The Company was established 2016 to perform a research programme for the development of an expanded glass granulate and to develop the nescessary production equipment. The program was supported by the Research Council of Norway as part of the SkatteFunn R&D tax scheme.

In 2018 the Company started to design and build a new kiln able to produce expanded granulates under close to zero gravity conditions by utilizing energy from renewable hydropower.

In 2020 a patent application based on the invention was filed.



Transforming glass waste into sustainable construction materials.

The Company was established to develop an expanded glass granulate for the circular economy based on recycled glass, utilizing carbon neutral energy sources.

Our technology department and pilot production plant are located at Eggemoen Aviation and Technology park.

Valunor AS is registered in Norway with company number  926418505, and is  a wholly owned subsidiary of Valunor AG, registered in Zug, Switzerland.


Our Team

Pan European Team

Our team has deep knowledge in material science, construction business and international business development.


Charles Churet


Over 32 years at Dow Chemical. In 2008 he acquired distresses assets, grew the business organically & trough multiple acquisitions creating Axson .In 2015 the BU were sold to Sika, PPG and Maeder. He now manages Oyat Invest AG ,his family office. In November 2019 he led the re-incorporation of Minolite under Valunor AG and chairs the board of Directors.


Marc Cheloudko

CEO - Business Development

Over 25 years of experience as senior executive  (GM, VP, Sales & Marketing)  in the mineral industry (Carmeuse) the coatings industry (PPG ,Valspar) , specialty chemicals (Solutia) and consulting.


Finn Erik Solvang


Entrepreneur with 20 years experience in the foamed glass and geothermal industry, patent design, and business model innovation for recycled materials and renewable energy resources.


Ralf Krueger


Over 20 years of experience as CFO, international business finance manager and analyst. His background is in start up corrosion protection (Thermission AG) and chemical multinational companies, polyethylene, polypropylene, polystyrene, thermoplastics and coatings (Dow Chemical).


Maria Jennifer Milleza

Accounting - HSE

17 years experience from legal, accounting and administration of calls.


Norman Blank

Advisory Board

PhD in chemistry , over 30 years as senior executive responsible for R & D in the chemical industry, mainly sealant & adhesives for industry and OEM, construction chemical and roofing membranes for WR Grace, Henkel and Sika.


Sergio Capelli

Advisory Board

Over 30 years experience as Senior Global  executive leader in different functions (R&D, Commercial Operation) for Paint and Adhesives & Sealants Industry (PPG) , Base and Specialty Chemicals (DOW)  & Steel Industry (Tenaris).


Contact Us

Minolite Materials AS

Eggemoen Aviation and Technology Park

Rotorveien 22, 3514 Hønefoss, Norway

Po. Box 2020, N-3103 Tønsberg, Norway

Valunor AS

Stensarmen 3A,

Po.Box 2020, N-3103 Tønsberg, Norway

Valunor AG

C/O Fellmann & Partner AG

Grafenaustrasse 7, CH-6300 ZUG


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