who we are - toyo thai-usa chemical, fertilizer and petroleum industries. ... malaysia, and myanmar...

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Who We AreThailand-based Toyo-Thai Corporation Public Company Limited (TTCL) was incorporated in 1985 through a joint venture of Italian-Thai Development Public Company Limited, one of Thailand’s biggest contractors, and Toyo Engineering Corporation, a leading international engineering company based in Japan.

Toyo-Thai Corporation holds a majority ownership stake in its subsidiary, Toyo-Thai USA (TTUS). Founded in November 2011, TTUS was established in response to the strong market potential for further business opportunities in the North American marketplace and to leverage the competitive advantage TTCL offers its clients and potential clients in the United States.

What We DoAs an integrated contractor, TTCL specializes in design and engineering, procurement of equipment and materials, and construction (integrated EPC) services for turnkey projects, mainly to the power, petrochemical, chemical, fertilizer and petroleum industries. A leading domestic and international engineering service provider for 28 years, TTCL has successfully completed more than 215 projects in the area of process plants and facilities and has earned a solid reputation for quality, safety, and on-time delivery. TTCL is committed to providing economically and environmentally sound engi-neering for its clients and the communities in which it operates.

Where We Are GoingSince 1997, TTCL has expanded its international operations, building plants in the U.S.A., China, Vietnam, the Philippines, Qatar, Timor and elsewhere. In addition to its U.S. subsidiary, TTCL has set up subsidiaries in Vietnam, Malaysia, and Myanmar in order to meet the growing interna-tional demand for its specialized services in the area of process plant design and construction.

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Corporate SnapshotEstablished: April 1985Registered Capital: Baht 480 Million ($15 million approx.)Stock Exchange of Thailand listing (SET): 2008SET Initial Public Offering (IPO): 2009TTCL Added to SET100 Listing: 2011Major Shareholders: • Toyo Engineering Corporation • Chiyoda Corporation • Italian-Thai Development Plc.Corporate Headquarters`: Bangkok, ThailandToyo Thai-USA Headquarters: Denver, ColoradoURL: www.toyo-thai.comPresident & CEO: Mr. Hironobu IriyaEmployees: 2,288Revenue 2012: Baht 11.5 billion ($357 million)Revenue 2013 (projected): Baht 16 billion ($497 million)Major Clients: • GE Toshiba • Solvay • Bayer • BASF • Mitsubishi Corp. • Dow Chemical

T O Y O T H A I - U S A C O R P O R A T I O N ( T T U S ) O V E R V I E W T O Y O T H A I - U S A C O R P O R A T I O N ( T T U S ) O V E R V I E W

Joe Jones, President and CEO of Skyonic (center, left) shakes hands with Hironobu Iriya, President and CEO of TTCL (center, right), at a contract signing ceremony in Bangkok, Thailand June 28.

SKYMINESkyMine is a landmark clean energy project with global implications that has received national and international media attention. TTCL also invest-ed US$1 million in Skyonic to support the project. And SkyMine technology now has increased importance for clean energy in lieu of the U.S. government’s recent announcement that it would press ahead with enacting the first federal carbon limits on the nation’s power companies. TTUS is determined to show that the facility can be built on time and under budget, and that the SkyMine technology works, on a commercial scale, the way it is designed to.

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T O Y O T H A I - U S A C O R P O R A T I O N ( T T U S ) O V E R V I E W

Toyo Thai-USA CorporationTTCL’s U.S. subsidiary, Toyo Thai-USA Corporation (TTUS), has hit the ground running with its first EPC construction contract in the United States, the Capitol SkyMine plant at the Capitol Aggregates Cement Plant in San Antonio, Texas. The contract is worth US$117 million.

TTUS was tapped by Skyonic for its construction and engineering expertise and its experience in the international energy market.

This unique plant will capture carbon dioxide, acid gases and heavy metals from flue gas at the cement plant, before converting them into solid products, such as baking soda, hydrochloric acid and bleach, which can be sold.

T O Y O T H A I - U S A C O R P O R A T I O N ( T T U S ) O V E R V I E W

LeadershipHironobu Iriya has been President and CEO of Toyo-Thai Corporation Public Company Limited (TTCL) since 2005 and has been a key member of the corporation’s management team since its found-ing in 1985. Charismatic, personable and passionate, Mr. Iriya leads Toyo-Thai by example, proudly proclaiming his motto, “Joy of Engineering and Achievement” and single-mindedly pursuing the goal of transforming TTCL into a leading international engineering company. And recent developments indi-cate that Mr. Iriya is succeeding in his ambitions: Mr. Iriya has put ambitious growth plans in motion after carving out a niche in the Thai market with customers such as Solvay, GE-Toshiba, Dow, Bayer and Mitsubishi Corporation. In 2009 TTCL was listed on the Stock Exchange of Thailand (SET). Under Mr. Iriya’s leadership the corporation continues to expand rapidly, both domestically and internationally, and is moving into new fields, including clean en-ergy. To date the corporation has completed projects in seven Asian countries, Europe, the Middle East and North America. To this end, TTCL has set up subsidiaries in Vietnam, Malaysia, Myanmar and the United States. Mr. Iriya attends a September 30 groundbreaking in San Antonio Texas, which officially kicks off Toyo Thai-USA’s first EPC construction project in the U.S., Capitol Skymine. This is a revolu-tionary clean energy plant that will convert greenhouse gases into baking soda and other solid products.

Under Mr. Iriya’s leadership, the Toyo-Thai Group continues to deliver solid baseline operating results in terms of revenue, profit, free cash flow and earnings per share. A strong financial position allows TTCL to leverage strategic investment opportunities across the globe. Hironobu Iriya continues to chart a bold course for TTCL; he plans to ramp up TTUS’s presence in the United States in the months and years ahead and is particularly interested in securing partners who share the corporation’s embrace of new environmental technologies and cutting-edge renewable energy.

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Hironobu IriyaPresident and CEO

T O Y O - T H A I C O R P O R A T I O N ( T T C L ) L E A D E R S H I P T O Y O - T H A I C O R P O R A T I O N ( T T C L ) L E A D E R S H I P

Services Offered by TTCL • Feasibility Study • Design and Engineering • Procurement of Equipment and Materials • Construction of Turnkey Projects for Industrial and Process Plants

EPC Services are Offered to These Industries: • Bio & Renewable Energy • Petrochemical • Chemical • Oil and Gas • Fertilizer • Power and Utilities

Projects and Business Success• Nov. 2004: Awarded EPCM Contract for Chemical Plant in China

• May 2005: Awarded EPCM Contract for Chlor-Alkali Plant in Louisiana, the USA

• October 2006: Awarded EPC Contract for a world scale Ethane Cracker Plant in Thailand

• December 2006: Awarded EPC Contracts for two world scale polyethylene plants in Thailand

• September 2007: Awarded EPCM Contract for Chlor-Alkali & VCM Plant in Louisiana, the USA

• November 2007: Awarded EPC Contract for a large scale Methyl Methacrylate Plant in Thailand

• March 2008: Awarded EPC Contract for Bisphenol-A Plant in Thailand

• June 2008: Awarded EPCM Contract for a world scale Hydrogen Peroxide Plant in Thailand

• July 2010: Awarded EPC Contract for Bio-ethanol Plant in Vietnam

• Dec. 2011: Awarded Contract for Chlor Alkali Plant in Spain

• Jan. 2012: Awarded EPC Contract for Diammonium Phosphate Plant in Vietnam

• June 2012: Awarded EPC Contract for a 10 MW Solar Power Plant in Malaysia

• Feb. 2013: Awarded EPC Contract for Bio-plastic Plant in Thailand

• Jan. 2013: Awarded EPC Contract for Desalination Plant in Qatar

• June 2013: Awarded EPC Contract for Capitol SkyMine plant in Texas, the USA

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Capitol SkyMine Plant

T O Y O - T H A I C O R P O R A T I O N ( T T C L ) P R O J E C T S T O Y O - T H A I C O R P O R A T I O N ( T T C L ) P R O J E C T S

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T O Y O - T H A I C O R P O R A T I O N ( T T C L ) E X P E R I E N C ET O Y O - T H A I C O R P O R A T I O N ( T T C L ) E X P E R I E N C E

USA

’07 VCM & Chlor-Alkali ’05 Chlor-Alkai

SPAIN

’11 Chlor-Alkai

UAE

’10 DTEC

BANGLADESH

’04 DAP

MYANMAR ’97 Aviation Fueling

CHINA ‘06 MDA/UAT’04 MMDI‘03 Polymer

VIETNAM ’12 Ammonium Nitrate’11 DAP2‘10 Ethanol‘05 Dun Quat Refinery (Engineering)’97 NPK Fertilizer

PHILIPPINES ’11 PE Expansion

MALAYSIA ’12 Photovoltaic Electric’11 Rare Earth’09 Bio-Pellet (FS)’98 OXO (Engineering)

INDONESIA ’10 VCM & Chlor-Alkali (FS)

THAILAND ’11 SSBR’11 Butiene-1 and Vietnam Malaysia’11 Photovoltaic Electric‘10 Carpolactam Expansion’10 Epichlorohydrin‘09 1,6 Hexanediol‘08 Hydrogen Peroxide‘08 Bisphenol-A’07 Methyl Methacrylate Phase II‘06 LLDPE‘06 LDPE’06 Ethane Cracker’05 VCM & Chlorine Expansion’05 Chlor-Alkali Phase III

T O Y O T H A I - U S A C O R P O R A T I O N ( T T U S )

Toyo-Thai: a Power Industry Pioneer in MyanmarIn the power arena, Mr. Iriya personally led negotiations with the government of Myanmar and achieved great success, in the face a stiff competition, when Toyo-Thai was contracted to build a 140 MW power plant in Yangon, Myanmar in 2012. The plant was online and generating 40 MW of elec-tric power after only five months, a remarkable achievement. Completion is expected by the second half of 2014.

Myanmar is seen as holding tremendous potential for business and industry as it comes out of de-cades of isolation – and Toyo-Thai is very proud of its achievements in that country while many of the world’s premier corporations have yet to make inroads there.

Toyo-Thai has also signed a Memorandum of Understanding (MOU) with Myanmar’s Ministry of Electric Power to conduct a year-long preliminary survey and feasibility study with an eye to building a 1,000 MW Ultra Supercritical Coal-Fired Power Plant in Thiliwa Special Economic Zone, Yangon.

T O Y O - T H A I C O R P O R A T I O N ( T T C L ) N E W S

Skyonic Corporation Awards $117M Construction Contract to Toyo Thai-USA

Toyo Thai-USA to Construct Commercial-Scale Carbon Capture and Utilization Facility at Cement Factory in San Antonio

AUSTIN, Texas – July 8, 2013 – Skyonic Corporation today announced that it has awarded the $117M construc-tion contract for the Capitol SkyMine plant in San Antonio, Texas, to Toyo Thai-USA Corporation. Toyo-Thai is providing EPC services to the project. Toyo-Thai has also invested $1M in Skyonic, to support the project.“This is our first entry into North America as a full EPC provider and we are looking forward to the experience,” said

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Hironobu Iriya, President & CEO of TTCL. “The creation of the first commercial scale SkyMine® plant will have global implications and our experience in the energy market makes us an ideal partner for this project.”

An internationally acclaimed, globally oriented turnkey EPC contractor, Toyo-Thai Corporation Public Company Limited provides design & engineering, equipment & materials procurement, and construction (integrated EPC) services for turnkey projects, primarily to the power, petrochemical, chemical, and petroleum industries.

“When we looked at EPC partners for the nation’s first commercial scale carbon capture and utilization plant, Toyo-Thai’s experience really stood out to us,” said Joe Jones, founder and CEO of Skyonic. “The company’s construction and engineer expertise will be very valuable as we bring Sky-Mine® to the commercialization stage alongside our partners and investors.”

Skyonic’s electrolytic carbon capture technology, SkyMine®, will selectively capture CO2, acid gases and heavy metals from the flue gas of the Capitol Aggregates Cement Plant, where the Capitol SkyMine facility will be retrofitted. The captured pollutants will be mineralized into solid products, including sodium bicarbonate, hydrochloric acid and bleach, which are stored, transported and sold as safe, stable solids. By producing valuable products using low-cost chemical in-puts and operating at energy-efficient conditions, SkyMine® captures CO2 at a substantially lower cost than other carbon capture technologies, allowing industrial emitters to turn a profit from reduced emissions.

About Toyo-Thai CorporationThailand-based Toyo-Thai Corporation Public Company Limited (TTCL) was incorporated in 1985 through a joint venture of Italian-Thai Development Public Company Limited, one of Thailand’s biggest contractors, and Toyo Engineering Corporation, a leading international engineer-ing company based in Japan. As an integrated contractor, TTCL specializes in design and engineering, procurement of equipment and materials, and construction (integrated EPC) services for turnkey projects, mainly to the power, petrochemical, chemical, fertilizer and petroleum industries.

A leading domestic and international engineering service provider for 28 years, TTCL has successfully undertaken more than 215 projects in the area of process plants and facil-ities and has earned a solid reputation for quality, safety, and on-time delivery. TTCL is committed to providing econom-ically and environmentally sound engineering for its clients and the communities in which it operates. Since 1997, TTCL has expanded its international operations, building plants in the U.S.A., China, Vietnam, the Philippines, Qatar, Timor and elsewhere. TTCL has set up subsidiaries in Vietnam, Malaysia, the U.S.A., and Myanmar in order to meet the growing international demand for its specialized services in the area of process plant design and construction. For more information go to www.toyo-thai.com

About Skyonic CorporationSkyonic Corporation builds new and retrofittable industrial plants that produce carbon-negative chemical products at the lowest cost, while mineralizing industrial CO2 emissions and scrubbing SOx, NOx and mercury. The company’s technol-ogies are designed to economically extract and mineralize carbon dioxide from industrial flue gas into products, such as baking soda, hydrochloric acid and limestone, at a commer-cial scale. These carbon chemistry processes have a two-fold effect, not only driving profit through the sale of products, but also helping to mitigate the effects of industrial pollution and close the carbon cycle. The company is building the nation’s first commercial‐scale carbon capture and utiliza-tion facility at Capitol Aggregates, Inc. with support from ConocoPhillips, BP, Northwater Capital and PVS Chemicals. Skyonic was founded in 2005 by inventor and CEO, Joe Jones and is located in Austin, TX. For more about how Skyon-ic produces solid returns from clean air, visit http://www.skyonic.com

###Media contacts Stacy MacDiarmid, (512) 658-2265, [email protected]

Phoebe Francis, Lois Paul & Partners, (512) [email protected]

URL: http://www.toyo-thai.comE-mail: sales@toyo

Media StoriesPlease see the following links for media stories on TTCL, TTUS and Skyonic:

http://www.reuters.com/article/2013/09/10/toyothai-shares-idUSL3N0H622K20130910

http://www.nationmultimedia.com/business/Toyo-Thai-explores-power-business-in-Myanmar-30194011.html

http://online.wsj.com/article/PR-CO-20130710-906536.html

ContactToyo Thai-USA Corporation (TTUS)1457 Ammons Street, Suite 211Lakewood, CO 80214 United States of AmericaPhone: 720-275-7841Email: [email protected]: under construction, please check back!Media relations:Andrew Laing, Agency 33Phone: 303-894-3130Email: [email protected]

Toyo-Thai Corporation Public Company Limited (TTCL)159/41-44 Sermmit Tower, 27th - 30th FloorSukhumvit 21 (Asoke) RoadNorth Klongtoey, WattanaBangkok 10110, ThailandTel. +66 (0) 2260-8505 (20 lines)Fax. +66 (0) 2260-8525-6URL: http://www.toyo-thai.comE-mail: [email protected]

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T O Y O T H A I - U S A C O R P O R A T I O N ( T T U S ) M E D I A & C O N T A C T

Toyo-Thai Enters U.S. Market with High-Profile Clean Energy Project

September 30 Groundbreaking Kicks off Construction of Commercial-Scale Carbon Capture and Utilization Facility in Texas

Denver, Colo., September 25, 2013 – Toyo Thai-USA Corporation (TTUS) will start construction next week on the largest commercial carbon capture and utilization plant in the U.S. Toyo Thai-USA, the Denver-based Amer-ican subsidiary of international EPC specialist, Toyo-Thai Corporation Public Company Limited (TTCL), will construct the Capitol SkyMine® plant for Skyonic Corporation at a cement factory in San Antonio, Texas. This unique plant will capture carbon dioxide, acid gases and heavy metals from flue gas at the cement plant, before converting them into solid products, such as baking soda, hydrochloric acid and bleach, which can be sold.

T O Y O T H A I - U S A C O R P O R A T I O N ( T T U S ) P R E S S R E L E A S E

This is TTUS’s first project in the U.S. as a full EPC provid-er. “We are excited to be showcasing our expertise in the international energy arena by providing EPC services to the SkyMine plant,” said Toyo-Thai Corporation PCL President & CEO, Hironobu Iriya. “We look forward to ramping up our presence in the United States in the months and years ahead and we are particularly interested in securing partners who share our embrace of new environmental technologies and cutting-edge renewable energy.”

Iriya said that SkyMine technology has huge implications for clean energy in lieu of the U.S. government’s recent an-nouncement that it would press ahead with enacting the first federal carbon limits on the nation’s power companies. “We are particularly determined to show that this plant can be built on time and under budget, and that the SkyMine tech-nology works, on a commercial scale, the way it is designed to,” he added.

Iriya is a guest of Skyonic Corporation President & CEO, Joe Jones, who is hosting a groundbreaking ceremony for the SkyMine facility September 30 in San Antonio.

In addition to providing EPC services, Toyo-Thai has also invested $1 million in Skyonic to support the project.

About Toyo-Thai Corporation Public Company Limited (TTCL)An internationally acclaimed, globally oriented turnkey EPC contractor, Toyo Thai Public Company Limited (TTCL) provides design & engineering, equipment & materials procurement, and construction (integrated EPC) services for turnkey projects, primarily to the power, petrochemical, chemical, and petroleum industries. A leading domestic and international engineering service provider for 28 years, TTCL has successfully completed more than 215 projects in the area of process plants and facilities and has earned a solid

reputation for quality, safety, and on-time delivery. TTCL is committed to providing economically and environmentally sound engineering for its clients and the communities in which it operates. The corporation was incorporated in 1985 in a joint venture of Italian-Thai Development Public Com-pany Limited, one of the biggest contractors in Thailand, and Toyo Engineering Corporation, a leading international engineering company in Japan. In the United States, Toyo-Thai provides the above services through its subsidiary, Toyo Thai-USA Corporation (TTUS). For more information, please contact the company at [email protected] or at 720-275-7841. And please visit www.toyo-thai.com

About Skyonic CorporationSkyonic Corporation builds new and retrofittable industrial plants that produce carbon-negative chemical products at the lowest cost, while mineralizing industrial CO2 emissions and scrubbing SOx, NOx and mercury. The company’s technol-ogies are designed to economically extract and mineralize carbon dioxide from industrial flue gas into products, such as baking soda, hydrochloric acid and limestone, at a commer-cial scale. These carbon chemistry processes have a two-fold effect, not only driving profit through the sale of products, but also helping to mitigate the effects of industrial pollution and close the carbon cycle. The company is building the nation’s first commercial-scale carbon capture and utiliza-tion facility at Capitol Aggregates, Inc. with support from ConocoPhillips, BP, Northwater Capital and PVS Chemicals. Skyonic was founded in 2005 by inventor and CEO, Joe Jones and is located in Austin, TX. For more about how Skyon-ic produces solid returns from clean air, visit http://www.skyonic.com

###Media Contact:Andrew Laing, Agency 33, [email protected]

T O Y O T H A I - U S A C O R P O R A T I O N ( T T U S )