CARBOTURA Executive Brief · Emirate of Dubai
Carbotura, Inc. Emirate of Dubai March 2026 Confidential
Advanced Circular Manufacturing
Executive Brief
Dubai's confirmed 2027 landfill closure defines the procurement deadline as mid-2026 — one authorization preserves processing certainty, eliminates the post-closure gap, and secures a Circular Royalty designed to exceed the TMC Fee per tonne from Year 2 onward.

Dubai generates approximately 13,000 TPD of municipal manufacturing feedstock daily. Of that, approximately 7,000 TPD is uncommitted — currently routed to Al Qusais and Al Bayadiyah landfill sites, both of which Dubai Municipality has confirmed will close permanently in 2027. An additional ~5,000 TPD of construction and demolition material carries no long-term processing commitment. Once the landfill gates close, no contracted alternative destination exists for these streams at any price. The decision to replace them is not a 2027 decision — it is a mid-2026 decision.


Under the current system, Dubai Municipality pays an estimated AED 180–250/tonne ($49–68/tonne) all-in to manage the uncommitted municipal stream — a confirmed gate fee of AED 100/tonne plus collection and transport. That cost escalates through three compounding mechanisms: landfill capacity constraints ahead of closure, intensifying compliance obligations under Dubai Law No. 18 of 2024, and the complete absence of a competitive disposal alternative post-2027. After the landfill closes, State A has no cost ceiling and no contracted processing pathway.

Carbotura proposes a 30-year Circular Offtake Agreement (COA) under which Carbotura designs, finances, builds, owns, and operates a phased Advanced Circular Manufacturing facility — at zero government capex and zero operating liability to the Government of Dubai. Dubai's sole financial obligation is the TMC Fee of $100/tonne Est. for feedstock delivered, escalating at 2.5% per year. In return, Carbotura pays Dubai a Circular Royalty — a recurring monthly cash payment beginning 13 months after the corresponding TMC Fee payment, at a base rate of $120/tonne, escalating at +1 percentage point per year. At steady state, the Circular Royalty is designed to exceed the TMC Fee on a per-tonne basis.

Phase Initial (400 TPD, 4 modules) can achieve commercial operations by approximately Q1 2028 — before the landfill closure — if the Community Feasibility Study is authorized by mid-2026. Carbotura's standard deployment schedule from Feasibility Study authorization to Phase Initial COD is 18–24 months. That schedule fits the window precisely. Phase 2 (1,000 TPD) and Phase 3 (2,000 TPD) follow on a 2-year cadence, expanding coverage of the C&D, industrial, and organic streams. All three phases are fully supportable from Dubai's confirmed addressable feedstock universe — Phase Initial requires 5.7% of the immediately accessible stream alone.


Three Fiscal Periods — Must Not Be Combined
Year 1 — Pre-Royalty
Months 1–12
−$100/tonne
Dubai pays TMC Fee. Circular Royalty: $0. Net = −$14.6M/yr at Phase 1. This is the only period of net negative position — and it does not recur.
Month 13+ — Royalty Ramp
Rolling onset
+$17.50/tonne
Circular Royalty begins. $120/tonne received vs. $102.50/tonne paid. Net positive from the first royalty payment — every month thereafter.
Year 2 → Year 30
Steady state and compounding
+$86.73/tonne
Year 30 per-tonne net. Royalty at 148% of original TMC. Cumulative 30-year net surplus: ~+$132M at Phase 1 alone. Government capex throughout: $0.

Circular Royalty payments begin 13 months after the corresponding TMC Fee payment, on a rolling monthly basis. This is not an annual switch-on event — each TMC Fee payment generates a corresponding Circular Royalty payment 13 months later. At steady state, the Circular Royalty is designed to exceed the TMC Fee on a per-tonne basis.

30-Year Fiscal Arc — Phase 1 (400 TPD)
One year of transition cost; 29 years of growing Circular Royalty surplus
Yr 1
−$100/t
Yr 2–3
Ramp
Years 4–30 · Circular Royalty > TMC Fee · Growing Net Surplus
Year 1: Pre-royalty (−$100/t · net negative only period)
Year 2–3: Royalty ramp (+$17.50/t · net positive from Month 13)
Years 4–30: Steady state (Royalty > TMC · +$86.73/t at Year 30)
Source: Carbotura Circular Royalty contractual model (standard parameters) · $100/tonne TMC floor (estimated) · Phase 1: 400 TPD / 146,000 TPY · All figures estimated/modeled pending FWDC confirmation

ParameterValueSource
Addressable feedstock — IMMEDIATE access ~12,000 TPD / ~4.38M TPY Est. Dubai Municipality / Zawya Projects (Feb 2026)
Phase 1 throughput (Initial) 400 TPD / 146,000 TPY Carbotura standard parameters
Current all-in disposal cost (FWDC) $49–68/tonne (AED 180–250) Est. EC Resolution 58/2017 (gate fee) + market data
TMC Fee (Year 1) $100/tonne Est. · floor applies at est. FWDC Carbotura standard parameters; pending FWDC confirmation
Annual TMC obligation (Phase 1, Year 1) −$14.6M/yr Est. $100 × 146,000 TPY
Circular Royalty — Year 1 $0 · pre-royalty period (Months 1–12) Carbotura contractual model — 13-month lag
Circular Royalty lag 13 months rolling · not annual batch Carbotura contractual model (standard parameters)
Net position — Year 2 (Month 13+) +$17.50/tonne · +$2.55M/yr (Phase 1) Mdl. Royalty $120/t − TMC $102.50/t Year 2
Net position — Year 30 +$86.73/tonne · +$12.66M/yr (Phase 1) Mdl. Royalty 148% × TMC Year 29 base
Cumulative 30-year net (Phase 1) ~+$132M net surplus Mdl. Sum of annual net positions Years 1–30
Government capital obligation $0 — BOO model throughout Carbotura contractual model (standard parameters)
Hard deadline — landfill closure 2027 (Al Qusais + Al Bayadiyah) Verified Dubai Municipality; Gulf News Nov 2025; Zawya Feb 2026
Procurement decision deadline Mid-2026 — Feasibility Study authorization Verified Derived: 2027 closure − 18–24 months deployment schedule
First Circular Royalty payment ~Q2 2029 (Month 13 after ~Q1 2028 COD) Est. Carbotura standard deployment schedule
Direct employment (Phase 1 / Phase 3) 100 FTE / 500 FTE Carbotura performance baseline (400 TPD standard)

⚠ Cost of Inaction

The instrument that creates irreversibility is the Dubai Municipality confirmed closure order for Al Qusais and Al Bayadiyah, which permanently eliminates the only remaining landfill disposal pathway for the uncommitted MSW stream in 2027. If Feasibility Study authorization slips past mid-2026, Phase Initial COD moves beyond Q1 2028 — creating a structural gap between landfill closure and operational ACM, with no contracted alternative and no cost ceiling. Each month of delay beyond mid-2026 is one month of Circular Royalty receipts permanently forgone — approximately $1.46M per month at Phase 1 rate.

A mid-2027 authorization produces an 18-month processing gap and forfeits approximately $17.5M in Year-2 Circular Royalty receipts — representing a permanent, structural reduction in the 30-year value position of the COA, not a timing difference that is recovered later.


One Action · One Window
Authorize the Community Feasibility Study
The Feasibility Study confirms: verified FWDC and contractual TMC Fee · site selection and acreage confirmation at Priority 1 (Al Warsan 2) · final COD schedule · biosolids and industrial stream volume quantification · regulatory pathway confirmation. Authorization is a decision gate — not final COA commitment. It preserves all optionality. Deferring it beyond mid-2026 forecloses Phase Initial operational continuity before the 2027 landfill closure.
Authorization deadline: mid-2026
Contact Carbotura: info[at]carbotura.com
Key data sources: Dubai Supreme Council of Energy / Zawya Projects (February 2026) · BESIX Group press release (September 2024) · Gulf News citing Dubai Municipality (November 2025) · Utilities Middle East (February 2026) · Executive Council Resolution No. 58 of 2017 · Dubai Law No. 18 of 2024 · dubaiwaste.com (February 2026) · Carbotura Circular Royalty contractual model (standard parameters) · Carbotura performance baseline (400 TPD standard, RC3 basis).
Financial projections: Carbotura Circular Advantage modeling (RC3 baseline, standard contractual parameters). All financial figures carry estimated or modeled status pending FWDC confirmation at Community Feasibility Study. Contact: info[at]carbotura.com
Projections are based on RevCon 3 baseline assumptions and subject to feedstock composition variability, market conditions for manufactured materials, regulatory frameworks, and site-specific factors. Carbotura makes no guarantee of specific financial returns. This document is prepared for the exclusive use of the named recipient and is confidential.
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