To solve many problems in quantum molecular physics without additional approximations require classical computing methods that scale exponentially with the size of the system, the electronic structure problem and quantum dynamics modelling is a few examples. Newly emerged technology of quantum computing was met with great enthusiasm for providing ways to solve these problems with better computational scaling. Yet, the new technology requires new algorithms. This gave rise to the field of quantum algorithm development for quantum physical applications. In this workshop, we would like to invite experts in the field of quantum algorithms for molecular physics problems to stimulate exchange of ideas between groups that develop different type of quantum algorithms and to promote awareness of the most recent developments. Both academia and industry researchers will be represented to stimulate further possible collaborations between the two sectors. In addition, we would like to invite a few researchers who do not work in quantum algorithms but are at the forefront of development of highly accurate classical computing algorithms in the areas of the electronic structure and quantum dynamics. This will provide clarity on the state-of-the-art techniques in classical computing, which is vital for accurate demonstrating possible quantum advantage in the future.