RECNOREC Recycle non recyclable waste from France, Europe and Global

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RECNOREC Recycle non recyclable waste from France, Europe and Global
RECNOREC

   Recycle non recyclable waste
from France, Europe and Global…
RECNOREC Recycle non recyclable waste from France, Europe and Global
PART 1 - Executive Summary
RECNOREC transforms non-hazardous, soiled and unsorted waste into an innovative material replacing advantageously
low quality wood or virgin plastic in various outdoor or industrial applications.
RECNOREC acts for the planet resources preservation and for local social positive impacts creating territorial-size recovery
industry in an inclusive employing state of mind and involving all local stakeholders. Through its social business model
commitment, RECNOREC will create and manage a European and then international network of small local processing
plants organised around locally produced waste and maximizing societal benefits.
Final waste get a new and sustainable life                          Let’s build together a “positive-waste” Society!
RECNOREC is able to bring an efficient solution with rapid growth and immediate impacts to environmental, social and
economic major issues such as following 3 challenges:
1st challenge: develop a European solution to plastic waste management.
Each European citizen produces each year 250 kg of final waste, orphan of any satisfying treatment solution. Each year,
                              150 million Tons are buried in landfills. About 75% of these waste are made of plastics and
   RECNOREC RECYCLES
                              represent a huge dual challenge for Europe:
     NON RECYCLABLE
                              - Put a quick stop in waste landfilling through European recovery industry.
          WASTE
                              - Find continental solutions for secondary raw materials, as they are often
                              exported and are hardly remanufactured inside EU.
2nd challenge: preserve natural resources exploited under unacceptable conditions, as EU 2020’s objective is to ensure
                             for the long term the sustainability of wood sector, including to stop or decrease
  RECNOREC PRODUCT           deforestation and implement a sustainable value chain for local inhabitants. € 1.5 billion
     AS ALTERNATIVE          importation of tropical wood coming from Indonesia, Malaysia, Gabon or Cameroun, and
         TO WOOD             wooden furniture coming from China are still contributing to unsustainable forests and
   AND VIRGIN PLASTIC        woodlands management around the world.

3rd challenge: relocate industry to develop sustainable economy. Europe 2020 strategy aims to support EU growth and
job creations while including all workers. This means maintaining European international positions and preserve European
peace and social model. Environmental issues have become priorities, as they are obviously
connected to social issues and economic growth. The economic potential of Social business        RECNOREC BUILDS A
is been advocated throughout Europe.                                                             NETWORK    OF LOCAL
Relocating jobs and preserving environment needs at the same time:                                  AND INCLUSIVE
 To re-industrialise countries to produce locally, in a safer and cleaner way                    PLANTS  TO CREATE
 To reduce imports and promote local products                                                     JOBS AND  SHARE
 To fairly share wealth and be more competitive.                                               SUSTAINABLE WEALTH

To bring these challenges an efficient and large-scale solution, able to bring together all economic actors fully concerned,
Ugoline Soler and Oksana Kurbanova, RECNOREC 2 co-founders were lucky to discover an original and simple technology.
                              This process concerns final waste, orphans from any recovery solution, and usually buried
 EASY RECOVERY                into landfills, and it produces an innovative sustainable material which can transform our
    PROCESS                   consumption modes.
 100% FINAL WASTE             Processing and then consuming this material can solve macrowaste pollution all around the
 100% SUSTAINABLE             world, will limit natural resources depletion and protect our planet from over consumption.
    MATERIAL                  The 2 co-founders were delighted to realize that over those obvious environmental
 HUGE APPLICATIONS            challenges, this industrial project also brings large social benefits. Moreover, it can also be
                              considered as geostrategic, as it acts for social peace and for political sustainable targets
                              achievement.
All modern states involved for citizens welfare and Earth health should join us!...
Let’s see what this innovation is and how RECNOREC will proceed…

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                    March 2018 / Page 1/12
RECNOREC Recycle non recyclable waste from France, Europe and Global
This original solution is innovative because of its simultaneous association of essential principles:
  RECNOREC INNOVATION              1. Soiled+unsortable => Rich waste for RECNOREC: no need for additional sorting cost
  A SUSTAINABLE PUZZLE             2. Easier and cheaper collection than sorted waste: waste collection remains as it is, bins
                                   are brought nearer to RECNOREC plants
  OF MANY
                                   3. 100% final waste: no addition of any virgin or chemical components (compared to
  EASY-TO-ACHIEVE
                                   current composites or panels)
  PRINCIPLES                       4. Abundant local raw material with a traditional supported cost
                                   5. Recyclable production: RECNOREC product is 100% recyclable in our process
    6.    Long life-time material: far stronger than most composites and wood panels
    7.    Reliable and strong machines : our process is a thermodynamic grinding technology
    8.    Huge potential of applications through various waste recipes and common manufacturing process (we mix final
          waste from various producers)
    9.    Social business commitment to empower local economies with their own local resources and needs
    10.   Open source: the technology is available to promote large-scale final waste recovery worldwide. RECNOREC will
          develop its own know-how and expertise and share it with social business partners
    11.   Creativity: processing factories will let their workers design and test new recipes and new shapes to open new
          doors for the material
    12.   Affordability to naturally change consumers’ choices to conscious sustainable decisions.
These principles are pieces of a sustainable puzzle which will lead to an ambitious and realistic solution. This project is
capitalistic with industrial processing based on strong hypothesis and existing market. It proposes a responsible way to
produce in a market economy while addressing a clear environmental challenge and maximizing social wealth through the
creation of jobs and the strengthening of local economies.

RECNOREC traditional B2B recycling industry business model is based on 2 main revenue streams:
Upstream: royalties from waste treatment (competitive royalty compared to local incineration and landfill)
Today Final waste are already collected and brought to landfill with current royalty from €60 to 120/Ton. Those disposal
are obviously far from urban centers and represent high transport cost. Our safe and clean plants will be built close to
urban waste facilities. At same global cost for waste producers, RECNOREC royalty will be around €80 to 150/Ton, which
stays under current recovery solutions.

Downstream: sales of secondary raw material (depending
on final uses to be identified during prototype phase).
Applications are being studied. We are mapping them
following 4 major criteria to select priority for RECNOREC
growth:
      Market size and need: small series or big volumes
      Unit sale cost: high added-value or low cost material
      Technical constraints for processing : shaping,
         manufacturing, distributing chain …
      Waste regulation and standardization barriers to put on the market: qualifications, analysis, procedural delays…
At today small-scale used of the technology in South America, current uses of the material help us define projected sales.
Succinctly, identified applications are substituting our material to wood in various outdoor contexts (terraces, fences,
outdoor furniture…), in hard-conditions uses (palets, cattle’s housing, scaffold, boxes…) or in sharped outdoor objects
(pots, profiles, bricks…). Minimal unit ex-factory sale price are from €20 to 60/m2.
To make an idea, In France, wooden based panels market is about €1,5 Billion. RECNOREC material can replace panels
such as flywood or particles panels in multiple applications:
      Low quality products            Low –medium quality               Medium - High quality       Medium - High quality
 Palets                           Storage                           Outdoor floors              Wooden seats
 Ww:105 M units                   and fences                        680 M€                      EU: €17 Million
 (€ 15/unit)                                                        € 30 to 60 /Ton

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                       March 2018 / Page 2/12
RECNOREC Recycle non recyclable waste from France, Europe and Global
As said before, RECNOREC waste transformation process is based on an existing craft-scale technology from South
                                America. It operates through family and empirical know-how, for local final waste.
  CRAFT TECHNOLOGY              A material is already put on the market, as an alternative to precious tropical wood or to
  EMPIRICAL KNOW-HOW            low tropical climate resistance wood. Our Brazilian partners are committed to their
  FROM SOUTH-AMERICA            environment preservation and are involved to help us scale up this non-patented
                                technology to ambitious and global benefits.
To achieve industrial scaling up, RECNOREC needs to:                                           WITHIN SUMMER 2018:
     Characterize European final waste (Axis 2-see below)
                                                                                               -DETAILED        MARKET
     Adapt the process parameters to these specific waste (Axis 2)
     Analyse precisely the material properties (technical and environmental) (Axis 2)         STUDY
     Select prior applications (Axis 1)                                                       -R&D WORSHOP
     Scale up from T200/y to T30 000/y (Axis 3)
     Assimilate all European rules and constraints in the process and in the operations. (Axis 3)

Our project is beginning and is organized on 3 major development axis:
                               1) « GO-TO-MARKET stage » small material import to test the market through Proves Of
 3 DEVELOPMENT AXIS            Concept (POC) operations;
 1) GO-TO-MARKET               2) « GO-TO-PROCESS stage » to adapt the process to local final waste. We are validating
 2) GO-TO-PROCESS              our first laboratory machines to produce our own samples. Our workshop will be operated
 3) GO-TO-INDUSTRY             within Summer-2018. Then we will prepare RECNOREC prototype: a medium-term mini-
                               plant and long-term R&D unit to operate within 2019-S2. Small series will be produced and
       new applications tested;
   3) « GO-TO-INDUSTRY stage »: scaling up will then be designed to build a first industrial-scale plant in 2021, to
       operate fully 2022.

RECNOREC is aware of hard-to-initiate such an industrial project. Europe and France are used to delocating and industry
dropping-out and feel uncomfortable to support and assist new entrants. To keep in step with our Social business values,
we decided a financial strategy based on maximal independence and security. We try to fund the project beginning with
Social business and Circular economy challenges and social and environmental innovation subsidies. Banks are waiting for
recurrent turnover to contribute and we try to avoid dilutive equity before our first practical results. Within Autumn-2018,
we plan to ask for citizen commitment via crowfunding and love money. RECNOREC is 2017 winner of LaFabriqueAviva
Challenge: Aviva €50 000 award and BFM communication were a nice launching for the project.

After its 1st industry-scale plant, RECNOREC aims to develop a large network of local-scale plants, building sustainable
partnerships with local actors. Their obvious operational values and fair wealth-sharing motivations will be major criteria
to contract together. As shown next page, the activity is quickly profitable: added-value and earns will be reintroduced
into the company through R&D and inclusion, and will contribute to various depollution operation through the world (such
as garbage patches that are one of the founders’ biggest concerns). Funding non-profit depolluting organizations as
consumers’ commitment for the Planet.

                             Employment is a major issue for RECNOREC. High-level and low-skilled jobs administrative
  SMALL PLANTS FOR
                             and technical, for all king of workers, in an inclusive state of mind. Social diversity to
  MAXIMUM JOB                contribute to living together. We decided to build small-size recovery plants to maximize
  CREATIONS                  job creations, compared to disposal and incineration.
  ALL TYPES OF JOBS          Today Greentech is considered the best source of employment growth as it is rarely
  PROMOTE INCLUSION          delocalizable. Each RECNOREC plant will create around 30 jobs to transform the 30% of a
  AND DIVERSITY              200 000 inhabitants final waste production. In France, 300 plants could emerge in the next
  EMPLOYMENT                 10 years. Why 30%? Only to preserve slow traditional recovery increase and waste
                             production decrease.
See next page our technical and financial projection to achieve these goals.

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                    March 2018 / Page 3/12
RECNOREC Recycle non recyclable waste from France, Europe and Global
Find in the table below some precisions about RECNOREC business opportunity: keeping affordable royalty and unit sales,
RECNOREC converts Tons into M2, with a huge multiplying factor. Final waste become a real high-added value product.

With soft hypothesis about sales prices and 1st plant load increase, find below RECNOREC projected growth. Later on, 1st
plant will have confirmed its scalability and RECNOREC will organize its industrial deployment, in France, Europe and
everywhere Final waste and natural resources depletion are becoming a real concern for public and private managers.
                        2017              2018               2019               2020               2021             2022
                   1-Opportunity
                                     2-Go-to-Market
                                       Feasibility +     Sales dev                 Sales development               Sales dev
                                          POC            (import)               (own small production)           (indus prod)
                     Job creations        1 fte            3 fte                 3 fte           4 fte               8 fte
                      Investments
                             Sales     170m2 10 k€ 350m2 20 k€            500m2 30 k€        500m2 30 k€
                                     3-Go-to-Process (Prototype)
                                       Workshop            Design                   Operating                   Waste & App°
                     Job creations      0,25 fte           2,5 fte            5 fte           5,5 fte               8 fte
                      Investments        30 k€             800 k€             80 k€                                200 k€
                             Sales                     100Tt=600m2        400T=2 400m2 500T=3 000m2             500T=3 000m2
                                                          110 k€             440 k€           550 k€               550 k€
                                                                          4-Go-to-Industry (1st plant)
Projected timeline and growth are still indicative                        Scale up design        Building         Operating
data: current feasibility study will achieve more       Job creations         1,5 fte             2,5 fte           30 fte
reliability.                                             Investments                            12 000 k€          1 000 k€
RECNOREC team is available for further details.
                                                                Sales                        8 kt=0,4Mm2        20 kt=1,2Mm2
                                                                                               12 000 k€          35 000 k€

                           2017           2018               2019               2020               2021             2022
Process                                       30 k€             800 k€              80 k€          12 000 k€           1 200 k€
R&D cost                                     100 k€             300 k€             600 k€             800 k€           1 000 k€
Investments                                  130 k€           1 100 k€             680 k€          12 800 k€           2 200 k€
Total subsidies      (1)     50 k€ (2)       150 k€    (3)    1 000 k€    (3)    1 200 k€    (3)    1 300 k€
Equity                                        80 k€             300 k€                              3 500 k€
Bank                                         100 k€             300 k€             200 k€           3 000 k€         -1 000 k€
Financing                    50 k€           330 k€           1 600 k€           1 400 k€           7 800 k€         -1 000 k€
Turnover                                      10 k€             130 k€             470 k€          12 580 k€         35 550 k€
Salaries                                      80 k€             350 k€             600 k€           1 000 k€          4 200 k€
Other cost                   10 k€            90 k€             200 k€             350 k€           6 500 k€         18 600 k€
Total cost                   10 k€           170 k€             550 k€             950 k€           7 500 k€         22 800 k€
Net operations                10 €          -160 K€            -420 k€            -480 k€           5 080 k€         12 750 k€
Cash-flow                    40 k€            40 k€              80 k€             240 k€              80 k€          9 550 k€
Job creations                               1,25 fte            5,5 fte            9,5 fte             12 fte            46 fte
(1) LaFabriqueAviva 2017 (2) BPI-France + SME-i-phase 1 + SB challenges (3) ADEME (over 3 years) + SME-i-phase 2 (over 3 years)

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                         March 2018 / Page 4/12
RECNOREC Recycle non recyclable waste from France, Europe and Global
Beyond technical and financial issues, co-founders and all RECNOREC team are committed
to build a social and societal project. On one side, we aim to make consumers’ choices MAKE SUSTAINABLE
evolve towards sustainable and responsible decisions. On the other side, we want to prove - AFFORDABLE FOR ALL
                               another industrial way is possible: more local, fairer, - EASY
  TOWARD SUSTAINABLE           accepted by citizens and committing them. Both to make
  CONSUMING                                                                                    - OBVIOUS
                               traditional non sustainable business unacceptable even for
  and OPERATING                “economic” reasons. Yes, RECNOREC team is fully optimistic
                               about the collective capacity to change course. That’s why we intend to change customers
approach to their purchases. First through pedagogy about waste management, recycling and secondary raw materials,
second through transparency and collaborative governance with its stakeholders, and last but not least through the
production of our material. This last point implies working with independent partners to build reliable comparative
documents about available materials on the market: as we want to offer affordable high technical and environmental
                               quality for all budgets, people must now choose to consume within their social values.
  INFORM and INVOLVE
  CITIZENS                     Local production, local waste, transparency, safe products, right price, social business and
  PEDAGOGY &                   collective responsibility are some of RECNOREC arguments to change individual and
  TRANSPARENCY                 private customers’ consumption mode.

RECNOREC ambition relies on a solid and growing team. Ugoline and Oksana, the 2 co-founders are organizing a polyvalent
team to achieve this program. Various contributors complete their backgrounds, as detailed in Part 3 (Team).
   1) The co-founders: technical, entrepreneurial and innovative profile (Ugoline) completed with multicultural and
        international business developer (Oksana). After half carrier in waste management, Ugoline wanted to commit to
        more efficient action. She applied and then graduate from Paris-Dauphine Social business management to feel
        confident and reliable to engage this entrepreneurship adventure.
   2) The future staff: B2B, business and patent skills (Hélène), waste operating manager (Georges)
   3) The direct partners: process expert (Jairo), recycling and materials expert (Neo-Eco), brazilian partner (Bioecotek),
        marketing partner (Ozagora)
   4) Some specific partners: EU funding (Kol Trading), Material analysis (NOBATEK)
   5) Our sponsors: various sponsors complete the team skills around plastic industry, insurances, industry operating,
        accounting, lawyer, material analysis…
   6) And for sure our future consumers, early adopters who help us test the material on the French market.
Each of them have decided to contribute to high social value projects and RECNOREC is for them a perfect challenge.
They are enthusiastic and give precious advices to the co-founders. They also bring their network to RECNOREC. Some
other future staff are to join RECNOREC, as soon as funds are completed.

Operating a social business means being aware of its benefits and impacts through              MEASURABLE BENEFITS
transparent and sustainable indicators. Our Quality plan is not completely defined yet but     1 Ton processed
we start identifying how to assess RECNOREC numerous impacts. See non-exhaustive                = 1 Ton avoided in
environmental, economic and social impacts on table in Annex (Assessing RECNOREC               landfill
impacts). An obvious example deals with the activity itself, as 1 Ton of final waste treated   = 1 Ton Material
avoids 1 Ton landfill disposal, produces 1 Ton of recyclable material and preserves 1 Ton
                                                                                               produced
of natural resources, such as wood or fuel (virgin plastic resins).
Moreover, we want to promote all depollution non-profit projects through free-royalty for      =1 Ton natural resource
their waste collection operations.                                                             preserved
RECNOREC is a solid and ambitious project, which needs all possible contributions to           30 jobs/30 000 Tons
become a collective success and a Citizen’s agenda. Our targets are France, then Europe        SOCIAL BUSINESS values
and then any committed territory for sustainable development.                                  ZERO WASTE ACTIVITY
                                     Building a “positive-waste” society …
                        … consuming more waste to grow than producing, is now possible.
                                      Earth is waiting to get clean again.

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                   March 2018 / Page 5/12
RECNOREC Recycle non recyclable waste from France, Europe and Global
ANNEX – Assessing RECNOREC impacts
  To simplify benefits reading, find below:

  Environmental benefits
  Economic impacts
  Social and society issues

  Detailed indicators will be define while next steps growing. Note that some indicators have dual impacts, such as
  “Increases recovery rates” leads also to Environmental benefits. Etc.

                 HOW MANY?                                             HOW?                                  WHAT?
                                                                                                    Preserves our Planet health   E
1Ton produced = 1Ton preserved                   Limits natural resources depletion
                                                                                                    and providing capacity        N
From 1 week life-time to decades                 Produces a strong and long life-time material      Limits natural resources      V
0 waste from the plant                           Our material is recyclable in our process          waste                         I
1Ton treated = 1Ton avoided from disposal =                                                                                       R
                                                 Gives high value to non-recyclable waste
1Ton put again on the market
                                                                                                                                  O
Each Ton collected is royalty-free for non-      Supports waste collecting operations in natural    Promotes Earth cleaning
                                                                                                                                  N
profit-organisations                             areas
Sponsorship (% of profits)                       Finances Global depollution challenges
                                                                                                                                  M
R&D and innovative programs (% of profits)       Is adaptable to waste evolution                                                  E
                                                                                                    Promote other waste           N
Pedagogy programs (% of profit)                  Help understand waste management issues            recovery solutions            T
                                                                                                    Contribute to States
Increases recovery rates                                                                            ambitious sustainable
                                                 Shares wealth between all stakeholders             targets
                                                                                                                                  E
Affordable royalty and sales                                                                                                      C
                                                                                                    Creates collective economic
                                                 Connects local economic actors to RECNOREC         value                         O
                                                 material manufacture                                                             N
                                                 Builds partnerships with social business                                         O
Contributes to a Social Business network
                                                 distributors and manufacturers                                                   M
Charter                                                                                             Helps people change their     Y
                                                                                                    consumption mode
                                                 Gives sense to industry, offer local sustainable
                                                 production

                                                                                                    Territorial waste
A 30 000 T plant is only 30% 200 000 inhab                                                          management solution to
                                                 Small territorial plants for local final waste                                   S
Final waste production                                                                              reconnect people with their
                                                                                                    consumption impacts           O
                                                                                                                                  C
From 30 jobs created by 30 000 T plant           Creates lots of relocated jobs                     Develops local economy,
                                                                                                                                  I
                                                                                                    empowers citizens and
A 30 000 T plant is only 6 bins/day              Creates a large network of small plants                                          E
                                                                                                    avoids NIMBY phenomenon
                                                                                                                                  T
A 30 inclusive job plant / territory             Develops workers social diversity                  Promotes living together
                                                                                                                                  Y
                                                 Improves workers and citizens welfare, give
Assess workers and citizens benefits (surveys)                                                      Contributes to peace
                                                 sense to their acts

  Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                          March 2018 / Page 6/12
RECNOREC Recycle non recyclable waste from France, Europe and Global
PART 2 – Interviews with stakeholders

     1) PUBLIC MANAGERS AND CITIZENS (7)
Anne P, Deputy managing director for business development at Communauté d’Agglomération de SQY (France-78):
« RECNOREC project connects sustainable development stakes to economic benefits. That’s exactly what a dynamic
territory such as Saint-Quentin-en-Yvelines needs. We are proud to host it in our incubator. »
Sébastien L, Student (France-91):
« I just come back from Beijing University. I feel China’s decision of stopping plastic waste import is fair as we must be
responsible for finding solution to recycle all plastics waste included soiled and mixed. It is necessary for the planet.
I’m proud saying that my mother is working on such an ambitious project! »
Jean-Louis D-P, President of Coredemm, NGO for plastic waste collection from natural areas (France-14):
« Our association is looking for partners to recycle the waste we collect. Would RECNOREC be interested to talk about a
partnership? »
Claire B, promotor of « les Ressourceurs », NGO for reuse and recycling (France-78)
« I met your project through Versailles newspaper. We would like to know more about a partnership with RECNOREC.
Let’s meet! »
Hélène R, CEO of Takoma (Digital Learning, IT applications) 15 M€, 70 persons:
« As mother of 4 children and founder of Takoma, I am really focused on social values and workers welfare. According to
me, the main additional value of RECNOREC is the local implementation for little production plants. It takes into account
social and economic aspects, and jobs creation. In all aspects, this innovation is amazing. According to me, it could be
called positive proximity! »
Bertrand R, owner of a house with garden (France-91):
« I’m planning to invest for a new outdoor area in my garden. I’m very curious of what kind of products I’m going to
choose. Same logic as Bio for food! I could agree to pay about 15% higher a sustainable furniture for my new terrace. »
Mireille L. citizen (France-17):
“I discovered Recnorec thanks to a TV broadcast and facebook. It was really good surprise for me with hopeless. My
passion are sealing and surfing. I am very aware of the effects of human behavior, especially disappointed by all these
plastics waste in the oceans all around the world without any solution to destroy them. RECNOREC could help the
“7th continent” to disappear… »

    2) MEDIAS AND SCHOOLS (4)
Laure G, founder and CEO of MonQuotidienAutrement.com, website
« Launched in 2012, Mon quotidien autrement is an editorial website and a weekly newsletter opened to a large public.
Our ambition is to promote a sustainable and healthy everydaylife to our 120 000 readers. Recnorec is exactly the type of
innovation they are interested in. People are waiting for French initiatives solving big environmental issues. »
Souad M, Training officer for ITESCIA Sustainable management School (Paris)
« Madam, your innovation for final waste recovery caught my attention. I would like to talk about a pedagogic partnership.
Thanks in advance. »
Stéphane Soumier, BFM TV - Good Morning Business, extract TV interview 2017/09/13:
Concluding the interview: « Thank you Ugoline co-founder of RECNOREC! I’m sure we are going to hear a lot about you
pretty soon. We are going to follow you and you will come back at BFM Business to speak about RECNOREC
latest developments. »
Frédéric Simottel, BFM TV - Start & Co, extract TV interview 2018/02/20:
Concluding the interview: « Thank you Ugoline and RECNOREC, you give hope to all people who are
disappointed about all these non-recyclable waste. Even me, I thought some of them were 100% recyclable
but not at all as you showed to us. » http://bfmbusiness.bfmtv.com/b84aca66-18b3-4676-bafe-fba7e24785f7

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                  March 2018 / Page 7/12
RECNOREC Recycle non recyclable waste from France, Europe and Global
3) WASTE PRODUCERS (4)
Pierre R, Production manager at Plast’Emball, packaging films Company (France-28):
« About 10% of our total production of plastics packaging is brought to landfill. Our plastics products for packaging are
more and more complex with multi layers. We don’t find any recycling solution compliant with this type of polymers. We
unsuccessfully tried some solutions, so we were very impressed to discover RECNOREC and we agree to deal with. »
Laurence D, Operating manager for municipal waste sorting plant (France-78):
« Sorting is very difficult to manage for our inhabitants due to the increasing complexity of packaging. 20% of our municipal
sorted waste are thrown to incineration. »
Anthony M, CEO of Décondi’Environnement (France-18) :
« When we have to put out packaging from food, drinks or other consumer goods, all soiled packaging are hard to recycle
if not washed. RECNOREC solution could avoid this step and offer an efficient recycling solution for these waste. »
Jean-Luc P, Philadelphia Brand Manager (Consumer goods industry):
« While negotiating with the national retail chains for new listing, sustainable issues takes big part. Packaging innovation
is part of innovation, through sophisticated packaging. Yes, telling our national purchasers we have a solution to recycle
our sophisticated packaging could be the best thing that we have even heard!”

   4) DEVELOPMENT PARTNERS (2)
Natacha K, Business and marketing manager at Nobatek, research center, (France- 64):
« Nobatek is involved with RECNOREC to study building applications thanks to with our expertise in sustainable building ».
Christophe D, CEO at Neo-Eco (France-59):
« RECNOREC innovation is unique: its recyclable technology doesn’t use any chemical components and the potential of
applications for the material is really huge. We will achieve end-of-waste-status certification for them ».

    5) MATERIAL CUSTOMERS (8)
Olivier D, Garden designer (France-47):
« This material is going to have an exceptional success if it delivers all the characteristics given because all the others
products on the market have low cycle life and deliver a non-satisfying carbon foot print. »
Christian J, Farmer (France-57):
« The wood which we usually use to store our cereal is fragile, sensitive to the humidity and facilitates the development
of parasite. We are very open minded to test new material for cereal-storage and cattle housing. »
André D, Deputy Sales manager at Transport 2000 (France-91):
« Today many customers wonder about the origin of our wood. The reports on the recycling do not bring us a good
advertising and depreciate our image, as well as the communication on deforestation in Brazil. Moreover wooden pallets
are forbidden in the cooled storage by Food industry regulation. Yes RECNOREC could be a good initiative, it depends on
the sales price, we need to be competitive at all levels. »
Jean-François C, CEO at Urbiocompost (France-57) :
« We agree to launch a first test to check the esthetic and resistance of this material for our biowaste-containers. »
Stéphane T, Outdoor Architect (France-78):
« I’m waiting for a whole pallet delivery to test the material as outdoor garden floor. I would be proud to be involved in
this sustainable project. »
François G, CEO at Espace Durable, urban outdoor furniture (France-44):
« We really need material such as RECNOREC on the market and I’m waiting for the first production run to make some
samples of furniture and littoral grounds. »
Nathalie L, Head Buyer at Leroy Merlin (France):
« Success for this product? Why not! It will fully depend on price. We sell our woodbased panel from €20 to 40/m2. Some
customers accept to pay higher price for outdoor furniture especially for high quality, but we are not so much positioned
on that. Leroy Merlin negociates high volumes at the lowest price thanks to our purchase department. »

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                    March 2018 / Page 8/12
RECNOREC Recycle non recyclable waste from France, Europe and Global
Eric O and Kamel S, independent Business developers (Israel):
« We want to start importing your material, next year we will tell you market acceptance. Then we want to install and
operate our own local production for local final waste. We absolutely need European standards for material and process.»

    6) INTERNATIONAL BUSINESS PARTNERS (5)
François J, Architect in International Project for Africa (Building & Construction Industry):
« I’m working on international architectural projects in Africa. More and more projects require sustainable specifications
and need guarantees for low carbon foot-print including building materials. Implementing locally RECNOREC technology
in small towns in Africa (Algeria, Senegal, and Ivory for what I know very well) could be part of the solution. Proposing
locally sustainable material should bring additional value to our projects in Africa. »
Silvar B, owner of Waste collection Company (Estonia):
 « I’m looking for innovative waste solution for my country. Your technology seems very adaptive to mixed waste. Can you
give me information about waste, operational cost and material market? Thank you. »
Ulan T, private equity, (Kazakhstan):
« Is that technology reliable? Please can you send me complete process video from detailed waste to final material? Can
you translate in Russian? Do you have already operating plant to visit? My customers will need to come and visit.”
Igor T, private equity (Russia):
« If we conclude, we will prefer to build a Joint-Venture, because we have the guarantee for machines, maintenance and
we can conserve exclusivity in Russia. »
Karen H, CEO of Sustainable services, Industrial waste collection company (Quebec):
 « We can send you samples of our customers non-recyclable waste. Please make tests and send us back the material
samples. We can test them here in Canada. Can you take videos? If samples are interesting, we can send you a small team
to discuss further. »

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                  March 2018 / Page 9/12
PART 3 – RECNOREC Team
    1) THE MAIN TEAM

                  Oksana Kurbanova (co-founder)                     Ugoline Soler (co-founder)
   RECNOREC Chief Sales Officer                                                                  RECNOREC CEO
                                                                                          Global strategy, Fundraising,
 Marketing and Sales, technology                                                        Development, R&D, Management
   transfer, transatlantic import-                                                             and Communication
 export, International deployment                                                           Agronomist engineer
                                                                                          specialized in waste and
 Freelance Commercial Director in                                                        environmental engineering.
              Industry                                                                        Business manager
  10 years International business                                                          specialized in Social
  experience customer-oriented                                                            Business (graduated
 Graduated in Geopolitics, Foreign                                                        from Paris-Dauphine,
     languages and Literature                                                                 February 2017)
 Oksana is Russian, married to a Brazilian man, mum of a 20 years experience in waste management, oriented
 little girl. She is a multicultural woman, is involved in human innovation and new business models.
 respects. She wants her job fit her values.                     Ugoline is French and raises her 3 children through open-
                                                                 mindedness, optimism and action. She wanted to engage
        https://www.linkedin.com/in/oksana-kurbanova-            in entrepreneurship since many years.
                              51435215/                           https://www.linkedin.com/in/ugoline-soler-b38365127/

           Jairo Bosquetti                               Hélène Luciani                     Georges Marafico
  RECNOREC Process Tuning Engineer                 RECNOREC Business Advisor              RECNOREC future Operation
      Workshop machines and                      Patents’ policy and business plan                    manager
        scaling up prototype                                                                  Waste transformation
                                               QSE (Quality-Security-Environment)        management and waste collect,
    Industrial mechanics and Process          More than 20 years on BtoB and BtoC         logistics issues and industrial
                Engineer.                       markets (Consumer goods, water                     partnerships
          Expert in Technology                   treatment, building services).
                                                                                        Entrepreneur, retired Director of
  Young Brazilian dad, Jairo is aware of       Hélène brings her negotiation, sales       waste collection, specialist in
     his country natural resources             and marketing skills to RECNOREC.            logistics and operational
   devastation, and tries to involve in       She oriented herself for sustainability             management.
         preserving the Planet.                        and eco innovation                  Strong experience in waste
                                                                                         management and transports.

   https://www.linkedin.com/in/jairo-        https://www.linkedin.com/in/h%C3%A9
          bosquetti-74235a30/                     l%C3%A8ne-luciani-9030527/

       Ugoline and Oksana, RECNOEC co-founders, share same values and vision with all members of the team.

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                 March 2018 / Page 10/12
2) RECNOREC KEY PARTNERS

    NEO-ECO, engineering company, specialized in waste recovery engineering services.
     Christophe Deboffe and Ludovic Verbrugge, CEOs of Neo-Eco bring their expertise
                       in new materials from Circular economy and recycling process.
      They support RECNOREC regarding new material certification process and scaling
                                                                     up the process.

                                 Romero G. has precious empirical knowledge from its craft-scale process in Brazil.
                                 He helps RECNOREC testing and implementing the technology from Brazil to Europe.

            Patrick Bonnin, previous Marking Director at SAUR Company is
          specialised in Public markets and team management. Support for
                                    communication and marketing strategy.
                    https://www.linkedin.com/in/patrick-bonnin-9221464/

                                                 NOBATEK Research Center, Innovative Research Center, expert in
                                                 Building Energy Transition, is RECNOREC partner for material
                                                 characterization and standards assessment.
                                                 Natacha Kinadjian brings her Sustainable Construction skill to open
                                                 indoor applications.
                                                 http://www.nobatek.inef4.com/

        Cabinet FIGEAC: Valérie Hamayon, chartered accountant, and Ondine
        Segonds, Lawyer, bring Cabinet Figeac expertise to support RECNOREC
                                                               development.
            https://www.linkedin.com/in/val%C3%A9rie-hamayon-69830989/

      3) RECNOREC OTHER PARTNERS AND COMMITTED STAKEHOLDERS

-     SQY Cub and Incuballiance are the incubation host and partner for transforming RECNOREC concept in a profitable
      social business.
-     Local Government, CASQY = Communauté d’Agglomération de Saint-Quentin en Yvelines, (RECNOREC official
      registration) and Local City (Plaisir)
-     Patrick Dixneuf, CEO of AVIVA France, 1st funding support, Virginie Herrault and Anne Parent, RECNOREC sponsors
      from AVIVA.
-     Pierre Rouche, for industrial issues and plastic recycling concerns.
-     Laetitia Toussaint from Plaisir du Zéro déchet, “Zero waste in Plaisir city”, a non-profit association, the first partner
      to assess citizen acceptability and make first tests with household waste.
-     Dominique Bouillard, advisor for IPR Strategy, specialist in industrial property and patents.
-     Yves Darmon, CEO of KolTrading for EU funding programs.
-     Stéphane Coudan, IT specialist, for all IT issues and deployment.
-     Jan-Maël Soler, for software and mechanics issues.
-     Didier M, advisor for Data privacy

                            Thanks a lot to all our key contributors, we can’t list them all here!

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                     March 2018 / Page 11/12
PART 4 – 2min video

                                               https://youtu.be/oBYt-_4Xq6M

                      Thank you for reading and watching closely, please ask for any further detail.

                                                          RECNOREC

Ugoline Soler /+33 (0) 6 29 89 15 47 / ugoline.soler@recnorec.com                                March 2018 / Page 12/12
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