Cassandra Oil was established in 2011 to commercialise the reactor technology invented by the company's founder and principal shareholder, Mr. Anders Olsson.
Mr. Olsson first came into contact with the oil lakes in the Middle East when he was sent there to evaluate known decontamination technologies. While conducting this evaluation, he systematically combined known technologies with inventions of his own and, in 2010, was ready to file his first patent application for registration. Anders Olsson has driven and funded the development of this technology along with a number of partners and financiers. They have transferred all assets to Cassandra Oil for payment in the form of shares.