Introduction to perPETual Global Technologies and Polygenta

(a group company)

Presentation to Pontetorto
January 2017

“Making a material, sustainable difference”

Contents

• Introduction
• Overview of Chemical and Mechanical PET Recycling
• ReNEW’s Recycling Process
• Commitment to Process Innovation and Continuous Improvement
• ReNEW’s Environmental Performance
• Product Applications and Offering
• Fulfilling Customer Objectives Now and into the Future

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a perPETual Group Company
 perPETual – Dedicated to sustainable polyester filament yarn

• About us: perPETual is the majority owner of Polygenta

Technologies Limited, a Bombay Stock Exchange listed company.
Polygenta is the only manufacturer in the Indian sub-continent of
high quality, sustainable polyester filament yarn.

• Our ReNEW Process: Polygenta has licensed perPETual’s

proprietary chemical recycling technology, to transform 100%
post-consumer-waste PET bottles into high quality polymer/ yarn
which is comparable to yarn made from virgin petrochemicals.

• Our Management: Strong management team with deep Standards and Awards
experience in polyester, recycling, and the petrochemical industry
underpins our breakthrough technology. Polygenta has ~300
employees for its operations (integrated thru to texturised yarn).

• Our Products : Polygenta makes and sells a wide range of yarns

ranging from 50-1200 denier for various applications to a broad
portfolio of global brands.

Our Investors ISO 9000, 14000, 18000

WINNER 2012
Sustainable Investment of the Year

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a perPETual Group Company
 What We Do… Offering a Robust Solution to the Problem
Problem
• Enough plastic is thrown away each year to
circle the earth four times
• 17 mn tons of bottles are generated yearly
with over half ending up in landfill or
incineration
• It takes hundreds of years for plastic to
degrade.
• Countless marine life and birds are killed
annually from plastic in our oceans.
a perPETual Group Company
Our Solution = ReNEW Process
• We break down PET bottles chemically into
polymer building blocks (esters) to make high
quality polyester filament yarn in a cost efficient
and sustainable manner.
• We have the ability to process various qualities of
waste-PET bottles and access feedstock
considered “harder-to-treat” (e.g. higher
tolerance for impurities such as glues, dyes,
flavour molecules, dyes, etc.
• Relative to other chemical recycling, ReNEW
consumes less energy
• Offers seamless integration with existing
polyester plants
• Commercially viable at a smaller scales.
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Polyester’s “reversible chemistry” is the basis for ReNEW’s (and other) Chemical
Recycling Processes
Reaction Chemical Nomenclature Explanation
Esters:- • PTA (an acid) and MEG (an alcohol) are the
PTA + MEG = Esters + Water primary polyester feedstocks (from crude oil)
• MEG also used to “break-down” polyester in
ReNEW’s chemical recycling
• Ester is polyester’s building block (repeat units
‘n’=2)
• Making ester from PTA+MEG is highly energy
intensive.
Poly-ester:- • Individual esters are “condensed” into long chain
Esters – MEG = Polyester molecules called “poly-ester” by the ‘removal’ of
(Polycondensation) MEG (hence ‘poly-condensation’ )
• MEG removal controlled to yield desired ester
R60 R80 R100 R300 chain length (with critical performance
Films Yarns Bottles Tyre Cord
properties)
• Applications vary with the number of repeat
units: e.g. (R 60 = Films, R80 = Yarns, R 100 = Pet
Bottles, R300 = Polyester tyre cord)
Breaking down polyester • By “adding back” MEG, long chain polyesters can
(chemically) be broken down again (depolymerised) into prior
components, i.e.:
• Polyester + MEG = Ester o Smaller Ester molecules
(Glycolysis) o “back to PTA and MEG”
• Different chemistries exist to break down
• Ester + Water = PTA + Polyester:
MEG o Glycolysis (ReNEW is proprietary Glycolysis)
(Hydrolysis) o Hydrolysis
o Methanolysis
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a perPETual Group Company
How to tell the difference between Mechanical and Chemical PET Recycling
Process Similar Starting and End Points Differentiators
Molecular Size
of process Viscosity /
End Product (e.g. output (# repeat Filtration Ease of Process
Starting Feedstock POY) units)1 Pressure Filtration Waste
Mechanical • PET Bottle flakes Polymer filament
(r min = 100) Strands w/ r min =
High / Can be
• Pre consumer 80. (rmin= 80)
200+ atm Challenging High
industrial waste
(r min = 80)

ReNEW Chemical PET Bottle flakes Polymer filament

with typical 100 Strands w/ r min = Reliable;
ester repeat units 80. Very Low/
comprehens Low
(textile waste (rmin= 2 to 3) Normal
ive
possible)

1. rmin = minimum number of ester repeat units in outlet of recycling process.

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a perPETual Group Company
Why choose RENEW Chemical Recycling?

• Polyester performance depends on Key Parameters including:

Mechanical Dye Elasticity Product Colour
Strength Uniformity
• Our ReNEW process matches the conventional polyester manufacturing process conditions

Key Process Control Importance of these Conditions in Conventional ReNEW Chemical Recycling (how it seeks to match
Conditions Polyester Manufacturing conventional processing capabilities)

Process Temperature Elevated thermal exposure (temperature and/or time) Temperature < 220 deg C
can impair product colour; cause side-reactions;
branching.

Contamination Contamination is less of an issue for conventional
minimised/ avoided polyester’s high purity feedstocks from crude oil
refineries (PTA+MEG) but must be ensured
Spinning speeds and • Spinning speed: 3,000 m/min needed for optimal
texturizing conditions pre-orientation for apparel grade products
ReNEW has multiple, redundant decontamination aspects
(sufficient to meet US FDA standards for food contact):
• filtration Hot EG Wash;
• absorption;
• adsorption/ leaf depth filtration
• Spinning speed: enables 3,000 m/min needed for optimal
pre-orientation for apparel grade products

Uniform Variability in polymers can impinge on strength and can Molecular weight broken down to 2 to 3, followed by
polymerisation hamper consistency dye uptake homogenisation at low viscosity ; So PET bottles for different
end uses with widely variable molecular weights do not
matter (not straightforward for mechanical recycling)
By products (like Generated during the process, DEG more inclined to be generated during recycling; ReNEW
DEG) mitigates with specific process phases to control DEG to
acceptable levels and create favourable impact in dye uptake

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a perPETual Group Company
 The ReNEW Recycling Process: our breakthrough, commercially proven,
patented technology
Glycolysis Process
-Proprietary two step low
temperature Glycolysis process
a. Solid to liquid phase-change
-b. Polyester to ester phase
change
- Glycol recovery
Glycolysis Process - Filtration
and de-colouration
Proprietary process to
remove all impurities such as
glues, dyes, flavor, dye, paper
etc.

Waste PET bottles Multi-step filtration Homogenisation

Polyester Phase Standard
flaked (Polyester) and de-colouration and Ester
Change Polymerisation
process Enhancement

Recovered
MEG Glycol
Recovery
MEG MEG

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a perPETual Group Company
 Conventional PET Manufacturing Process

PET Applications

Conventional Polymerisation Process used to Manufacture PET Textile

PTA

Polyester Films &

Crude Oil + Ester
(PET) Packaging

MEG
PTA & MEG units react to make esters. These esters pass through a
polymerization plant, linking them in a chain, making a poly-ester. Bottle

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a perPETual Group Company
What we do today – Our Sustainable Ester replaces Crude Oil Derivatives

PET Applications

Sustainable Ester + Standard Polymerisation = Sustainable PET Textile

PTA

Polyester Films &

Crude Oil
Crude Oil + Ester
(PET) Packaging

MEG
PTA & MEG units react to make esters. These esters pass through a
polymerization plant, linking them in a chain, making a poly-ester. Bottle

The ReNEW Unit: a patented technology

Ester Waste PET

Bottles

Proprietary de-polymerisation and filtration technology to turn all types

of waste PET bottles back into high-quality sustainable esters.

What we do today

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a perPETual Group Company
 Continuous Process Innovation: Dedicated to Improving Sustainability Performance…
and Making it more Affordable
RPET Filament Yarn Production Cost $/MT

Sustainability Performance
Conversion Cost

-clear bottles
- coloured bottles
- mixed colour
- packaging waste
- textiles waste

2015 -----------------------------------Time------------------------------------------2018-20

• ReNEW’s robust recycling and decontamination capabilities makes it an excellent foundation for developing
further recycling solutions for various PET wastes, particularly those with more challenging contamination
profiles
• Many of these more contaminated PET waste streams are lower cost. Subject to successful ongoing investment
in process improvements, these offer an opportunity to both expand the recyclate streams and lower the cost
of recycling over time – without compromising quality or consistency of the finished product.
• An outcome that is worthy of investment: by Polygenta (perPETual); its Customers; and Consumers…

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a perPETual Group Company
 Textile-to-Textile Polyester Recycling based on a ReNEW development platform

[2] Engineering Innovation [3] Health,

 Materials Processing Eng; Safety, and
 Resource and materials efficiencies; Social
 Effluent + waste treatment Safeguards
 Critical condition controls
 Solvent regeneration

[4] Value Chain

Development
[1] Chemistry/  Chem. /
Process Auxiliary
Innovation: ReNEW: Specialist
 Pre-treatment From Bottle to Textile (“B2T”) today Firms;
of Dyes,  Fabric mill,
To
Auxiliaries, Garmenter,
Textile to Textile (“T2T”) tomorrow… Win-win
etc.
Partnerships

[7] Certification;
Industry Standards;
Disclosure/ [5] ‘Evolutionary’ Product and
Labelling; Sales Development
Etc. [6] MIS;  Compatible with gradual,
Tracer /Audit progressive recycling
Capabilities; capabilities and capacities
Infrastructures

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a perPETual Group Company
Closing the Loop with the ReNEW Process

Conventional PET Manufacturing Process

PET Applications

Sustainable Ester + Standard Polymerisation = Sustainable PET Textile

PTA

Polyester Films &

Crude Oil + Ester
(PET) Packaging

MEG
PTA & MEG units react to make esters. These esters pass through a
polymerization plant, linking them in a chain, making a poly-ester. Bottle

The ReNEW Unit: a patented technology

Ester Waste PET

Proprietary de-polymerisation and filtration technology to turn all types

of waste PET bottles back into high-quality sustainable esters.

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a perPETual Group Company
ReNEW’s Environmental Performance (vs. Conventional Polyester)

Environmental Performance: ReNEW vs. Conventional DTY

120%

100% 96%

87%
84%
80% 76%
72%

62%
60%

40%

20%
9%

0%
Acidific. Eutrophi. Global Warm. Human Tox. Photochem Oz. Prim. Energy Fresh H2O
Virgin DTY Recycled DTY

Source: Study by thinkstep AG (India) supported

by a grant from the UNEP.

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a perPETual Group Company
Product Offering: Comparable Yarn Performance + Superior Environmental Performance +
Continuous Innovation (versus conventional polyester yarn)

Product performance
• Consistent performance in critical textile applications
• Comparable weaving productivity/ process efficiency as virgin yarn
SPORTS/ • Possible to match any desired color shade
OUTDOORWEAR

Existing Nasik Product Capabilities

• Our plant is capable of producing micro denier yarns up to 0.5 DPF at DTY
LIFESTYLE APPAREL/
DENIM stage
• Capability to produce wide range of yarn from fine to coarse denier (50-1200)
• Broad application in sportswear, lifestyle wear, home-furnishing, carpeting,
outdoor equipment/ accessories, footwear, narrow tapes etc.

ACCESSORIES

Sustainable Ester Applications [in development]

• Performance materials (e.g. component material for thermoplastics for
footwear; breathable/ waterproof materials;
• Non-apparel / footwear applications: example – unsaturated polyesters
HOMETEXTILES resins for industrial applications
• High performance thermoplastics

AUTOMOTIVES

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a perPETual Group Company
Product Offering

The patented process under-pinning Polygenta 100 %-recycled polyester filament yarn is the result of
years of development, undying passion and 100% dedication.

This has lead to the breakthrough production of one of the most sustainable filament yarns available in
75– 1200 denier for a range of applications. Polygenta also offers recycled POY.

Sr. No. DTY Denier No. of Filament Intermingling

1 50 36, 48, 72 LIM

2 75 36, 72, 108, 144 NIM, LIM, HIM

3 100 36, 72, 108, 144 NIM, LIM, HIM

4 150 36, 48, 72, 108, 144 NIM, LIM, HIM

5 300 72, 108, 144, 192 NIM, LIM, HIM

6 300x2 72, 108 LIM, HIM

7 300x4 72, 108 LIM, HIM

Our yarn’s quality , appearance, physical properties, and processing performance are
comparable to yarn made conventionally from crude-oil based petrochemicals.

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a perPETual Group Company
perPETual and ReNEW: Fulfilling Customer Objectives Now and into the Future

CRITERIA Current Objectives/ Performance Long Term Vision

Quality/ •Supplying consistent, high quality yarn as •To supply a complete range of value added
Consistency per market demand in a broad range of products and customised specialities
yarns and applications.

Cost •Affordable Sustainability •Process innovation driving continuous advances

in efficiencies for a triple bottom-line (without
compromise) to performance, quality,
consistency, and environmental benefits

Environmental • Markedly better environmental •To provide closed-loop recycling solutions within
and Social performance than virgin yarn alternatives the apparel and footwear sectors for a complete
Performance (LCA basis on “apples to apples” basis) range of products (semi-finished waste and end-
•Use of clear flakes as raw material of-life)
•Creation of organized supply chains to collect all
forms of PET waste (lowering cost, environmental
impact, recyclate contamination)
Customer •Only 100% post-consumer bottles as •Customer understanding of the relatively high
Perception / feedstocks to maximise environmental contribution of material to a finished product’s
Satisfaction performance environmental performance
•Transparency and visibility of the material
source of products

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a perPETual Group Company
 Thank You!

Contact Us
perPETual Global Technologies Limited Polygenta Technologies Limited
AAA Global Services Ltd, Kaledonia (HDIL) Building, Unit No.1B, 5th floor,
1st Floor , The Exchange, 18 Cyber city, Sahar Road, Off Western Express Highway,
Ebene, Mauritius Andheri (East), Mumbai 400 069 India
Tel: +230 454 3200 | Fax: +230 454 3202 Ph : +91 22 6193 3333 Fax : +91 22 6193 3316
info@perpetual-global.com

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a perPETual Group Company