Resource and Energy Recovery Facility

A technological breakthrough that redefines the waste-to-

energy categoryJune 26, 2009

Visiam

Vision: Visiam creates cleaner, greener communities through superior processing and utilization of waste.

 Mission:

Visiam will develop and deploy straightforward, financially viable technologies that process MSW, biomass and other organic wastes in a manner that:

– maximizes recovery of recyclable material, – utilizes available energy content, and – supports sustainable communities by substantially

reducing environmental impacts

Visiam Pre-Process

The Visiam Solution

Flare

Gas Storage

Desulfurization

Digester 2

Digester 1

Buffer Tank

Decanter

Compost Storage

Pump & Heat Exchanger Room

Mixing Tank

Overhead Crane

Bailer Compactor

Power Generation

Oil Heaters

Compression & Water Tanks

MRF

Tipping Floor

Vessel Feed Conveyors

Thermal Vessels

Trommel Screen

Flare

Gas Storage

Desulfurization

Digester 2

Digester 1

Buffer Tank

Decanter

Compost Storage

Pump & Heat Exchanger Room

Mixing Tank

Overhead Crane

Bailer Compactor

Power Generation

Oil Heaters

Compression & Water Tanks

MRF

Tipping Floor

Vessel Feed Conveyors

Thermal Vessels

Trommel Screen

Clean, Separated, Recyclables

Organics

Scalability of Visiam

• The three basic configurations are:

Vessels Size Processing Capability per Year

1 8’ x 15’ 30,000 tons of MSW

2 8’ x 15’ 60,000 tons of MSW

2 8’ x 24’ 90,000 tons of MSW

Visiam Target MarketsTarget Market

Municipalities and Local Communities

• Replacing and/or supplementing existing landfill operations• Redeveloping transfer stations into Resource and Energy Recovery

Facilities• Keeping MSW within the community via the creation of a new revenue

stream or through cost abatement

Independent Waste Haulers

• Controlling key expenses (tipping fees and/or transportation costs)• Enabling increased market penetration and customer access• Maintaining control by reducing dependency on competitor-owned landfills

Landfill Owners

• Extending the useful life of existing landfills• Further developing the recycling revenue stream• Providing improved public relations with municipality and state

administrations and local environmental bodies

Federal and State Installations and Ports

• Allowing for the satisfaction of federal and state renewable energy mandates

• Creating environmentally-conscious cost abatement• Developing energy security and independence through potential for an on-

site mini-grid

Private Waste Generating Facilities

• Controlling key expenses (waste disposal fees and/or transportation costs)• Providing improved public relations with customers and local environmental

bodies Enabling the reduction of waste and the recapture of methane gas• Reducing the amount of direct incineration

Benefits

• Flexibility in inputs• Maximized volume reduction• Efficient separation of MSW into usable

components• Minimal post processing of recyclables• Maximized commodities recycling• Closed-loop feed water system• Generation of clean WTE, without

incineration• Improved quality of organic biomass• Cleaner end product

Partnerships and Studies

Financial Feasibility of Visiam Solution Projects

(Private Ownership)

Vessels

1 x 8’ x 15’

2 x 8’ x 15’

2 x 8’ x 24’

Tons /Year 30,000 60,000 90,000Electric Generation (MW) 1.0 2.0 3.0

Capital Expenditures (Millions)Visiam Solution System $8-9 $13-14 $20-21Other Plant Costs / Contingency 5-6 $7-8 $12-13Total Capital/Up Front Costs $13-15 $20-22 $32-34

Avg. Annual Debt Service Cov. 2.4 3.5 3.5

Does not include any benefits from current and proposed Federal stimulus or renewable energy incentives

Base Case Assumptions

Tipping Fees $65/Ton Electricity Sales $65

/MWh

Project Horizon 20 YearsDebt Financing 60%Interest Rate 8%Closing Costs 2%Repayment 12 Years

Recycling Revenues – average commodity prices over the last 5 years

Vessels

1 x 8’ x 15’

2 x 8’ x 15’

2 x 8’ x 24’

Tons /Year 30,000 60,000 90,000Electric Generation (MW) 1.0 2.0 3.0

Capital Expenditures (Millions)Visiam Solution System $8-9 $13-14 $20-21Other Plant Costs / Contingency 5-6 $7-8 $12-13Total Capital/Up Front Costs $13-15 $20-22 $32-34

Costs /Ton if Municipal Owner $50 $22 $21 (Net of Recycling/Energy Revenues)

Avg. Annual Debt Service Cov. 1.2 1.2 1.2

Does not include any benefits from current and proposed Federal stimulus or renewable energy incentives

Base Case Assumptions

Electricity Sales $65 /MWh

Project Horizon 20 YearsDebt Financing 100%Interest Rate 6%Closing Costs 2%Repayment 12 Years

Recycling Revenues – average commodity prices over the last 5 years

Financial Feasibility of Visiam Solution Projects (Municipal Ownership)

Visiam Facility• 28,000 ton per year Commercial Demonstration Facility

in MN, integrating vessels, trommel and MERF, digestion and generation

• A 10-year Waste Delivery contract signed with an independent hauler

• Currently negotiating a site outside of the Twin Cities Metro area

• Operational 6 months after completion of permitting

Come Visit / Contact

• R&D Facility – Blaine, MN • “Mini-Me” with Trommel

Scott HughesCOO

shughes@thinkvisiam.com612.455.0900 x 101