CARBOTURA
Decision Brief · Rhode Island ← All Documents
Executive Brief
Rhode Island · March 2026
The 2027 Synagro contract expiry at Woonsocket is contractually fixed — it defines a 24-month procurement window that closes at Q2 2026 and has no extension mechanism. One authorization preserves all options; delay forecloses the only in-state pathway.
The Situation

Rhode Island is paying to handle ~895,000 tons of manufacturing feedstock every year — with a single aging disposal point, a hard 2027 infrastructure deadline, and no in-state industrial alternative on the horizon.

The Woonsocket Thermal Conversion Facility — the state's primary regional sludge incinerator, serving 30+ municipalities — will lose its Synagro Technologies processing contractor in 2027. The City has voted unanimously to close the facility. Rhode Island statute prohibits combustion-based waste-to-energy incineration — a constraint that blocked every prior alternative for four decades. Carbotura's Advanced Circular Manufacturing facility is not a combustion facility. The MCR process operates in a closed, oxygen-free (anoxic), sub-atmospheric environment with zero combustion at any stage. ACM is classified NAICS 335991/325120/331410 (manufacturing) — not NAICS 562213 (solid waste combustion). Rhode Island's RIDEM reviews ACM under manufacturing facility permitting, not solid waste regulations. An EPA RCRA Solid Waste Exclusion Petition filed February 20, 2026 documents the federal basis for this manufacturing classification. The prohibition that eliminated every prior alternative does not apply here.

The Decision

What Rhode Island currently spends. The blended cost of disposing of the state's identified manufacturing feedstock — municipal solid waste, wastewater biosolids, incinerator ash, and legacy coal ash — is estimated at $101.67 per ton statewide. ESTIMATED That represents approximately $83.5 million in annual system-wide disposal cost on the identified streams, and it escalates at approximately 3% per year with no mechanism to reduce it. When the Woonsocket incinerator exits in 2027, municipalities without an alternative face out-of-state disposal at $89–160+ per ton — a cost already being paid by at least one RI municipality today.

What Carbotura offers. Carbotura proposes a 30-year Circular Operating Agreement to site, finance, build, and operate a Circular Materials Manufacturing Facility in Rhode Island — at zero state capital obligation. The facility converts the state's existing manufacturing feedstock into domestic industrial materials: carbon products, hydrogen, and ultrapure water. Rhode Island's only financial commitment is a Total Materials Conversion (TMC) Fee of $100 per ton — at or below the current blended disposal cost — with a Circular Royalty flowing back to the state beginning 13 months after first operations. This is a Build-Own-Operate structure. Private capital leads. The state does not fund the facility.

Timeline alignment. Under the Carbotura standard deployment schedule, a Community Feasibility Study authorized in Q2 2026 produces Phase Initial operations — at 400 TPD — by approximately Q2 2028, before the full 2027 sludge displacement crisis propagates to out-of-state routes. Phase Medium (800 TPD) follows at approximately Q4 2029; Phase Expanded (1,200 TPD) at Q4 2031. At Phase Expanded, the facility processes 396,000 tons per year — diverting 44% of identified state feedstock from the Central Landfill and extending its operational life by an estimated 15+ years without new landfill construction. ESTIMATED

Fiscal Position
Rhode Island — Net Fiscal Position by Period · Phase Initial (132,000 TPY)
Year 1 — Pre-Royalty
−$13.2M
State pays TMC Fee ($100/ton × 132,000 TPY). Zero Circular Royalty received. This is the pre-royalty period — it lasts exactly 12 months.
Month 13 — First Royalty
+$2.31M
First Circular Royalty arrives: $120/ton received on Month 1's TMC. TMC Year 2: $102.50/ton. Net: +$17.50/ton. Position crosses positive and holds.
Year 2+ — Steady State
+$17.50/ton
Royalty ($120/ton) exceeds TMC ($102.50/ton) by $17.50/ton. Both escalate annually; royalty grows faster by +1pp/year by design.
Year 30 — Compounding
+$91/ton
30-year cumulative net: ~$153M Phase Initial; ~$460M Phase Expanded. Both ESTIMATED

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

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

Circular Royalty payments begin 13 months after corresponding TMC Fee payments and ramp to full run-rate on a rolling basis. This is not an annual switch-on event — each TMC Fee payment generates a corresponding Circular Royalty payment 13 months later.

Fiscal Position Timeline — Per Ton · Phase Initial
The crossover happens at Month 13. From that point, the Circular Royalty exceeds the TMC Fee — and the gap widens every year.
PRE-ROYALTY Year 1 RAMP Mth 13+ STEADY STATE → COMPOUNDING Year 2 through Year 30 $0 −$100/ton TMC Royalty: $0 Month 13 crossover +$17.50 Yr 2 +$22 Yr 5 +$28 Yr 10 +$55 Yr 20 +$91 /ton Yr 30 30-YR NET ~$153M Phase Initial ESTIMATED
Per-ton net position by year: Royalty(m+13) = TMC(m) × Rate(m). Base 120%; +1pp/yr. TMC escalator 2.5%/yr. Phase Initial 132,000 TPY. 30-year cumulative net ~$153M. All figures ESTIMATED except hard deadline (VERIFIED). Source: Proposal + EIR.
Key Facts
ParameterValueSource
Addressable feedstock — Phase Initial 400 TPD · 132,000 TPY LOCKED
Total identified state feedstock ~895,000 TPY / 2,452 TPD EST RIRRC data + public sources
Current blended disposal cost (FWDC) ~$101.67/ton EST Modeled — Waste Study §3.3
TMC Fee — Year 1 $100.00/ton LOCKED
Gross cost displacement — Year 1/ton +$1.67/ton vs. current system EST EIR §4.1
Circular Royalty — Year 1 $0 — pre-royalty period (Months 1–12) LOCKED
Circular Royalty — lag 13 months after each corresponding TMC payment · rolling monthly LOCKED
Net position — Year 2 +$17.50/ton · +$2.31M/yr EST EIR §4.5
Net position — Year 30 +$91/ton · +$12.0M/yr EST EIR §4.5
30-year cumulative net — Phase Expanded ~$460M EST EIR §4.5
State capital obligation $0 — full BOO structure, private capital LOCKED
Hard deadline — Synagro contract expiry 2027 · contractually fixed VERIFIED — Valley Breeze March 2026
Procurement decision deadline Q2 2026 — Authorize Feasibility Study VERIFIED schedule
Phase Initial COD ~Q2 2028 (T0+24 months) EST Carbotura standard schedule
First Circular Royalty payment ~Q3 2029 (T0+37 months) EST 13 months after Phase Initial COD
Direct employment — Phase Initial / Expanded 120 FTE / 360 FTE EST Carbotura standard parameters
Landfill life extension — Phase Expanded +15+ years EST EIR §5.2 — diversion model
Annual sludge displacement avoided (post-2027) ~$5.2–7.5M/yr EST vs. out-of-state routes at $89–160+/ton
What Delay Costs

The irreversible event is the expiry of the Synagro Technologies processing contract at the Woonsocket Thermal Conversion Facility. This is a contractual date — not an estimate — and the City of Woonsocket has voted unanimously not to extend or replace it. It cannot be re-opened by state action.

If the Community Feasibility Study authorization slips past Q2 2026, Phase Initial COD moves past Q2 2028 — after the Woonsocket system exits. Municipalities already relying on that facility will have committed to multi-year out-of-state disposal contracts at $89–160+ per ton, locking in displacement costs that reduce the available Phase Initial feedstock and add ~$1.5 million in incremental state-system costs for each quarter of delay. ESTIMATED

At full Phase Expanded deployment, diverting 396,000 TPY from the Central Landfill reduces landfill intake by 44% — adding an estimated 15+ years of operational life to Rhode Island's only disposal facility without new landfill siting, community opposition, or capital appropriation. Every year that deployment delays is a year of landfill capacity consumed that cannot be recovered.

Why This Fits Rhode Island
"A controlled, modular industrial system that fits Rhode Island — not something that overwhelms it. Rhode Island does not need scale first. Rhode Island needs precision, cost control, and predictability. That is exactly what a phased Build-Own-Operate Circular Materials Manufacturing Facility provides: domestic production of industrial materials from feedstock the state already pays to handle, at a TMC Fee set at the minimum permitted rate, with a Circular Royalty designed to grow faster than the fee indefinitely. Classified NAICS 335991/325120/331410 — not NAICS 562213 — and reviewed by RIDEM as a manufacturing permit, this is the only structure that simultaneously resolves the 2027 crisis, produces domestic carbon materials and hydrogen, and generates a net positive fiscal return to the state."

Carbotura solves three live problems simultaneously: the Central Landfill capacity constraint — without new landfill expansion; the 2027 sludge infrastructure collapse — without the state funding a replacement; and the absence of advanced manufacturing capacity — without new industrial subsidies. At Phase Expanded, the facility produces domestic battery-grade synthetic graphite, green hydrogen, recovered metals, and aromatic hydrocarbons — all specification-grade manufactured commodities sold at commercial product prices. ACM creates 360 high-wage industrial jobs and generates an estimated $84 million in annual regional economic activity. Federal IRA credits strengthen the investment case: § 45V Clean Hydrogen Production Credits (up to $3.00/kg hydrogen produced), § 45Q Carbon Capture Credits (Ash Carbonation), and § 45X Advanced Manufacturing Production Credits (battery-grade graphite + critical minerals) — all requiring manufacturing NAICS classification, which ACM holds. ESTIMATED

Stakeholder Alignment — Community Feasibility Study engages all five
RI Commerce Corporation Dept. of Environmental Management (DEM) Office of Energy Resources (OER) RI Infrastructure Bank Quonset Development Corporation
One Action Required
Authorize the Community Feasibility Study
Authorization deadline: Q2 2026

The Community Feasibility Study is the only decision required today. It commits no capital, creates no disposal obligations, and does not execute the COA. It produces the verified cost data, confirmed site designation, and refined TPD allocation needed to advance to a Circular Operating Agreement. Duration: 3 months. Carbotura absorbs the study costs.

The Feasibility Study confirms:
  • Verified FWDC — replaces the modeled $101.67/ton planning figure with contracted disposal rates
  • Site designation — P1 (Johnston/RIRRC campus) confirmed or P2/P3 selected
  • Stream allocation — precise Phase Initial TPD breakdown across MSW and sludge
  • Regulatory pathway — DEM/EPA coordination, RIRRC site agreement framework, permitting timeline
  • Agency alignment — RI Commerce, OER, and RI Infrastructure Bank coordination confirmed
Contact Carbotura: info[at]carbotura.com · carbotura.com
Key data sources: Rhode Island Resource Recovery Corporation, operational data and public documents (rirrc.org) · Narragansett Bay Commission, facility specifications (narrabay.com) · Rhode Island Current, "RI Lawmakers Look for Solution" (Feb. 25, 2026) · Valley Breeze, Woonsocket incinerator / Synagro contract (March 2026) · RI Monthly, "Why Rhode Island Is All Stopped Up" (Feb. 2026) · ecoRI News, "Rhode Island's Last Landfill Is Running Out of Room" (April 2, 2025) · RIRRC 2018 Long-Range Solid Waste Management Study · EPA Superfund Site Information — Central Landfill (epa.gov).

Financial projections: Carbotura Circular Advantage modeling. TMC Fee formula, Royalty structure, and CapEx parameters: Carbotura standard contractual parameters per MI v3.0 — locked. All financial figures marked ESTIMATED unless otherwise noted. Hard deadline (2027 Synagro contract expiry) marked VERIFIED per public reporting. Contact: info[at]carbotura.com
This brief contains forward-looking statements and financial projections based on planning-basis assumptions. Actual costs, revenues, and timelines may differ materially from estimates presented. FWDC figures are modeled and subject to verification through the Community Feasibility Study. Circular Royalty projections apply the locked contractual formula to estimated throughput and escalation parameters; actual royalty receipts depend on verified feedstock volumes and confirmed COA execution. Carbotura makes no representation that any specific financial outcome will be achieved. This document does not constitute financial advice, legal advice, or a binding commitment. All figures marked ESTIMATED carry data confidence limitations described in the full Waste Study and Environmental & Investment Review. This brief is an action instrument — it is intended to inform the decision to authorize a Community Feasibility Study, not to substitute for that study's verified findings.
Was this Brief useful?