The founder had his plans ready. Knut Hagenes was to make billions from a unique technology.
But the company went bankrupt and large amounts disappeared in various directions.
Then the argument about this reactor started.
Namely, the reactor is the key to what could become a billion-dollar industry. If it works, it can turn CO₂ into lime and solve a major climate problem.
But now no one wants to say where it has gone.
When Knut Hagenes’ company collapsed, Valinor stepped in and bought the bankrupt estate. The company from Stavanger has a large cash bin. They use it to invest in green projects. This gave them the right to important patents and to the reactor in Poland.
They quickly got control of the patents. But the reactor was worse. All attempts to find it have failed.
Last September, investment director Jarle Veshovde had enough. He flew to Poland in search of the unique construction.
– The main purpose of the trip was to see the reactor, and see that it and the values were in good condition, he says.
The reactor was supposed to be in an industrial area in the very south of Poland, in the town of Kędzierzyn-Koźle. But Veshovde and a colleague were refused entry, and had to go home without having seen the end of it.
– It is absurd. It’s an incredibly weird thing. I have never come across anything close to it before, says Veshovde.
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