CARBOTURA
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Executive Brief · Minot, North Dakota · November 2026

The fee is above the landfill gate rate. The case is the Circular Royalty™, which exceeds the fee from Year 2, on no City or County capital.

Ward County (population 68,233, 2025 estimate, down about 2.1% since 2020; Minot Daily News, 2026-03-26) is served by the City of Minot Landfill, owned and operated by the City's Public Works Solid Waste Management Division at 4450 37th Ave SW (NDDEQ permit 0272). Estimated from a vendor case study of the City landfill (undated, written after the 2011 flood; retrieved 2026-11-10), it receives about 82,000 t/yr of municipal solid waste and about 68,800 t/yr of inert material from six counties. A second permitted municipal landfill operates in the county: McDaniel Landfill Inc, Sawyer (NDDEQ permit 0326). The City's published MSW gate rate is $51/ton (effective 2025-01-01, City of Minot).

No regulatory closure order forces a deadline. The landfill has planned capacity: Cell 7 was approved in January 2023 ($2.36M, about 5–7 years), and the City bought 320 acres in 2017 for $4M to extend site life by 60+ years. The case for a Carbotura facility is therefore not a disposal saving. It is a Circular Royalty™ on every delivered ton, no public capital, cell airspace preserved, and a manufacturing destination for the material.

The Decision

The comparison, stated plainly. The Beneficiation Fee (TMC Fee) is $100/ton in Year 1, escalating 2.5%/yr: the bottom of the standard $100–$150/ton range. $100/ton is above the City of Minot Landfill's published MSW gate rate of $51/ton. Carbotura claims no disposal saving.

The relationship. Minot and Ward County become the manufacturing feedstock supplier to an ACM facility; material transfers to Carbotura under the 30-year Circular Supply Agreement (CSA) term, and Carbotura pays a Circular Royalty™ on it. Carbotura finances, owns and operates the facility and funds 100% of capital: $75M for Phase Initial (100 TPD), $130M for Phase Medium (200 TPD: $75M first module plus $55M for the second). There is no City or County capital.

Sizing. Phase Initial is 100 TPD, or 36,500 t/yr, about 45% of the landfill's reported municipal intake. Phase Medium is 200 TPD, or 73,000 t/yr, about 89%, a later step taken when the County chooses. Partnerships with Bismarck or Grand Forks could be added later under separate agreements; nothing here depends on them.

Carbotura offers a single commercial structure: the Circular Supply Agreement (CSA).

  • The CSA — Beneficiation Fee (TMC Fee) + Circular Royalty™. The feedstock provider pays the $100/ton Beneficiation Fee monthly in arrears, escalating 2.5%/yr. Carbotura pays the Circular Royalty™: 120% of the same year's Beneficiation Fee per ton in Year 1, rising one percentage point a year, paid 13 months after Carbotura's receipt of each Beneficiation Fee payment. The two are independent gross payments. The royalty exceeds the fee from the first royalty year, and the gap widens every year of the term.

Transport. Collection stays with City Sanitation; delivered material is routed to Carbotura's site instead of the landfill. Collection arrangements are confirmed during the Deployment Study.

Timeline. 12–24 months from permit issuance to commercial operation for Phase Initial. The Circular Royalty™ begins 13 months after Carbotura's receipt of each Beneficiation Fee payment. No external deadline governs the decision.

Fiscal Position

Phase Initial, 100 TPD (36,500 t/yr). Royalty received, receipts basis: paid 13 months in arrears; Year n = M(n−1) × BF(n−1). Illustrative. The fee and the royalty are separate gross amounts.

Pre-Royalty · Year 1 · Months 1–12
Beneficiation Fee paid: $3.65M
Circular Royalty™ received: $0 — 13-mo lag
Royalty Ramp · Year 2
Beneficiation Fee paid: $3.74M
Circular Royalty™ received: $4.38M rolling
Steady State · Year 30
Beneficiation Fee paid: $7.47M
Circular Royalty™ received: $10.79M

Thirty-year gross totals at 100 TPD: Beneficiation Fee about $160.2M paid; Circular Royalty™ about $207.3M received. At Phase Medium (200 TPD) every figure doubles: Year 1 fee $7.29M, Year 2 royalty $8.76M, Year 30 royalty $21.57M against a Year 30 fee of $14.94M. The royalty exceeds the fee and the gap widens every year.

"Gross cost displacement and Circular Royalty™ cash flow are quantified separately."

"At steady state, the Circular Royalty™ is designed to exceed the Beneficiation Fee on a per-ton basis."

"Circular Royalty™ payments begin 13 months after corresponding Beneficiation Fee payments and ramp to full run-rate on a rolling basis."

Key Facts

ParameterValueSource
Ward County population68,233 (2025 estimate; 68,427 in 2024); City of Minot ~47,300Verified — Minot Daily News, 2026-03-26
City of Minot Landfill intake~82,000 t/yr MSW + ~68,800 t/yr inert, six countiesReported — estimate, vendor case study, post-2011, retrieved 2026-11-10
Published MSW gate rate (City of Minot Landfill)$51/ton (inert $37/ton), effective 2025-01-01Verified — minotnd.gov/691
Phase Initial100 TPD / 36,500 t/yr (about 45% of MSW intake)Proposed
Phase Medium200 TPD / 73,000 t/yr (about 89%), when the County choosesProposed
Beneficiation Fee, Year 1$100/ton, above the $51/ton gate ratethe bottom of the standard $100–$150/ton range
Beneficiation Fee escalator2.5%/yrCarbotura standard
Circular Royalty™ multiplier120% of the same year's Beneficiation Fee in Year 1, +1 percentage point/yrLocked formula
Circular Royalty™ received, Year 1$0 — 13-month lag (pre-royalty period)Locked formula
Circular Royalty™ received per ton, Year 2 / 10 / 30$120.00 / $155.96 / $295.48 (receipts basis)Illustrative
Royalty payment lag13 months after Carbotura's receipt of each Beneficiation Fee payment, rolling monthlyLocked formula
Carbotura capital$75M (100 TPD) · $130M (200 TPD)Carbotura standard
Capital obligation to City or County$0Carbotura-financed, owned and operated
Hard external regulatory deadlineNoneVerified
Deployment timeline12–24 months from permit issuance to commercial operationCarbotura standard
Direct employment~25 at 100 TPD · ~50 at 200 TPD (indirect roughly 3×)Estimated — standard per-TPD scaling
Regulatory Predicate Transition (RPT) Both parties commit to the RPT pathway onto manufacturing classification (NAICS 31–33). The endpoint is categorical; interim bridging authorities may apply. Confirmation is actively pursued and nothing is contingent on it. North Dakota has no advanced-recycling or manufacturing-classification statute. Standing condition

What Waiting Means

No closure order or regulatory deadline forces this decision, and the landfill has planned capacity. Waiting costs no penalty. It defers the Circular Royalty™, which begins 13 months after Carbotura's receipt of the first Beneficiation Fee payment, and it leaves 36,500 t/yr going into landfill airspace the City has already paid to develop.

The decision can be staged. Phase Initial at 100 TPD stands on Minot's own feedstock. Phase Medium at 200 TPD is a later step, when the County chooses. A partnership CSA with another jurisdiction is possible later under a separate agreement, and nothing in this brief depends on one.

Execute the LOI/MOU

The Deployment Study runs 4–6 weeks and resolves: (a) verified tonnage and composition from City scale records; (b) candidate sites in the M1 / M2 / M3 zoning districts (no parcel identified yet), with geotechnical and zoning assessment; (c) NDDEQ pre-application engagement under NDAC 33.1-20 and NDCC 23.1-08; (d) collection routing with City Sanitation; (e) FAQ and public engagement materials. $0 to Minot — Carbotura bears the cost.

The Deployment Study commits no City or County capital. It produces the verified data set required for CSA execution. This proposal does not bind either party before CSA execution.

No external deadline · 12–24 months from permit issuance to operation

Contact: info[at]carbotura.com

Source basis. Population: Minot Daily News, 2026-03-26 (Census 2025 estimates). Landfill ownership, location and capacity: City of Minot, Landfill. Gate rates: City of Minot, Landfill Rates (effective 2025-01-01). Residential collection: City of Minot, Waste Carts. Permitted landfills (permits 0272 and 0326): NDDEQ active MSW landfills. State rules: NDAC 33.1-20 and NDCC 23.1-08. Intake tonnage is estimated from a vendor case study of the City landfill (undated, written after the 2011 flood; retrieved 2026-11-10). Financial figures: Carbotura Circular Advantage modelling, standard contractual parameters, illustrative. Contact: info[at]carbotura.com

Forward-Looking Statements. This document contains forward-looking statements regarding the Minot engagement, including capacity, timeline, fiscal projections, and partnership pathways. Forward-looking statements are based on information available as of November 2026 and Carbotura's standard methodologies; they are not guarantees. Actual results depend on factors including tonnage verification at the Deployment Study, site selection, permitting, and market conditions affecting institutional capital structure. The Regulatory Predicate Transition (RPT) governs Carbotura's commitment to this engagement.
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What this document is

A single-page summary for decision-makers: what Minot is being asked to authorise, what it pays, what it receives in return, and how the comparison with the landfill gate rate actually reads.

Three things this document says
  1. The $100/ton Beneficiation Fee is above the landfill's $51/ton gate rate, so there is no disposal saving; the case is the Circular Royalty™, which exceeds the fee from Year 2.
  2. Carbotura funds all capital ($75M at 100 TPD, $130M at 200 TPD); the City and County put in none.
  3. Phase Initial is 100 TPD (about 45% of municipal intake); 200 TPD follows only when the County chooses, 12–24 months from permit issuance to operation.
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Canonical Principles
  1. Carbotura is a manufacturer, not a waste manager. Advanced Circular Manufacturing converts delivered feedstock into products; it does not manage or dispose of waste.
  2. The Beneficiation Fee and the Circular Royalty™ are independent transactions. They are reported separately and in full, and are never netted against each other.
  3. Gross cost displacement is quantified separately from Circular Royalty™ cash flow. Both are independent financial effects of the CSA.
  4. Hydrogen powers the facility internally — it is generated and consumed on site to run the process, and is not sold as offtake.