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TRANSCRIPT
Private and Confidential
Globomass
Company Overview
2016
● Globomass is a renewable energy company responsible for the complete development processfrom project creation through to the long term operation of electricity and nutrient recoveryplants
● The Company produces electricity using proven Anaerobic Digestion (AD) biomass technology,alongside Nutrient Recovery (NR) technology
● Focused on developing biomass as an energy and nutrient source in the United States, Serbiaand South East Asia
● The company is currently developing a portfolio of projects in the US marketplace withMaryland as the first locationas part of a 750,000 ton rollout
● The current 6 MW project in Serbia will form part of a broader 20 MW roll out
● As a first step in the South East Asianmarket, Globomass will focus on AD projects in Malaysia
● Globomass was set up in 2011 to develop a biomass business converting agricultural and cropwaste into electricity and fertilizer with the aim to support developed and developingeconomies leaving a lasting positive financial and environmental legacy
● Globomass has a strong management team with a successful track record of developinginternational businesses and proven experience in the Renewable Energyand BiomassMarkets
● Management have investedover €6 millionof own funds indeveloping projects to date
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Globomass
The Company
Introduction
Private and Confidential
Introduction
The Market
The Projects
The Team
Conclusion
2
Organic waste
Energy AD
Fertilizer NRSoilAmendment
The Company generates revenue from 3 sources:
Introduction
The Market
The Projects
The Team
Conclusion
Private and Confidential
3
Globomass Sustainability Initiatives
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Min Net Water Use
Digestate can
Fertiliser
Classified Organic
CO2Neutral
GHG Methane Capture
Reduced Transmission Losses
Regional Infra-
structure
Sustainable Nutrient Balance
Sanitation Effect
Reduce Eliminate Sprays
The AD process andtechnology brings with itmany environmental benefits– some are upfront and clearto be seen, others are behindthe scenes, but verysignificant!
Did you know….Open loop cooling coal andnuclear power plants can useup to 250,000 litres ofwater/MWh.
AD/NR uses a net 20litres/MWh!
The Market
Private and Confidential
Overview of the Biomass market:
● As the advantages of using of AD and NR technologies become more apparent, the investment inbiomass technologies will increase, the US has targeted 11,000 plants over the next 3 yearsthrough the U.S. Governments “Biomass Roadmap” strategy
● In the U.S., Globomass chose to develop its initial facilities in the Delmarva* peninsula due toproximity to feedstock (sourced from the regions 1,700 poultry farmers with 4,840 chickenhouses), available workforce, an established transportation network with rail and road, as well asresearch collaborationwith the Universityof Maryland Eastern Shore.
● In Serbia, Globomass is focusing on the biomass sector derived from agricultural wastes and cropsfor electricity generation. The Balkan region is very well suited to the production of crops forenergy production due to climate, qualityof landand soil types with appropriate levels of rainfall
● Globomass has closen Malaysia as its first market is South East Asia due to extensive biomasssupply, vast open land parcels coupled with a regulatory and financial framework in favour of AD.Palm Oil Plantations are legally required to manage their waste and Malaysia’s Green TechnologyFinancing Scheme (GTFS) has anallocatedbudget of $550 Million to finance green energy projects
● The number of biogas plants in Europe exceeds 17,250 with an installed capacity of over 8,500MWe. Germany boasts over 10,000 of these plants alone. This technology is now been rolled outinto manyother countries worldwide
● Currently, bio-‐energy accounts for around 10% of the total global primary energy supply
● Bio-‐energy currently contributes only 3.7% of the total primary energy supply in the EU 27, whichcompares to 16% in Finlandand 20% in Sweden
● The Paris Agreement cements the market demand for the business model
*The Demarva peninsula encompasses most of Delaware and portions of Maryland and Virginia.5
Introduction
The Market
The Projects
The Team
Conclusion
The Market
Private and Confidential
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Anaerobic Digestion Nutrient RecoveryUtilities Industrial Farms
Food Processors Poultry units
All Animal Farms Local Government
Poultry units Agri-‐supply Industry
0.5 – 10 MW electrical 75,000 tonnes input
Target Markets for the Globomass Technologies
● In Serbi a, Globomass i s developing a single 6 MW plant as part of a broader 20 MW rollout utilizing
inputs from agricultural production/waste, with the el ectricity exported into the grid under a long
term PPA
● In the United States, Globomass is developing 75,000 ton plant s, each generating 5 MW of electrical
output to export and 20 ton/day of Nutri ent Recovery utilizing inputs from chicken farming, on the
Delmarva peninsula. Four sites are in an advanced position with another six targeted
● In Malaysia, the Globomass focus is on developing AD projects, primarily utilizing readily available
Palm Oil waste in order to export electricity into the grid under a long term PPA
The Market
Introduction
The Market
The Projects
The Team
Conclusion
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A View of the European Biogas Market
Introduction
The Market
The Projects
The Team
Conclusion
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Europe - A Growing Market
Introduction
The Market
The Projects
The Team
Conclusion
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A View of the U.S. Biogas Market
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The U.S. has over 2,000 sites producing biogas: 239 anaerobic digesters on farms,1,241 wastewater treatment plants using an anaerobic digester (860 currently use thebiogas they produce) and 636 landfill gas projects
Introduction
The Market
The Projects
The Team
Conclusion
The US has an official target and roadmap to install 11,000 biogas plants in the coming years
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The Investment History & Opportunity
Introduction
The Market
The Projects
The Team
Conclusion
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The world requires the annual spend on renewables to reach $1 Trillion to reach our climate control targets.
This is known as the ‘Clean Trillion’
We are currently on $329 Billion!
We have come a long way in a short time.
From $62 Billion in 2004 up to $329 Billion by 2015.
However this needs to increase by 300% in the years ahead to $1 Trillion.
This investment gap represent a significant investment opportunity in a growing sector.
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How Funds Will Divert In Future…
Introduction
The Market
The Projects
The Team
Conclusion
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• Technology is proven & has potential for efficiency gains
• Fantastic market growth potential world wide
• Permitting/planning/ licencing/grid connection is faster, easier, & more likely than other renewables due to the design of the plants
• Power consumed locally
• Constant power production & does not require any backup reserves
• Completely predictable as a power source
• Locally produced fertilizer
• Cheaper than offshore wind, coal, conventional gas turbine, solar PV & thermal to produce
• 20% more expensive than wind but offset by reliability & very significant fertilizer sales
Cost Reliability
GrowthEase ofPermitting
Advantages of Biomass v Solar & Wind
Introduction
The Market
The Projects
The Team
Conclusion
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U.S. Projects
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Overview of the U.S. Biomass market
● The U.S. has over 2,000 sites producing biogas: 239 anaerobic digesters on farms, 1,241 wastewatertreatment plants using an anaerobic digester (860 currently use the biogas they produce) and 636 landfill gasprojects*
● As the advantages of using Anaerobic Digestion and Nutrient Recovery technologies become more apparent,the investment in biomass technologies is increasing, the US has targeted11,000 plants over the next 3 years
● This compares to over 17,000 plants currently operational in Europe
● Nutrients currently lost in waste damages the environment and represents lost revenue to industry
Feedstock
● Abundance of available feedstock from Delmarva’s 4,840 poultry houses, on 1,700 farms, producing586,000,000 chickens every year.
● Hatchery waste andDAF waste has a tipping fee; poultry litter prices likely to fall due to regulations
● 10 hatcheries, 6 municipal solidwaste landfills, 2 composters within 50 miles
Location
● Delmarva peninsula: proximity to feedstock, workforce, established transportation network with rail and road,University of Maryland Eastern Shore
● No direct cleantech competitors east of the Rockies
● Both Biomass Anaerobic Digestion combined with Nutrient Recovery is market competitive withoutgovernment subsidies
The U.S. Opportunity
Introduction
The Market
The Projects
The Team
Conclusion
* American Biogas Council
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● Globomass’s U.S Subidiary, CleanBay Renewables uses Wet Anaerobic Digestion (AD) and Struvite
Nutrient Recovery technologies
● Heat generated by the electricity generation plant is used in the AD and Nutrient Recovery
processes
● The size of each project will be over 75,000 tons of waste per year costing $30.5million approx.
● CleanBay has choosen a US company to provide the AD technology, a local power generation
supplier for electricity production and a Canadian firm for the Nutrient Recovery technology
● All of the generation output will be exported, less a small plant load factor
● The granular organic fertilizer will be sold to the Agri-‐Horticultural industries
● The feedstock can be agricultural wastes, animal wastes, crop residues, food processing by-‐
products, or any such organicdegradable biomass material available on site or close to the site
● The projects have additional revenue streams possible in the future
Introduction
The Market
The Projects
The Team
Conclusion
Overview of Anaerobic Digestion & Nutrient Recovery Projects
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● Modular design for two separate “unit operations” – electricity, nutrient recovery
● Use off-‐the-‐shelf systems fromqualified suppliers with warranties (bid and proposal process)
● Unique relationships and regulatory environment
● Federal, state, and local governments
● Feedstock suppliers and poultry integrators
● Maryland and Delaware are “net metering” states; require power purchase if eligible to
supply to grid (PJM forMid-‐Atlantic)
● State regulations limiting use of poultry waste as a fertilizer (new as of 2014)
Barriers to entry for others
● Only 18 poultrywaste-‐based AD systems in U.S. currently none with Nutrient Recovery
● Digestate (residue following AD conversion) handling and disposal to gain local zoning approval
● Biomass AD extracts organics into separable products such that digestate does not cause
environmental issues
Minimal technology risk – all mitigated
Introduction
The Market
The Projects
The Team
Conclusion
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EPC Structure
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EPC Contractor -Rauch
•Civil•Mechanical•Electrical•Project WRAP•All site responsibilities•Subcontractors•Electrical Connections•Permits•Project Management•Schedule Delivery
TechnologySuppliers -EGE
• Digesters• Design & Configuration• Installation Supervision• Commissioning• Training• Struvite Recovery (NR)
CAT
• Engines• Transformers• Switchgear• Gas Cleaning• Training
Introduction
The Market
The Projects
The Team
Conclusion
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Serbia Projects
Overview of the Serbian Biomass market
● Serbia currently has 5 Biogas plants inoperation
● There are clear and ambitious renewable energy targets. Biogas has been allocateda target of 50 MW
● A robust FiT regimewith a clearly defined regulatory process in existence
● Twelve year PPAs are available from a state utility Elektroprivreda Srbije (EPS)
● Serbia has a target of 27% of energy from renewables by 2020, which currently sits at 16%, in excess of aEuropean Union target of 20%
● Serbia is an EU accession state
Feedstock
● Large blocks of highly productive land available combinedwith an advanced agriculture sector
● The majority of the required feedstock will be purpose grown on the purchased land, supplying over 80% ofthe energy requirements. Remainder from third parties in the locality
● Feedstock composition will include energy crops including Sorghum, Maize, Winter Rye, Wheat Straw aswell as Pig Slurry and Molasses sourced externally
Location
● Location of the first 6MW Plant is in Bela Crkva in Eastern Serbia on the Romanianborder
● Vojvodina, the local region is known as an intensive and productive agricultural province
● Feedstock will be grown on an owned, arable and contiguous 1,200 ha property
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The Serbian Opportunity
Introduction
The Market
The Projects
The Team
Conclusion
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Globomass Serbia – The Site
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Site Characteristics• Flat site• Gentle slope away from front to back – approx. 4m over a 350m distance• Soil is arable, free draining, mix of clay and sandy type• No rock close to surface• Deep soil profile• Ready to commence Geotechnical survey • Approx. 110 meters above sea level• Natural drainage into nearby canal system – 300 meters distance• Green field site, no obstructions
Introduction
The Market
The Projects
The Team
Conclusion
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Globomass Serbia – Feedstock
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The majority of the required feedstock will be purpose grown on the purchased land, supplying over 80% of the energy requirements. Remainder from third parties in the locality.
Breakdown of the total feedstock is…..Crop Format Tonnage % of Energy Source
Sorghum Whole Crop Silage 39,000 19.25% Own non-‐irrigated
Maize WC Silage 33,000 33.17% Own irrigated
Winter Rye WC Silage 32,750 28.1% Own irrigated
Wheat Straw Chopped Bales 8,300 11.86% Third party
Pig Slurry Liquid 31,300 3.25% Third party
Molasses Desugared 54% DM 2,000 3.46% Third party
AD Liquid Liquid 54,750 1% Own process
Introduction
The Market
The Projects
The Team
Conclusion
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Globomass Serbia – Overall Plant Layout
Site Highlights• 8 modules x 750 kW each• On-‐site storage of feedstock• Lagoon storage of digestate• Solids separation increases storage
and application options• Site is central to biomass
production area• Centralized storage and distribution
of liquid slurry & molasses• Weighbridge for data capture• Staff facilities• Individual and central monitoring
and control of each module• One export connection point
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Globomass Serbia - Operations
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Globomass will manage all ongoing operations within the project – both feedstock production and the biogas energy generation plant.
The previous owner/operator remains in place and provides the feedstock operations through a service contract agreement.Much of the existing equipment will be used to perform the required operations. Additional equipment is purchased as part of the project capex.
The biomass crops are grown, harvested and stored in the same manner as normal forage crops.
The digestate is returned to the soil as a fertilizer, reducing the chemical fertilizer requirements.
All crop operations are conducted in as sustainable a manner as possible, employing modern techniques and information technology systems to achieve a precision agriculture approach.
Introduction
The Market
The Projects
The Team
Conclusion
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EPC Structure
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ELNOS
•Civil•Mechanical•Electrical•Project WRAP•All site responsibilities•Subcontractors•Electrical Connections•Commissioning & Start up
WeltecBiopower
•Digesters•Engines•Design & Configuration•Installation Supervision•Commissioning•Training
IEE•Permits•Schedule Delivery•Project Management
Introduction
The Market
The Projects
The Team
Conclusion
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Malaysia
Opportunity
Overview of the Malaysian Biomass market:
● The government of Malaysia has announced its plan to incorporate energy efficiency and renewable energyin addition to the country’s existing four fuel diversificationpolicy
● Renewable energy is endorsed to be the fifth fuel by the Malaysian government. Efforts are geared towardsthe promotion and development of renewable energy solutions
● The country has vast potential to exploit the ample natural resources that include timber waste, palm oilwaste, rice husk; coconut trunk fibre,municipal waste and sugar cane waste
● Generally palm oil mills treat the effluent discharged from plants manufacturing palm oil, an importantexport for Malaysia and Indonesia, into open lagoons. The diffusion into the atmosphere of global warminggas and water qualitypollution has become a significant problem
● The palm oil industry has come under strong pressure to adhere to water quality regulations for palm oileffluent, leading palmmills to take strong meaningful measures tomanage the environmental damage
● With the annual haze problem within South East-‐Asia, The Palm industry is facing enormous regionalGovernment pressures to cut their traditional slash and burn process with the plantations
Opportunity
● The Malaysian Government have incorporated debt funding programmes for solution providers who candeliver technology to deliver meaningful impact to the Palm Oil Industry and to supplement the productionof power into the national supply grid
● The Government Green fund (https://www.gtfs.my/) has a budget of US$550 Million, with a remainingbalance of GT Value for Financing:US$250 Million
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The Malaysia Opportunity
Introduction
The Market
The Projects
The Team
Conclusion
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Regulated Sustainable energy industry:
● The Malaysian sustainable energy power regulator SEDA (http://seda.gov.my/) assess new potentialsustainable energy solutions to diversify and complement the existing portfolio of existing sustainableenergy solutions
● SEDA are also responsible to implement the laws related to sustainable energy
● The Malaysian Palm Oil Board (http://www.mpob.gov.my/) provide impetus for the development of a highlydiversified, value-‐added, globally competitive and sustainable oil palm industry
Globomass developing theopportunity :
● The availability of specific debt financing within a regulated and managed environment presents substantialopportunity for Globomass to deliver a proven business model into the organic waste sector and to providemuch needed supplementarypower into the national grid
● Globomass is already working closely with both the Government boards and plantation owners to sourcethe most dynamic opportunity is both sourced and delivered
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The Malaysia Opportunity
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Introduction
The Market
The Projects
The Team
Conclusion
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Project Risks and Mitigants
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Regulatory RiskThe possibility that tariff will be changed arbitrarily is mitigated by:• A robust and stable PPA structures • PPA’s with state backed and/or investment grade
utilities• Well defined regulatory process steps• Established incentive programs and investment
protection measures
Feedstock RiskThe possibility of disruption to the steady supply of feedstock is mitigated by:• Acquisition of land for feedstock production and/or secure
feedstock contracts• The ability to source from third party suppliers • Variation of crops and techniques can be utilized • Various sowing, growing and harvesting periods and dates
spread the risk of crop yield performance• High quality farmland with irrigation for Serbian project.
Execution RiskThe possibility of delay or in the developer ’s plans is mitigated by:• Off the shelf technology in use on over 17,250 plants in
Europe alone• Experienced developer with a track record in project
development and biomass technology • Simple modular process of installing ready-‐made plants
and connecting them to the grid • Support by top-‐notch EPC contractors and law firms • Intimate knowledge with regard to navigating grid
connection processes .
Permitting RiskThe possibility that the project does not attain all necessary permits is mitigated by:•Relatively rapid permitting period, driven by Project scale and technology •Receipt of critical permits ahead of funding, expected as condition precedent to debt drawdown•Clearly defined and understood process, with the majority of permits granted at a local municipality level
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Project Risks and Mitigants
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Technology RiskThe possibility that technology or equipment will be difficult to install and/or cause delays is mitigated by:•Off-‐the-‐shelf technology •Standard and easy to maintain biogas engines are the central component driving the technology •Proven concept •Reputable technology suppliers•Plant Components are commonly in use across many industries
Payment RiskThe possibility of the offtaker not paying regularly, breaching the contractually stipulated timeline or interference in the collection efforts is mitigated by:•Mechanisms guaranteeing the Company payment from the offtaker•Government backed or investment grade utility as offtaker •Harmonization of international regulations and standards
Operating RiskThe possibility of plant and process operations being interrupted at any point in the value chain is mitigated by:•Proven management team with a track record of managing operating engineers and staff •Simple operating processes to be conducted by in-‐house engineers and operators•Use of standardized monitoring equipment •Best management practices and techniques from other industries can be deployed to the operation of an AD and NR plant
Timing RiskThe possibility of being delayed outside the current tariff window is mitigated by:•Experienced contractors•Modular and mobile AD power generation units •Off the shelf technology •Very high level of pre-‐prepared components results on low levels of on-‐site construction delays
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● The use of AD and NR technology combined is a real economic opportunity
● Investment in the sector has shown straight line growth over the past 15 years and continues on this trajectory. This investment is underpinned by global initiatives such as COP21 and the Paris Agreement
● The biomass market is positioned to grow rapidly in the US and Serbia
● Demand for efficient management of organic waste from intensive agriculture is growing
● Globomass and its subsidiaries manages this waste in a profitable manner
● Technology is proven, efficient, reliable and cost effective
● The Company has developed a considerable pipeline of projects with advanced projects in the permitting process
● The management team has a proven track record of delivery and has significantly invested in this venture
● The Globomass integrated approach ensures that development, technology, security of supply, operations, project finance and financial performances are all within the control of the company itself
● Reoccurring sales driven by a demand for the products and a need to use the waste materials support the growth story
Conclusion
Introduction
The Market
The Projects
The Team
Conclusion
Private and Confidential
The Team
Management Team
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The Company’s management team has considerable experience from large corporate through
to developing small and medium sized businesses, as well as in the renewable energy sector.
The Management team comprises:
● Donal Buckley CEO & Chairman
● Alan Gilbert COO &Director of Finance
● Shawn Freitas Chief Technology Officer
● Bryan A. Train President CleanBay Renewables LLC & ChiefInternational Business Development
● Thomas Spangler Chairman – CleanBay Renewables USA
● Jason Levine CEO – CleanBay Biofuels
● Ana Z. Karic Chief of Eastern Europe Development
● Carlo Merlo Babini Chief of Profit Improvement Programmes
● Dean Roberts Chief of Asia Development
● Scott Young Special Adviser to the Board
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Introduction
The Market
The Projects
Financials
The Team
Conclusion
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Registered Office:
Project Finance Advisors Taylor-‐DeJongh, 1101 17th Street, NW, 1220 Washington DC, USA
Attorneys in the UK Bracher Rawlins LLP, 77 Kingsway, London, WC2B 6SR, UK
Attorneys in Serbia Schoenherr Serbia, 15 Dobracina, 11000 Belgrade, Serbia
Tax Advisers Crowe Clark Whitehill LLP, 10 Salisbury Square, London EC4Y 8EH, UK
Corporate Services HLB T&M Consulting, 19 Mlatisumina, Belgrade-‐Vracar, Serbia
Bankers (Ireland) Bank Of Ireland Plc, Main Street Skibbereen, Cork, Ireland
Bankers (Serbia) Erste Bank, Bulevar Milutina Milankovica 11b, 11020 Novi Beograd, Serbia
Bankers (UK) Clydesdale Bank PLC, 35 Regent Street, London SW1Y 4ND, UK
Bankers (USA) Citibank, 1225 Connecticut Ave NW, Washington DC, USA
Bankers (Asia) OCBC, 63 Chulia Street, #11-‐01, OCBC Centre East S, Singapore
Operations Company Globomass Limited, Fahouragh, Castletownshend, Co Cork, Ireland
Serbia Project Company Biomass ADS, Mlatisumina Street No.19, Belgrade, Serbia
USA Project Company CleanBay Renewables, Somerset Avenue, Princess Anne, MD 21853 USA
Asian Project Company Globomass PTE LTD, 47 Hill Street, Singapore, 077903
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Introduction
The Market
The Projects
Financials
The Team
Conclusion
Registered Office & Advisors
Key Team Member Biographies
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Donal BuckleyFounder and CEO
Mr Buckley is a CEO with experience in all areas of project development in the clean-‐tech biomass sector; hehas 12 years experience of biomass in countries worldwide including the U.K. Ireland, USA, Brazil, Ghana,Latvia, Bulgaria and Serbia. Donal was the founder and CEO of Kedco plc for 6 years where he developed thecompany into a successful leading project development company in the biomass, anaerobic digestion andgasification fields. He listed this company on the AIM market on the LSE in 2008 and guided it to signing verysignificant JV contracts with project values of over £80 million, with 4 times this amount of new projects in thepipeline when he sold his stock to set up Globomass. Donal also set up an agricultural financial advisorybusiness in 2001 which later became part of the larger SWS group in 2003. SWS was an Irish companyspecialising inbiomass, wind energy and business services (sold for €600 million in 2010).
Donal has spoken to many worldwide audiences on the potential of biomass as a sustainable future energysource, in locations such as the London Stock Exchange, New York Clean-‐tech events and for London basedpublic relations companies. In 2009 he was one of 27 CEO’s chosen by the Irish government to complete anexecutive education program in Stanford University, due to his ability to build global companies. Donal is a lifemember of Stanford alumina.
Private and Confidential
Mr. Gilbert has over 10 years’ experience in the renewable energy sector, particularly in the area of biomass.From 2006 to 2011, he worked with an AIM listed plc company that specialized in the biomass sector,developing projects to generate electricity and heat. Of particular note was a Latvian biomass business whichhe restructured, increased turnover 5 fold, transforming it into a profit making business, while also developingan energy project ready to finance. While there he also established an anaerobic digestion division. He wasdirectly involved in and responsible for a number of AD projects, bringing them through the sales process, intoplanning, permitting, establishing feedstock supplies and prepared for financing. Mr. Gilbert is very skilled inhuman resources, management structure, lines of reporting and communication, traceability andaccountability within a company. He also spent over 9 years in the food industry, working with the global foodgiant Kerry Group plc (turn over €5.8bn 2014).
Alan is responsible for the mechanics of project development, planning and execution of the project buildouts, feedstock operations, any third party raw biomass supplies and ultimately the daily operations of plants.
Alan GilbertFounder and COO
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Mr. Train has extensive international experience within project finance, capital markets and industry. Prior tojoining the Globomass team, he acted as an advisor on project finance and funding options to the companyfor both developed and emerging markets. He was a Managing Director of the Worsham Group, a familyoffice focused on private investments in real estate. He was a co-‐founder and director of Asha ZuriParticipacoes, which funded the development of 3,500 low income units in South Eastern Brazil. Mr. Train hasalso held executive positions at Coloplast, a maker of healthcare products, and the International BusinessGroup at GMAC’s Rescap mortgage lending platform. He began his career in the accounting department ofDuPont’s subsidiary in Spain.
Bryan is directly responsible for the development of emerging markets and projects that will be key to theGlobomass growth strategy in territories such as USA and the broader EasternEuropean countries.
Bryan A. TrainChief – International Business Development
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Key Team Member Biographies
Mr. Freitas has professional experience with a variety of organizations related to petroleum andrenewable fuel/chemical production. In his most recent role he worked at TRI, owner of the largestFischer Tropsch biorefinery in North America and currently building the world’s first municipal solidwaste (MSW) to jet fuels plant. He has a doctorate focused on biomass chemistry and considerableexperience with both lab and commercial scale biomass & waste conversion technologies as well asthe associated methods & instrumentation required for their analysis. He is responsible for thedevelopment of a wide and growing selection of bioenergy & biofuels educational materials meant toimprove communication between the various stakeholders involved in these projects. Shawn also hasa background in project management and has demonstrated leadership and innovation in this field,expanding and improving earned value management methodologies for engineering & science andimplementing them on major EPC projects.
Shaun FreitasChief Technology
Officer
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Mr. Spangler is a former senior Department of Defense official and electrical engineer. Tom is anentrepreneur, startup investor, and advisor to multiple defense, aerospace, and investment concerns. He isthe author of the article “A Pentagon Energy Plan” and was the founder of CleanBay Renewables prior to theGlobomass Investment. He is well versed in U.S. State and Federal Government Programs related to theRenewables Sector and continues to drive the firms expansion in the U.S. Market. Tom is also a principal ofOsprey View, a Game monitoring / land management geographical information service using multiple classesof unmanned aerial systems (UAS). He is also a principal of Spangler Strategic Advisors, a communitydevelopment venture capital fund that invests (debt and equity) and provides technical assistance to early-‐and mid-‐stage small businesses expecting triple-‐bottom-‐line returns (increased employment, positiveenvironmental impacts, and moderate return on investment). Tom holds a degree in Electrical Engineeringfrom John Hopkins University in Baltimore,Maryland.
Mr. Levine is a growth stage veteran with operating experience includes roles of Chief Financial Officer, General Counsel, and senior corporate development executive. Jason also has extensive venture capital and investment banking experience having managed Boston University’s Community Technology Fund venture capital portfolio, Friedman, Billings, Ramsey’s merchant banking portfolio, and having structured over a billion dollars of structured finance transactions while at Tucker Anthony and Merrill Lynch. Jason holds a BA in Psychology from Wesleyan University, an MBA from the University of Virginia – Darden Graduate School of Business Administration and a JD (Law) from the University of Virginia School Law School.
Thomas SpanglerChairman CleanBay
Renewables, USA
Jason LevineCEO
CleanBay Biofuels, USA
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Key Team Member Biographies
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Prior to joining Globomass,Mrs. Karić was Managing Director of B&S Export-‐Import based in Vienna buyingand selling various goods and services. Ana also worked as a Project Manager for Arthur D. Little in Belgradewhere she played a key role in performing due diligence and developing the international tender process forMobtel. Before this she was a Manager for strategy and planning at Mobtel, where she participated innegotiations and binding contracts between Mobtel and other telecommunications providers such asEricsson, Siemens and the two biggest Chinese telecommunications companies, Huawei and ZTE. Ana studiedat the European Business School London where she earned a BA honors degree in International Business withGerman and Italian, as well as an MA degree in Entrepreneurial Management. She speaks Serbian, English,German, Italian and basic Russian and was added to the “Who’s Who of Britain’s Youngest Directors” in 2009.
Ana is directly responsible for developing AD projects in greater EasternEurope, primarily Serbia.Ana Z Karić
Chief of Eastern Europe Development
Mr. Babini’s corporate background started with DuPont de Nemours in Switzerland where he worked as ananalyst. He went on to join the Bacardi Martini company where he worked in management reporting.Afterwards he joined ALCOA (Aluminum Company Of America) acting as a plant controller and then to IATA(International Air Transport Association) where he worked in the PMO and as program manager. Hisstrengths include business development, process improvement and project management. He also hassignificant experience in management practices for large multi-‐nationals having implemented and managedsuch processes. Carlo is a graduate in International Business and Management from the European BusinessSchool in London.
Carlo’s focus is on driving continuous process and profit improvements within the organization and withinprojects. He is also researching innovative sustainability measures which can be applied to AD projects whenoperational.
Carlo BabiniChief Development
Officer
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Key Team Member Biographies
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Prior to joining Globomass,Mr. Roberts was Director within a Pan Asian Business Consultancy wherehe played a key role in performing due diligence, strategic analysis, operating model processimprovements, financial modeling, sourcing, executing and managing Capital markets mandates. Hehas operated actively within both project management and project finance appointments as well aswithin physical biomass markets. Dean holds an MBA within “Investment and Finance” and is also acertified PRINCE2 “ Projects in controlled environments “ specialist.
Dean is also directly responsible for developing and managing the rollout of the Globomass businessmodel into the Asia Pacific region.
Dean RobertsChief of Asia Development
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Key Team Member Biographies
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Mr. Young is an experienced investment banker with extensive cross-‐border transaction experience in Europe,North America, the Middle East and Asia. He is founder and Managing Director of Gemini Capital in London.Gemini Capital is involved in providing strategic and commercial advice to a wide range of entities, includingprivate businesses, multinational companies, family offices, private equity groups and sovereign wealth funds.He was previously with Morgan Stanley & Company in New York in the International Capital Markets group.Earlier positions include corporate finance, fixed income and equity sales and syndication with LF Rothschild inNew York and the US offices of the OECD in New York. Scott was also a Partner of Dial Partners in London, acorporate finance advisory firm assisting companies in mergers and acquisitions, capital raisings and otherstrategic initiatives.
Scott is particularly involved in the following areas: Pioneering health care technologies (stem cell treatmentfor diabetes), Alternative energy, renewables and energy efficiency, Agriculture (biofuels, tree farming,irrigation technologies) and Infrastructure (power generation and transport). Scott received his Doctorate inLaw and MBA degrees with distinction at the University of North Carolina at Chapel Hill and speaks fluentFrench and Portuguese.
Scott YoungAdvisor to the
Board
Special Advisors to the Board
Private and Confidential
CONTACT DETAILS FOR THE TEAM
Donal Buckley (CEO & Chairman) ( +353 879 050 218 * [email protected] Alan Gilbert (COO) ( +353 86 38 22 186 * [email protected] A. Train (USA) ( +44 78 807 51 818 * [email protected] Roberts (C ABD) ( +65 6631 8978 * [email protected] Spangler (USA) ( +1 202 297 3364 * [email protected] Levine (USA) ( +1 301 254 8501 * [email protected]