The Ethiopian Sheet Project - ESP

• Global Plastic Recycling Solution

• Efficiently converting any form of plastic waste into new, competitive products

• Establishing a new market which offers huge profit potential

• Strategic partnership with USA and UK partners

Nathaniel Wodajeneh
Alec Wragg
Noli Wodajeneh
PRIVATE & HIGHLY CONFIDENTIAL
(recipient not to pass on to any third parties without express permission) Dawit Solomon
Contents
Business Concept
The Ethiopian sheet project (ESP) will use the technology to enable efficient conversion of previously
unrecyclable plastic into substitute products with global market potential
Plastic Recycling Market
Most plastics cost more to produce than metals

Globally only 15% recycled

Sorting mixed plastic waste either uneconomic, not possible, or

socially unacceptable

Disposal via landfill and incineration becoming increasingly

expensive

Export increasingly unviable

Environmental, legislative and societal demand are forcing industry

to increase recycling rates
Our Solution:
Transform waste into new, commercial, substitute products,
converting a cost into a profit stream
Legislation

EU Proposed targets for Increased Plastic Recycling Legislation will act as a driver to expand the market

2014: EU adopted proposals for the future of waste and recycling

targets within Europe as part of measures towards achieving a
circular economy
2015: EU established a more ambitious circular economy strategy
to transform Europe into a greater competitive resource-efficient
economy
2025: EU is proposing a ban on sending recyclable materials such
as plastics to landfill by 2025, as well as phasing out landfilling of
waste by 2030.
2030: EU legislative proposals set minimum recycling rates for
packaging in Europe increasing to 45% by 2020 and 60% by 2030.
2030: EU proposal for increased target to recycle or reuse 70% of
municipal waste by 2030, an increase on the current 50% by 2020

Target increase in EU plastic recycling: >900K Tonnes p.a.

ESP will be a global innovator in helping create
Target increase in UK plastic recycling: >106K Tonnes p.a. environmentally responsible products 
The Whole Process
From plastic waste to real products

Product
Distribution
Product
Manufacture
Blended
Powder
Separation Production
Process
Waste d Va lue
Collection Adde
Collection (Local Communities)
Quality Control

Cleaned granules are Laboratory test for Results are recorded

prepared for testing controlled additives

Sample products produced for testing Mechanical properties tested of sample products
 Blended Powder Production
Regrind blender

Screened powder
ready for
Microniser manufacture

Specific blends are

produced from the pre
processed material
Process flow for 35k per Yr.
Process to produce 150k per Yr
Product is Manufactured

Tested and blended powder

Option 1: Product Distribution at 35K per Yr.

Sorted E-
Waste

ESP ETH Build up value chain

ESP UK
Powder
+ Board Distribution
Board Production 20% of sheets

80% of boards will be

used to start the
domestic market
Option 2: Product distribution at 100k per Yr.

Sorted E-
Waste

ESP ETH Build up value chain

Powder production
+
ESP UK
Board Production
Board Manufacture 80% of sheets

More boards will

be sold
domestically as
market grows
Relationship with US and UK counterparts
RPT US plant
ESP Tentative Cash Flows
 Project Support - ARUP
• Close relationship with Arup which will provide consultancy support where necessary covering all aspects of our
business
• Arup is a global market leader in the provision of engineering and strategic project consultancy with 12,800 staff
operating in 146 countries world-wide
• Projects range from the UK High Speed 2 rail network, Second Avenue Subway in Manhattan, Sidney Opera House
to Wireless charging for electric vehicles.
• Arup very supportive of our technology and keen to become involved due to belief in commercial potential and to
assist it’s own environmental credentials
• Arup has launched countless new products from teams including Primary Research, Advanced Technology,
Software development and Product Design
• We have already undertaken a significant amount of development work with Arup

18
Single Mould / “PIM” technology
• ERT licensed single mould technology to 2K plc in
2011 to recycle mixed stream plastic waste into
flat panel boards

• This pioneered a new market in composite panel

products

• 2k went into administration in 2013: production

facilities far too large, overheads out of proportion
and debt burden

• The product was well received and 2k sold all

product produced

2K Production Facility based in Luton, UK

Construction Market - Plywood Replacement

Site study undertaken by

Thames Valley Construction

Polymer Composite form sheets

Photograph indicates plastic

Douglas Fir Plywood sheets create an equivalent
construction outcome to more
expensive Pourform, the market
Pourform
leader in formwork timber, and a
superior result to basic plywood
Flat Sheet Examples
• A display of composite flat sheet in varying colours next to a plywood equivalent.
• After 10 days of exposure there is obvious evidence of decay on the plywood product versus the composite sheets
 Potential Value of UK Flat Board Market
UK Contracting Market = £63 Billion / Year
UK Construction Services Market = £14 Billion /Year
UK Building Materials = £13 Billion/ Year
Total = £90 Billion/ Year

Proposed legislation would increase annual EU Plastics Recycling by 900,000 metric tonnes / year

• Assume 50% of the collected plastics are un-sortable Mixed Plastics = 450,000 metric tonnes / year

• Sales Potential: 450,000 metric tonnes producing 2.4m x 1.2m flat

sheet board @ 30Kgs/sheet = 15 Million Sheets / year

• Sales value @ 50 Euro/Sheet = 750 Million Euro / year

750 Million Euro sales of substitute plastic boards represents only 0.8% of Total UK Building construction market

Sources; PlasticsEurope – ‘Plastics the Facts 2014/15 ‘ report ;

End Product Examples

Ceiling soffits
Optional skin colours

Dry wall support

Flat sheet from

Tetrapak waste Flat sheets
Roofing tiles

Sound-proof barriers
Commercial Model

DWR

License Licence fee

Know-how/recipes ‘Turnkey’ operation fees
‘Turnkey’ operation services Royalties
ESP ETH
Licensee
ESP
Licensee

DWR
Supply of
Waste Manufacturing
powdered Sales and Product
segregation &
plastics and distribution development
PROCESSING additives

End of life recycling

 Production Process Focus
Waste electrical feedstock Pre-processing Blending and testing
to achieve correct
Domestics feedstock Pre-processing ratio

Nitrogen blowing agent Micronizing

Panel
SKIN is heated CORE is heated
Production
DWR Management
Jeremy Allen – Chairman Lee Clayton – CEO

 Former Global Head Equity Research and  Senior management experience in polymer
Board Member Dresdner Kleinwort Equities recycling industry 
 Chairman, NED, business consultancy  CEO quoted plc, General Manager and
experience Project Manager for range of polymer
 Board, people and organisational processing businesses
management, strategy, target and objectives  Day to day management, technology
monitoring, financials development, technology commercialisation,
project management and consultancy
Lee Clayton - Industry Expertise
Intercontinental Recycling Ltd Shabra Recycling Monoworld Recycling
• £6 million facility (AMUT/STADLER • €3.5 million facility (REGMAC/BOA) • £9 million facility (AMUT)
Recycling) • Monoghan City, Ireland • Northamptonshire
• Lancashire • 40,000 tonnes per year • 100,000 tonnes per year
• 30,000 tonnes per year
September 2010 January 2016
March 2008

Delleve Plastics Ltd Intercontinental Recycling Ltd Viridor Polymer Recycling Environmental Recycling DeltaWaste and DeltaResource
General Manager, Operations General Manager Limited Technologies PLC Management Ltd
Director 2006 -2009 General Manager CEO Director
1997 -2006 2009 -2012 2012 -2015 2006 -Present
Summary
• Near certainty plastic recycling will become a multi-billion $ global business

• Revolutionary technology that will solve a global problem

• A tiny share would create very attractive profits for ESP and a substantial
exit business valuation

• Venture capital: risks and rewards

• Extremely dedicated, professional and experienced management team

• With marketing not yet commenced already have a number of strong

enquiries

• Alchemy: we intend to turn a cost into a valuable resource

Appendix
 Defining the UK construction sector
The construction sector is a key sector for the UK economy and comprises a wide range of products, services and technologies. These are likely
to vary in terms of the economic value they generate, reflecting differences in their use of particular factors of productions (raw materials,
physical capital, intangible investment, skilled and non-skilled labour and knowledge) and the value which they generate from them.
For the purpose of this presentation the construction sector is defined as: (i) construction contracting industry; (ii) provision of construction
related professional services; and (iii) construction related products and materials. Figure 1.1 provides more information on the type of
activities and products by each sub-sector and their size in terms of gross value added (GVA) and employment.
CONTRACTING • Construction of buildings e.g. commercial residential
2,030,000 JOBS • Civil engineering e.g. roads, tunnels, bridges, utilities
234,000 • Specialized construction activities e.g. electrical and plumbing
BUSINESSES installation, demolition and site preparation, plastering, painting,
£63 billion GVA roofing etc.

SERVICES • Architectural & quality surveying activities

580,000 jobs • Wholesale of wood, construction & materials
30,000businesse • Wholesale of hardware, plumbing & heating equipment
s • Renting & leasing of construction equipment
£14 billion GVA

PRODUCTS
310,000 jobs • Manufacturing of construction products & materials:
18,000 • E.g. bricks, tiles, cement, concrete products and plaster
businesses • Metal structures, doors and windows of metal, wood etc,
• Wiring devices. Electric lighting equipment etc
£13 billion GVA

Source: GVA an no. of businesses: ONS Annual Business Survey (2011 provisional results). Employment: BIS analysis of ONS
Labour Force Survey micro-data (Jan – Mar 2013 data).
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