Cinis Fertilizer (CINIS) ABGSC Investor Days summary

Market and sustainability trends

• Fertilizer production is a major greenhouse gas emitter, with a need for more sustainable methods, especially for potassium sulfate (SOP).

• Growing global food demand, sustainability awareness, and waste reduction are driving SOP market growth.

• Geopolitical instability and the need for European self-sufficiency have increased demand for domestic fertilizer production.

• The price spread between input (MOP) and output (SOP) remains favorable, supporting profitability.

Technology, production, and environmental impact

• Uses patented process to convert industrial sodium sulfate waste and potassium chloride into low-carbon SOP.

• Process is energy efficient, recycles water, and runs on fossil-free electricity, resulting in up to 100% lower CO2 emissions compared to traditional methods.

• By-product sodium chloride is regular table salt, supporting circularity and waste reduction.

• First industrial-scale green SOP plant in Sweden is operational, with 75% capacity ramped and full capacity expected by early 2025.

Commercial agreements and expansion plans

• Secured intake agreements with battery producers (Ascend Elements, BASF) and waste handler Ragn-Sells, sometimes receiving gate fees for waste.

• Long-term supply agreement for potassium chloride with K+S; all output from first plant sold to Van Iperen.

• U.S. expansion planned in Kentucky, co-located with Ascend Elements, with phased buildout to match partner's scale-up.

• Six production plants targeted by 2030, aiming for 1.5 million tons annual SOP capacity.