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www.pcc-luelsdorf.de 1| © PCC The PCC project in Lülsdorf, Germany PCC. Creating value together February 8, 2020 – Public information event in the Casino restaurant on the Evonik site in Lülsdorf

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Page 1: The PCC project in Lülsdorf, Germany PCC. Creating value together · 2020. 3. 4. · The PCC project in Lülsdorf, Germany PCC. Creating value together ... 2009 2015 PCC takes over

www.pcc.eu1 www.pcc.eu11 www.pcc.euwww.pcc-luelsdorf.de1 | © PCC

The PCC project in Lülsdorf, Germany

PCC. Creating value togetherFebruary 8, 2020 – Public information event in the Casino restaurant on the Evonik site in Lülsdorf

Page 2: The PCC project in Lülsdorf, Germany PCC. Creating value together · 2020. 3. 4. · The PCC project in Lülsdorf, Germany PCC. Creating value together ... 2009 2015 PCC takes over

2 www.pcc.euwww.pcc.eu2 - © PCC www.pcc.eu2 www.pcc.eu22 www.pcc.euwww.pcc-luelsdorf.de2 | © PCC

Administrative Board Managing Directors:

■ Waldemar Preussner, Dipl.-Volkswirt (Chair, Owner of PCC SE)

■ Dr. Alfred Pelzer(Vice Chair)

■ Reinhard Quint

■ Ulrike Warnecke(Finance, Organization and Public Relations, Trading, Consumer Products and Human Resources)

■ Dr. Alfred Pelzer(Chemicals Production, Logistics and Sales)

PCC SE – Administrative Board and Managing Directors

With PCC since 1993With PCC since 2002

From left to right: Reinhard Quint, Waldemar Preussner, Ulrike Warnecke, Dr. Alfred Pelzer

With PCC since 1993 With PCC since 1995

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www.pcc.eu33 www.pcc.euwww.pcc.eu3 - © PCC www.pcc.eu3 www.pcc.eu33 www.pcc.euwww.pcc-luelsdorf.de3 | © PCC

PCC Group headquarters: The PCC Villa in Duisburg-Homberg

PCC founded as a commodity trading company

Establishment of the holding company (today PCC SE)Group headquarters: PCC Villa in Duisburg-Homberg

Commissioning of the MCAA plant in Brzeg Dolny

Commissioning of a fifth production line for polyether polyolsand of a polyester polyols plant

Successful sale of PCC Logistics subgroup to Deutsche Bahn AG

PCC starts up logistics business

1993

1998

2003

2016

2017

1997

2000

2009

2015

PCC takes over a majority holding in major Polish chemicals producer PCC Rokita SA

Complete technology switch in chlorine production

Entry into the chemicals production business

Commissioning of a silicon metal plant in IcelandCommissioning of a DME plant in Russia

2018

2012 Floating of PCC Exol SA on the Warsaw Stock Exchange

2014 Floating of PCC Rokita SA on the Warsaw Stock Exchange

Expansion of chlorine production2019

2020 More than 3,500 employees located at 41 sites in 18 countries

Over 25 years of PCC – milestones in our company’s history

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4 www.pcc.euwww.pcc.eu4 - © PCC www.pcc.eu4 www.pcc.eu44 www.pcc.euwww.pcc-luelsdorf.de4 | © PCC

PCC Group sites

Africa

EuropeNorthAmerica

Iceland

Húsavík

Bosnia and Herzegovina

Prusac/Donji VakufSarajevo

Bulgaria

Sofia

USA

Piedmont (Greenville County, SC)

Germany

Duisburg1

EssenFrankfurt (Oder)HamburgOberhausen

Ghana

Accra

Poland

Brzeg DolnyCzechowice-DziedziceGdyniaGliwiceKędzierzyn-Koźle KolbuszowaKutnoMysłowicePłockWarsawZagórze

Latvia

Ventspils

Group companies, regional offices, representative offices1 PCC Group headquarters

Slovakia

Košice

Romania

Râmnicu Vâlcea

Russia

KaliningradMoscowNizhny NovgorodPervomaysky (Tula region)

Czech Republic

Český Těšín

Turkey

Istanbul

Ukraine

Lviv

Belarus

Grodno

BrajčinoGaličnikGradečkaKriva RekaPatiškaSkopje

North Macedonia

Asia

Thailand

Bangkok

Malaysia

Kuala Lumpur

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5 www.pcc.euwww.pcc.eu5 - © PCC www.pcc.eu5 www.pcc.eu55 www.pcc.euwww.pcc-luelsdorf.de5 | © PCC

Divisions, segments and business units of the PCC Group

Chemicals Energy LogisticsHolding / Projects

Polyols Surfactants ChlorineSpecialty Chemicals

Consumer Products

Energy LogisticsHolding / Projects

■ Polyols

■ Polyurethane Systems

■ Anionic Surfactants

■ Non-ionic Surfactants

■ Betaines (Amphoteric Surfactants)

■ Chlorine

■ MCAA

■ Other Chlorine Downstream Products

■ Phosphorus and Naphthalene Derivatives

■ Alkylphenols

■ Commodity Trading

■ Quartzite

■ Householdand Industrial Cleaners, Detergents and Personal Care Products

■ Matches and Firelighters

■ Renewable Energies

■ Conventional Energies

■ Intermodal Transport

■ Road Haulage

■ Rail Transport

■ Portfolio Management

■ Projects

■ Services

Divisions

Segments

Business units

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6 www.pcc.euwww.pcc.eu6 - © PCC www.pcc.eu6 www.pcc.eu66 www.pcc.euwww.pcc-luelsdorf.de6 | © PCC

Company video about the PCC Group (German version)

PCC company video December 2019 (German version): https://vimeo.com/383551209

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Creating value together

As an owner-managed group of companies, PCC is committed to pursuing investments with vision.

Together with our partners, we have been able to implement an extensive investment program in recent years:

▪ Production plant for silicon metal in Iceland: jointly realized with KfW IPEX-Bank and Icelandic pension funds

▪ Production plant for dimethyl ether (DME) in Russia

▪ A future investment project in Malaysia is in the pipeline, possibly to be pursued in harness with a strong local partner.

▪ PCC as a bond issuer: Since an initial issuance in 1998, more than 16,000 private investors have subscribed to PCC bonds, thus providing additional support for our investment projects.

Over the many intervening years, a relationship of trust has grown between our investors and ourselves that in this day and age could be rightly regarded as a rare phenomenon.

Bild I-Tag

Bild I-Tag Bild I-Tag

Traditional Investor Day with over 1,000 guests at the PCC Group headquarters in Duisburg

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The PCC project in Lülsdorf, Germany (currently at the examination phase):

Production of ethylene oxide (EO) & downstream products February 8, 2020

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Training*

Social building*

Works Council*

External companies**

Comparison with numerous contender sites in NW Europe shows Lülsdorf to offer a number of convincing advantages:

▪ Central position in the chemicals cluster Rhein-Ruhr/NL/B

▪ Good raw material supply links: Pipelines, Rhine, rail, road

▪ Utilization of vacant brownfield areas is more sustainable than investing in a greenfield facility

▪ Excellent collaboration with site operator Evonik

▪ Qualified labor in the local area

▪ Site infrastructure services already available (fire service, plant security, etc.)

▪ Enhancement of chemicals production in NRW through investment in advanced technologies

Lülsdorf site

* Buildings available today would need to be built anew elsewhere** Site areas and buildings would be provided elsewhere

Photo: Evonik

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www.pcc.eu10 www.pcc.eu1010 www.pcc.euwww.pcc-luelsdorf.de10 | © PCC

Why do we need ethylene oxide (EO)?

Typical applications that use EO as an intermediate product:

Ethylene oxide (EO) is the starting material for a number of chemicals, some of which we intend to produce in a total of five additional plants directly at the Lülsdorf site. The primary applications are as follows:

Laundry and cleaning products Flexible and rigid foams Personal care products

Electrolytes for batteries Plastics Adhesives, sealants, paints, coatings, inks, etc.

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PCC + Partners

External

PCC

Ethylene oxide(EO)

& MEG180,000 t

Cellulose ethers15,000 t

Oxygen by pipeline

Ethylene by pipeline

PEG & Ethoxylation90,000 t

Ethoxylation45,000 t

CO2 separation45,000 t CO2

Ethylene carbonates40,000 t

Chemical feedstocks *

* Propylene oxide, cellulose, methyl chloride,

fatty alcohols, sodium hydroxide, etc.

Infrastructure:Power/steam generation, compressed air, cooling

water etc.

EO

CO2

Lülsdorf site

Production resources*

* Electricity, demineralized water, nitrogen, natural gas, etc.

Polyether polyols12,000 t

Market

Key:

Plant layout

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1. Safety

▪ Maintenance of the highest safety standards in EO production, further processing and infrastructure

▪ EO production: Technology provider Scientific Design: over 70 years of experience, 17 plants in operation worldwide, selected on thebasis of a comparative study with safety concept as a leading comparison criterion

▪ Ethoxylation: Technology provider DBI Ballestra: 70% market share in surfactant production; reactor designed with intrinsic protectionto prevent its destruction and the escape of emissions in the event of a potential accident

▪ PCC has accumulated decades of experience in the safe production and handling of EO

2. Environmental and climatic protection

▪ Utilization of brownfield areas and infrastructure already available on site

▪ On-site electricity and process steam generation based on state-of-the-art technology (gas and steam turbine power plant with heat extraction)

▪ Recovery of the CO2 generated during production as a raw material for manufacturing ethylene carbonate, a feedstock used to make the electrolytes needed for lithium battery production

▪ The high environmental and social standards attributable to PCC meet the requirements specified by the financing banks

3. Long-term economic efficiency

▪ Investments from the various partners at the site are based on a reliable collaboration concept

▪ Thorough analysis of the long-term economic viability by PCC, co-investors and financing banks

Sustainability

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Official environmental review

• Transparent, legally standardized approval process• Involvement of many independent inspectorates

Department 54 Water Management

- Water extraction

- Trade, industry and farming effluent

- Floodwater protection

- Flood plains

- Pipelines

- Municipal wastewater/sewage

Department 52 Waste Management

- Waste flow control

- Soil protection

Department 55 Occupational Safety

Department 51 Nature / Landscape

Conservation

Department 22 Hazard Protection

Department 25 Transport Planning

Department 32 Regional Development

Department 35 Building Control- Section 41 Modeling of air quality, anthropogenic changes in the atmosphere

- Section 45 Environmental radioactivity and surveillance of nuclear facilities, light,

EMF, noise and vibration

- Section 74 Environmental engineering and plant safety in chemicals production,

mineral oil refining and hazardous material storage

Cologne Regional

Administration

State Agency for Nature,

Environment and Consumer

Protection NRW in Essen

Niederkassel

Municipal Authority- Building Control

- Planning Office

- Heritage Preservation Office

- Fire Safety Office

Rhein-Sieg-Kreis district- Health Authority

- Heritage Protection Agency

- Lower Nature Conservation Agency

- Lower Soil Protection Agency

- Hazard Protection, Emergency Response, Fire Safety

Düsseldorf Regional Administration- Department 26 Aviation

Department 53 Pollution and Environmental

Impact Control

- Approvals / Surveillance

- Occupational safety in production facilities

- Wastewater treatment approval

- AwSV (Federal Ordinance on Installations for

Handling Substances Hazardous to Water)

- Planning law

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• Final investment decision depends on the approval and profitability of the overall investment

• Indicative schedule with internal dependencies, but without a fixed end date

• All the facilities have been harmonized within the milestones

Provisional schedule

Construction phase

Approval procedures

Project development

Q42021

Conclusion of all contracts with

conditions precedent

Q22021

Q42023

Completion of

construction phase

Structuring of all project and financing agreements

Q42020

Q22024

CommissioningIssue of approvals

24 months

Financial closeafter final

investment decision

Final project review

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• Typical personnel hiring curve through to commissioning

• Early hiring of skilled workers to ensure smooth start-up of facilities

• Hiring priority to be given to local residents

• Training courses and training events prior to commissioning

• 120 direct positions likely at PCC, around 200 including those created at partner companies

Job creation

Q42021

Q22021

Q42023

Q42020

Q22024

200

100

0

Jobs

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www.pcc.eu16 www.pcc.eu1616 www.pcc.euwww.pcc-luelsdorf.de16 | © PCC

PCC – engaging in dialog

As a responsible investor from within the region, PCC is keen to develop a long-term relationship with you, the residents surrounding the Lülsdorf site. We take your questions and suggestions, and especially your concerns, very seriously and would like to talk to you about them.

So we have created a number of channels to enable you to engage in a dialog with us:

• By telephone via our project hotline: +49 (0) 2066 20 19-36(currently: Monday to Thursday 14.30 - 16.00 hours, Friday 13.00 - 15.00 hours)

• By email: [email protected]

• Via our website: www.pcc-luelsdorf.de

• By post to PCC Integrated Chemistries GmbH, Moerser Str. 149, 47198 Duisburg

• ... or personally at one of our next information events at the Evonik Casino restaurant, which we will announce on our website and on the notice board in front of the Casino.

We look forward to talking to you!

PCC Integrated Chemistries GmbH

PCC Integrated Chemistries GmbH | Moerser Str. 149 | 47198 Duisburg | Germany | +49 2066 2019-36 | Email: [email protected] | www.pcc-luelsdorf.de

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PCC. Creating value together