Plasterboard waste IN: 100 % recycled gypsum and paper OUT

1. Plasterboard waste IN:100% recycled gypsum and paper OUT Henrik Lund Nielsen, MBA, CEO Gypsum Recycling International

2. Cows??????

3. Cows and the approach to the utilization of resources • SOCIALIST APPROACHYou have 2 cows ------ You give one to your neighbor. • COMMUNIST APPROACHYou have 2 cows ----- The State takes both and gives you some milk. • BUREAUCRATIC APPROACHYou have 2 cows ------ The State takes both, shoots one, milks the other, and then throws the milk away... • AMERICAN APPROACHYou have two cows ------- You sell one, and force the other to produce the milk of four cows.Later, you hire a consultant to analyze why the cow has dropped dead. • FRENCH APPROACHYou have two cows ------ You go on strike, organize a riot, and block the roads, because you want three cows. • GERMAN APPROACHYou have two cows ------ You re-engineer them so they eat once a month, and milk themselves. • ITALIAN APPROACH ------ You have two cows, but you don't know where they are.You decide to have lunch. • AUSTRALIAN ----- You have two cows. Business seems pretty good.You close the office and go for a few beers to celebrate. • GRI APPROACH ----- You have two cows. You clean them up to make them attractive to each other.They produce multiple baby cows that you can milk for many years.

4. Agenda Plasterboard waste IN: 100% recycled gypsum and paper OUT • 1. Summary • 2. Introduction – about GRI • 3. Background: EU drives recycling: • Landfill directive/Council Decision • Waste Framework Directive • 4. Gypsum Paper Recycling Solution • 100% recycling now possible • Our new technology and its characteristics • End markets • 5. Closing remarks

5. Summary • Traditionally, in the gypsum recycling process, the focus is on gypsum powder from gypsum waste for new plasterboards. • EU waste legislation will drive recycling, assuring that the vast majority of waste in Europe by 2020 will be recycled not landfilled. -> All resources found in the waste should be fully utilized • Gypsum Recycling International has now developed a new technology to ensure not only the full utilization of the gypsum powder but, additionally also of the paper - a side stream in the gypsum recycling process. • Our new technology cleans the paper to be then given back to the paper industry for 100% recycling

6. About Gypsum Recycling International A/S: Summary • Worldwide the leading recycler of gypsum/plasterboard waste • The preferred partner for recycled gypsum raw materials for the top 5 plasterboard manufacturers in the world • Driven by new innovative solutions • Mobile gypsum recycling system • Own specialized collection system for gypsum waste • Active in 9 countries on 3 continents, including the US and Japan • Recycling units in Europe, North America and Asia • Only focused on gypsum/plasterboard waste • Winner of numerous environmental awards, a.o. the prestigious Cleantech Award; given to “The most promising Danish Cleantech Company”

7. Gypsum Recycling System 90% 10%

8. In cooperation with the best GRI serves all the top plasterboard groups in the world. Multiple different plants are under contract with GRI for the supply of recycled plaster-board waste. Knauf Gyproc/ BPB Siniat/ Lafarge US Gypsum National Gypsum

9. EU drives (paper) recycling • EU legislationisverymuchfocused on fullyutilizingtheresourcesfound in waste • Mandatoryrecycling rate: 70% of C&D waste must berecycledby 2020 • The priorityoftheWasteHierarchy must befollowedfromDec 2010 • Priority: 1) Re-use 2) Recycle 3) Recovery 4) Disposal • Priority must be followed, unless documentation for environmentally better solution if lower prioritised treatment is chosen • Possibleban on landfillingofrecycablewaste after 2020 • More gypsumwastetoberecycled • More paperfromgypsumrecycling will begenerated • Need forfinding a solutionforthepapernow

10. EU drives (paper) recycling • Previoususeofthepaper • Landfilling • Incineration • Stables/barn material • Composting • etc. • Paper not usedas a paper • The resourcesfound in thepaperare not fullyutilized

11. New Gypsum Paper Recycling Solution • 100% recycling of gypsum plasterboard waste now possible • Our new technology and its characteristics • End markets

12. New Gypsum Paper Recycling Solution • Completely in linewiththeEU‘sambitions • Co-fundedbythe Eco-innovation Initiative ofthe European Union • Investment ofmorethan 2,2 Mio € splitbetween EU and GRI

13. Previously and Now Previously Now End result 95% RC gypsum powder 5% RC paper

14. New Gypsum Paper Recycling System

15. Characteristics • 100% GRI innovation • Patent-pending • Applying various treatment steps to separate the gypsum from the paper with special attention to contaminants (wood, plastic, insulation, etc) and the gypsum glued on to the paper

16. Characteristics • Mobile (on onetrailer; unitcanbemovedfromonegypsumrecyclingwarehousetothenext) • Owngenerator • 2 ton/hrcapacity • Dimensions (trailermounted): 2,55w x 13,5l x 4h meters • Impurityremovalefficiency: 98% • Input: gypsumpaperfromrecyclingandgypsumwaste • Endproduct: cleanedrecycledpaper

17. End markets • Similar markets to any other recycled paper • Numerous applications now possible • Special focus on: • Plasterboard linen • Replacement in recycled cardboard

18. For Sale! • Technology isapplicableto • Paper fromrecyclingofexternalplasterboardwaste • Paper fromrecyclingofinternalplasterboard plant productionwaste • Paper Recycling Technology Offer • Completemachine (self-contained, fully operational, mobile unit): 1,2 mio € (Lowerinvestmentcostsforstaticversion) • Processing service: • Per ton fee • Different pricingmodels, depending on theconditionslocally • Paper belongstoownerthat will sellit: 70€/ ton • GRI getsthepaperandsellsit: 50% ofthe normal costsofdisposalofpaperforthewasteowner

19. Closing Remarks

20. Plasterboard waste in:100% recycled gypsum and paper out Henrik Lund Nielsen, MBA, CEO Gypsum Recycling International