Biobased and Biodegradable Bioplastics: Mirel for Compost Bags and Film Applications

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Biobased and Biodegradable Bioplastics: Mirel for Compost Bags and Film Applications USCC January 27, 2009 George Kipouras, Business Development Manager

Telles Overview Joint venture between Metabolix and ADM Breakthrough biotechnology that is strongly patent protected covering resin, product formulation and process Global applications to be sourced from a new plant: 110 million pound (50,000 metric tons) designed capacity Commercial Grades: Injection Molding Cast Sheet Cast & Blown Film Thermoforming 2 2008 Telles Developmental Grades: Extrusion Coating Foam Non-woven, fibers Monofilament Blends and Alloys

Consumer Actions Are Changing Limited Natural Resources & Energy Security Climate Change Consumers Personal Commitment to Environment Waste Management & Pollution 3 2008 Telles

About Mirel Biobased made from corn sugar, a renewable agricultural resource. makes positive impact on global climate change, reduces petroleum usage and greenhouse gas emissions. Biodegradable 4 2008 Telles

About Mirel Biobased Biodegradable in a wide range of environments including soil, home and industrial compost systems, and in freshwater lakes, rivers, and marine water. 5 2008 Telles

What Is Mirel From Nature To Nature 6 2008 Telles

Metabolix Leader in Bioscience Metabolix has 16 years of innovation Globally patented product, process and applications Proven from lab to commercial viability Demonstrated at industrial scale Produces a family of versatile polymers Low to high modulus, durable, high temperature and moisture resistance Microbes reach >80% Mirel by weight 7 2008 Telles

ADM - Global Leader in Fermentation Agricultural processor for more than 100 years $70 billion revenue in 2008 Fortune 60 company Employs 27,000 employees Operates in 60 countries Largest corn processor in the world Out of single kernel of corn, 24 different food and feed ingredients and industrial products are made Producer of a significant portion of the global market s high fructose corn syrup Core strength: Ability to match right crop with the right processing / product to meet growing demand May 2008 8 2008 Telles

World-Class Resin Production Facility Design capacity: 50,000 tons per year Adjacent to ADM corn wet mill in Clinton, Iowa Integrated economics 2009 Start-up Q2 2009 Commercial product available for customers May 2008 Infrastructure and land sufficient for 4x expansion 9 2008 Telles

Key Markets Mirel is an engineered thermoplastic that is biodegradable in a wide range of environments including soil, home and industrial composts, fresh water and marine environments. Agriculture / Horticulture Compost Bags Marine / Aquatic Consumer Products Cosmetics Cards Other Business Equipment Packaging Agriculture film Silage Soil wraps Netting Stakes Consumer kitchen, yard and leaf bags Industrial bin liners Treatment Erosion Control Lipstick Tubes Compacts, jars and tubs Cards (gift, hotel, ID, etc.) Large format graphics Cell phone cases Writing pens Trays Cartridges Lab supplies Caps, Closures, Shrink wrap 10 2008 Telles

Roadmap to Certifications* Municipal / Industrial Composting Home Composting US ASTM D6400 specification NA European EN13432 specification Vincotte OK Compost Home Soil ASTM D5988-96 and ISO 17556 Testing Methods Marine Aquatic/fresh water ASTM D7081 specification ASTM D5209/ISO 14852 and ASTM D5271/ISO 14851 Testing Methods NA *Vincotte certifications are on Mirel resin. Certifications are underway from BPI and DinCertco. 11 2008 Telles

Industrial Compost Study Lipstick Tube Sample Municipal Composting, Chico State University California 2007 0 week 7 weeks 12 weeks 23 weeks Biodegrades in low or cold temperatures Biodegrades in home backyard compost and marine environments Distinctively different from majority of other bioplastics that typically require industrial composting systems 12 2008 Telles

Soil Biodegradability Study Open Field Pennsylvania State University (Horticulture) Prof. Michael D. Orzolek July 2007 Bare-Ground Control PE Mirel Naturally biodegradable polymers are suitable for film applications when soil biodegradation is required. April 2008 13 2008 Telles Soil Probe -12 in.

Marine Biodegradability Study Cosmetic Case Sample Whitney Laboratory, St. Augustine University Florida 2007 0 week 1 month 2 months 5 months Biodegrades in low or cold temperatures Biodegrades in home backyard compost and marine environments Distinctively different from majority of other bioplastics that typically require industrial composting systems 14 2008 Telles

Cold Compost Study Gift Card Stock, thickness, 28 mil Massachusetts Home Compost 2007 40 days 15 2008 Telles

Mirel Bioplastics Plastics Properties Biobased aliphatic polyester Semi-crystalline thermoplastic From film to rigid, properties vary from near LDPE to HDPE, PP, PS Withstands hot liquids, HDT >120 C (e.g. coffee, soup) Chemical resistance similar to PET Good barrier and grease resistance Good printability 16 2008 Telles

Mirel P5001 Cast and Blown Film Grade Suitable grades for cast and blown film applications Can be processed on conventional equipment and infrastructure Excellent melt strength good drawdown stability for blown film processing Heat sealable Excellent tensile properties suitable puncture toughness and tear resistance Contact clarity 17 2008 Telles

Mirel P5001 Cast and Blown Film Grade Dart Impact Elmendorf Tear (MD) Tensile Elongation Tensile Modulus Tensile Strength (g/mil) (g/mil) (%) (MPa) (MPa) ASTM D1709 ASTM D1922 ASTM D882 ASTM D882 ASTM D882 P5001 140 200 >400 300 30 LDPE 100 60 >350 200 20 LLDPE (C6) 150 350 >550 200 30 Paper 15 15 <10 550 16 18 2008 Telles

Thank You. Biobased, Sustainable, Biodegradable www.mirelplastics.com