Okay. It's 8:30 A.M., I think. I think we can basically kick off. Thanks everyone for joining this Circa Group quarterly presentation. Good morning to everyone in Norway. Bonjour to those in France. Good morning to those in the UK, and g'day to everyone in Australia. As we head towards the end of June, July of 2022, the Board of Management of Circa Group are very pleased to provide the first presentation of results for the three months from July to end of September. We'll address some of the key highlights, looking at how we got to where the business currently is, as well as talking about some upcoming developments. Thanks to Emma and Simon in this meeting. I'll give a brief introduction. Tone Leivestad, our CFO, will review the financials for the quarter, and Philipp Morgenthaler, Circa Group's Head of Manufacturing, will update you on progress on both the ReSolute plant, the ReSolute build, and any developments relating to the next planned plant, our greater than 10,000 plant with FC6. Thanks, Tone. First of all, the war in Ukraine and subsequent shortage of gas and other petroleum feedstocks in Europe is obviously having a detrimental effect on many markets, particularly as you may recently read, also Circa's competition. The traditional manufacturers and suppliers of solvents and chemicals in Europe. I've been saying for over a year now that the drive for more sustainable and lower carbon products has been and will cause some traditional chemical companies to struggle with their fossil-based business model. In fact, although all of the traditional companies are working to decarbonize and improve sustainability, we are now seeing two quite separate approaches. One group of these traditional manufacturers who are almost entirely dependent on fossil-based feedstocks are experiencing major risk to their business. As one example, are attempting to slow down introduction of some EU regulations while attempting to water down definitions of sustainability with EU regulators. Another group, on the other hand, of traditional chemical suppliers is using this situation as a major opportunity and are aggressively moving to reshape their business to incorporate the demands of markets for safer and more sustainable products. For Circa, this is a major opportunity in both long and short. We can provide some of the first group an opportunity to reduce CO2 and improve safety in their solvents in the short term. While a much greater and more sustainable opportunity for Circa is already developing, as demonstrated by recent approaches for long-term supply from Tier 1 and Tier 2 players focused on using sustainability as an opportunity. At the same time, we continue to receive very good support from French government agencies and the recent unanimous confirmation of a grant from CASAS. Now, CASAS represents more than 70 mayors from cities and towns around the ReSolute site. We've recently seen, as I said, a unanimous confirmation of a grant from CASAS to Circa to support the ReSolute development. Philipp will discuss in more detail both the ReSolute progress and the developments with Valmet, with other suppliers, and also update on personnel. Finally, I'd just like to comment on the work we are doing to bring the Circa people into a team that is a highly senior team to deal with the issues that we face at the moment. Firstly, the Board and senior management had a two-day strategy overview at Metz, which included a visit to the ReSolute site. This also included a visit by local Jean Rottner. Jean Rottner is the President of the Grand Est region where we are located. This was an opportunity for the board and management to sit down face-to-face for the first time and discuss progress, risks, issues, and gain a deeper appreciation of the work underway. Following this, we brought the wider Circa team together for a workshop based around the Circa's program that we discussed in earlier presentations. This involved a range of challenges, leadership programs, and problem-solving techniques. Both of these events proved the value of face-to-face discussions, and the benefits from both were already apparent. With that brief introduction, I would like to pass over now to Tone Leivestad to review the quarterly financials. Tone Leivestad? Sorry. We have published today the financial report for the third quarter. Here we have some of the highlights in the following slides. Starting with the personnel costs, where we can see that we are very much in our spending in line with the plan and the levels that we have been for a while. We have a very disciplined spend control and are keeping us very close to the plan. The revenue that we're having so far is related to Cyrene sales from our pilot plant in Tasmania. We do not expect any significant revenue before the startup of ReSolute. If we move to the balance sheet, we see that we, at the end of the third quarter, have a cash balance of EUR 39.5 million. This is in line with the plan. For the quarter, we had a cash spend of EUR 1.2 million, which is a balance of spending of EUR 2.5 million and a grant payment that was received from BBI of EUR 1.2 million. We do expect the spending to increase in the time to come from fourth quarter and onwards, as the work at ReSolute is commencing. The tangible assets of EUR 2.2 million that consists of ReSolute CapEx of almost EUR 4 million and a grant contribution of EUR 1.8 so far. On the equity side, we have an equity as per third quarter of EUR 37.2 million. The main item here in the balance sheet is all the current liabilities, which is prepayment of the BBI grant that was received from BBI. That's basically the situation. We are in line with the plans and both with cash spending and our expenses and expect to be picking up the volume and speed going forward. Over to Philipp. Hello, everyone. I'm pleased to give you an update on the progress on ReSolute. Tone, could you go to the next chart, please? The progress on ReSolute remains consistent with plan. We have a cost estimate of EUR 50 million-EUR 55 million, consistent with what we have communicated before. The start of our commissioning is planned for the end of the fourth quarter, 2023. We have hit a major milestone on the 4th of November with the signing of the equipment delivery contract with Valmet. Also the final negotiations with the vendors for distillation and hydrogenation packages are ongoing. We target the conclusion of these negotiations and contract signing for the end of this November. We also have issued the application for the construction exemption permit that has been issued to the prefect at the beginning of November. We expect approval for beginning of January, and with this exemption permit, we can start the site preparation. All works above and below one meter of the ground can start with that. The permitting and building construction and then the environmental permit those are under preparation and are scheduled to be submitted to the authorities at the beginning of December, also on track with the plans. We are discussing and finalizing the agreement with GazelEnergie, our host, about the lease, the utilities, and a labor agreement. Everything is well progressing and on track. Next chart, please, Tone. We have now concluded interviews with a potential site manager candidate and can announce that we had a new site manager for ReSolute starting yesterday. He has a vast background in the chemical industry, French national, and he joined us yesterday and will now help us to move forward with the ReSolute plant. We also are continuing our plans to set up an engineering team in the EU to support ReSolute, but then also the FC6 and further plants, continuing, ongoing. Also, for the preparation of the ReSolute work, we have finalized the coordination plan for the safety and health protection. This safety plan meets the requirements of the French Labor Code, has been written and has been issued, and will be issued to all contractors actually working at site to be in full compliance with the French laws. Also, discussions started down the road on the operation of the plant with a potential outsourcing of the plant maintenance to Valmet. With ReSolute being a first of its kind and with Valmet delivering the core piece of equipment, we feel it would be very valuable to have Valmet also take care of the maintenance of said equipment. These discussions are starting. Next chart, please, Tone. Way forward. We have signed also a conceptual engineering agreement with Valmet on the FC6. This work will start in January. We had a kick-off meeting for a joint R&D program between Circa and Valmet that has been agreed already earlier in order for us to develop and further improve the pyrolyzer boiler technology together. Kick-off meeting took place on the ninth of November, and the program will mainly be about the optimization of the pyrolyzer conditions, biomass feeding, process monitoring, and quality methods. A full package. Part of this team are some research partners Circa has. We have visited two potential sites in France with a local partner. That has been good. We are planning further visits to sites in additional European countries in the first quarter 2023. We'll have a set of potential locations for FC6 which we will bring forward to the board for decision. This is the update to FC6. Now, Tone, the next chart, please. This is a sketch of the ReSolute site. If we're starting from the top right, you see there, this is biomass storage and then the dryer. You see the small conveyor going into the tallest building on the site. This will be the location of the boiler and pyrolyzer unit from Valmet. The big square building in the middle, that is an existing building. Today, in there, we will have the electrical room and some other utilities housed. This building will be taken over. Down the road from that building, you see the distillation columns. Further to the left, you have the hydrogenation unit. At the very bottom left corner, this will be the hydrogenation storage. The building, the rectangular building there on top, south of the forest, this is also an existing building. It's currently a warehouse building. This building will be transferred to host the control room, the laboratory, canteen, offices, administration offices, and also small storage and maintenance warehouse. In the middle of the plant, you see there this will be the storage for the Cyrene. This is a sketch of the ReSolute plant as it will be. Next chart, please, Tone. This is a closer or bigger building here from... You see there, you see the dryer and then the conveyor going up into the core of the plant, of the Valmet boiler pyrolyzer building there with the Circa logo. The stack you see there on the right will be 35 meters high. As said, the building there in the background, that's the decobarge building, an existing building on the site here at the ReSolute in Carling. Now next chart, Tone. This is the boiler pyrolyzer building from the back where you still see the decobarge building. On the right of the decobarge building, again, the distillation units with the hydrogenation and storage. In front, the current warehouse, future maintenance warehouse, and office building. A view from the plant from the other side. A compact location here towards the north of the Émile-Huchet site, where Circa will be located. To conclude, we will now show you a little animation. You're not sharing, Tone. Thank you, Tone. With this video, I would like to hand it over back to Tony. You're on mute, Tony. Thanks. I mentioned earlier that we're making progress on market discussions for offtakes for FC6. At this stage, whether they're to be sold or ReSolute tonnage. However, the appointment of Nick Smith to facilitate the commercialization now provides opportunities to re-look in more depth and value of, and the value add of opportunities for Cyrene in FC5 plant in Tasmania and also the ReSolute plant. These could be product range extensions already being requested by the market. Issues like co-solvents, purity differentials, dry Cyrene, metal-free Cyrene, and those are things that business had already mentioned on the market, and they're issues that we're looking at at the moment. On top of that, over the next 12, 18 months, there's the opportunity to run on commercial opportunities for levoglucosenone derivatives we can make and supply ex our FC5 plant in Tasmania. ReSolute remains our core focus for the manufacturing team. However, as you just heard from Philipp, work is being undertaken not just for ReSolute, but with an eye for the next stage development FC6s. Our partnership with Valmet allows for this work to progress in parallel with the development of ReSolute, and we are very pleased the way this partnership with one of the world's largest and most experienced manufacturers of bio-process equipment is adding value to Circa and shortly, Circa, the route to scale. Now, finally, a word about the share price. I'm not allowed to make any comments relating to buying or selling, and I'm not going to. Obviously, at the moment, we are certainly riding a share market trough and some considerable geopolitical turmoil. I will say, however, that the fundamentals in Circa are stronger, much stronger now than they've ever been. Our progress is very good in both the scale-up building program and market interest, and government and ongoing regulatory support. I'm being careful and very conservative with what I'm saying here. Look, this is. If you want to test out there whether Cyrene has got any legs or whether what I'm talking about and we talk about is rubbish, just type Cyrene solvent into Google. It'll only take you a second, and then have a look at the number of results that come up. I did this about an hour and a half ago, and the answer is 49,000. I would suggest to you at the moment that our work, the work we've been doing with Cyrene over the last two, three years is getting results. Like, we're on, as I said, 50,000 results, and you just type those two words into Google. We're seeing that in the market. We can't necessarily talk about everything we're seeing in the marketplace at the moment, but it's largely a reasonable indication to everyone. From us, thanks to everyone who has stayed with us for this journey, you, our investors. It's been fairly rough in some ways, and we really do appreciate your commitment and courage to a degree. We are working very hard to deliver on our actual third, and I can definitely mention to you that Circa is a very well-placed company for this new lower carbon, highly circular industrial relationship and environment. That's the end of the formal presentation. We'd now be very happy to take any questions. I'll just throw it open to the floor. Thomas. Yeah, good morning. Thank you for the presentation. Do you have any updates on any firm offtake agreements? When we could expect those? Secondly, what price level we should expect to see them at? Price level hasn't changed from the indicators we've given in the past. I think there might be slightly more work sort of in this stage. I'm not going to commit to that. We are working on two at the moment. We are into final discussions on the last two clauses on one of them, and we expect that within the next three weeks, depending on how the lawyers behave themselves, getting them backwards and forwards with those. Okay, thank you. Can you give any guidance on when you expect the CapEx expenses to ramp up? I mean, you're not ordering any equipment as of now, but I guess that will start soon. Yeah, it will actually come. Some of it will come already now in this first quarter with the signing of the Valmet agreement and some of the other agreements. You will see it already from next reporting. On that note, considering also that you are progressing on FC6, how do you expect the capital requirements moving forward throughout 2023? I would say what we're doing now on FC6 is very early kind of studies, not requiring anything yet. Of course, when we are approaching more work, more preparations, that will require capital, of course. Would it be a realistic timeframe to expect an FID on FC6 ahead of ReSolute being operational? Would we expect to see that operational first and then an FID in 2024? It's gonna be very close. Both of them. We're not gonna wait until we've been running ReSolute for 12, 18 months before we enter into the financing of the next stage. You know, the land and lease stage is done. It's been indicated, you know, by mid-quarter two, quarter three next year we'll be on site on the site. The work that's going on at the moment, and both Philipp and I have referred to is while some of it is related to FC6, so to ReSolute, a lot of the work is in parallel with regards to FC6. The reason behind that is quite straightforward. While there'll be no major design change entering into FC6, there are opportunities to tweak things like, for example, at the moment, in our, you know, by-product streams, our liquid by-product streams, there are small quantities of chemicals that we hold up. You know, it might be acetic acid on some of the treatment thresholds. At a ReSolute size, it is just not worth trying to extract those or purify the stream to actually extract those itself. But when we head towards a plant the size of FC6, it becomes a lot more attractive to look at separation technologies that can pull out, you know, several hundred if not low thousand ton quantities of by-products that are effectively, you know, good molecules there's got markets for. That's why the work is kicking off. That's why I said the partnership development is so valuable because we can actually look forward to FC6 and do some of that work now, while we're focusing on the optimization of ReSolute going forward. Those are the sort of things that will end up costing us some money because there is, you know, testing and trial work that will happen through next year, which is related to that sort of activity. Very much an FC6 rather than a ReSolute activity. There will be a medium demand, there may be a medium call for funds principally that if we see that it is work that is worthwhile doing particularly for FC6. Okay, thank you. Just one last question from me. How long will it take from hot commissioning until you expect full utilization of ReSolute? Or maybe to rephrase the question, how much output do you expect from ReSolute in 2024? Please give a conservative or highly realistic estimate on that. The hot commissioning will be around three to four months. If we take, I would say 500-700 tons output then. Okay, thank you. That was all from me. Okay. If there's no more questions then from our side, again, thanks for your attendance tonight. Obviously we are available on email if you've got anything specific you want to raise with us. More than happy to answer, but other than that, thanks for your attendance and, if not early, we'll see you at the full presentation. Thank you. Thank you.