 in Europe and about 10 in the US in 50/50 JV companies as well as around

Cassandra Oil AB and Ragn-Sells AB form partnership

Stockholm, Sweden 17th July, 2015 – Cassandra Oil AB, the Swedish clean-tech company, and Ragn-Sells AB, one of Europe’s largest tyre recycling companies have signed a letter of intent to begin a collaboration on waste treatment through pyrolysis.Cassandra Oil AB (CASO) owns proprietary rights and manufactures a technology for pyrolysis. Ragn-Sells have control of large quantities of hydrocarbon-containing waste that is considered suitable for treatment with pyrolysis. Cassandra Oil's technology could provide greater environmental benefits compared to today's solutions and support the

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