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Plagazi signs €29.5 million grant agreement with the EU Innovation Fund

Gothenburg, 22.05.2025 – The € 29.5 million grant previously awarded from the EU Innovation Fund has now been signed and officially allocated to Plagazi’s flagship project ‘Gävle Circular Park’.  The grant signature follows the grant nomination back in October 2024, when Plagazi’s project was chosen as one out of 85 projects to receive funding among 337 applications.   “The grant signature is very rewarding following a very collaborative grant preparation process with the European Climate Agency [CINEA]. This non-dilutive funding agreement will be a great asset to attract private

Plagazi been selected to receive €29.5 million grant from EU Innovation Fund to drive its flagship project in waste-to-circular hydrogen production

Gothenburg, 29.10.2024 – Plagazi AB is proud to announce that its flagship project has been selected to receive a €29.5 million grant from the European Union’s prestigious EU Innovation Fund. Following several months of comprehensive due diligence on Plagazi’s technology, business model, and future potential, this support underscores Plagazi’s critical role in advancing Europe’s transition toward a net-zero economy through pioneering waste-to-hydrogen project.Out of 337 applications, Plagazi’s project was chosen as one of only 85 to receive funding. The grant will accelerate Plagazi’s

PLAGAZI ANNOUNCES CHANGES TO BOARD OF DIRECTORS

Johan Mandelius replaces Valerie Dujardin as Chairman of the Board of Directors, while Anders Hellsten joins the Board as a Member. Additionally, former Chairman and Member of the Board Torsten Granberg is stepping down from the Board of Directors.Johan Mandelius has extensive experience in change management in strategy, business and operational development, especially in international organisations. Johan is an expert in navigating complex change, leading large projects and programmes, and establishing and leading high-performing teams. He is known for his analytical skills and drive to

PLAGAZI ANNOUNCES CHANGES TO MANAGEMENT BOARD

Soran Shwan, previously CTO at Plagazi, has officially been promoted to CEO, taking over the reins from interim-CEO Gustav Granberg, who will transition into a new role.These changes come as a product of the Board of Directors’ concluding their long-term search for a full-time CEO, deciding on Soran Shwan as the top candidate. Gustav Granberg, who has filled the CEO-position temporarily since September 2023, transitions into a new role in the management team with a focus on corporate and project investments as Chief Investor Officer (CIO) reporting to Soran Shwan. “The Board of Directors

PLAGAZI, ALLEIMA, GÄSTRIKE ÅTERVINNARE AND MACKMYRA BRUK LAUNCH A JOINT FEASIBILITY STUDY FOR FUTURE SUSTAINABLE WASTE RECYCLING AND CIRCULAR HYDROGEN PRODUCTION.

The companies announce that they are launching a feasibility study to explore the possibilities of realising an innovative project in sustainable and local waste recycling and circular hydrogen production. The feasibility study is an important first step towards realising a future project that can both promote local industry and contribute to the climate transition.The project aims to explore the use of Plagazi's patented technology to convert non-recyclable waste into circular hydrogen through an innovative plasma gasification process. This technology captures greenhouse gas emissions and

PLAGAZI ANNOUNCES THE CREATION OF A PROJECT COMPANY (SPV) FOR THE PROJECT "HAVELSTOFF", THE SPV PREMNITZ HYDROGEN PARK GMBH IN PREMNITZ, BRANDENBURG, GERMANY

Plagazi AB and Neue Energien Premnitz GmbH (NEP) have founded the SPV for Premnitz Hydrogen Park in Germany known as the "Havelstoff-Projekt", accelerating the project development into the next phase. The new joint venture company, SPV Premnitz Hydrogen Park GmbH,  will manage the process of attaining the environmental permits necessary to start building the facility that will produce approximately 7’500 tonnes of green hydrogen per year. NEP will provide the local infrastructure and feedstock whilst Plagazi AB will take responsibility for the permitting process.The project purpose is to

PLAGAZI ANNOUNCES CHANGES TO BOARD OF DIRECTORS

Valerie Dujardin, board member at Plagazi, replaces Torsten Granberg as Chairman of the Board of Directors, while board member Anders Boman becomes Vice-Chairman. Additionally, former Hydrogen Commissioner of Germany, Stefan Kaufmann has departed from the Board of Directors.These changes come as a product of the latest board meeting, following Torsten’s decision to step down as Chairman of the Board to focus more on the commercial side of the business, while staying on as a member of the Board of Directors. The long-standing corporate expertise of Valerie Dujardin and Anders Boman is

PLAGAZI ANNOUNCES SUPPORT FROM THE EUROPEAN INVESTMENT BANK WITH FINANCIAL ADVISORY FOR KÖPING HYDROGEN PARK

The services will pertain to financial advisory for project development in Köping Hydrogen Park and will be provided by the European Investment Bank (EIB) free of charge.This support, comparable to a grant, will provide invaluable expertise to the development of Köping Hydrogen Park when it comes to furthering the project financing, and is an incredible enabler for Plagazi’s potential as a pioneer in the waste-to-hydrogen market and hydrogen transition as a whole. Having EIB onboard as advisor in this capacity will ensure that the project continues to head in the right way when it comes to

PLAGAZI INCLUDED IN QUANTRON AG PUBLICATION DETAILING IMPORTANCE OF WASTE-TO-HYDROGEN TECHNOLOGIES IN THE GERMAN HYDROGEN TRANSITION

In the wake of Quantron’s and Plagazi’s strategic collaboration agreement, Quantron has now published a paper on the potential of waste-to-hydrogen (WtH) technologies as energy sources for fuel cell vehicles, where Plagazi is mentioned as a key hydrogen producer in the sector.The paper details the challenges, opportunities, and environmental benefits of WtH as a pathway for large-scale hydrogen production from waste, contributing to a circular and further decarbonized economy. Quantron and Plagazi have a unique opportunity to materialize these benefits throughout Germany and Europe through

PLAGAZI SIGNS LOI WITH TRANSPORT AND LOGISTICS EXPERT SAMAT FOR THE HANDLING AND TRANSPORTATION OF CO\2\

The core of the commercial agreement is that Samat accepts liquid CO\2\ from Plagazi for the purpose of transport. The agreement will aid Plagazi in further optimizing CO\2\ handling and transport capacities.Samat has a long-standing and experienced history of transporting hazardous substances and a track record spanning over 40 years. Their tanks and containers operate at over 30 sites in 10 countries all over Europe to provide transportation services in terms of chemicals, hydrocarbons, air, and liquid petroleum gases, with over 2’000 vehicles at their disposal. Samat will assist

PLAGAZI ANNOUNCES A NEW PROJECT IN GERMANY TOGETHER WITH WASTE RECYCLING COMPANY, KORN RECYCLING, FOR THE PROCESSING OF WASTE INTO FUEL CELL GRADE HYDROGEN

Plagazi has received an order for a Feasibility Study from the German waste recycling company Korn Recycling for the implementation of an on-site HE-2000 plant. Korn possesses one of the world’s most modern commercial waste sorting and replacement fuel processing plant and are pioneers in environmentally friendly disposal and recycling of waste.The aim of the study is to provide Korn Recycling with an understanding of the general feasibility of implementing a circular Plagazi Process plant that fits within their desired framework and meets their sustainability requirements. Plagazi will

GERMAN FAMILY OFFICE - WERMUTH ASSET MANAGEMENT - INVESTS INTO PLAGAZI TO DRIVE ENVIRONMENTAL CHANGE

The investment involves equity from Wermuth’s second fund, the Green Growth Fund 2 (GGF2), with the aim to add additional capital from their upcoming Clean Industrialization Fund (GGF3), which aims to raise EUR 1bn to support the growth of their portfolio companies and their environmentally disruptive technologies, now including Plagazi.Wermuth Asset Management GmbH (WAM) is a German single-family-office investment adviser and initiator of vehicles committed to investing with both high-risk-adjusted returns and a positive impact on the environment across all asset classes. Its principal,

PLAGAZI NOMINATED AS ONE OF THE 25 MOST PROMISING HYDROGEN COMPANIES IN EUROPE (TECH25) BY HYDROGEN EUROPE AND TECH TOUR

Due to our promising developments, Plagazi has been nominated as one of the 25 most promising hydrogen production companies in Europe, and once again been invited to the European Hydrogen Week to participate and present our unique and sustainable approach to hydrogen production. The annual event, organized by Hydrogen Europe, selects and invites handpicked companies within the sustainability space to pitch and present in front of large groups of potential investors and other stakeholders, and is held in Brussels, Belgium.Hydrogen Europe is a membership organisation that encompasses the

PLAGAZI INVITED TO SPEAK AT THE EUROPEAN HYDROGEN WEEK 23[RD] NOVEMBER IN BRUSSELS

The annual European Hydrogen Week event is being held between the 20[th] and 24[th] of November, during which Plagazi has once again been invited to participate in a moderated panel discussion on hydrogen production pathways together with other prominent actors in the hydrogen sector.The event is hosted by Hydrogen Europe, and the panel discussion of which Plagazi will be a part will focus on the discussion of mature clean hydrogen production pathway alternatives such as waste-to-hydrogen, high temperature electrolysis, biomass, and methane pyrolysis. The function of the panel is to bring

PLAGAZI ANNOUNCES SIGNING OF LOI WITH LITRA GAS FOR THE TRANSPORT AND HANDLING OF CIRCULAR HYDROGEN

The Letter-of-Intent (“LOI”) serves to state the intent for a commercial agreement between Plagazi and Litra, which would enable Litra to undertake the transport circular hydrogen from Plagazi to various industrial sites and off-takers.The background of the agreement comes from the mutual sentiment towards reducing emissions and promoting the production of significant volumes of sustainable forms of energy such as circular hydrogen. Litra operates, and intends to operate, a transport infrastructure for deliveries of compressed circular hydrogen gas and is interested in further contributing

PLAGAZI ANNOUNCES PROJECT WITH GOTLANDSBOLAGET FOR THE SUPPLY OF HYDROGEN FOR NEXT-GENERATION ’GOTLAND HORIZON’ FLEET

The first phase of the project, a Basic Engineering Study, involves producing an extensive report describing the end-to-end feasibility of implementing the Plagazi production plants for localized and cost-effective supply of hydrogen. The plan is for Gotlandsbolaget’s next-generation hydrogen-powered maritime transport vessels to utilize Plagazi’s hydrogen as fuel and enable Gotlandsbolaget’s Destination Zero initiative, working towards climate-neutrality by 2045.Gotlandsbolaget is currently developing their Gotland Horizon series, vessels with the capability to be run on hydrogen, which

PLAGAZI ANNOUNCES CHANGES TO MANAGEMENT AND BOARD OF DIRECTORS

As Plagazi increases its efforts to fully utilize the potential of its board of directors and properly bring their expertise into the operational aspects of the company, former CEO Torsten Granberg will, in addition to the previously announced transition to the position of Chairman of the Board at Plagazi, also assume the role of Chief Strategy Officer (CSO). Gustav Granberg, former COO, will take on the role of temporary CEO for Plagazi and lead the operational side of Plagazi while closely coordinating with the Board of Directors.These changes mark a transitionary period for Plagazi, as

NOTICE OF ANNUAL GENERAL MEETING IN PLAGAZI AB (PUBL)

The Annual General Meeting of Plagazi AB (publ) (the “Company”), reg.no 556735-4765, will be held at 14:00 on Friday, June 30, 2023 at Elestorpsvägen 135 in Båstad. Registration starts 13:30.RIGHT TO PARTICIPATE AND NOTICE OF INTENTION TO ATTEND Shareholders wishing to participate in the shareholders’ meeting must: partly              be recorded in the share register maintained by Euroclear Sweden AB as of Wednesday, June 21, 2023, and partly    notify the Company the intention to attend no later than on Thursday, June 22, 2023. Notice may be submitted in writing to the Company

PLAGAZI ANNOUNCES PARTNERSHIP WITH PETROFAC FOR DEVELOPMENT OF KÖPING HYDROGEN PARK, SWEDEN

The partnership comes after a bidding process to determine the most suitable contractor for the development of the early works and FEED. Petrofac has deployed a team to commence the early works stage, which will be conducted in close collaboration with Plagazi’s engineering team in the Gothenburg office. The early works will be carried out over an eight-week period.Petrofac is a leading provider of services to the global energy industry. Its expertise lies in designing, building, and operating onshore and offshore energy-producing facilities and it has delivered more than 200 major capital

PLAGAZI ANNOUNCES STRATEGIC COOPERATION AGREEMENT WITH SUSTAINABLE MOBILITY DEVELOPER QUANTRON AG

The agreement signifies a long-term commitment to a collaboration between Plagazi and Quantron with the primary objective being to enable zero-emission road transportation through the deployment of hydrogen-powered heavy-duty trucks in Europe. Furthermore, Plagazi will join Quantron’s Clear Transportation Alliance as a green hydrogen supplier to hydrogen-electric vehicles operated by Quantron.Quantron AG is a leading provider of emission-free transport solutions for passenger and freight transport, and an early mover in introducing the latest generation of hydrogen trucks to the European

PLAGAZI EXTENDS ITS SERIES-A WITH AN ADDITIONAL SEK 20M INVESTMENT FROM EXPERIENCED ENERGY INFRASTRUCTURE INVESTOR, UTURN2INNOVATION

Uturn2innovation, an investment entity primarily focused on renewable energy projects, has committed to an equity investment in Plagazi AB (publ) (“Plagazi” or the “Company”) of SEK 20 million to be utilized towards Plagazi’s current projects with the main focus being the development of Köping Hydrogen Park. The directed issue is in cooperation with Plagazi’s financial advisor Vator Securities, a part of Plagazi’s expanded Series A round to facilitate the Company’s further growth and development. The funding from Uturn2innovation will help to ensure steady progress towards completion of

PLAGAZI ANNOUNCES MICHAEL ENGSTED AS CHIEF SALES OFFICER (CSO)

Plagazi can excitedly declare that Michael Engsted, previously Managing Director of Plagazi’s U.K. branch, has transitioned into the role of Chief Sales Officer (CSO), marking a much-needed addition to Plagazi’s management team. Michael brings with him a wealth of knowledge of the industrial gases, renewable energy and waste-to-energy markets, particularly from a sales and project development perspective, which will bolster the overall sales growth and client-nurturing capacity of Plagazi.Michael Engsted has previously been actively involved in Plagazi as a Managing Director, building and

PLAGAZI JOINS LEADING PROJECT FOR CARBON CAPTURE & STORAGE MANAGEMENT IN STOCKHOLM NORVIK HARBOUR

Plagazi has joined as a key project partner in "Project NICE" (Norvik Infrastructure CCS East Sweden), a project involving the establishment of a carbon capture hub in Stockholm Norvik Harbour with other leading players in the carbon capture and storage ("CCS") sector. The aim of the project is to work towards set environmental goals by establishing a leading carbon infrastructure to increase opportunities for emission reduction and carbon transport and management.Plagazi participated in a comprehensive feasibility study organised by the communal port operator Stockholms Hamnar in

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