The Quest for a New 100% Biobased Polyester to Change the Surface of the PET Industry Washington, April 29, 2014

 Technology company based in Amsterdam, The Netherlands  Core capability: developing novel, high-performance catalytic processes using high-throughput R&D  Proven track record: leading provider of catalysis R&D services and systems to oil refinery and chemical companies since 2000  Blue-chip customer base  Commercializing new technology for making PEF: a 100% biobased polyester  Game changer performance properties for high-volume markets  In collaboration with major brand owners 2 Avantium profile

PEF: the next generation polyester Performance Sustainability High-volume markets

PEF: Poly-Ethylene-Furanoate  100% biobased polyester: –Biobased FDCA monomer –Biobased MEG monomer  Superior performance over PET: –Game changing barrier performance –Improved thermal stability –Excellent mechanical properties:  Significant reduction in carbon footprint –70% lower carbon emission –65% lower NREU ABLC Carbon dioxide (CO 2 ) 4x Water (H 2 O) 2x Oxygen (O 2 ) 10x

FDCA & PEF: huge market opportunity FDCA Polyesters Polyamides Polyurethanes Coating resins Plasticizers PEF Bottles Film Fibers 5 ABLC 2014

6 Making PEF A Breakthrough in a Nutshell Products Chemical catalytic process Fit with existing assets Enhanced performance Broad range of applications Renewable source Feedstock flexibility ProcessFeedstockMarkets Strong market pull Driven by major brands FDCA monomer Drop-in process  Proprietary process  PEF polymer Avantium’s YXY technology:  Feedstock flexible  Proprietary chemical catalyzed production process  Use of existing assets  Proven at pilot scale – preparing for commercial scale  Cost effective

PEF: the next-generation packaging material Improvement of existing packages 7 Opportunities for new packaging innovations Existing markets penetration New markets penetration ABLC 2014

Creating market pull through partnerships 8  Leading converter  PEF bottles for: food, home care/ personal care, alcoholic beverages  World #1 brand  1.8B servings per day  Strong commitment to sustainability & innovation: PlantBottle  #1 Water company in Europe  Bouteille Végétale ABLC 2014

Progress: manufacturing  Avantium is operating a Pilot Plant (Geleen, the Netherlands) for making FDCA since 2012 –Production of R&D volumes for partners –Process development –Control over purification and color  Preparing for first commercial-scale PEF production: –Review of brownfield and retrofitting options in N-America and Europe –Financing options  Feedstock flexibility: –Start with conventional feedstock options –Enable the use of sustainable sugars 9ABLC 2014

Progress: regulatory 10 Filed petition for FDCA monomer and PEF packaging material with EFSA Registered FDCA with ECHA (REACH) ABLC 2014

Progress: recycling 11 Made from 100% Recycled PEF 100% Biobased Conventional polyester dyeing technology Conventional polyester spinning technology ABLC 2014

Conclusions Avantium: technology company with world leading catalyst development capabilities PEF: 100% biobased and positioned as the next-generation polyester Performance: superior barrier and thermal properties provide high-volume market opportunities for existing and new packaging solutions Partners: supported by major brand owners: The Coca-Cola Company, Danone and ALPLA Feedstock: suitable for conventional carbohydrates and sustainable sugars Timing: first commercial scale FDCA and PEF plants operational by 2017 ABLC 2014

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