Clean energy, cost and thermal efficient, based upon our patented gasification technology. Confidential – Property of Cortus Energy AB 1. CORTUS AB Affärsidé Cortus affärside är att tillhandahålla miljövänlig och kostnadseffektiv förnybar energigas till energiintensiv industri baserat på den patenterade förgasningstekniken WoodRoll ®. Vision Cortus vision är att bli en internationellt ledande leverantör av förnybar energi och bidra till en lönsam grön omställning av energiintensiv industri. Strategi Cortus skall initialt fokusera på ett fåtal utvalda kunder och applikationer. Kundernas behov av miljövänlig förnybar energi ska ske genom försäljning av energigas, försäljning av anläggningar eller genom licensiering av Cortus teknik till partners med en global närvaro. Confidential – Property of Cortus Energy AB 2 1.1 CORTUS AB Cortus was founded in 2006 to develop and commercialize the patented WoodRoll® technology in biomass gasification The WoodRoll® technology has been verified by: • Technology assessment studies by a major engineering consultancy firm that also identified it as "beyond state-of-theart“ • Technology tests • Lab scale at KTH (Royal University of Technology, Stockholm) • 150 kW feasibility (2009/2010) • 500 kW plant (2011-), Köping The WoodRoll® technology is based upon proven industrial technology put together in a new fashion. Confidential – Property of Cortus Energy AB 3 1.2 WHY WOODROLL GASIFICATION? Flexible in biofuel Recycled wood Sludges Rest products Clean energy gas Energy yield 80% 1.Drying 2.Pyrolysis 3.Gasification Clean energy Best CAPEX/OPEX! Confidential – Property of Cortus Energy AB 1.3 INTELLECTUAL PROPERTY – WOODROLL® Prioritized countries for PCT applications Patents in WoodRoll® 1.0 4.0* 3.0 5.0* 2.0 * PCT Pending 1.0 2.0 3.0 4.0 5.0 Region Gasification process Hydrogen Production Indirectly heated gasifyer Injector Bio coke production EU Yes Yes Yes Yes USA Yes Yes Yes Yes Canada Yes Yes Yes Yes Japan Yes Yes Yes Yes Brazil Yes Yes Yes Chile Yes Yes China Yes Yes India Yes Yes South Korea Yes Yes Russia Yes Yes TBD The first technology patent for WoodRoll® was granted in Sweden in 2008 Cortus has been granted two more patents in Sweden in early 2010 – WoodRoll® During 2010 two more applications have been filed, these patents, 4.0 and 5.0, are pending PCT* applications have been filed for the three first patents – Further patents within the gasification technology will be applied for in 2011 * An international application filed under the Patent Cooperation Treaty Confidential – Property of Cortus Energy AB 5 1.4 USP’S 1. Cost efficiency 1. Flexible fuel supply – from wood to waste 2. Proven industrial technology – put together in a new fashion 3. Low manpower demand – built for remote operation or co-operation 2. High thermal yield 1. 80 % of fuel energy converted to energy gas 2. Additional district heating capacity (10%) Confidential – Property of Cortus Energy AB 6 1.5 NORDKALK – ROAD MAP AND CORTUS RATIONALE Stage One – 5 MW In operation Q2 2014 Investment 70 MSEK Stage Two – 5+20 MW In operation Q2 2015 Investment 20 MW 140 MSEK Nordkalk Contract • The 25 MW plant is owned and operated by Cortus • 10 year “Take-or-pay” agreement • Fixed energy gas pricing • Long term fuel contract Confidential – Property of Cortus Energy AB 7 1.6 PROFITABLE CLEAN ENERGY 1.Affordable renewable energy 2.Diversity of biomass 3.Energy independence Confidential – Property of Cortus Energy AB 2. NORDKALK Confidential – Property of Cortus Energy AB 2.1 Nordkalk – In Brief Confidential – Property of Cortus Energy AB NORDKALK IS THE LEADING PRODUCER OF HIGH QUALITY LIMESTONEBASED PRODUCTS IN NORTHERN EUROPE Founded 1898 in Pargas Finland Personnel: about 1180 Net sales 369.2 M€ (2011) Member of the Rettig Group Runs 18 quarries and 3 underground mines Extracts 14,5 million tons of limestone per year (2011) Confidential – Property of Cortus Energy AB © Nordkalk 2012 Activities in 9 countries at more than 30 locations Grinding Sales/Office Quarry Kiln Own harbour/depot - member of the Rettig Group - Confidential – Property of Cortus Energy AB12 2.2 NORDKALK – WOODROLL® RATIONALE Nordkalk – WoodRoll® rationale Coal energy cost per year, today: = Energy cost per year, WoodRoll® 25 MW + other fuel + Savings: 10 MSEK per annum 70,000 tonnes less CO2 Confidential – Property of Cortus Energy AB 13 2.3 NORDKALK – WOODROLL® POTENTIAL • • • • • Köping, Sweden Luleå, Sweden Gotland, Sweden Brahestad, Finland Rakke, Estonia 5 + 20 MW 20 MW 20 MW 20 MW 15 MW Confidential – Property of Cortus Energy AB 14