WCRM Investor Presentation

8/7/2019 WCRM Investor Presentation

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Investor Presentation08 12 2010


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IntroductionIntroductionIntroductionIntroduction

Green EnviroTech (GET)is aninnovative materials

processorthat will revolutionize therecycled plastics

market by using a unique and proprietary technology that

createshighquality plasticresin andcrudeoil from theshreddedresidueof automobiles and appliances

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Current MarketCurrent MarketCurrent MarketCurrent Market

11 million automobilesshredded annually across the U.S.

25% ofeachvehicles weight classified as unrecoverableshredderresidue

3.5 million tonsof plastic used annually by the US automotive and applianceindustries

Shredder Residue

Automobile

ShreddersLandfill

Auto and

Appliance

Industries

Plastic

Producers

Resin

Compounders,

Formulators &

Distributors

Virgin Plastic

Converted

Plastic Pellets

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ProblemsProblemsProblemsProblems

Shredder Residue

Automobile

ShreddersLandfill

Auto andAppliance

Industries

Plastic

Producers

ResinCompounders,

Formulators &

Distributors

Virgin Plastic

Converted

Plastic Pellets

Automobile Shredders

High cost of disposal

of SR

$20/ton tipping fees

4 million tons automobile and appliance shredder

residue disposed annually in US

$120 million cost to US auto

shredders

Difficulty removing

valuable plastics from SR

Complex process to separate materials

Recovered plastic from SR contains hard to remove

hazardous waste

920K tons of valuable plastics end up

in the landfill every year representing

$720 million per year

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Shredder Residue

Automobile

ShreddersLandfill

Auto andAppliance

Industries

Plastic

Producers

ResinCompounders,

Formulators &

Distributors

Virgin Plastic

Converted

Plastic Pellets

Resin Compounders, Formulators & Distributors

Difficulty sourcing recycled plastic

resins that meet performance

requirements of end users

Typical recycled material from Industrial Scrap that is generated by

manufacturing processes (making parts) is inconsistent in its supply.

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Landfill

Auto andAppliance

Industries

ResinCompounders,

Formulators &

Distributors

Plastic

Producers

Virgin Plastic

Converted

Plastic Pellets

Shredder Residue

Automobile

Shredders

Shredder Residue

Automobile

Shredders


Auto and Appliance Industries

G

reenhouseG

as emissions reductionsacross supply chain Must reach deeper into the supply chain to affect largerG

HG

reductions Virgin plastics production is a large source ofGHG emissions

Fluctuating cost of plastics Plastic prices have increased 62% over the last 2 years

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OpportunityOpportunityOpportunityOpportunity

Shredder Residue

Automobile

ShreddersLandfill

Auto andAppliance

Industries

Plastic

Producers

ResinCompounders,

Formulators &

Distributors

Virgin Plastic

Converted

Plastic Pellets

4

23% of shredder residue (920K tons annually) is recoverableplastic that can be recycled into high quality plastic resin


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Shredder Residue

Automobile

ShreddersLandfill

Auto andAppliance

Industries

lastic

roducers

ResinCompounders,

Formulators &

Distributors

Virgin lastic

Converted

lastic ellets


High cost of disposal of SR Plastic recovery from SR could save over $18.5 million in disposal costs in US

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Shredder Residue

Automobile

ShreddersLandfill

Auto andAppliance

Industries

Plastic

Producers

ResinCompounders,

Formulators &

Distributors

Virgin Plastic

Converted

Plastic Pellets


Difficulty sourcing recycled plastic

resins that meet performance

requirements of end users

920K tons of recycled content plastic resin could be provided into the market

from SR (assuming 89% conversion rate from plastic in SR to recycled plastic

resin)

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Landfill

Auto andAppliance

Industries

ResinCompounders,

Formulators &

Distributors

Plastic

Producers

Virgin Plastic

Converted

Plastic Pellets


Automobile

Shredders

Shredder Residue

Automobile

Shredders


GreenhouseGas emissions

reductions across supply chain

Plastic from SR could lower GHG emissions by 10 million tons per year versus virgin plastic

productionFluctuating cost of plastics Recycled plastic resins produced from SR are lower in cost than virgin plastic resins.

$20 cost savings per car on average equals $220 million savings per year in US

$0.10/lb cost savings in lawn, appliances and office equipment, $240 million savings per year in

the US

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Shredder Residue

Automobile

ShreddersLandfill

Auto andAppliance

Industries

Plastic

Producers

ResinCompounders,

Formulators &

Distributors

Virgin Plastic

Converted

Plastic Pellets

4

The market revenue opportunity for plastic resin production from

shredder residue in the US is $550 million per year.

The market revenue opportunity for oil production fromshredder residue in the US is $155 million per year.


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Plastic Co

Solution = Green EnvirotechSolution = Green EnvirotechSolution = Green EnvirotechSolution = Green Envirotech

Landfill

Shredder Residue

Recycled plastic

Converted pellets

Automobile

Shredders

Resin

Compounders,

Formulators &

Distributors

Auto and

Appliance

Industries

Shredder Residue

GETGET

OilCompanies

Recycled Plastic

CrudeOil

Converted

Plastic Pellets

Landfill

Plastic

Producers

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Management TeamManagement TeamManagement TeamManagement Team

Gary DeLaurentiis, Chief Executive Officerand Chairman35 yearsof business leadership experience

Started and ledseveral successful companiesin the plasticsindustry (Plastics II, RPX Corp,ANEW Corp, Fixcor Industries, Eco2 Plastics)

Winnerof PopularScience 2009 Top 100 Innovations award forEco2 Plastics

Lou Perches, Chief Operating Officer35 yearsof plastic businessexperience

RAB,ISO certified lead auditorGreen Belt Six Sigma

Andrew Kegler, ChiefTechnology Officerand DirectorFounded ErgonomyLLC, a chemical processengineeringcompany

Developed andimplemented the first fully automated, water free,recycled plastic finishingcleaner

WayneLeggett, Chief Financial Officerfinancial experience

FormerAssistant TreasurerforTheGoldfield Corporation

FormerPartnerin the public accounting firm of Hamrick,Leggett & Associates

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Addressing Market DriversAddressing Market DriversAddressing Market DriversAddressing Market Drivers

Shredder ResidueConverted pellets

Oil

Companies

Auto and

Appliance

Industries

Resin

Compounders,

Formulators &

Distributors

Converted

Plastic Pellets

Recycled Plastic

GETGET

CrudeOil

Automobile

Shredders


Consistent service to

take SR at lower cost

than landfill

Co-location with shredder facilities to ensure

consistent supply for GET and consistent

material removal service for shredders

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Oil

Companies

Auto and

Appliance

Industries

Resin

Compounders,

Formulators &

Distributors

Converted

Plastic Pellets

Recycled Plastic

GETGET

CrudeOil

Automobile

Shredders


Meet high performance requirements for

plastic resins set by end users

GET recycled plastic resin meets virgin plastic

performance characteristics

Stable and consistent source of recycled

content plastic resin

Long term contracts with shredders guarantee

consistent supply for Resin C, F & Ds

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Oil

Companies

Resin

Compounders,

Formulators &

Distributors

Converted

Plastic Pellets

Recycled Plastic

GETGET

CrudeOil

Automobile

Shredders


Consistent sources of recycled

content plastics to meet recycled

content mandates

Long term contracts with shredders guarantee consistent

supply for Resin C, F & Ds

GreenhouseGas emissions

reductions across supply chain

Output from GET process creates significantly fewer tons of

GHG per ton of plastic than virgin plastic production

Price stability for plastics More stable input sources and expenses for GET lead to more

stable pricing for recycled content plastic resin product

Auto and

Appliance

Industries

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Green EnviroTech Product PerformanceCharacteristicsGreen EnviroTech Product PerformanceCharacteristicsGreen EnviroTech Product PerformanceCharacteristicsGreen EnviroTech Product PerformanceCharacteristics

Ravago, a futurecustomerofGET, performed testson the SR plasticresinfrom theGET processin June 2010.

GET plastics from SR meet orexceed all of therequired performance,quality andsafetycharacteristicsofvirgin plasticresins

GETresin met all of thecritical

automobile performance

characteristics forshrinkage,tensilestrength and flex

PCB removal process produced

concentrations (ppm) 8x below

environmental safetystandard

requirements

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Oil

Companies

Auto and

Appliance

Industries

Resin

Compounders,

Formulators &

Distributors

Converted

Plastic PelletsRecycled Plastic

GETGET

CrudeOil

Revenue SourcesRevenue SourcesRevenue SourcesRevenue Sources

Automobile

Shredders

Partnership to ensure supply

of 100K tons per year of SR

No waste ownership by GET

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Share revenues

with GET from

recovered metals


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Oil

Companies

Auto and

Appliance

Industries

Resin

Compounders,

Formulators &

Distributors

Converted

Plastic Pellets

Recycled Plastic

GETGET

CrudeOil

Automobile

Shredders


Ravago Corporation:

American and worldwide leader in resinproduction

Co-location planned at Green EnviroTechs

Wisconsin plant and all future GET locations

Agreement to accept a majority of the sites

resin output to fuel its network of automotive

and durable goods manufacturing clients

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Share revenues

with GET from

recovered metals

Gross Revenue

= $1980/ton PP/TPO, $1860/ton ABS


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Oil

Companies

Auto and

Appliance

Industries

Resin

Compounders,

Formulators &

Distributors

Converted

Plastic pellets

Recycled Plastic

GETGET

Crude oil

Automobile

Shredders


Gross Revenue = $72/bbl

(Current price of oil less 10%

discount for market penetration)

10% of total GET revenues

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Share revenues

with GET from

recovered metals

Gross Revenue


Gross Revenue

= $1360/ton plastics produced


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Converted pellets

Oil

Companies

Auto and

Appliance

Industries

Resin

Compounders,

Formulators &

Distributors

Converted

Plastic Pellets

Recycled Plastic

GETGET

CrudeOil

Automobile

Shredders


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Share revenues

with GET from

recovered metals

Gross Revenue


Price paid

= $2160/ton plastic

(avg)

Gross Revenue


Current price of plastic less 10%

discount for market penetration


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Oil

Companies

Auto and

Appliance

Industries

Resin

Compounders,

Formulators &

Distributors

Converted

Plastic Pellets

Recycled Plastic

CrudeOil

Automobile

Shredders GETGET

9

Share revenues

with GET from

recovered metals

Green EnviroTechOperating Cost =

$700/ton plastic

Gross Revenue


Gross Revenue


Price paid

= $2160/ton plastic

(avg)


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GreenGreen EnviroTechsEnviroTechs Technical ProcessTechnical Process PlastExtractPlastExtractGreenGreen EnviroTechsEnviroTechs Technical ProcessTechnical Process PlastExtractPlastExtractGreen EnviroTechs platform integrates threedifferent technologiesinto a single process

ofdiscretestages:

Separation of mixed plastic by plastic type

High quality recycled plastic to be compounded to

end-customer specifications

Low quality plastic, non-tire rubber and carpet by-products recovered and

converted to high grade sweet crude oil

esin compounding to customer specifications

erformance characteristics matching virgin production methods

Separation of plastic, nonSeparation of plastic, non--tire rubber, fiber and metaltire rubber, fiber and metal from SS

emoval of CB and other contaminants from plastic

Cleansing of plastic through pressurized CO2 and co-solvent

cleaning agents

Stage 1:Material Separation

Stage 2:Liquid CO2 Cleansing

Stage 3:Classification

Stage 4:

Crude Oil Conversion

Stage 5:Compounding

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Green EnviroTechs Technology PartnersGreen EnviroTechs Technology PartnersGreen EnviroTechs Technology PartnersGreen EnviroTechs Technology Partners

Green EnviroTechsgroundbreaking businessis facilitated through licensedtechnology from world leadingrecycling technology providers

Plastic to Oil Conversion Process

Mixed waste plastics conversion into sweet crude oil

Patent pending technology

VW-SiCon and PolyFloat Processes

Plastic separation process from SR

Plastic separation by plastic resin type

Super Critical CO2 Cleaning Process

PCBs and other contaminants removal from plastic resins

Partnership: Cooperative agreement with exclusive rights in SR

Partnership: Life of patent contract with exclusive rights

Partnership: Patent contract with 10-year exclusive rights

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CompetitionCompetitionCompetitionCompetition

GEThasnodirect competition todate becausenoothercompanyinthe market hasyet developed the ability torecycle plasticresin from ASR. However,several ventures andresearchinstitutions areworking to find a solution to the problem.

GEThas addressed these potential futurecompetitors by tying up thesourcesof therequired technology through long-term,exclusive arrangementsin this particularvertical.

MBA Polymers UK Joint venture between MBA Polymers

Inc. and European Metal RecyclingLtd.

Innovative Environmental Solutions UK Ltd. - Joint venture

between Chinook SciencesLtd. and European Metal

RecyclingLtd.

Argonne National Laboratory

Funded by the United StatesDepartment of Energy

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Landfill

Future Growth PlansFuture Growth PlansFuture Growth PlansFuture Growth Plans


Oil Companies

CrudeOil

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Riverbank Plant (Riverbank, CA)

Oil Drilling

Farmers and

Ranchers

AG Film


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Future Growth PlansFuture Growth PlansFuture Growth PlansFuture Growth Plans

Shredder Residue Converted pellets

Oil Companies

CrudeOil

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Riverbank Plant (Riverbank, CA)

Oil Drilling

GETGET

Farmers and

RanchersLandfill

AG Film

There are approximately30 million poundsof AG Film available to be

converted tocrudeoil nearby the Riverbank plant on an annual basis.

Usingits license agreement with Agilyx,Green EnviroTechs Riverbank plant willproducecrudeoil from AG Film at an annual rateof 15 million pounds.


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SummarySummarySummarySummary

Green EnviroTech will revolutionize the recycled plastics market by:ReducingGHGemissions by a minimum of 10mtons/year.

Massivesavings across all industriesinvolved.

Securing a consistent supplyof low/nocost raw material.

Performancecharacteristicsidentical tovirgin plastic atsignificant discounts.

Securing long term purchasecontracts with Fortune 500companies.

Locked up exclusive licensing agreements withtechnologyowners.

Sweet crudeoil is a by product ofourprocess providingsignificant supplemental revenue.

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WCRM Investor Presentation