THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

NEW WASTE TO ENERGY PROCESSNEW WASTE TO ENERGY PROCESS Revolutionary new process with Global potential.

Has taken 5 years to develop to commercial stage Processes unsorted garbage (MSW) using steam in

large revolving autoclaves to produce a high grade refuse derived fuel fiber & other recyclables

Plants can be constructed in built-up industrial areas - are socially and environmentally acceptable

Extracts maximum clean energy from the garbage Reduces material going to landfill by >85% Competitive capital cost, highly profitable Modular - capacity expansion is seamless

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

- THE PROPONENTS andPROJECT RATIONAL -

PRINCIPAL PROPONENTSPRINCIPAL PROPONENTS Frank LUBBOCK & Martin BUCKINGHAM Substantial shareholding in a PSE listed company owning a

large copper mine acquired thru a debt to equity swap. Recently brought into production at a cost of US$230 million.

Substantial shareholding in LSE-AIM listed company owning the third largest nickel laterite. A US$40 million nickel ore producer in the Philippines with Australian off take contracts.

Owner of a major iron ore project in Leyte. Agreements with China company for off take and an equity purchase at a cost of $80 million but development delayed due to current crisis.

A substantial interest in a direct shipping Laterite operation. Agreements have been signed with Chins company to jointly study a full scale nickel acid leach plant in the Philippines which would cost $800 million.

CleanSave Corp

Over the last five years, the world burned 27 billion barrels per year. But the oil industry discovered only 3 billion new barrels per year.

Solves Garbage Disposal ProblemsMost countries are looking for a more socially acceptable and economical solid waste disposal alternative to landfills and incinerators. The Cleansave process does this and more

Contributes to the Need for Renewable EnergyMost energy alternatives have long development time – nuclear 9 years, syngas 7 and tar sands 7 years. Compare with Cleansave: 6 months to garbage processing, 1.5 years to energy generation – AND IT’S RENEWABLE AND IT GROWS

PROJECT RATIONAL – DUAL BENEFITSPROJECT RATIONAL – DUAL BENEFITS

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

- THE DEVELOPERS OF THE CLEANSAVE TECHNOLOGY -

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

- THE PHILIPPINES COMPANY -

CLEANSAVE – CORPORATE SUMMARYCLEANSAVE – CORPORATE SUMMARY

• Cleansave Waste Corporation (CSW) - incorporated in the Philippines as a sole purpose company focused on waste management and power generation.

• Each project will be held by a dedicated subsidiary company to allow greater flexibility.

• Initial operations will be in Metro Manila. Four projects are planned for Greater Metro Manila to service a population of 20 million generating some 10,000 tons per day of MSW

• Almost all land, contracts, licenses and permits are in place. The first project will process 2,000 tons/day and generate 370 GWH/year in a 52 MW powerhouse at GMA.

• The second project will process 4,000 tons/day and generate 740 GWH/y in a 104 MW powerhouse at Taytay in Rizal.

PROPOSED METRO MANILA PLANT LOCATIONSPROPOSED METRO MANILA PLANT LOCATIONS

REPUBLIC ACT 9513 RENEWABLE ENERGY BILLREPUBLIC ACT 9513 RENEWABLE ENERGY BILL

• Priority for connection to the grid and for the purchase and transmission and payment for such electricity

• Preferential purchase rates for renewable power

• Income Tax Holiday for the first 7 years then tax rate of 10%

• Value Added Tax Rate of 0% both on sale of power generated and purchase of local goods, properties and services needed. Includes exploring and developing until conversion into power.

• Tax Credit on Domestic Capital Equipment and Services

• Tax exemption on carbon credits

• Duty free importation of machinery, equipment and supplies within the first 10 years. Specialty realty tax rates on equipment and machinery. IRR being drafted.

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

- THE PROJECT -

PROCESS - SUMMARYPROCESS - SUMMARY• The process utilizes steam under pressure in 25 ton capacity

revolving autoclaves. Batch process. Feed is raw unsorted garbage. Suitable also for medical waste.

• Cycle time is 1.5 to 2 hours including loading/unloading• The feed volume is reduced by 85%. The autoclave product is

sanitized and much easier to segregate than raw waste sorting.• In the autoclaves organic matter is reduced to clean burning

fibrous refuse derived fuel (RDF) with a calorific value of approximately 7,400-7,600 btu/lb when dried to 5% moisture.

• Aluminum cans are stripped of lacquer and cleaned and thus have a higher value than in their original form.

• The RDF is combusted in boilers to generate steam for the process and for power generation using steam turbines.

PRODUCTS FROM 1,000 T/D MSWPRODUCTS FROM 1,000 T/D MSW

• Annual production per 1,000 tons/day is estimated to be:• RDF (5% moisture) 150,000 tons• Aluminum metal (de-lacquered cans) 7,500 tons• Steel (clean de-labeled cans) 9,000 tons• PET 4,500 tons• General plastics 48,000 tons• Glass 7,000 tons• Filling material 75,000 m3

• The RDF will be used to generate 185 GWH of electricity annually in a 27 MW power plant. Projected oil price hikes will benefit both power and aluminum prices.

• Potentially 284,000 tons of CO2e credits annually

BENEFITS OF THE PROCESSBENEFITS OF THE PROCESS

• Diverts 80-95% of raw waste from landfill.

• Eliminates the generation of methane from landfill

• Eliminates the need for source segregation.

• Reduces transport costs - able to site plants at strategic locations within cities rather than remote locations.

• Reduces land requirement due to smaller footprint

• The process will generate a clean, sustainable fuel which meets emission standards Worldwide..

• In Asia the project gives maximum employment opportunities.

• Clean odor free process

• Potentially eligible for Carbon Credits.

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

- CDM POTENTIAL -

CDM PROJECTCDM PROJECT• Emission Reduction Activity

- the avoidance of the emission of methane from the elimination of the need for landfill disposal

- the generation of electricity from waste and the displacement of fossil-fuel generated electricity

• Methodology:

- AM 25: Avoided emissions from organic waste through alternative waste treatment processes

• Project Scale: Large Scale• PDD to be developed by CAFIS• Philippine DNA approval to be secured• Broker: TFS Green

Metro Manila MSW Composition

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

- PHILIPPINES TIMETABLE -

METRO MANILA TIMETABLE METRO MANILA TIMETABLE Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10 Q11 Q12 Q13

GMA PROJECTCleansave Waste Plant Detailed Design Bankable Feasibility Completion of Funding Construction Production RDFPower Plant' Testwork on RDF Detailed Design Completion of Funding Construction Production Electricity

TAYTAY PROJECTFully Integrated Plant Completion of Funding Construction Cleansave Plant Power Plant Production RDF Production Electricity

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

- METRO MANILA FINANCIAL PROJECTIONS -

FINANCIAL PROJECTION METRO MANILAFINANCIAL PROJECTION METRO MANILA

FINANCIAL PROJECTIONS Metro Manila (USD MM)

tons/day capital IRR NPV8%

GMA, Cavite Waste Processing Only 2,000 $37.2 54% $314 Waste + Power Generation $113.3 41% $727Taytay, Rizal Waste + Power Generation 4,000 $226.4 42% $1,473Total Philippines 6,000 $339.7 41% $2,200

Note 1: no sales of RDF produced during the 12 months from start of RDF tostart of power productuion, no carbon credits, no sales of filling material

Note 2: projects 3 and 4 not shown as not sufficiently advanced

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

- GROWTH POTENTIAL -

PRIME TARGET – MEGA CITIES.PRIME TARGET – MEGA CITIES.

CleanSave Corp

Rank Megacity Country Population Annual Growth 1 Tokyo Japan 33,800,000 0.60%

2 Seoul South Korea 23,900,000 1.40%

3 Mexico City Mexico 22,900,000 2.00% 4 Delhi India 22,400,000 4.60%

5 Mumbai (Bombay) India 22,300,000 2.90%

6 New York City USA 21,900,000 0.30%

7 São Paulo Brazil 21,000,000 1.40% 8 Manila [22] Philippines 19,200,000 2.50%

9 Los Angeles USA 18,000,000 1.10%

10 Shanghai China 17,900,000 2.20%

11 Osaka Japan 16,700,000 0.15% 12 Kolkata India 16,000,000 2.00%

13 Karachi Pakistan 15,700,000 4.90%

14 Guangzhou China 15,300,000 4.00%

15 Jakarta Indonesia 15,100,000 2.00% 16 Cairo Egypt 14,800,000 2.60%

17 Buenos Aires Argentina 13,800,000 1.00%

18 Moscow Russia 13,500,000 0.20%

19 Beijing China 13,200,000 2.70% 20 Dhaka Bangladesh 13,100,000 4.10%

EMERGING MEGACITIES – EVEN LARGER EMERGING MEGACITIES – EVEN LARGER POSSIBILITIES.POSSIBILITIES.

Emerging megacities in CHINA (in decreasing order of population): • Yangtze River Delta Metropolitan Area ( Shanghai -Hangzhou-Nanjing-Suzhou) (87,430,000) • Pearl River Delta (Hong Kong -Shenzhen -Zhuhai -Macau) (50,000,000) [25] • Chongqing (31,442,300) • Beijing -Tianjin corridor (27,350,000)

Emerging megacities in I NDIA (in decreasing order of population): • Lucknow -Kanpur corridor (13,678,000) • Chennai -Bengaluru -Maisuru corridor (25,000,000) • Hyderabad -Secunderabad (10,000,000) • Ahmedabad -Gandhinagar corridor (5,900,000) • Pune-Nashik corridor (5,000,000)

THE WORLD PRODUCES AN AMAZING 3 MILLION TONS PER DAY OF WASTE

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

REQUIREMENTS

REQUIREMENTSREQUIREMENTS

• Capital cost of Stage 1 of GMA plant is $21.7 and will produce RDF for testwork to finalize powerhouse design and selection

• It appears a 70:30 debt to equity ratio is possible particularly following the completion of Stage 1.

• Subsequent projects such as Taytay will progress to full production in a single stage using GMA as a model

• Cleansave requires a big brother partner in the Philippines preferably with some power generation expertise

• Farm-in Partner can earn a negotiated equity interest by advancing CSW’s equity share of each project (at 70/30 debt to equity this equals 12% of capital cost)

• The equity advance to be recouped at an accelerated rate from CSW share of profit in each project

POLICY & EXIT STRATEGYPOLICY & EXIT STRATEGY

• A balance between dividends and growth will be struck• Offshore projects will be conducted with local partner(s) having

the ability to arrange finance and provide local management• Focus will be in the Asia region• A reasonable level of R&D will be conducted in order to stay

ahead of the market• Exit strategy will include

• An IPO(s) at the appropriate time. It is expected energy prices will strongly escalate giving CSWC the double benefit of increased electricity and aluminum prices.

• Sale of equity in project(s) to government or investors • Other including sale or license of technology

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

- THANK YOU -

THE CLEAN SOLUTION TO THE GARBAGE AND ENERGY PROBLEM

- OTHER TECHNICAL DETAILS -

PROJECT STATUSPROJECT STATUS

• Environmental Compliance Certificate for GMA granted. Documents/letters of support have been issued by DOST, DOE, LGU’s and Malacañang Palace

• Sites have been purchased at Taytay (17 ha) and GMA (50 ha). Two other sites available at Malabon and San Pedro for long-term lease

• Contracts for 25 years have been signed with the municipalities of Taytay in Rizal and GMA in Cavite granting CleanSave the free and unrestricted delivery of external garbage within their jurisdiction.

• Detailed design by RNFA is well advanced and a bankable feasibility study by SMEC is due for completion in July 2009.

• Traffic studies have been completed for GMA and Taytay.

• Loan and equity funding for GMA Stage 1 of $25 million is being arranged.

• Construction is expected to commence in third quarter 2009.

• Plant commissioning of Stage 1 estimated to be first quarter 2010 and a decision to proceed to Stage 2 in both GMA and Taytay to be made in second quarter 2010 after completion of Stage 1 tests.

PROJECT STATUS Cont.PROJECT STATUS Cont.

• A contract has been signed with Philippine Hospital Association committing all hospital waste nationwide (1,200 hospitals) for 25 years. Tipping fee is Php25/kg ($540/ton) and indexed to CIP.

• Contract signed with members of the collectors association which guarantees the delivery of 4,000 tons per day of MSW to Cleansave plant at Taytay for 25 years and a 2,000 tons per day to Cleansave plant at GMA. Tipping fee is approx Php 500 per ton ($19/ton) and indexed to CIP.

• Target is 3-4 strategically located plants to service Metro Manila and surrounding provinces (11,000 tons daily)

• Agreements with LGU’s of Malabon and San Pedro are being progressed for third site (6 ha) and forth site (20 ha). A further project is under discussion for an 800 tons/day plant in Bulacan.

• Discussions being progressed for overseas projects in China, Korea, Singapore, Libya, Jordan, Syria, Malaysia and other areas. Funding will be procured by local partners and Cleansave will supply know-how, detailed design and training.

•First Commercial Plant - Davies Brothers Waste Inc, Bridgend, Wales,

• December 1999 Wilson and Metcalf designed a full autoclaving system to handle 60,000 tonnes per annum of MSW. Project was delivered to Davies within 12 months and produced biomass fibre from day one.

• From May 2001 onwards, the operating facility was opened to potential customers. Over 2,000 visitors viewed the plant in its three years of operation, including two delegations from the Philippines.

• Ferrous was sold to Corus and non-ferrous sold to Alcan. Plastics were shredded and markets established. Mixed glass cullet was sold.

• The biomass was processed in a GEM Pyrolysis plant to produce clean syngas which was fed to Jenbacher gas engines to generate electricity. The power generation system was proven over a 16 week period.

• Davies Brothers sold out after 3 years when Council could not renew contract. Current owner is Vosper Thorneycroft, which currently building the Ecopark at Wakefield (see “Producing and Developing Plants” below)

EARLY HISTORY OF THE CLEANSAVE EARLY HISTORY OF THE CLEANSAVE

Compliance with all EU, UK and USA air quality standards are being built into the plant design. The statistics to which compliance is required measured in milligrams per cubic metre (mg/m3) of exhaust gas from the power generation are as follows:

Audited and Monitored Emissions from Combustion IPPC Limit

Particulates <2.5 3 10

Particulates >1.0 6 10

Carbon Monoxide 8 50

Oxides of Nitrogen (Nox) 183 200

V.O.C.s 6 10

Hydrogen Chloride 4 10

Hydrogen Fluoride 0 1.00

Sulphur Dioxide 41 50

Heavy Metals 0.07 0.50

Cadmium 0 0.05

Mercury 0 0.05

Dioxins & Furans 0.02ng/nm3 0.10

RDF COMBUSTION PRODUCTS ANALYSISRDF COMBUSTION PRODUCTS ANALYSIS

• Limerick, Ireland: R3Group  www.re3group.com Plant is fully operational. Projected production is150,000 metric tons per annum. New plants planned for Belfast and Dublin.

• Newcastle UK, Graphite Resources  www.derwenthaugh.com Plant is nearing completion Estimated total cost of Ecopark is £50 million sterling. Projected production is 300,000 metric tons per annum

• Bradford, UK, Waddington Recycling has been using the autoclaving process for animal waste for many years.  Award of 5 year contract made by Bradford City Council. Projected capacity is150,000 metric tons of solid waste per year  http://www.letsrecycle.com/do/ecco.py/view_item?listid=37&listcatid=313&listitemid=8927

• Bridgend, Wales - 3NRG Waste Management, http://www.waste-management-world.com/display_article/314938/12 3/ARCHI/none/none/1/Black-bag-energy/ Project is scheduled to start in early 2009 at a cost of €25.4 million for autoclaving 100,000 tonnes per annum and pyrolysing the biomass fraction. This plant supersedes the earlier Davies Bros plant. www.edie.net/news/news_story.asp?id=15552&channel=0

CURRENTLY PRODUCING & DEVELOPING PLANTSCURRENTLY PRODUCING & DEVELOPING PLANTS

• Glasgow City Council, Scotland, August 2008, Glasgow set aside £135 million for a total of three plants for the City. Tenders are expected to be received, 1st Quarter 2009. Each plant expected to handle 150,000 tonnes per annum http://www.letsrecycle.com/do/ecco.py/view_item?listid=37&listcatid=217&listitemid=10254

• Wakefield UK:  http://www.vtplc.com/Media/Pressreleases/VTGROUPNAMEDPREFE4/ November 2008 it was announced on the VT website that a full scale Ecopark to treat 240,000 tonnes per annum at a total cost of £700 million had received planning permission from Wakefield Bourough council. The facility will include autoclaving, and anearobic digestion among other technologies.

• Phuket, Thailand SEPCO: http://www.sepcoplc.com/project2.php PTT will advance the required investment. Capacity will be 200,000 tonnes per annum of general waste. The plant will generate electricity by pyrolisis and break down plastics to diesel.

• Many other Worldwide locations are considering the process

PRODUCING & DEVELOPING PLANTS Cont.PRODUCING & DEVELOPING PLANTS Cont.

SUMMARY OF PRINCIPAL PERMITS & CONTRACTS.SUMMARY OF PRINCIPAL PERMITS & CONTRACTS.• Contract with the Philippine Hospital Association signed May 2006

• Contract with Municipality of Taytay, Rizal signed November 2006

• Cleansave Waste Corporation was granted the Philippine patent to the Cleansave Process in June 2006

• Contract with Municipality of Gen. Mariano Alvarez, Cavite signed in June 2007

• Contracts with member of the collectors association in August 2007 (for Taytay) and in February 2007 (for GMA).

• Cleansave Waste Corporation was granted an Environmental Technology Verification by the Department of Science and Technology in November 2007

• Ongoing contract with international engineers Snowy Mountains Engineering Company (SMEC) January 08

• Cleansave Waste Corporation was granted an Environmental Compliance Certificate in May 2008

RDF PRODUCT ALTERNATIVESRDF PRODUCT ALTERNATIVES

Option 1: RDF converted to syngas for power generation by gas turbines

Option 2: RDF combusted in boilers as clean fuel for power generation.

Option 3: RDF used as feedstock for bioethanol manufacture

Option 4: RDF composted to produce methane and digestate for power production.

Option 5: RDF mixed with C&D waste for roofing material.

Option 6: RDF used for paper and cardboard manufacture.

DEVELOPMENT PLAN FOR GMADEVELOPMENT PLAN FOR GMA

STAGE 1 Covers the construction of a two autoclave facility at GMA, Cavite. The RDF produced will be used to carry out pilot scale testwork to enable powerhouse selection for Stage 2B.

Balance of the RDF will be used for process steam production and for stockpiling for the Stage 2B power plant.

Alternatively the RDF could be sold to cement plants and select coal fired plants.

STAGE 2A Expand the Stage 1 plant to give a total of 2,000 metric tons per day capacity and a separate adjacent facility to process medical and clinical waste

STAGE 2B Construct a power plant with a generating capacity of 55MWe for an annual production of 375 GWh.

All Stages -are commercial and economically viable

METRO MANILA GARBAGE PROBLEMMETRO MANILA GARBAGE PROBLEM• Metro Manila has a worsening garbage disposal problem. Only one

disposal point available (remote). Heavy penalties under RA9003 unenforceable due to lack of disposal facilities

• Few if any hospitals, are disposing their waste in compliance with law. Strong pressure to comply from DENR, Bar Association of the Philippines and responsible NGO’s.

• Manila Bay, Laguna de Bay, river systems, and water aquifers are heavily polluted by the uncontrolled dumping of garbage

• Risk of epidemic is high and the level of permanent damage to the environment is increasing at an alarming rate

• The construction of a suitable engineered sanitary land fill is not practicable due to the high cost of land and political and social opposition. Most other countries are phasing out landfills.

• The population in the vicinity of the uncontrolled dumps is developing serious health problems. Same for incinerators.

• The Cleansave process is a viable solution

PROVINCIAL STATUSPROVINCIAL STATUS

• Several major provincial centers have expressed interest in utilizing the CleanSave process for the disposal of their garbage under BOO/BOT schemes. These include:

• Metro Cebu and Metro Davao• Butuan, Dagupan and several other Cities• Numerous municipalities.

• Butuan and others studying logistics of centralized processing by importing MSW from surrounding LGU’s by road, river and ocean barging under a cluster approach for economic viability.

• Butuan needs backfill to solve a major flooding problem

• Most of the provincial areas are interested in disposing their medical waste through CleanSave. High tipping fee enables the economic transport of this material long distance.

• All areas are a market for any of the products from the RDF

BARGING USING CLUSTER APPROACHBARGING USING CLUSTER APPROACH

CleanSave Corp

850 tpdDavao-General Santos 275 km

1,200 tpd + bagasseCebu-Bacolod 287 kmIloilo-Bacolod 42 km

600 tpdCagayan de Oro-Butuan 157 kmSurigao-Butuan ? km

460 tpdLipa-Batangas (road) 30 kmLucena-Batangas 114 km