Verde Investment Highlights slide image

Verde Investment Highlights

Biodegradable While Being Competitive With Petroleum-Based Products PolyEarthylene PBAT TLGY о Tensile Strength(1) Up to 5500 PSI Up to 5500 PSI Up to 3900 PSI Up to 5800 PSI Biodegradable × Compostable Recyclable Cost Applications $1.5-$1.8 per lb. Durable packaging Consumer products Beauty product packaging Automotive ttt * Best-in-Class / Superior Inferior / Not Meet Requirement x 1 GRADE $2.0 - $2.5 per lb. $0.4 - $1.0 per lb. $0.8 - $1.2 per lb. Home compostables Often blended with other plastics as an additive ■Rigid containers, packaging Consumer durable goods film & plastic bags Wire & cable insulation ■Automotive interiors Textiles 4 Petroleum based • • PolyEarthylene TM offers strength and mechanical properties that are consistent with its petroleum-based counterparts, plus an added benefit of a circular end-of-life. Although petroleum-based plastics do breakdown over the course of 150-1000 years (depending on the application), they will never biodegrade and end up as tiny fragments of microplastics, but the materials themselves will never return to nature. Tragically, these microplastics attract toxins and are then found in the food packaging, air systems, and consumer products. A recent study found that humans roughly consume and inhale more than 75,000 particles of plastics per year. • We believe PolyEarthylene TM is an economically feasible and sustainable solution that has the potential to allow for true biodegradation and recyclability without losing optimal properties attributable to petroleum-based plastics, such as strength, temperature tolerance, stable shelf life, and a high processing range for durable goods production. Source: Verde/Expert Interviews, TLGY analysis Note 1. PSI is a unit of pressure expressed in pounds of force per square inch of area. Verde 12
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