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What this document is

The entry point for Carbotura’s Circular Advantage engagement with Montgomery County, Maryland — five documents covering the feedstock system, the commercial structure, the economics, the decision and what it means for residents.

Three things this document says
  1. Montgomery County’s residual processing contract expires in April 2031, and the replacement question is open now.
  2. Advanced Circular Manufacturing converts the residual stream into products, under one agreement, with no County capital committed.
  3. The engagement decision belongs to 2026 if commercial operation is to begin before the current contract ends.
Looking for something else?

Engagement Path — Follow the Numbers

1 LOI / MOU engagement begins A non-binding Letter of Intent / Memorandum of Understanding. It opens the engagement, establishes the joint working group and data exchange, and carries no cost and no obligation for the community. Steps 1–5 are paper — typically 3–18 months in total.
2 Term Sheet verification & terms The verification phase. Feedstock streams, volumes, and the community’s disposal-cost basis (FWDC) are confirmed, the site is selected, and the per-tonne commercial terms are agreed before anything is signed long-term.
3 CSA execution = T0 The Circular Supply Agreement — a minimum 30-year supply contract with perpetual continuation. Execution starts the project clock (T0). It locks the Beneficiation Fee, the Circular Royalty™, the feedstock commitment, and site access.
4 Underwriting Carbotura-financed Carbotura arranges 100% of the facility financing under its Build-Own-Operate model. The community contributes zero capital and takes no construction or financing risk; an 18-month Parent Performance Guarantee backs all payment obligations.
5 Permitting manufacturing basis The facility is permitted as manufacturing (NAICS 31–33), never as waste processing. Both parties commit to the Regulatory Predicate Transition — the endpoint is categorical: manufacturing classification across all permitting, licensing and regulatory contexts.
6 Deployment build · 12–18 months The facility is manufactured and deployed in standardized 100 TPD modular increments rather than built as one-off construction — a 12–18 month build from CSA execution to commissioning.
7 COD & Royalties royalty +13mo after first fee Commercial Operations Date: the facility begins accepting feedstock. The Beneficiation Fee applies to delivered tonnage, and the first Circular Royalty™ payment follows 13 months after the first fee payment, then monthly, escalating every year.

Download the Engagement Path one-pager (PDF)

Carbotura · Advanced Circular Manufacturing · Community Overview
Circular Advantage Program · Document Suite

Engagement Documents

Six documents. One program. Each built to drive a specific decision at a specific audience. Start with the Feedstock System Assessment.

Stage 1 · Action Instrument
Decision Brief
One action Q2–Q3 2026 deadline 2-min read

One audience. One decision. Execute the LOI/MOU before RFP #1184252 award locks the bridge disposal pathway. The fiscal structure in under two minutes.

SP-02 · Elected Officials Read →
Stage 0 · Diagnosis
Feedstock System Assessment
1,800 TPD $90/ton FWDC est. RRF April 2031

Documents the current feedstock system — volume, cost structure, infrastructure map, regulatory deadlines, and addressable opportunity. The diagnostic basis for all subsequent documents.

SP-03 · Technical / Feedstock Read →
Stage 1 · Transaction
Circular Advantage Proposal
30-year CSA $100/ton TMC floor Zero capex

Defines the commercial structure: the Circular Supply Agreement (CSA) — Beneficiation Fee (TMC Fee) + Circular Royalty™ — plus the Exogenesis™ Royalty add-on ($50/ton legacy landfill mass, concurrent with the Circular Royalty™). Site candidate analysis. Zero County capital.

SP-01 · Municipal Finance / Legal Read →
Stage 1 · Delta Model
Economic Impact Report
State A vs. B $1.05B 30-yr royalty Risk register

Quantifies the fiscal delta between State A (current system) and State B (ACM deployment). Pre-royalty period, royalty ramp, and steady-state per-ton flows each presented separately — Beneficiation Fee and Circular Royalty™ reported as independent transactions.

SP-01 · Municipal Finance / Legal Read →
Stage 1 · Community Engagement
Community Benefits
100 FTE PFAS elimination EJ improvement

Regional economic impact, employment profile, environmental outcomes, and PFAS elimination. Designed for community stakeholders, civic organizations, and public engagement sessions.

SP-04 · Community / Public Read →
WHAT CHANGES
What Adopting Carbotura Changes
A plain-language tour of how a 30-year ACM commitment changes a community’s fiscal position, employment, and waste system structure. Generic illustrative figures.
Open ↗
Engagement Timeline · Montgomery County

Key Milestones & Decision Windows

Sep 2025
RFP #1184252 Issued
Long-haul MSW disposal
Nov 2025
RFP Closed
Award pending
Q1–Q2 2026
RFP Award — Now
Locks interim pathway
Q2–Q3 2026
LOI/MOU Execution Deadline
COD before April 2031
Q4 2026
CFS Complete
FWDC + site confirmed
Q4 2028
Phase Initial COD
400 TPD operational
Q1 2030
First Royalty Payment
13-month lag · rolling
April 2031
RRF Contract Expires
Hard deadline · no fallback

Basis of Presentation

Basis of Presentation — Assumptions & Confidence

Source-of-truth references for the key figures cited throughout this document. Full Assumption Registry available on request from the Montgomery County engagement team.

FieldValueConfidenceSource
Beneficiation Fee Year 1$100/ton at FLOORLOCKEDMASTER_RULES v4.6 §4.2 formula floor
Beneficiation Fee escalator2.5%/yr compoundedLOCKEDMASTER_RULES v4.6 §4.2
Circular Royalty™ Year 2 / Year 30$120 / $295.48 per tonLOCKEDRoyalty math glossary MR §4.13
CSA term30-year minimum + perpetual continuationLOCKEDMASTER_RULES v4.6 §4.7
Credit floorBBB–/Baa3 minimum (CSA)LOCKEDPortfolio compliance pass 2026-05-15
Tax abatementNAICS 31–33 manufacturing-classification or PILOT equivalentLOCKEDPortfolio compliance pass 2026-05-15

Confidence flags follow Carbotura RevCon™ classification: VERIFIED (contracted or audited) · MODELED (calculated from documented inputs) · ESTIMATED (best-available, locked at Term Sheet phase).

Before the LOI/MOU

Six Questions That Decide Everything

Three to open the conversation. Three to close it. If the answers run the way they always do in Montgomery County, the LOI/MOU writes itself.

Three Questions to Open · The Yeses
01
Has Montgomery County committed to zero waste and a circular economy as core goals of its Climate Action Plan?
YES
Montgomery County's Climate Action Plan and Zero Waste Plan set binding targets for landfill diversion and carbon reduction. The County has declared that its current solid waste system is incompatible with those targets without a step-change in recovery infrastructure.
02
Would Montgomery County welcome a 30-year Circular Royalty™ stream — beginning 13 months after corresponding feedstock delivery — that converts a disposal cost into a revenue asset?
YES
At 3,220 TPD, the Circular Royalty™ reaches ~$141M/yr at steady state — paid gross, independent of the Beneficiation Fee (TMC Fee). Year 2 royalty alone exceeds the Beneficiation Fee on a per-ton basis by design. The decision window to lock that stream is the LOI/MOU execution date.
03
Is resolving legacy landfill PFAS liability and leachate exposure a declared County priority?
YES
Montgomery County's legacy landfill sites carry active PFAS groundwater monitoring obligations and leachate management costs that compound annually. ACM processes those material streams by elemental dissociation — the liability does not transfer to a remediation line item, it is eliminated at the feedstock stage.
Three yeses. One follow-up.
If the answer to all three is yes — and it always is — the only remaining question is why the LOI/MOU has not been signed. The three questions below make that silence impossible to maintain.
Three Questions to Close · The Consequences
04
What contracted circular manufacturing alternative to the County's current WTE and landfill infrastructure has Montgomery County executed?
NONE
No ACM-class or equivalent circular processing agreement exists. The County's existing WTE contract creates path dependency that extends disposal cost obligations without royalty return. There is no competing offer on the table.
05
Is the County's current solid waste trajectory consistent with its Zero Waste 2030 commitments and Climate Action Plan targets?
NO
Current diversion rates fall materially short of the 2030 target. WTE contracts lock in disposal costs without royalty return. PFAS remediation costs accumulate. Each year without an LOI/MOU is a year the gap between declared commitment and infrastructure reality widens.
06
How long does it take to commission ACM infrastructure at Montgomery County's scale after the LOI/MOU is signed?
YEARS
Phase Initial COD is 24 months from T0. First Circular Royalty™ payment follows 13 months after that. At 3,220 TPD across multiple modules, Phase Expanded full operations reach T0+60 months. Every month the LOI/MOU is delayed is a month that royalty stream — and the County's Zero Waste trajectory — slips.
Programme Overview · General Audience

What Adopting Carbotura Changes →↗

Programme-level explainer: the Circular Supply Agreement (CSA) plus the Exogenesis™ add-on, fiscal timeline, State A vs State B delta, and the Regulatory Predicate Transition — the dewaste pathway off waste-domain law onto manufacturing law. Applies to every community.

Learn about the programme →↗