PRESS RELEASE
January 19, 2024

TBM presents "Next-Generation LIMEX"
using CCU technology at the Davos Meeting
Tokyo, January 19, 2024 – TBM presented "Next-Generation LIMEX" using CCU (Carbon Capture andUtilization) technology at the World Economic Forum annual meeting in Davos, eastern Switzerland (DavosMeeting, January 15-19, 2024).
CCU, which captures emitted CO2 and reuses it as a variety of carbon compounds, is attracting attention
globally as one of the most important technologies for reducing CO2 emissions into the atmosphere.
The Next-Generation LIMEX uses calcium carbonate made from CO2 in emission gas from factories as rawmaterial, instead of calcium carbonate derived from limestone. The calcium carbonate for Next-Generation
LIMEX is chemically synthesized from CO2 and waste liquid from factories that contain calcium, such asconcrete sludge and steel slag, through a process with low environmental impact. Next-Generation LIMEX is anenvironmentally friendly material that contributes to carbon neutrality.
*LIMEX is an inorganic filler-dispersion composite material containing more than 50% inorganic materials such as calcium carbonate.

Next-generation LIMEX website: https://tb-m.com/eng/business/limex2.0/■ Background
Huge Impact of CCU on Decarbonization
According to the IEA forecast, CCUS (Carbon Capture, Usage and Storage), including CCU technology, isexpected to contribute approximately 19% to reducing CO2 emissions from energy sources, placing it in the topthree. CCU technology is expected to significantly contribute to creating a carbon-neutral society.
*IEA “Energy Technology Perspectives 2020”

PRESS RELEASEThe Rapidly Growing Global Market for CCU Technology
ICEF forecasts that the market for products made from CO₂ using CCU technology could grow to $297.5 billion(about 40 trillion yen) in 2025 and $837 billion (about 120 trillion yen) in 2030.
*The Innovation for Cool Earth Forum (ICEF); Carbon Dioxide Utilizaiton (CO2U) – ICEF ROADMAP 1.0、$1＝140 yen

Promotion of Carbon Neutral Technology by the Japanese Government
The Japanese government also established a "Carbon Recycling Roadmap" in 2023 to promote CCU furtherand achieve its carbon neutrality goal for 2050. The maximum amount of CO2 recycled by CCU technology in2050 is estimated to be approximately 100-200 million tons.
*Ministry of Economy, Trade and Industry, Agency for Natural Resources and Energy, "Carbon Recycle Road Map."

CO2 captured from emission gas from industries such as coal power plants, cement plants and steel plants■ Overview of Next-Generation LIMEXOver 10,000 companies and municipalities have already adopted limestone-based LIMEX as an alternative
material for plastics that can reduce petroleum-based plastics and CO₂ emissions throughout its life cycle andan alternative material for paper that reduces water consumption.
Instead of calcium carbonate derived from limestone, the Next-Generation LIMEX contains calcium carbonate
made from CO₂ emitted from industrial factories, chemically synthesized through a low-environmental-impact
process, and is expected to be carbon-negative. In developing the Next-Generation LIMEX, TBM was supportedby NEDO (New Energy and Industrial Technology Development Organization) and Tohoku University. As amember of the World Economic Forum Unicorn Community, the founder and CEO of TBM, Nobuyoshi Yamasaki,presented prototypes of the Next-Generation LIMEX products at the Davos Meeting 2024.
TBM will prepare for the mass production of the Next-Generation LIMEX and continue to improve the carbon
footprint by using biomass-based resin and recycled resin for the binder instead of petroleum-derived resin.

Flower Pot

Business CardPRESS RELEASE

About next-generation LIMEX■ Features
1. Optimization Technology of Calcium Carbonate Suitable for LIMEXFor the Next-Generation LIMEX, it is very important to design and control the particle size and shape of thecalcium carbonate made by CCU technology to be optimal for LIMEX. Through the development of LIMEX, TBM
already has more than 200 patents worldwide in more than 40 countries and a domestic patent for CCU-related
technology, which is filed for international application.
2. Applicable for a Wide Range of Value-added Applications
Currently, cement and aggregates are the main applications for calcium carbonate made with CCU technology.
Next-generation LIMEX can be used in various applications like limestone-based LIMEX, from industrial
materials to daily consumer goods, such as industrial film, food packages, and labels.
3. Environmental Performance through CCU
Using calcium carbonate made by CCU technology, LIMEX can reduce petroleum-based plastic consumption
and CO₂ emissions throughout its life cycle compared with plastic. Next-generation LIMEX can be recycled
multiple times without releasing CO₂. Furthermore, using calcium-containing waste as a raw material for Nextgeneration LIMEX can contribute to the effective use of resources through recycling.
■ Brand Logo
The visual icon of the next-generation LIMEX represents an "X" andinherits the current LIMEX concept of holding unlimited possibilities.
LIMEX's "LIME" will evolve from the meaning "LIMEstone" to "Low
Impact Material for Earth." This material will incorporate newtechnologies to sustain a global environment where people can thrive.
■ About TBM Co., Ltd.
TBM is a company based in Japan specializing in developing and delivering sustainable material LIMEX. The
basic patents of LIMEX have been registered in over 40 countries and introduced to over 10,000 organizations.
LIMEX is registered in the Sustainable Technology Promotion Platform "STePP" by UNIDO as a recyclable
material that can be an alternative to plastic and paper. By supplying and recycling LIMEX, TBM aims to solve
plastic waste, resource depletion, and various environmental issues.
https://tb-m.com/en/PRESS RELEASE###Media Contact:
Natsumi SakaiPublic Relations and Marketing Division, TBM Co., Ltd.
n-sakai@tb-m.com