ERANOVA collects algae blooms, a polluting biomass, and uses a patented process to enrich the algae into a starch-rich material. This material is then processed into biodegradable or durable bioplastics using another patented technique. Their bioplastics improve the mechanical properties of current bioplastics by 15% and can serve markets for renewable ecological bioplastics and biodegradable/compostable packaging films and bags. Their roadmap outlines plans from 2017-2021 to build raceways and extraction facilities to produce thousands of tons of biomass and bioplastics annually, selling licenses for biomass and starch production by 2019.

1. Teaser
ERANOVA -Technology from the Sea I Teaser ERANOVA I Investor Pole I confidential document I December 2016 I page 1

2. COMPANY PROFILE
e
Plastic packaging is present everywhere and it will be for a long time .BUT fossil ressources are limited and the fight for global
warning is on : reducing CO2 impact . At ERANOVA we consider that the bioeconomy should be linked to sustainability .We are
using the vaste potential of algae ,a pollutant , to make the new generation of biobased plastics packaging . We applicate the
cascade principle to avoid any possible distortions in the use of biomass from their primary purposes .We make the new generation
of biobased plastics based on non food ingredient .
ERANOVA is collecting and transforming a polluting biomass :Algae bloom .Less costly than the culture of Algaes , sustainable
we make colourless and odorless biodegradable ,compostable or durable bio material to manufacture plastic bags and packaging,
Opportunity
ERANOVA
Plastic worlwide
demand
(+4%/year)
Pressure on
agriculture
X3 productivity to
feed 2050 world
population
Bioeconomy and
policy
framework for
sustainable
product
Green Algae Bloom
( harmfull and pollutant)
Pollution and keys factor
Need for an alternative non food based sustainable biomass
rich in starch,
Biobased
Renewable
ressources
needs
(+15%/year)
ERANOVA -Technology from the Sea I Teaser ERANOVA I Investor Pole I confidential document I December 2016 I page 2

3. DISRUPTIVE TECHNOLOGY
e
Differentiation
1-Bloom Algae is a massive resource, polluting beaches and sea .It is a major
environmental concerns for cities and states that need constant pickup
2-3 After picking the starch enrichment is done according to a patented process in
large raceways producing 20 times more biomass than current terrestrial plant
4-Extraction of starch is processed by a patented enzymatic cracking technic
producing 13 times more starch than current terrestrial production of corn starch
for example
5-Material is processed into biodegradable or durable bioplastic formulation
improving by 15% the mechanical properties of current bioplastics
A sustainable C02 positive production able to serve various markets :
- Renewable ecological bioplastic for the food ,cosmetic, film industry with
endless application field
- A Biodegradable or compostable bioplastics ( food contact films and bags , trays
..)
ERANOVA-Technology for future I Teaser ERANOVA I Investor Pole I confidential document I December 2016 I page 3

4. ROAD MAP
e
2017
• Investment phase for building industrial demonstrator including raceways and extracting unit. 2 hectares
will provide testing material for semi industrial trials
• Laboratory trial of the second generation of Eranova product .
2018
• Investment to Install 10 hectares of raceways including scale up of the industrial extraction unit
• Worldwide patent extension
• Total biomass capacity : 8 000 t, for minimum 2 000 t capacity of bioplastics
2019
• Invest to extend with 20 hectares of raceways
• Total biomass capacity reaches 24 000 t , for minimum 6 000 t capacity of bioplastics
• Sell first license to produce biomass and starch
2020
• Invest in Addition of 10 hectares more of raceways
• Total biomass capacity reach :32 000 T , for minimum 8 000 t capacity of bioplastics
2021
• Invest in Addition of 10 hectares more of raceways
• Total biomass capacity reach : 40 000 T , for minimum 10 000 t capacity of bioplastics
ERANOVA-Technology from the Sea I Teaser ERANOVA I Investor Pole I confidential document I December 2016 I page 4

5. MARKETS
e
ERANOVA -Technology from the Sea I Teaser ERANOVA I Investor Pole I confidential document I December 2016 I page 5
ERANOVA produce bioplastics from algae feedstocks to reduce cost and dependence from fossil-fuel and food-based
feedstocks. Our product address the global market of packaging .
Cosmetic,industrial,flexible or rigid material can use our blend ,
Worldwide plastic market : 350 billion € (GR 4%/year)
Worldwide bioplastic market for Packaging :
15 billion €
( GR 28% /Year)
European bioplastic market for packaging :
1 billion €
in KT
Annual growth of bioplastics
from durable compostable plastics to single use packaging
source European bioplastics