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Investor Presentaiton

Chemical Distribution into the Caribbean and S. America ☐ ☐ ☐ ☐ Chemical Transshipment, Forward Inventory, and Redistribution Chemical transshipment, forward inventory, and redistribution could be a compelling offering for Puerto Rico Position Puerto Rico as a hub for chemical shipping in the Caribbean; attract chemicals and other liquid bulk cargo to the Island for repackaging and redistribution. Sources could include international producers, and with a Jones Act waiver, US mainland producers. Create a transload site in the South of the Island utilizing pre-existing infrastructure at Guayanilla, including 26 million gallons of capacity in 34 existing tanks, with 12 pipelines to the Guayanilla docks. The port at Guayanilla can accommodate vessels of up to 800 foot in length. - Chemical tankers a generally small due to the nature of demand for chemical cargoes and the need to serve smaller ports. This means that the shallower 37' channel at Guayanilla is likely appropriate for this type of traffic. Build capability to receive product in bulk via chemical tanker and ship in bulk or repackage into liquid bulk ISO containers, IBC (intermediate bulk container) totes, or drums Target redistribution markets in the Caribbean and South America, and local demand on Puerto Rico Leverage Puerto Rico's substantial history in petroleum and chemical production, processing, and logistics Leveraging Puerto Rico's Strengths Developing chemical logistics offerings on the South Coast plays to Puerto Rico's strengths - Provides a productive use for underutilized capacity at Guayanilla and possibly Ponce if ISO container shipping is implemented Leverages labor and skills that already exist in the area Revives a local economy that has suffered since the closure of the chemical plants and the refinery Allows for redevelopment of brownfield sites for appropriate uses Establishing repackaging operations brings job creation opportunities and construction demand through investment in chemical packaging lines and other infrastructure Pursuing this initiative will create local jobs and potentially make Puerto Rico manufacturers more competitive through access to lower-cost inputs SEABURY MARITIME STOLT TANKERS Moving Ahead Requires... Evaluating demand and testing interest among chemical shippers Gaining commitments from chemical manufacturers and distributors Dredging Guayanilla to 37', as committed, to allow larger ships to call Establishing or expanding existing FTZs to accommodate chemicals Consider adding waivers for other liquid bulk commodity shipments Immediate next steps should include: Studying the demand for specific chemicals on the Island and in the Caribbean and South American markets Exploring the feasibility of adding a liquid bulk chemical exemption for chemical shipments from the US mainland to PR Starting initial discussions with chemical manufacturers and distributors about the opportunity 38

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