A word of welcome
I am pleased to share the first edition of Circa Group quarterly newsletter, where we roundup our main news so you can keep up to date with recent developments, as well as receiving notification of our quarterly results. I hope it’s useful and thank you for your continued interest and support.
Tony Duncan, CEO, Circa Group AS
Q1 financial results
Our 2022 first quarter results are out, and news of significant progress has been positively received… An important milestone was reached on May 20 when Circa announced that Valmet will work with us to realise and optimise the Furacell production process at scale through the ReSolute project and future large-scale plants.
Valmet Heads of Agreement
A Heads of Agreement has been signed with Valmet, making them the main process technology and equipment supplier for ReSolute, our industrial scale plant on the site of a repurposed coal-fired power station in France. Valmet will make a significant contribution to accelerate the development of Circa’s large-scale renewable chemical plants, on a roadmap to build 80,000 tonnes of Cyrene capacity by 2030.
Annual Report and AGM
Circa Group AS has published its first Annual Report and you can read more about our progress in its pages. Since then, we have also held the Annual General Meeting. During our AGM on June 2, the board was expanded to include Martin Laudenbach and Elise Fahlén, who were elected as new board members, for a two-year period. Both are very welcome and will bring greater diversity and important venture capital and chemicals industry capability to the board.
Did you know we have started a monthly blog series? You can hear Tony’s thoughts on the anniversary of our public listing and read what our CFO has to say about diversity and why she joined Circa.