Investor Presentaiton

Glass Manufacturing Plant ☐ Puerto Rico Once Manufactured Glass Packaging Reducing Waste and Building Employment One idea to bring back to the Island's business sector would be capturing post-consumer recycled glass and remaking it into new containers - this, in turn, would reduce waste and build employment Puerto Rico knows this industry well, as it was once a producer of glass packaging A local glass plant could capture post-consumer recycled glass and combine it with locally sourced silica to make glass once again on the Island Product could be used for packaging and other inputs to manufacturing on the Island When Owens-Illinois closed its Alta Vega plant in 2008, it was servicing demand from Bacardi and Cerverceria India Access to lower-cost energy, perhaps LNG, could make Puerto Rico more competitive in this arena Leveraging Puerto Rico's Strengths There is demand for glass packaging on the Island and it is expensive to import glass from other sources Glass is a relatively low-value commodity and shipping empties over long distances is inefficient and wasteful High packaging costs impact manufacturers and may be making production on Puerto Rico less competitive There are no Island-wide recycling programs, which means that glass waste is landfilled today rather than being captured and reused Puerto Rico's existing landfills are filling up, and there are concerns about how to add capacity in the future Diversion of post-consumer glass could provide needed inputs for glass manufacturing and reduce demand for landfill space Moving Ahead Requires... Studying demand for glass packaging on the Island Speaking with users of glass to determine where they get packaging, current costs, and opportunities for improvement Exploring the implementation of recycling protocols on the Island with the appropriate solid waste management agencies and contractors Who would be interested in running in these types of programs? - - How would recycled materials be segregated and transported? What would it cost? - What types and quantities of materials could be recovered? How would this initiative impact the current landfill situation? - What other benefits could be derived? SEABURY MARITIME 42

View entire presentation