Project Greenland for Global Water Security

Freshwater market analysis
June 2023
Thomas Schumann Capital:
Project Greenland and
Project Alaska

PwC │Thomas Schumann Capital: Investment for Glacier Freshwater Solutions
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MENA is the world’s most freshwater-scarce region
There simply isn't enough freshwater in these regions to support the demands for sustainable
freshwater for human and commercial consumption
MENA needs sustainable, reliable, long-term freshwater
security urgently
6.3% of global population. Only 1% of the world’s freshwater

Currently only Qatar and KSA lead on global freshwater
security
Qatar is the world’s only nation possessing Water Security Mega Reservoirs
According to the Guinness World Records, Qatar's mega reservoirs are officially the largest
of their kind in the world with seven full days of water security.
KSA established the first global water organization of an Arab nation in 2023
Saudi Crown Prince Mohammed Bin Salman has announced the establishment of the
Global Water Organization (GWO) as part of a plan to position the kingdom as a global
leader in addressing the pressing challenges related to global water supply.

The challenge: the global demand for freshwater is projected to outstrip supply by 40% by 2030.
The solution: Project Greenland and Project Alaska
Projects Greenland and Project Alaska advance the UN SDG 6 "Global Water Security“ and SDG 13 "Climate
Action" by capturing melting pristine glacier freshwater and transferring earth's most precious resource to
drought-stricken regions.
This solution enables the mitigation of sea level rise and advances global freshwater security.
This initiative serves as a foundation for addressing pressing challenges across diverse sectors: drinkable
water supply, humanitarian relief efforts, industrial operations, commercial enterprises, agricultural
sustainability, and energy requirements.
To support this initiative, Thomas Schumann also developed the following initiatives:
• TSC Water Security Index, the world’s 1st equity index family for global capital markets
• Thomas Schumann Water Security Fund, the world’s 1st fund to advance SDG #6
"Global Water Security“
Thomas Schumann Capital offers freshwater solutions
Since 2011, Thomas Schumann Capital has developed solutions aligned with UN Sustainable Development Goals #6. SDG 6 seeks
to ensure safe drinking water and sanitation for all, focusing on the sustainable management of freshwater resources, wastewater,
and ecosystems and acknowledging the importance of an enabling environment.
May 2023│3

Perspective of the freshwater stock
Freshwater stock is increased by
Glacier Water or Desalination
May 2023│4
Existing
freshwater stock
Glacier water Desalination
Total freshwater stock
Water distribution
and process
Households Industries Agriculture
Used freshwater collection
Used freshwater treatment
Renewed freshwater stock
Groundwater or
precipitation
Glacier
Brackish and
seawater
Upstream
Midstream
Downstream
Increase in
freshwater stock
Market context
Increasing stress of the total freshwater stock:
• Increasing world population: The world population is
expected to reach 10 billion by 2050, organically growing the
demand for freshwater.
• New ways of living: Nearly 7 of 10 people will live in cities by
2050 (compared to 56% today), increasing water demand and
infrastructure in limited areas.
• Climate change: 2.4 billion people live in water-stressed
regions, which is rapidly growing and projected to reach 2.7
billion by 2030.
This supply-demand imbalance is driven by the increase in
population and climate change, which contributes to a decline in
the total freshwater stock.
• The freshwater market size is estimated at USD 843 Billion in
2022 and projected to reach USD 1,142 Billion in 2030.
• The competition is concentrated midstream and downstream
of the value chain. We observe an entry of new players and
an expansion of existing players.
• There is limited competition in the upstream value chain.
The stock of freshwater needs to increase to meet the
growing demand in water. The extraction of new freshwater
increases the supply and reduces the pressure on the overall
stock. Desalination technologies and glacier water harvesting
are the most mature and established technologies to improve the
total available freshwater stock. This report will focus on those
two promising technologies from a sustainable and economical
point of view.
The high-level water value chain highlights that most of the freshwater is recycled. Only
desalination and glacier water contributes to increase the total freshwater stock
PwC Analysis

Freshwater demand will outstrip supply by 40% by 2030
Desalination technologies and glacier freshwater harvesting are contributing to
increase the supply of freshwater
May 2023│5
The global demand for freshwater is projected to outstrip supply by 40% by 2030. This water stress can only be addressed by increasing the total
freshwater stock available on Earth. As of today, only two technologies exist desalination and glacier freshwater harvesting.
Desalination technologies refer to the process of removing salt and other
minerals from seawater or brackish water to produce freshwater.
However, desalination is not the most sustainable alternative to producing
freshwater:
• This technology is energy-intensive and still largely powered by fossil fuels.
• Desalinated water is expensive, and it is only economically practical for
high-valued uses in arid areas.
• The price of water is correlated to the energy prices.
• A sustainable management plan is required to mitigate the negative
externalities on the marine ecosystems and environment.
Glacier freshwater harvesting refers to the process of capturing and
utilizing the meltwater from glaciers as a water resource.
Glacier water provides a sustainable source of freshwater:
• Harvesting glacier water contributes to mitigating the global sea level
rise by capturing the water at the source before it flows to the ocean.
• The glacier water requires less water treatment than traditional
methods, resulting in lower energy consumption (and costs).
However, the transportation of freshwater to water-stressed regions
inevitably generates GHG emissions.
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Glacier freshwater is a solution to the water stress
Thomas Schumann Capital has five strategic licenses to exploit glacier water
concessions in Greenland and Alaska for eight trillion liters for the next 20 years
Sustainable solution:
• Glacier freshwater contributes to the SDG #6: Global Water Security.
• Glaciers represent approximately 10% of the world’s total freshwater
resources. Most of this resource is unused, and the freshwater flows into the
oceans without being used in human applications.
Political ambitions:
• Glacier water is an export resource that contributes to the financial
independence of remote areas and countries.
• The Greenland government granted licenses to 12 commercial licensees to
exploit the glacier water in a sustainable manner.
Economically viable:
• Successful commercialization initiatives of glacier water demonstrate the
economical viability of the product. For example, Inland Ice Water in
Greenland or Icelandic Glacial™ Water from Iceland.
• Pristine water: the melted surface water from the glaciers is pristine and does
not require any heavy treatments.
• Project Greenland (HoldCo for the projects in Greenland)
• Project Greenland has two licenses to exploit the freshwater from the glacier in
Greenland.
• It will supply freshwater for Europe and Middle East regions.
• Project Alaska (HoldCo for the project in Alaska)
• Project Alaska has one license to exploit the freshwater from the glacier in Alaska.
• It will supply freshwater for Asia and the Americas regions.
The total exploitation volume of 8 trillion liters for the next 20 years.
Project Greenland and Project Alaska are future-proof investments that are
getting traction. It contributes increasing the supply of freshwater globally:
While the global demand for freshwater is projected to outstrip supply
by 40% by 2030.
May 2023│6

Environmental considerations for glacier water harvesting
Glacier water harvesting is a sustainable solution that contributes to balancing the
global water supply-demand.
Thomas Schumann Capital is well aware of each of these considerations and
has been integrating them into every decision-making process to uphold
responsible and sustainable practices at all stages of the value chain.
Nevertheless
The process of glacier water harvesting involves either capturing melting water
from glaciers and entails the following environmental considerations:
Less processing and energy are
required to treat the water to
drinkable standards.
May 2023│7
Environmental
considerations
Provide a solution to water-
stressed regions and support the
local population and economy.
Climate change
adaption
Climate
consideration
Emissions
Prevent water from flowing into
the oceans, contributing to the
sea level rise.
Transport of freshwater to the
water-stressed regions
contributes to GHG emissions.

An experienced team to deliver the project
The team is composed of professionals with an extensive experience in the
freshwater industry
Thomas Schumann
CEO
• World expert on Global Water Security investment
solutions
• UN Leading expert of SDG 6 “Global Water Security”
Roxana Petre
Chair of the Board of Directors
Bert Mulder
Head of Global Sales
• Entrepreneur with a track record of launching
2 successful businesses
• Drinking- and freshwater specialist
• Specializes in water purification technologies
and drinking water production systems
Glacier Freshwater Solutions core team
Recognized experts support the core team
• Henrik Brandt (Co-founder & CEO of Inland Ice ApS)
• Robert Nagy (CEO & Co-Founder of KoldCo ApS)
• Martin Sandy Shalmi (Co-Founder of KoldCo ApS)
• Bruno Månsson (Co-Founder of KoldCo ApS)
• Charles Cartier (President and Co-Founder of Arctic Blue Waters Alaska Inc.)
• Fred Paley (Director and Co-Founder of Arctic Blue Waters Alaska Inc.)
Together the experts have an extensive experience in the following key areas:
• Developing business in the food and beverage sector with a special focus on drinks
• Glacier water harvesting and advising the government on sustainable water solutions
May 2023│9

An experienced team to deliver the project
The team is supported by experts in global finance and SDG6 Water Security
Dr. Upmanu Lall
Advisor
• Global Chief Economist, then Special Economic Advisor at Citigroup (2010-2019)
• Advisor to Goldman Sachs International (2005-2009)
• Chief Economist and Special Counselor to the President of the European Bank
for Reconstruction and Development (2000-2005)
Willem Buiter
Advisor
Key advisors and inspirations for the project
May 2023│10
• Director of the Columbia Water Center and the Alan and Carol Silberstein
Professor of Engineering
• Expert in Global Water Sustainability
• Editor in-chief of the Water Security Journal
Water as an Asset Class
“I expect to see in the near future a massive expansion of investment in the water sector,
including the production of fresh, clean water from other sources (desalination, purification),
storage, shipping, and transportation of water.
I expect to see a globally integrated market for freshwater within 25 to 30 years. […]
There will be different grades and types of fresh water, just the way we have light sweet, and
heavy sour crude oil today. Water as an asset class will, in my view, become eventually the
single most important physical-commodity-based asset class, dwarfing oil, copper, agricultural
commodities, and precious metals.”
Willem Buiter (2011)

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Project Greenland for Global Water Security

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