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 produce a synthetic crude oil as an end product, but recent tests during realistic operating conditions indicate that the oil from Cassandra's process plant is of significantly higher quality”. This is good news, according to Jonas Roupé.
Cassandra Oil’s technology, where hydrocarbon waste is converted into oil, is a fast-depolymerisation process. The produced oil is then sent on to a refinery for enhancement and can therefore be used as a replacement for traditionally extracted oil.
Ragn-Sells who is conducting extensive research within the field of hydrocarbon waste believe that Cassandra Oil's technology could provide greater environmental benefits compared to today's solutions and support the community in the transition towards a circular economy.
For further information, please contact:
Anders Olsson, CEO Cassandra Oil AB,
tel: +46 76 16 32 100
Jonas Roupé, Marketing Director, Ragn-Sells AB,
tel +46 73 066 6828
About Cassandra Oil
Cassandra Oil is a Swedish clean-tech company that uses cutting-edge technology to produce oil from materials containing hydrocarbons, such as used car tires, plastic waste, oil sludge, waste oil and, in the future, oil sands, oil shale and electronic waste.
Cassandra Oil is listed on Nasdaq First North Stockholm as (ticker) CASO. Remium Nordic AB is acting as the company’s certified adviser. Cassandra Oil AB has approximately 8000 shareholders.
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