Roma, 29-05-2013

Lo sviluppo tecnologico nella produzione del bioetan olo da varie matrici organiche: il modello Chemtex

A FAMILY, INNOVATIVE LEADERSIN INTERNATIONAL CHEMISTRY

Mossi & Ghisolfi Group was founded in 1953 byDomenico Mossi and Vittorio Ghisolfi to producepackaging for detergents and toiletries, mainlyfrom HDPE and PVC

● M&G Group has become:

● A world leader in PET production

● A leader in engineering technologies and EPC

● Today is a leader in sustainable chemistry and biofuels

● The M&G Group is the largest privately-owned chemical company in Italy

A CONTINUOUS INDUSTRIAL GROWTHAND GLOBAL MARKET DEVELOPMENT

Acquisition of PET Shellactivities and Rhodia from Rhone Poulenc

Acquisition of Chemtexfrom Mitsubishi Corporation

Construction of the world’’’’s largest plants for PET production in Altamira (Mexico) and Suape (Brasil)

Plans announced for a new plant in Corpus Christi (Texas, USA)

2000 – TODAY

Acquisition and PETexpansion

Development and production of PET resins for food packaging

1979 – 2000

Special chemical production

1953 - Tortona - Italy

Mossi & Ghisolfi was founded

HDPE and PVC packaging production

1953 – 1979

Packaging production

M&G IN THE WORLD

2011 Revenue: $ 2.9 billion

R&D investments in

the past 5 years : $ 200 million

More than 2,500 employees

250 researchers

More than 500 patents

Plants and offices in Italy, Brazil,Mexico, USA, China and India

3 R&D Centres:

●Rivalta Scrivia (Piemonte – Italy)

●Bari (Puglia – Italy)

●Sharon Center (Ohio – USA)

KEY FIGURES

One of the top 3 producers worldwide

POLYMERS

60 years of excellence in process development and commercialization of plants

ENGINEERING AND R&D

Proesa®: technology leader in biofuels and chemical intermediates from non-food biomass

SUSTAINABLE

CHEMISTRY

POLYMERS

M&G POLYMERS

● Roughly 20 million ton of PET are consumed worldwide each year

● M&G (with 1.7 million tons) is one of the most important global producers of PET for packaging and polyester fibers

● M&G resins are used in the production of packaging for food, beverages, cosmetics, fertilizers and disinfectants

● Polyester fiber is the most flexible among the textile fibers and is used to produce a large variety of clothes and materials used for furniture

● Technology and engineering expertise allow M&G to excel in product innovation and to be ahead of the competition in building the largest and most efficient plants in the industry: Suape, Altamira, Corpus Christi

ENGINEERING AND R&D

CHEMTEX

● Chemtex, acquired in 2004, is an engineering company specializing in the design and construction of petrochemical, polymers, fibers, energy, biofuels plants and environmental technologies

● Works globally in different offices:

● Rivalta Scrivia (Italy) – location of the most important R&D Centre of the Group with 150 researchers and 3000 square feet of laboratories and pilot plants. The Proesa®

technology was developed here.

● Sharon Center (USA) and Bari (Italy) –location of research on lignin is ongoing

● Tortona (Italy), Mumbai and Bangalore (India), Beijing and Shangai (China) where the engineering offices of the Group are based

SUSTAINABLE CHEMISTRY

BETA RENEWABLES

● Beta Renewables is a joint venture, created in October 2011, between Chemtex and the American private investment firm TPG (Texas Pacific Group), with a capital of 250 million Euros

● Novozymes, Denmark-based world-class biotech company, has recently acquired 10% share of Beta Renewables

● The JV is the owner of the Proesa® technology, used to produce biofuels and chemical intermediates

● It has invested in the construction of the world’’’’s 1st commercial-scale plant in Crescentino (Italy) that will produce 2nd generation ethanol

● Beta Renewables develops global alliances and partnerships to license the Proesa® technology

A BREAK-THROUGH IN SUSTAINABLE TECHNOLOGY Proesa ®

● The M&G Group, with an investment of 150 million Euro and after 5 years of research,has developed an exceptionally innovative technology called: Proesa®

● Proesa® is a technology platform enabling the production of biofuels and various chemical intermediates from non-food biomass instead of from fossil fuels. These chemicals find application in clothes, electronic parts,car components, sport articles and in other items.

● Proesa® uses dedicated crops grown on marginal lands not suitable for food production, or agricultural wastes

● Proesa® is a 2nd generation technology to convert sugar contained in lignocellulosic biomasses into biofuels and chemical intermediates

● Economically competitive

● Non-food and non-feed

● Positive CO2 balance

● Integration of agricultural income

2009-2010

� Pilot plant construction & start up (June 2009)

� Pilot Plant operation and data gathering

� Test of Plant flexibility using multiple biomasses

2006-2008

� Scouting of Technologies

� Generation of key inventions

� Proof of UNIT OPERATION in the labs

2011-2012

� Crescentino Plant� Collaboration

Agreements with leading synthetic biology companies

� License Agreements� Formation of Beta

Renewables� S/U of Crescentino

PROESA® development timeline

� Proesa™ is a second-generation cellulosic biomass technology, which takes inedible biomass, and turns them into high-quality, low-cost, fermentable C5 and C6 sugars,

that can then be used for the cost-competitive production of bio-

basedchemicals.

� PROESA™ is the result of over $200 million invested in R&D since 2006. This has

driven the development of our research centers leading the field in second-

generation biomass technology, agricultural test fields and pilot plant.

Proesa™advantages

� Competitive without subsidies� Environmentally superior, with up to

80%reduction in greenhouse gas emissions

� Agronomically sustainable� Highly flexible inputs, outputs� Industrial-scale

What Proesa™ does

Proesa® Process

Smart Cooking

Viscosity Reduction

Hydrolysis& Fermentation

Distillation & Drying

Lignin Separation

Steam Enzymes MO Ethanol

Biomass

Lignin

PROESA® Technology benefits:

� Feedstock flexibility� Patent Pending “smart cooking” and “viscosity reduction”:

continuous process, no chemical addition, optimal C5 & C6 sugar extraction and low enzyme dosage

� Fully integrated process design using continuous equipment to enable large scale plants

� Best in class technology with lowest capex and opex backed with process and performance guarantees

Our R&D Units

Rivalta Scrivia, Piedmont - Italy

Modugno, Puglia - Italy

Sharon Center, Ohio - USA4500 m2 dedicated to renewable

resources biochemistry and technology

Cellulosic sugar chemistry and engineering research

� Catalytic Conversion of Sugar� Lignin conversion

� Intermediate and final product separation technologies

Demonstration facilities for Bio-hydrocarbons

World’’’’s first plant

● Through our technological leadership, we have designed and engineered the world’s 1st production plant of 2nd generation biofuels

● That plant, built in Crescentino (Italy), started operations at the end of2012

● Production capacity is 40,000 tons/year of bioethanol

CRESCENTINO

Creation of Chemtex Agro to support supply chain development

Field experimentation and characterization of high yielding species

and agricultural residuals

Optimization of agronomic systems (agricultural practices, logistics-

transportation)

Collaboration with states and NGOs

16

Supply chain development

Geographical span of knowledge on Arundo

Crops studied as dedicated biomassesAcademic research backed by self conducted tests le d to selection of biomasses

*(in NW Italy’s climate)

17

ArundoDonax

MiscanthusSwitch grass

Fiber Sorghum

Yield DT/ha * 35 20 18 29

Test fields for potential clients� Bulgaria (2 years)� Ireland (1 year)� Thailand (1 year)

Data gathering from external experiences� Central America� North Africa� Hungary� Italy

Directly managed plantations / test fields� Italy (5 years)� USA� North Carolina (2 years)� Tennessee (2 years)� Ohio (2 years)� Mexico (3 years)� Ukraine (1 year)

Thanks to great flexibility of the PROESA® Technology, it is possible to locally source

agricultural waste, or energy crops , for each production site.

Locally Sourced Supply

On going field experimentation

World’’’’s first plant

Not a Science Project

Commercially Viable Today

Crescentino Plant

Proesa®

Proesa® Technology is our way

to see the future

Proesa®

…a cost competitive, low carbon alternative to petroleum derived

chemicals in a short term horizon

+

=

Process – drop-in chemicals

The biorefinery becomes reality

M&G is developing its own technologies for sugars conversion and lignin processing.

A biorefinery based on the PROESA technology will produce various products:

initially ethanol, then diols, later aromatics.

Hydrogen Catalyst

MOGHITechnology

BTX

GREGTechnology

Hydrogen

Polyols

PROESA Technology

BIOMASS

C5,6 Sugars

YEAST

Lignin

Fermentation Separation Ethanol

Fermentation/Separation

MO’

IsobutanolFatty Alcohols

1,4 BDO…

GRUPPO MOSSI & GHISOLFI HEADQUARTERS

Strada Ribrocca, 11

15057 Tortona (AL) – Italy

Ph. +39 0131 810.1

Fax +39 0131 811 759

Centro Direzionale Milanofiori

Strada 4, Palazzo A/6

20090 Assago (MI)

Ph. +39 02 82273.1

Fax +39 02 57510070

www.gruppomg.com

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