5/27/2016

Joined chambersEastern seaboard event

Pattaya

SANDER VAN DER LINDEN

CORBION INVESTMENT PLAN 2016-2018

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Who are we ?

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• Dutch based company (former CSM)

• Stock market listed

• Biotechnology

• World marked leader in Lactic acid and derivatives

• Knowledge and Capital intensive

• Global 1700 employees

• In Thailand since 2005

• 2015 Global turnover approx 900 MEUR

• 2015 Global EBITDA approx 150 MEUR

Corbion

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What do we do ?

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Corbion Purac’s activities

Development Production Marketing

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Food market: Natural preservation solutions Taste & nutrition products

Chemical & Pharma markets: Green Chemicals Cosmetics and Pharmaceuticals

Applications in many different industries:

PLA: Biobased plastic ; Lactide

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What do we do in Thailand?

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Corbion Purac Thailand: Unique in Lactic acid

• The largest Lactic acid factory in the world: 120.000 tons/yr

• Total investment ~200 MEUR

• #200 employees

(only 3 expats)

• 99% of production is for export

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How to grow Thai economy ?

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What are we planning do in Thailand ?

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Timeline: Basic Engineering Permitting & Licenses 1st H 2016

Start construction 2nd H 2016

Operational in 2nd H 2018

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Corbion on track to forward integrate into PLA (bio plastics)

What we are planning to build:

• PLA plant: 75 kTpa

• Lactide extension: +25 kTpa

• CAPEX: ~100 mUS$

Confidential

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Why investing in Thailand ?

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Why Thailand

Excellent source of multiple raw materials

• Sugar

• Starch

• And for the future: Biomass

Well developed country

• Government

• Education

• Infrastructure

• Utilities

Excellent support from authorities

• BOI / OCSB / IEAT / MOC …

Excellent logistics location

• Close to two main seaports

• Central to Europe and Asia

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Added Value of a 75.000 Mton PLA plant

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▪ 2,500 farmers produce 600.000 mtof cassava or 1.1 Mln

mt of cane

Farming Sugar production Lactic acid &Lactide

production

PLA production and conversion

▪ 500 workers in sugar plants to produce 115 kt

sugar

▪ 200 workers in Lactic Acid and

Lactide production plus 300 workers at other suppliers

▪ 500 workers in conversion of Lactide to PLA

and other downstream

activities

▪ Single PLA plant has a the potential to create 4,000 jobs

▪ Additional jobs from construction of plants, infrastructure and logistics, etc. not included

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Improved PLA performance opens up high added value markets

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Disposables

Semi-durables

Time

Value & Performance

Durables