Climate Change Data

Environmental Metrics

ESG Focus Areas

• Circularity
• Health, Safety, and Environment (HSE)
• Social Responsibility and Innovation

Environmental Achievements

• Successfully completed the construction of Pryme One, our first industrial-scale facility, in the port of Rotterdam.
• First oil production in January 2024
• First complete process cycle in February 2024
• Initiated batches of continuous production in April 2024

Social Achievements

• Health and safety standards consistently improved throughout the year.
• One incident involving an operator at an offsite event in the third quarter. The employee quickly recovered.
• Organization’s build-up reached 41.6 full-time equivalents (FTEs), successfully transitioning from a project-based setup to a production-oriented company.
• Established an internal HR department to implement HR related standards and initiatives and support the efforts to improve the gender mix.

Governance Achievements

• The 2023 financial statements were prepared by the Management Board and reviewed and discussed by the Supervisory Board at a meeting attended by the external auditor, Mazars.
• The Audit Committee discussed the financial statements and audit findings in detail with the external auditor in its meeting of March 15, 2024.
• The Supervisory Board adopted the financial statements in a Supervisory Board meeting on May 3, 2024.

Climate Goals & Targets

Environmental Challenges

• Ongoing supply chain disruptions and labor shortages
• Specific technological hurdles like the unforeseen need of externalizing over a thousand heating ring connectors from our reactor
• Issues related to the design of the plant leading to time-consuming re-piping of certain sections of the plant.
• Issues relating to the performance of third-party components installed in the plant.
• Global challenges resulted in increased lead times for certain, mostly electronics-based components.

Mitigation Strategies

• Successful collaborations with technology partners
• Efficiently tested extruders converting plastic waste into melted plastic waste, secured all safety and operational standards for the condensation unit and 26-meter ground flare and seeded the quench column with a middle distillate starter fluid, required to condensate first oil production.
• Tackled multiple challenges, including reactor insulation and melt pipe pressure re-design changes, thanks to successful collaborations with our technology partners.
• Successfully completed the construction of Pryme One despite challenges.

Supply Chain Management

Responsible Procurement

• Partnered with existing waste processors to secure an adequate, ready-to-use feedstock.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS Accounting Standards-EU, CSRD/ESRS, Sustainable Development Goals (SDGs)

Third-party Assurance: Mazars

Sustainable Products & Innovation

• Pyrolysis oil

Environmental Metrics

ESG Focus Areas

• Health and safety
• Environmental protection
• Cybersecurity

Environmental Achievements

• Received ISCC PLUS certification as a collection point and processing unit.

Social Achievements

• No safety incidents reported in Q3 2024.
• Cyber security risks assessed and documented. Cybersecurity awareness training scheduled for Q4.

Governance Achievements

• Close oversight of the company by the chairman of the supervisory board during CEO transition.

Climate Goals & Targets

Environmental Challenges

• Slower than anticipated production ramp-up at Pryme One due to process layout and oil yield levels, resulting in lower plant availability and capacity than previously assumed.
• Fluctuating production output impeding mass balance calculations and Life Cycle Analysis update.
• Limited storage capacity for pyrolysis oil requiring temporary rental of additional tank storage.

Mitigation Strategies

• Established an expert group to accelerate production ramp-up by identifying areas for improvement and implementing changes.
• Postponed Life Cycle Analysis update until stable production conditions are established.
• Temporarily renting additional tank storage capacity for pyrolysis oil.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISCC PLUS

Certifications: ISCC PLUS (processing unit and collection point)

Environmental Metrics

ESG Focus Areas

• Circular economy
• Waste reduction
• Emissions reduction

Environmental Achievements

• Successfully tested both extruders from waste to melt at Pryme One.
• Reactor reached targeted 600°c and 30 rpm.

Social Achievements

• One safety incident during an off-site activity; operator fully recovered.
• 35 FTE headcount; installation manned 24/7 since early October 2023.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Corrective actions needed for Pryme One commissioning (estimated 4-6 weeks).
• Pipe pressure upgrading and re-certification required for extruder units.
• 500 heating rings/wiring connectors need adjustment on the reactor.

Mitigation Strategies

• Streamlined experienced technical team troubleshooting issues.
• Corrective actions underway to address issues with extruders and reactor.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Integrating into existing waste management supply chains.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Liquefied plastic waste (LPW)

Awards & Recognition

• Not disclosed