What this document is
A single-page action instrument: what the Authority commits, what it receives, and the one action to authorise before the August 2026 Master Plan vote.
- 1The RRF is under a pending sale, landfill capacity is under pressure, and the Master Plan vote in August 2026 fixes the system’s direction.
- 2One CSA: a $100/ton Beneficiation Fee, and a Circular Royalty™ of $17.52M in Year 2 growing to ~$874M gross over 30 years at Phase Initial.
- 3One action: execute an LOI/MOU before the Governing Board vote.
Why this matters — what Carbotura is offering the Broward County SWA
The SCS Engineers Regional Solid Waste and Recycling Master Plan goes to the SWA Governing Board for adoption in August 2026. Its Scenario A planning fee — a landfill gate rate of $91/ton — is the cost basis of this package. Meanwhile the South Broward RRF is under a pending sale with contract continuity uncertain, and landfill capacity is under pressure. An LOI/MOU executed before the vote is how a manufacturing route gets written into the plan rather than negotiated against it afterward.
Carbotura converts the residual the Authority’s system currently burns or buries into manufactured Circular Materials — synthetic graphite, graphene compounds, recovered minerals, plus net-positive ultrapure water — by primary elemental dissociation in an oxygen-free process. Not landfill, not incineration, not waste-to-energy: manufacturing.
The Master Plan’s modeled gate rate is $91/ton. The Beneficiation Fee is set at $100/ton, escalating 2.5%/yr — at Phase Initial (400 TPD, 146,000 TPY) that is $14.60M in Year 1. Carbotura funds 100% of the facility; the Authority commits feedstock, not capital.
Beginning 13 months after the first Beneficiation Fee payment, the Authority receives a rolling monthly Circular Royalty™ — $17.52M in Year 2 at Phase Initial, 120% of that year’s fee, adding a percentage point every year. Over the 30-year term that is approximately $874M gross at Phase Initial and $2.18B at 1,000 TPD. Fee and royalty are two transactions and are shown separately throughout.
Why this fits Broward
The South Broward RRF (WIN Waste) is under a pending sale with the new operator not yet confirmed, and landfill capacity at the Broward County Landfill and Monarch Hill is under pressure. A 30-year CSA is a contracted route.
The SWA Governing Board adopts the Regional Solid Waste and Recycling Master Plan in August 2026. An LOI/MOU before that vote puts a manufacturing route inside the plan.
Scenario A models a $91/ton landfill gate rate in 2025 dollars. The $100/ton Beneficiation Fee is set against it; the case rests on the royalty, not on displacing a low rate.
ACM Modular Production Units are manufactured and replicated under a Design for Manufacturability (DFM) model in 100 TPD increments — 400 TPD at T0+24 months, 800 at T0+42, 1,000 at T0+60.
Build-Own-Operate: Carbotura funds 100% of capital at every phase. The Authority commits feedstock under a Minimum Annual Feedstock Volume set at Term Sheet, not money.
The structure, stated once
The Beneficiation Fee and the Circular Royalty™ are independent gross transactions with different payers. They are reported separately and never netted against one another.
The same physical mass is counted once in each of three dimensions — asset, revenue, attributes — and never summed as three independent masses.
Build-Own-Operate. Carbotura funds 100% of capital at every phase. The counterparty commits feedstock, not money.
One Circular Supply Agreement
+ Circular Royalty™
- Beneficiation Fee: $100–150/tonne · set at Term Sheet against the verified FWDC · 2.5%/yr escalator
- Circular Royalty™: 120% of the current-year Beneficiation Fee in Year 1 ($120–180/tonne), +1pp/yr, uncapped
- Royalty commencement: 13 months after the first Beneficiation Fee payment, rolling monthly on delivered tonnage
- Perpetual CSA, 30-year minimum term · Build-Own-Operate · zero counterparty capital
- Feedstock transfers under the CSA — ownership and liability pass at collection or delivery
- Accounting basis: US GAAP / GASB
Exogenesis™ eligibility for Broward’s legacy landfill mass is PROVISIONAL and subject to feedstock characterisation. It is carried as a candidate alongside the primary CSA and is not part of the base case.
Subject to characterisationKey figures at a glance
SCS Master Plan Scenario A
120% of current-year fee
~250 at Phase Expanded
Circular Royalty™ projections by phase
Beneficiation Fee and Circular Royalty™ shown independently per the Separate Transaction Principle. No figure on this page nets one against the other.
| Capacity | Annual TPY | Beneficiation Fee · Year 1 | Circular Royalty™ · Year 1 basis | 30-Year Gross Royalty | Direct FTE |
|---|---|---|---|---|---|
| 400 TPD ← Phase Initial | 146,000 | $14.60M | $17.52M | ~$874M ESTIMATED | — |
| 800 TPD · Phase Medium | 292,000 | $29.20M | $35.04M | ~$1.75B ESTIMATED | — |
| 1,000 TPD · Phase Expanded | 365,000 | $36.50M | $43.80M | ~$2.18B ESTIMATED | — |
FWDC $91/ton MODELED. Beneficiation Fee $100/ton. Circular Royalty™ (Year n) = (120% + (n−1)pp) × that year’s Beneficiation Fee; payments commence 13 months after the first fee payment and roll monthly. 30-Year Gross Royalty is gross royalty over 30 payments, ESTIMATED. Fee and royalty are independent gross transactions and are not netted anywhere in this document.