vann er oljen i det 21 århundre @ first tuesday bergen

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COPYRIGHT & DISCLAIMER

Sigmund LarsenEntrepreneur & Founder

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ENVIRONOR ASMJAATVEITFLATEN 17NO-5918 FREKHAUG

Phone : +47 416 83 747Mail : [email protected] : sigmundlarsen


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www.environor.com

“Water the Oil of the 21st Century”

Aqua Recovery Solutions

January 2015

AQUA RECOVERY BY ENVIRONOR

mailto:[email protected]


http://www.environor.com

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COPYRIGHT & DISCLAIMER2




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Sigmund LarsenEntrepreneur & Founderwww.environor.com

EnviroNor AS. All rights reserved. Thiswork or parts thereof may not bereproduced or transmitted in any formor by any means, including copying orrecording, without the prior writtenconsent of EnviroNor AS.

DISCLAIMER




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Particulars

Entrepreneur & Consultant

Born 1959

Live at Frekhaug, 27 Km outside

Bergen

Married, 3 children

+ 2 grand children

Hobbies:

Golf, Skiing, HD (Fat Boy), Local

politician, Member of executive

committee of local council.

Education: Master of Management w/main

subjects; strategies, international business management, marketing and economics

Bachelor in Project management

Maritime Engineer (Chief Engineer)

Experience: At sea for approx. 5 – 6 years

Unitor 14 years, (Saudi Arabia, U.A.E. Dubai & Bergen)

Wilh. Wilhelmsen (Barwil) 5 years (SVP Sales & Marketing) (Spain & Oslo)

Odfjell Tankers - 5 Year (SVP-Ship Operation)

SIGMUND LARSEN - INVENTOR & ENTREPRENEUR

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www.environor.com

ENVIRONOR IS COLLABORATION WITH;

Professor, Dr. Ing. Hallvard Ødegaard

Paul Reiter – Reiter IWS- Singapore

Mark Lane – Consultant at Pinsent Masons




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COPYRIGHT & DISCLAIMER55 CHALLENGES

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COPYRIGHT & DISCLAIMER66 MISSION

EnviroNor shall offer a high standard Floating Aqua Recovery Solution to communities, industry and to people in need.Our aim is to recycle elements, where possible, and to reduce emission to close to zero.

Our business shall be based on: A Commercial mind set An Environmental Responsibility A Social Responsibility

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COPYRIGHT & DISCLAIMER88 ANNUAL RENEWABLE WATER SUPPLY PER PERSON - 1975

Water Availability(m3/capita/year)

Extreme

Scarcity

Scarcity Stress Adequate SurplusAbundant

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COPYRIGHT & DISCLAIMER1111 LOCAL WATER AVAILABILITY – 2012

Water Availability(m3/capita/year)

Extreme

Scarcity

Scarcity Stress Adequate SurplusAbundant

Scarcity

Urbanisation

Middle-Class

Environmental

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Large scale traditional water treatment solutions in highly populated areas are slow to implement and has a high CAPEX

Onshore plants have a long timeframe from decision to operationalization (8-10 years) (Floating solution 1-4 years)

Onshore plants can’t keep pace with urbanisation

Large cities run short of land areas for this kind of process plants or “out of sight”

Every day, 9 mill m3 of untreated wastewater is discharged into the Mediterranean ocean

Tourism avoid areas where wastewater is discharged untreated into the sea

Water scarcity reduces economic development

PRESENT ECONOMIC CHALLENGES

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Access to safe drinking-water is essential to human health and survival.

2,2 mill people die each year from diarrheal disease. (mostly children)

80% of all wastewater in development countries are discharged untreated into the environment.

Untreated wastewater leads to eutrophication of the sea.

Methane from sewage are a considerable contributor to green house gases. Methane ≥ 20 times more potent as a greenhouse gas than CO₂

Untapped energy source in the sewage fermenting process

PRESENT ENVIRONMENTAL & SOCIAL CHALLENGES

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The Aqua Recovery by EnviroNor is a unique solution compare to traditional wastewater or desalination plant. Our solution is based on re-use of an ocean going vessel (tanker) where we convert the vessel to a Floating Wastewater Treatment Unit or to a Floating Desalination Unit.

The Aqua Recovery by EnviroNor offers considerable advantages in terms of; lower investment, reduced time from decision to operationalization, environmental benefits and flexibility in terms of locations.

The Aqua Recovery by EnviroNor can be anchored as a fixed installation or can be moved and service a multiple of location.

UNIQUENESS & DIFFERENTIATION

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Maritime

Industry

Competence

Aqua RecoverySolution

WE COMBINE THE BEST

Oil & Gas

Industry

Process Industry

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Process equipment is already in use on onshore wastewater treatment facilities (Singapore)

Floating terminals are already in use in Oil & Gas industry

FSRU Floating Storage & Regasification (LNG)

FPSO Floating Production Storage & Offloading (Oil)

Convert phased out tankers to Floating Aqua Recovery Plant or Floating Water Supply Units

Tailor made solutions to meet customers particular needs and short lead-time. (Time from decision to deployment/operation)

Offers flexible time charter period. I.e. Permanent 20+20 years or while maintenance or upgrade projects. > 2 years

INNOVATIVE SOLUTION - KNOWN & PROVEN TECHNOLOGY

Confidential

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Work in progress to secure LOI/MOU Turkey, Marmara Sea (Floating Desalination Units) Statoil (Business Case) (Floating Wastewater Treatment) UAE – Abu Dhabi (Floating Desalination Units) Mozambique (Floating Wastewater Treatment)

Countries shown interest in the concept Gaza (Floating Wastewater Treatment) Indonesia , Bali, Jakarta (Floating Wastewater Treatment) Cuba – Havana (Floating Wastewater Treatment) Pakistan (Floating Wastewater Treatment) China, Hong Kong (Floating Wastewater Treatment) India (Floating Wastewater Treatment) Thailand (Floating Wastewater Treatment) Panama (Floating Wastewater Treatment) Israel (Floating Desalination Units)

POTENTIAL PROJECTS

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COPYRIGHT & DISCLAIMER2525 FINANCING OF PROJECTS

Confidential

Export Credit Norway offers long-term loans to EnviroNor’s customers

A state-owned limited liability company providing long-term debt financing on competitive terms to customers of Norwegian exporters

Offers fixed interest rate for up to 18 years for water projects

Financing for up to 85 % of the export contract value

The loans are guaranteed by the Norwegian Guarantee Institute for Export Credits (GIEK) and/or commercial banks

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COPYRIGHT & DISCLAIMER2626 PROJECT ECONOMICS

Vessel : 40 000 Dwt

Age : 15 years

Period : 20 Years

Disc. Rate : 8%Confidential

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COPYRIGHT & DISCLAIMER2828 INCOME POTENTIAL

No of persons served by the vessel 300 000 1 000 000 2 500 000

IRR Cash Flow to Total Capital 11% 28% 28%

NPV Cash Flow to Total Capital i=8,5 % 10 946 187 031 471 527

IRR and NPV calculations for different vessel sizes (TUSD)

As the table above shows, the NPV based on Cash Flow to Total Capital will be 11 musd for a vessel which serves 300 000 people. This capacity equals a vessel size of 40 000 – 50 000 dwt. For the larger vessels, the NPV and IRR are significantly higher due to economies of scale.

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COPYRIGHT & DISCLAIMER3131 FINANCING OF PROJECTS

Confidential

Export Credit Norway is positive to offer long-term loans to EnviroNor projects

A state-owned limited liability company providing long-term debt financing on competitive terms to customers of Norwegian exporters

Offers fixed interest rate for up to 18 years for water projects

Financing for up to 85 % of the export contract value

The loans are guaranteed by the Norwegian Guarantee Institute for Export Credits (GIEK) and/or commercial banks

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COPYRIGHT & DISCLAIMER3232 COMPETITIVE ADVANTAGES ARE SIGNIFICANT

Large cities run short of land areas for this kind of process plants or “out of sight”

Investor has control over the asset

Long-term loan with fixed interest rate

Economic Return

To recycle wastewater cost less than desalination of seawater

Timeframe from decision to operationalization

Easy to upgrade to new technology (technology cycle) and capacity

In event of political instability, decommission the asset

Minimal or no impact from Earthquake or Tsunami

Plant operational in event of flooding

No neighbours

Flexible locations

Minimal odour

Reuse of vessels 20+20 Years

A fully closed tank system for storage of water Confidential

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EnviroNor seek investor or strategic partner with sufficient capital strength to bring the Aqua Recovery solution to the market.

EnviroNor is open minded to both a financial partner or a strategic/industrial partner who has the knowledge and experience with related products, complementary products or service provider

SEEKING INVESTORS OR STRATEGIC PARTNERS

Confidential

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www.environor.com

Thank you for your time

For brochure and video kindly see our home page: www.environor.com




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Following slides are supporting slides for the presentation

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In my opinion the Environor is an innovative concept with a great potential for commercial success. The concept may be used in a traditional, centralized end‐of‐pipe wastewater system, both for the case where the treated water is discharged to the sea and the case where the treated water is reclaimed, returned to the shore and reused for various, secondary quality uses (irrigation, street washing, toilet flushing etc.). The concept may also be used for desalination of ocean‐water in cities of water scarcity. The concept may, most favourably be used in the new, innovative semi‐centralized water and wastewater management systems that are emerging in cities around the world, that focuses on water reclamation and reuse, water conservation, energy conservation and local storm water handling and use.

All in all, therefore, the Environor concept, if sensibly managed, should have a great potential.

Prof. Emeritus Dr. Ing. Hallvard Ødegaard

Norwegian University of Science and Technology (NTNU)

Solving the problem of water scarcity has to begin by using water more efficiently, but that alone will not fill the gap. Large-scale reuse of water is essential to a sustainable future for planet Earth.

Paul Reiter former Executive Director International Water Association

ENDORSEMENT

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Water security is one of the great challenges of the 21st century. It goes to the heart of biodiversity conservation, food and energy supply, climate change adaptation, poverty reduction and conflict mitigation. Large-scale reuse of water is essential to a sustainable future. A solution that also reuses phased out ships is spot on environmentally. This project combines innovation, cost efficiency, environment and flexibility in an elegant way

Nina Jensen, CEO /Generalsekretær WWF

Availability of, and access to clean water is a crucial humanitarian need. Depletion and destruction of our natural resources puts the livelihoods and resilience of especially vulnerable populations at risk. This project addresses different issues. It increases the availability of clean water, reduces environmental pollution and addresses issues related to the global trends of urbanization, climate change and the depletion of our natural resources.

Sven Mollekleiv, President Norwegian Red Cross

We have since long looked for an opportunity to create something in the environmental space around water. We have been invited by EnviroNor to join up on Floating Wastewater Treatment Plants. With this project we want to bring more knowledge to the market on how this can be done in practice.

Henrik Madsen DNV GL Group CEO

ENDORSMENTS

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COPYRIGHT & DISCLAIMER3939 DNV RESEARCH PROGRAM

Dagens Næringsliv 2013-12-12 s 22

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COPYRIGHT & DISCLAIMER4040 Singapore - Opportunities

Plant Cap m3/day Area Hectare

Potential Property value (SNG 1000)

Min. Vessel Size Dwt

Jurong WRP 202 500 38,7 116 100 125 000

Ula Pandan WRP 361 000 51,3 153 900 215 000

Changi WRP 800 000 38,4 115 200 2 x 220 000

Bedok WRP 230 000 26,3 78 900 150 000

Kranji WRP 174 000 30,7 92 100 105 000

Selatar WRP 114 000 21,5 64 500 75 000

Jurong IWW 125 000 8,7 26 100 75 000

Above numbers are approximate.

Average industrial property price: SNG $ 300 m2 = Usd 240 m2

1 Hectare = 10000 m2

Property can be used for other purposes

Vessel size and capacity can be upgraded Go to Comp. Advant.Confidential

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COPYRIGHT & DISCLAIMER41 ORGANIZATION – POST SHARE ISSUE

CEO

Project Manager Marine Appl.

Project Manager Process Plant

Sales/Marketing Marine Biologist

Project & AdminProject

Coordinator

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Project process

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COPYRIGHT & DISCLAIMER4343 JAKARTA

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COPYRIGHT & DISCLAIMER4444 SINGAPORE

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COPYRIGHT & DISCLAIMER4545 RIO DE JANEIRO