Verde Investment Highlights
TLGY
High Volume Production Capacity
Expect to secure both feedstock and capacity required to meet Yr 1 and Yr 2 forecasts
•
•
Braskem is a Brazilian petrochemical company ranked number 6 globally in resin production¹. It is the largest player in the Latin America region and world's
leading green polyolefins producer, with 200K tons capacity. Braskem is a strategic supplier to Verde. Verde believes that an expanded partnership with
Braskem will help establish PolyEarthylene TM as a highly scalable and economical alternative to mainstream plastics.
Verde is currently in discussions with, and expects to further partner with, other suppliers to develop localized supply chain across the Asia Pacific and
Europe to further expand capacity.
Expansion Timeline
•
FY20
Began R&D on
PolyEarthylene™,
compounding
formulations at OEM
facilities and pilot
industrial applications
• Received FDA-Title 21 for
food contact compliance
opinion
1H22
• Completed construction of
Fullerton facility
•
Began strategic supply
discussions with Braskem
2Q25 projected
• Continue build out capacity at
Fullerton facility - 2nd phase
PEL capacity expand
• Braskem expects to complete
Green PP facility
PolyEarthylene TM Estimated Production
Capacity Requirement
(Million lb)
.
Demonstrated Track Record of Progress and Innovation Poised for Exponential Growth
FY21
Began construction of
PolyEarthylene™
manufacturing facility in
Fullerton, CA (50 million lb /
23k tons p.a.)
• ASTM D5338 industrial
compostability testing
underway
2H22
• Commenced production at
Fullerton facility
• Commenced build out capacity
at Fullerton facility, 1st phase
PEL capacity of 50M lb p.a. by
2024
2Q26 projected
• Continue build out capacity at
Fullerton facility - 3rd phase
•
PEL capacity expand
Expect to build large volume
facility in Midwest U.S. to
further increase production
capabilities
Yr 1
Yr 2
Volume
6
35-47
Source: Braskem FY21 Annual Report/Verde
Note: Year 1 represents the 12 month period from T minus six months (T-6) to T plus six months (T+6), where T is the closing date. For example, if the Proposed Transaction were to close on
December 31, 2023 then Year 1 would be between July 1, 2023 to June 30, 2024.
Verde
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