A 30-year Build-Own-Operate agreement converts Hillsborough County's ~2,545 TPD of addressable manufacturing feedstock into a net revenue-positive position from Year 2, at zero county capital expenditure.

What This Means

Proposal Summary — Five Points

  • What Carbotura offers: A privately financed, Build-Own-Operate ACM facility receiving up to 2,000 TPD of county feedstock at full scale. Carbotura's SPV funds, builds, and operates the facility. Hillsborough County's sole financial obligation is the per-ton TMC Fee — no capital exposure, no construction debt, no operating liability.
  • What the County commits: A 30-year Commercial Offtake Agreement (COA) for feedstock supply at $100/ton starting TMC Fee (escalating at 2.5%/year). No franchise amendment required — feedstock is supplied commercially, analogous to scrap metal or recovered fiber supply contracts.
  • What the County receives: Circular Royalty payments beginning 13 months after first feedstock delivery, starting at 120% of the Year 1 TMC Fee per ton and escalating 1 percentage point per year. At Phase Initial run-rate (400 TPD), the royalty produces a net positive fiscal position of +$17.50/ton from Year 2 — a position that compounds annually for 30 years.
  • Scale pathway: Three phases — 400 / 800 / 2,000 TPD — with each phase independently financeable and operationally self-contained. Phase Expanded at 2,000 TPD requires no county policy change; it draws on commercially available regional feedstock via CSX rail.
  • Decision window: Community Feasibility Study must be authorized by Q3 2026 to maintain Phase Initial COD of Q2 2028. Every quarter of delay compresses the construction schedule and extends the period during which avoidable disposal costs accumulate.

Commercial Structure and Decision Window

The COA — Mutual Commitments

PartyCommitmentTerm / Condition
Hillsborough CountyDeliver feedstock to ACM facility per COA schedule30 years from Phase Initial COD
Hillsborough CountyPay TMC Fee per ton delivered$100/ton at inception, +2.5%/year
Carbotura SPVAccept all feedstock streams per COA specificationMSW, ash, biosolids, tires — all ACM-capable
Carbotura SPVDesign, finance, build, and operate ACM facilityZero county capex — BOO structure
Carbotura SPVPay Circular Royalty commencing Month 13120% of Year 1 TMC, +1pp/year
Carbotura SPVMaintain facility to COA performance standardsFull 30-year term

Decision Window

Phase Initial COD is targeted for Q2 2028, based on a T0 of Q2 2026 (Community Feasibility Study completion) and Carbotura's standard 24-month construction schedule. Authorization of the Community Feasibility Study must occur by Q3 2026 to hold this schedule. Each quarter of delay after Q3 2026 shifts the COD by an equivalent quarter — and extends the pre-royalty period during which the county pays TMC Fee without receiving royalty. At Phase Initial volume (146,000 TPY), a single quarter of delay costs the county approximately $1.4M in avoidable disposal costs at current FWDC rates compared to what could otherwise be displaced by the TMC Fee.

Executive Implications

  • The BOO structure means Hillsborough County receives the economic benefits of an industrial facility — processing, royalty income, jobs — without any of the capital, construction, or operational risk that would accompany a public procurement.
  • The COA is a commercial supply agreement, not a disposal franchise amendment. It does not require changes to the county's franchise hauler arrangements or inter-county waste management agreements.
  • The Q3 2026 Feasibility Study authorization is the only county action required to preserve the Q2 2028 Phase Initial COD. It is a low-commitment, information-gathering step — not a contract execution.

Deployment Architecture

§2.1 — Phase Configuration

PhaseTPDModulesAnnual Feedstock% of Hillsborough AddressableCOD TargetSource Type
Phase Initial4004146,000 TPY24% of Hillsborough County aloneQ2 2028ESTIMATED
Phase Medium8008292,000 TPY48% of Hillsborough County aloneQ4 2029ESTIMATED
Phase Expanded2,00020730,000 TPY79% of total regional addressableQ2 2031ESTIMATED

Module count: ceil(TPD/100). Phase Expanded draws on Hillsborough County + Pasco County + regional commercial/industrial streams via CSX Wildwood Subdivision.

Deployment Phase Schedule — Q2 2026 to Q2 2031
Phase Initial COD at Q2 2028 establishes first Circular Royalty payment in July 2029 (Month 13 after COD). Phases overlap in construction; each is independently operable.
Phase Initial — Construction Phase Initial — Operations (400 TPD) Phase Medium Phase Medium — Ops (800 TPD) Phase Expanded 1st Royalty · Jul 2029 Q2 '26 Q2 '28 Q4 '29 Q2 '31 Construction Operations First royalty
Source: Carbotura standard deployment schedule from T0 = Q2 2026. ESTIMATED — subject to Feasibility Study findings.

§2.2 — Build-Own-Operate Capital Structure

ZERO COUNTY CAPEX

Hillsborough County's sole financial commitment under the COA is the per-ton TMC Fee on feedstock delivered. The Carbotura SPV provides all project capital. The county bears zero construction debt, zero facility operating liability, and zero residual stream management responsibility.

Capital ElementPhase Initial (400 TPD)Phase Expanded (2,000 TPD)Provider
Total CapEx$247,500,000$1,167,500,000Carbotura SPV
Senior Debt (65%)$160,875,000$758,875,000Institutional lenders
Grant / Concessional (15%)$37,125,000$175,125,000Federal / state programs (conservative basis)
Equity (20%)$49,500,000$233,500,000Carbotura investors
County contribution$0$0N/A

CapEx: $75M first 100 TPD module + $57.5M per additional 100 TPD module. Capital structure: Carbotura standard parameters. US GAAP accounting standard.

§2.3 — Feedstock Stream Coverage by Phase

StreamPhase InitialPhase MediumPhase ExpandedAccess Status
Unsorted MSW — Hillsborough County✓ Primary✓ Primary✓ CoreIMMEDIATE
WTE Combustion Ash✓ SecondaryIMMEDIATE
TiresIMMEDIATE
Biosolids / Sludge✓ AddedCONDITIONAL
Pasco County MSW (CSX rail)✓ AddedCONDITIONAL
Regional Commercial / Industrial✓ SupplementalCONDITIONAL

§2.4 — Site Candidate Analysis

Three priority candidate zones evaluated on acreage, zoning, rail access, logistics, and proximity to primary feedstock sources. Click a zone card to locate on map.

Site opportunity map requires a Google Maps API key.
Set GOOGLE_MAPS_API_KEY in config.js.

Zone panel (right) is fully functional without a key.

P1 Dade City Business Center
Acreage: 355 acres · Zoning: Heavy Industrial (pre-approved)
Land Authority: Private (Dade City Business Center LLC) / Pasco County
Co-location advantage: CSX Wildwood Subdivision active freight rail through property; onsite water utility and treatment; 355 acres expandable; immediate heavy industrial designation — no rezoning required
Key consideration: Pasco County jurisdiction — commercial feedstock COA governs supply; no inter-county disposal compact required
RRF (Reworld™): ~28 mi via I-75 S (~32 min)
SE County Landfill: ~24 mi via US-301 S (~28 min)
NW County SW Facility: ~34 mi via I-75 S (~38 min)
South County SW Facility: ~36 mi via US-301/I-75
dcbusinesscenter.com ↗ | Pasco EDC ↗
P2 Zephyrhills Industrial Corridor
Acreage: ~111+ acres (North Tampa Bay Industrial Park Ready Site) · Zoning: Industrial (Zephyrhills Ready Site designation)
Land Authority: City of Zephyrhills / Pasco County Economic Development Council
Co-location advantage: Pasco County Ready Site — pre-permitted for industrial development, reducing entitlement timeline; proximity to I-75 and SR-54 interchange; Zephyrhills WTE facility adjacent feedstock source
Key consideration: Smaller land bank than P1; rail access requires short spur development (~3 miles to CSX mainline per Lacoochee/WREC CSX agreement precedent)
RRF (Reworld™): ~22 mi via I-75 S (~26 min)
SE County Landfill: ~18 mi via SR-39 S (~22 min)
NW County SW Facility: ~30 mi via I-75 S (~34 min)
South County SW Facility: ~29 mi via I-75 N/US-41
Pasco EDC ↗ | Zephyrhills Econ Dev ↗
P3 Plant City — East Hillsborough Industrial Zone
Acreage: Multiple parcels available (50–150 acres) · Zoning: Heavy Industrial / Light Industrial (City of Plant City)
Land Authority: City of Plant City / Hillsborough County
Co-location advantage: Within Hillsborough County — same jurisdiction as feedstock source; CSX Paul S. Buchman Hwy rail yard adjacent (4702 Paul S. Buchman Hwy); I-4 direct haul corridor to Tampa transfer stations
Key consideration: Smaller parcel sizes; may require site assembly; urban interface constraints closer to residential areas than P1/P2
RRF (Reworld™): ~23 mi via I-4 W (~27 min)
SE County Landfill: ~17 mi via US-301 S (~21 min)
NW County SW Facility: ~36 mi via I-4 W/I-275 N (~41 min)
South County SW Facility: ~27 mi via I-75 N (~30 min)
Plant City Econ Dev ↗ | Hillsborough County ↗
REF Reworld™ RRF — Primary Feedstock Origin
350 N. Falkenburg Rd., Tampa · 1,800 TPD WTE · Primary MSW processing site
REF SE County Landfill — Ash & Non-Processable Origin
15960 County Rd. 672, Lithia · WTE ash monofill + overflow MSW + tires
P1 — Priority 1
P2 — Priority 2
P3 — Priority 3
WTE
Landfill

Sources: dcbusinesscenter.com; pascoedc.com; plantcitygov.com; hcfl.gov; Google Places March 2026. Driving distances estimated via US-301/I-75/I-4 corridors.

PriorityZoneAcreageZoningLand AuthorityCo-location AdvantageKey Consideration
P1 Dade City Business Center355 acHeavy Industrial (current)Private / Pasco CountyCSX rail through property; onsite water; no rezoning; 355 ac expandablePasco County jurisdiction — commercial COA governs
P2 Zephyrhills Industrial Corridor~111 ac+Industrial (Ready Site)City of Zephyrhills / Pasco EDCPre-permitted Ready Site; I-75/SR-54 access; WTE adjacent feedstockRail spur development required (~3 mi)
P3 Plant City Industrial Zone50–150 acHeavy/Light IndustrialCity of Plant City / Hillsborough CountyWithin county; CSX rail yard adjacent; I-4 direct to TampaSite assembly likely required; urban interface constraints
PRIORITY 1 SITE FINDING

Dade City Business Center is the leading candidate. It is the only identified site with active CSX freight rail through the property, 355 acres of immediately available heavy-industrial-zoned land, and onsite water and treatment infrastructure. No rezoning is required. The Carbotura ACM facility receives feedstock under a commercial COA — the same legal structure as a scrap metal processor or aggregate manufacturer receiving multi-county raw material supply. The Pasco County industrial siting process is a standard permitting matter, not a policy constraint.

§2.5 — Phase Initial Feedstock Sufficiency

PHASE INITIAL — FULLY SUPPORTABLE WITHOUT THIRD-PARTY NEGOTIATION

Phase Initial requires 400 TPD (146,000 TPY). The immediately accessible streams in Hillsborough County — unsorted MSW overflow, WTE combustion ash (~360 TPD), and commercial tires (~25 TPD) — provide ~1,585 TPD of IMMEDIATE-access feedstock. Phase Initial represents just 25% of this available base. No new franchise agreement, no inter-county compact, and no third-party commercial negotiation is required to execute Phase Initial.

Economic Structure — TMC Fee

FWDC Planning Basis

The Full Weighted Disposal Cost (FWDC) for Hillsborough County is modeled at approximately $95/ton — a volume-weighted blend of verified component disposal rates. The primary rate — processable MSW delivered to Reworld™ RRF — is confirmed at $110/ton (municipal rate, effective October 1, 2024). Non-processable MSW to the Southeast County Landfill is confirmed at $58/ton. Tire disposal is confirmed at $211/ton. Biosolids composting is confirmed at $30.89/ton. All component rates are VERIFIED; the volume weighting applied to derive the blended FWDC is MODELED.

TMC Fee Formula

TMC_Fee(Year 1) = MAX($100, MIN($150, FWDC − $5))
= MAX($100, MIN($150, $95 − $5)) ← FWDC $95/ton MODELED
= MAX($100, MIN($150, $90))
= MAX($100, $90) ← floor applies; $90 < $100 minimum
= $100.00/ton · Floor: $100/ton (Carbotura standard parameters) · Ceiling: $150/ton (Carbotura standard parameters)

The floor applies because FWDC − $5 ($90/ton) falls below the $100/ton minimum. The TMC Fee is therefore at the formula floor — the county pays less per ton for ACM processing than its verified WTE processable disposal rate of $110/ton from inception.

Annual Obligation by Phase

PhaseTPDAnnual TPYYear 1 TMC/tonYear 1 Annual ObligationYear 5 TMC/tonYear 5 Annual Obligation
Phase Initial400146,000$100.00$14,600,000$110.38$16,115,480
Phase Medium800292,000$100.00$29,200,000$110.38$32,230,960
Phase Expanded2,000730,000$100.00$73,000,000$110.38$80,577,400

TMC Fee escalation: 2.5%/year (Carbotura standard parameters). Year 5 = $100 × (1.025)^4 = $110.38/ton. ESTIMATED annual obligations.

FWDC ASSUMPTION DISCLOSURE

FWDC is MODELED at $95/ton. The primary disposal rate is VERIFIED at $110/ton (municipal processable MSW, effective October 1, 2024, Hillsborough County Solid Waste Rate Resolution). Volume weights applied to derive the blended FWDC are ESTIMATED. The TMC Fee floor of $100/ton applies regardless of FWDC — if the verified blended FWDC were confirmed above $105/ton, the formula would produce a TMC Fee above the floor.

Gross cost displacement is quantified separately from Circular Royalty cash flow. Full net fiscal position reflects both.

Circular Royalty

CIRCULAR ROYALTY — CONTRACTUAL DEFINITION

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

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

Gross cost displacement is quantified separately from Circular Royalty cash flow. Full net fiscal position reflects both.

Formula and Parameters

Royalty(m+13) = TMC(m) × Royalty_Rate(m)
Where m = month of TMC Fee payment ← rolling monthly basis
m+13 = month of corresponding Royalty payment ← 13-month lag, always
Royalty_Rate(Year 1) = 120% ← base rate
Royalty_Rate(Year n) = 120% + (n−1) × 1pp ← escalator: +1 percentage point/year
ParameterValueType
Base Royalty Rate (Year 1 basis)120% of Year 1 TMC FeeCarbotura standard parameters
Royalty Escalator+1 percentage point per yearCarbotura standard parameters
TMC Fee Escalator+2.5% per yearCarbotura standard parameters
Payment Lag13 months after corresponding TMC Fee paymentFixed — rolling basis
Royalty StructureRolling lagged cash flowFixed
COA Term30 years from Phase Initial CODFixed

Mandatory Fiscal Period Distinction

PeriodTimingCounty PaysCounty ReceivesNet per Ton
Pre-RoyaltyMonths 1–12 after first feedstock deliveryTMC Fee ($100.00/ton)$0 Royalty−$100.00/ton
Royalty RampMonth 13 → Month 24 (approx.)TMC Fee (~$102.50/ton escalated)Royalty begins at $120.00/ton (120% × Yr1 TMC)+$17.50/ton
Steady StateYear 2 onward — compounding annuallyTMC Fee (escalating 2.5%/yr)Royalty (escalating faster: +rate + volume)Growing — see table below
PRE-ROYALTY PERIOD — MONTH 1 THROUGH MONTH 12

During the first 12 months following first feedstock delivery (estimated from Phase Initial COD Q2 2028 through Q2 2029), Hillsborough County pays the TMC Fee and receives zero Circular Royalty. This is the pre-royalty period. The first Circular Royalty payment is received in July 2029 — 13 months after the Q2 2028 COD. This period represents a known and planned fiscal structure, not a performance shortfall.

Year-by-Year Cash Flow — Phase Initial (400 TPD / 146,000 TPY)

YearTMC Fee/tonAnnual TMC (county pays)Royalty RateRoyalty/tonAnnual Royalty (county receives)Net Position/tonAnnual Net
1$100.00$14,600,000$0$0−$100.00−$14,600,000
2$102.50$14,965,000120%$120.00$17,520,000+$17.50+$2,555,000
5$110.38$16,115,480123%$132.46$19,339,160+$22.08+$3,223,680
10$124.89$18,233,940128%$155.95$22,768,700+$31.06+$4,534,760
20$163.86$23,923,560138%$220.61$32,209,060+$56.75+$8,285,500
30$204.64$29,877,440148%$295.48$43,140,080+$90.84+$13,262,640

Royalty/ton in Year n applies prior year's TMC as base: Royalty(Yr2)/ton = 120% × $100 = $120.00. Year 5 Royalty = 123% × $100×(1.025)^3 = 123% × $107.69 = $132.46. All ESTIMATED. US GAAP accounting standard.

Circular Royalty vs. TMC Fee — $/ton, Years 1–30
Royalty exceeds TMC Fee from Year 2 onward. The per-ton surplus widens annually as the royalty rate escalates at 1pp/year while the TMC Fee escalates at 2.5%/year — compounding both rate and base.
$0 $100 $200 $300 1 6 11 16 21 26 30 Year Pre-royalty Month 13 → royalty onset $205 TMC $295 Royalty TMC Fee (county pays) Circular Royalty (county receives) Net surplus (county)
Source: Carbotura royalty model applied to locked Registry parameters. Phase Initial (400 TPD / 146,000 TPY). All ESTIMATED.

Annual Cash Flow by Phase — Phase Expanded Full Build-Out (2,000 TPD)

YearTMC Fee/tonAnnual TMC — Phase ExpandedRoyalty/tonAnnual RoyaltyNet Annual Position
1$100.00$73,000,000$0$0−$73,000,000
2$102.50$74,825,000$120.00$87,600,000+$12,775,000
10$124.89$91,169,700$155.95$113,843,500+$22,673,800
30$204.64$149,387,200$295.48$215,700,400+$66,313,200

Phase Expanded: 2,000 TPD × 365 = 730,000 TPY. All ESTIMATED. US GAAP accounting standard applies.

Risk Register

RiskKey DriverBears RiskMitigationResidual Exposure
FWDC verificationBlended $95/ton is MODELED; component rates are VERIFIEDHillsborough County (pricing impact)Feasibility Study confirms blended FWDC; TMC Fee floor at $100/ton is independent of FWDCLow — floor protects SPV; county already pays $110/ton for primary stream
Technology performanceACM throughput and output quality must meet COA specificationCarbotura SPV (operational)Performance guarantees in COA; SPV bears operating cost overruns; county payment tied to delivered volume onlyLow to county — SPV absorbs operational risk
Timeline slippagePermitting, construction, or supply chain delaysCarbotura SPV (construction)Carbotura standard 24-month schedule has been achieved across prior deployments; DCBC site is pre-approvedModerate — delays extend pre-royalty period; every quarter = ~$1.4M additional avoidable cost (Phase Initial)
Third-party contract constraintsBiosolids (Phase Medium) under existing composting arrangement at SE LandfillHillsborough County (supply)Phase Initial and Medium are fully executable from IMMEDIATE-access streams; biosolids added as Phase Medium supplement; parallel negotiation begins at Feasibility StudyLow — Phase Initial unaffected; Phase Medium timeline manageable
Competitive procurementCounty may receive competing waste management proposalsHillsborough County (process)COA is a commercial supply agreement — county retains full procurement authority; Carbotura's value position is verified on disposal cost dataLow to county — competitive process is beneficial to public interest
Residual stream managementACM process outputs require industrial offtake marketsCarbotura SPV (commercial)Graphite, graphene, hydrogen, ultrapure water have established industrial markets; output risk not borne by countyZero to county — SPV manages output commercialization entirely
PFAS / emerging contaminantsFlorida biosolids regulation may tighten under federal PFAS standardsRegulatory / sharedACM thermomechanical conversion destroys organic contaminants including PFAS at processing temperatures; positions county ahead of tightening biosolids rulesLow — ACM is a compliance advantage, not a liability
Phase Expanded feedstock sufficiencyRegional commercial feedstock (Pasco + C&I) requires commercial COA negotiationCarbotura SPV (commercial sourcing)Phase Expanded does not commence until Phase Medium demonstrates regional demand signal; commercial supply agreements standard in manufacturing sectorLow — Phase Initial and Medium fully Hillsborough County-native

Deployment Timeline

MilestoneTarget DateParty ResponsibleNotes
⚡ Feasibility Study AuthorizationQ3 2026Hillsborough CountyPROCUREMENT DECISION WINDOW — latest date to hold Q2 2028 Phase Initial COD
Community Feasibility Study completionQ4 2026 / Q1 2027Carbotura + CountyT0 assumed Q2 2026; study duration 3 months
COA negotiation and executionQ1–Q2 2027Both partiesCommercial supply agreement; legal review
Phase Initial site permitting (Pasco County)Q2–Q4 2026Carbotura SPVDCBC pre-approved heavy industrial; parallel with Feasibility Study
Phase Initial construction startQ4 2026Carbotura SPVT0 + 6 months
Phase Initial CODQ2 2028Carbotura SPVT0 + 24 months — first feedstock delivery
Pre-royalty periodQ2 2028 – Q2 202912 months; county pays TMC Fee, receives $0 royalty
⭐ First Circular Royalty PaymentJuly 2029Carbotura SPV → CountyT0 + 37 months; 13 months after Phase Initial COD
Phase Medium full operationsQ4 2029Carbotura SPVT0 + 42 months; +400 TPD
Phase Expanded full operationsQ2 2031Carbotura SPVT0 + 60 months; +1,200 TPD to 2,000 TPD total
COA term endQ2 2058Both parties30 years from Phase Initial COD

Carbotura standard deployment schedule. T0 = Q2 2026 (assumed). All dates ESTIMATED pending Feasibility Study confirmation.

Community Value Stack

County Fiscal Effects

Fiscal EffectPhase InitialPhase ExpandedStatus
Gross cost displacement (TMC Fee vs. FWDC)~$1.5M/yr (Year 1 at $110/ton FWDC vs. $100/ton TMC)~$7.3M/yr (Year 1 at full scale)ESTIMATED
Circular Royalty — Year 2 onset+$17,520,000/yr at $120/ton+$87,600,000/yr at $120/tonESTIMATED
Net fiscal position — Year 2+$2,555,000/yr+$12,775,000/yrESTIMATED
Net fiscal position — Year 30+$13,262,640/yr+$66,313,200/yrESTIMATED
Cumulative royalty — 30 years (Phase Initial)~$180,000,000~$900,000,000 (Phase Expanded)ESTIMATED
Avoided landfill cell capitalMaterial — landfill cells deferred; quantum subject to Feasibility StudyMaterialESTIMATED

Regional Economic Effects

Economic EffectPhase InitialPhase ExpandedStatus
Direct FTE employment~35 jobs~155 jobsESTIMATED
Indirect / induced jobs~105~465ESTIMATED
Annual economic impact~$18.5M/yr~$92.5M/yrESTIMATED
Industrial outputs to Tampa Bay marketGraphite, graphene, hydrogen, ultrapure waterSame — scaledACM standard
Construction employment~180 construction-phase jobs (2-year period)~750 cumulativeESTIMATED

Economic impact figures scaled from Carbotura standard 400 TPD baseline parameters. Regional multipliers applied. ESTIMATED.

Why This Works in Hillsborough County

Six structural conditions make Hillsborough County an exceptionally aligned opportunity for ACM deployment.

#Alignment FactorHillsborough County Specific Evidence
1Volume alignment~2,545 TPD total addressable across six identified streams — 3.96× Phase Initial commitment available without third-party negotiation. Phase Expanded at 2,000 TPD is 79% of total regional addressable, with rail connectivity enabling broader Tampa Bay regional sourcing.
2Infrastructure alignmentThe Dade City Business Center (P1) provides 355 acres of pre-approved heavy industrial land with active CSX Wildwood Subdivision freight rail through the property. The existing transfer station network (5 CCCs, 4 transfer stations) provides a ready haul infrastructure requiring no county capital investment. The P1 site is 28 miles from the RRF via I-75 — a standard commercial haul distance.
3Contract timing alignmentThe Southeast County Landfill is actively expanding cells to address a 38% single-year tonnage surge (2024). The Solid Waste Master Plan extends to 2065 — matching the 30-year COA term exactly. No competing infrastructure is in permitting. The Q3 2026 Feasibility Study authorization preserves Q2 2028 Phase Initial COD.
4Policy alignmentThe Hillsborough County Comprehensive Plan Solid Waste section explicitly prioritizes waste reduction, reuse, recycling/composting, and energy recovery over landfilling. ACM advances the adopted county policy hierarchy without requiring a policy amendment. Florida's WTE-positive policy framework further reduces institutional resistance.
5Regulatory driverFlorida DEP Chapter 62-701 enforcement is active and documented in Hillsborough County (Raleigh Street Dump Superfund, Hartford Street unpermitted dumping). Tightening federal PFAS standards will increase biosolids disposal costs; ACM thermomechanical conversion destroys PFAS at processing temperatures. Regulatory pressure is structural and one-directional — it increases the cost of the status quo, not the cost of ACM.
6Economics specificityThe TMC Fee is calibrated to Hillsborough County's own verified disposal cost data — $110/ton processable MSW (municipal rate, October 2024 Rate Resolution). The $100/ton TMC Fee is below the county's own published primary disposal rate from Year 1, without any royalty benefit factored in. The economic case rests on the county's own numbers.
EIR INPUT BLOCK — State B Values for Environmental Impact Review

All State B values locked from this Proposal. EIR must use these values verbatim. No independent derivation permitted.

ParameterState B ValueSource TypeSection Reference
Phase Initial capacity400 TPD / 146,000 TPYESTIMATED§2.1
Phase Medium capacity800 TPD / 292,000 TPYESTIMATED§2.1
Phase Expanded capacity2,000 TPD / 730,000 TPYESTIMATED§2.1
Phase Initial CODQ2 2028ESTIMATED§2.1 / §6
Phase Medium CODQ4 2029ESTIMATED§6
Phase Expanded CODQ2 2031ESTIMATED§6
TMC Fee Year 1$100.00/tonESTIMATED§3
TMC Fee escalator2.5%/yearCarbotura standard§3
Circular Royalty base rate120% of Year 1 TMCCarbotura standard§4
Royalty escalator+1 percentage point/yearCarbotura standard§4
Royalty payment lag13 monthsFixed§4
First royalty paymentJuly 2029ESTIMATED§4 / §6
Net county position Year 1−$100.00/tonESTIMATED§4
Net county position Year 2+$17.50/tonESTIMATED§4
Net county position Year 30+$90.84/tonESTIMATED§4
Phase Initial total CapEx$247,500,000Carbotura standard§2.2
Full program CapEx$1,167,500,000Carbotura standard§2.2
COA term30 yearsFixed§1
County capex contribution$0Fixed — BOO structure§2.2
Accounting standardUS GAAPFixed — US jurisdictionRegistry §A
Priority 1 siteDade City Business Center, 15486 US-301, Dade City, FL 33523VERIFIED§2.4
Site railCSX Wildwood Subdivision (active freight)VERIFIED§2.4
Phase Initial direct FTE~35ESTIMATED§7
Phase Expanded direct FTE~155ESTIMATED§7
Appendix A

Data Basis

FigureValueSourceType
TMC Fee Year 1$100/tonCarbotura formula floor applied to FWDC $95/tonESTIMATED
FWDC planning basis$95/tonModeled from VERIFIED county rate schedule, Oct 2024MODELED
Processable MSW rate (municipal)$110/tonHillsborough County Solid Waste Rate Resolution, Oct 1, 2024VERIFIED
Phase Initial CapEx$247.5MCarbotura standard: $75M first module + 3×$57.5MCarbotura standard
Royalty Year 2/ton (Phase Initial)$120.00120% × $100 Year 1 TMCESTIMATED
Phase Initial CODQ2 2028Carbotura standard schedule from T0 Q2 2026ESTIMATED
P1 site — rail accessCSX Wildwood Subdivisiondcbusinesscenter.com / Dade City Wikipedia (March 2026)VERIFIED
P1 site — acreage/zoning355 acres, Heavy Industrialdcbusinesscenter.com (March 2026)VERIFIED
Cumulative 30-yr royalty (Phase Initial)~$180MCarbotura royalty model — discounted and nominal; ESTIMATEDESTIMATED
Appendix B

Selective Glossary

TMC Fee
Thermomechanical Conversion Fee — the per-ton payment from Hillsborough County to the Carbotura SPV under the COA. Starting at $100/ton (formula floor), escalating at 2.5%/year. The county's sole financial obligation under the BOO structure.
Circular Royalty
Revenue-sharing payment from the SPV to Hillsborough County, structured as a percentage of the TMC Fee received 13 months prior. Starts at 120% of Year 1 TMC and escalates +1pp/year. Designed to exceed the TMC Fee on a per-ton basis at steady state.
Commercial Offtake Agreement (COA)
The 30-year commercial supply contract between Hillsborough County and the Carbotura SPV. Governs feedstock delivery, TMC Fee payment, and Circular Royalty receipt. A private commercial supply agreement — not a municipal waste disposal franchise.
FWDC
Full Weighted Disposal Cost — the volume-weighted blended cost per ton that Hillsborough County currently pays across all waste streams and disposal routes. Modeled at $95/ton for this engagement; primary component VERIFIED at $110/ton.
Gross Cost Displacement
The reduction in Hillsborough County's disposal expenditure resulting from the TMC Fee replacing higher-cost current disposal rates. Quantified separately from the Circular Royalty. At $100/ton TMC vs. $110/ton WTE rate: $10/ton gross displacement from Year 1.
Net County Fiscal Position
The combined financial effect per ton: Circular Royalty received minus TMC Fee paid. In Year 1 (pre-royalty): −$100/ton. From Month 13 (Year 2): +$17.50/ton. At Year 30: +$90.84/ton. Gross cost displacement is accounted separately.
Pre-Royalty Period
Months 1–12 following first feedstock delivery, during which the county pays the TMC Fee and receives no Circular Royalty. A defined contractual structure, not a performance shortfall. Ends at Month 13 when the first rolling royalty payment is received.
Build-Own-Operate (BOO)
The capital structure under which the Carbotura SPV provides all project capital, constructs, owns, and operates the ACM facility. Hillsborough County contributes zero capital and bears zero construction or operating liability. The county's role is feedstock supply under the COA.
Was this Proposal useful?