Goldman Sachs GS SUSTAIN Exhibit 22: Circular Economy / Recycling projects and recent expansions from select companies Material Company Project Overview US: In Michigan, Hydro will invest in the construction of a new aluminium recycling plant producing 120,000 tonnes of aluminium extrusion ingot per year. The site is set to start production of Hydro CIRCAL in 2023. EU: Aluminium Norsk Hydro Norway: Hydro will invest NOK 105 mn to establish Høyanger Recycling, a dedicated aluminium recycling facility located by the HydroHøyanger primary aluminium smelter. Hungary: Hydro will build a new aluminium remelt facility, at Hydro’s aluminium extrusion plant in SzekesFehervar with an annual capacity of 90,000 tonnes. In addition, Hydro is increasing the capacity for its Rackwitz recycling plant in Germany and Clervaux plant in Luxembourg. UK: Hydro is investing £2.4 mn in its Deeside recycling plant in the UK to increase the aluminium recycling capacity to 70,000 tonnes per year. Fortum Will invest c. €24 mn to expand its lithium-ion battery recycling capacity by building a new hydrometallurgical plant in Finland. The new facility will recover scarce metals from old EV lithium-ion batteries while also recycling various waste fractions derived throughout the battery supply chain. Umicore Umicore and Automotive Cells Company announced April 27, 2022 a long-term strategic supply agreement for EV cathode materials, where Umicore will supply ACC's future large-scale European battery plants with next-generation high nickel cathode materials, with first Battery commercial volumes expected in early 2024. Johnson Johnson Matthey partnered with Stena Recycling and European Metal Recycling to develop an efficient lithium-ion battery and cell materials recycling value chain in Europe. The company is developing processes to produce fully refined materials for lithium-ion batteries, Matthey looking to increase recycled content in new batteries. Stena Metall Investing SEK 250mn into a new battery recycling facility in Halmstad, which can recycle 95% of a lithium-ion battery. In operation: 25 Waste-To-Energy (WTE) facilities; 1 Organic Waste Treatment facility; 8 Resource Recycling projects Zheneng Treatment Capacity: 40,410 tons/day Jinjiang Under Construction & Expansion: Environment 3 WTE facilities; 1 Resource Recycling projects General Holding Treatment Capacity: 3,100 tons/day waste In Preparation: 18 WTE facilities and Kitchen Waste Treatment projects; 1 Resource Recycling project Treatment Capacity: 14,645 tons/day Huazhang Investing up to HK$100 mn to fund the waste recycling plants in Dubai. Technology Shanaya As of end of 2021, the group invested U$2.72 mn in integrated recycling plant for general waste handling and oil waste handling. Ambev Investing 870 mn Reais (c. U$154 mn) in a new sustainable glass plant in Paran, which will have the capacity to produce bottles from recycled or broken glass, collected in partnership with local companies and organizations specializing in reverse logistics. Glass Vetropack Invested in the expansion of glass recycling facilities in the Czech Republic and Austria. Aurubis Investing c. €300 mn in a new recycling plant in Georgia. The project is expected to process ~90,000t of complex recycling materials after its completion in 2024. Metals Invested c.€84m into two EAFD recycling plants in China, with a combined capacity to recycle 220kt EAFD p.a. Befesa One has contracted EAFD for >80% plant utilisation in 2022; the other one is expecting commercial output H2 ’22. OMV Building a chemical recycling demo plant based on its proprietary ReOil® technology. The plant has a capacity of 16,000 t p.a. Eurocell Between 2016 and 2021, Eurocell invested £6.3 mn to expand Eurocell Recycle Midlands site, to increase output and improve reliability. The company acquired Eurocell Recycle North for c. £6 mn and made post-acquisition investment of £4.5 mn. Coca-Cola Increasing onshore recycling capacity by investing in joint venture PET recycling plants in Australia and Indonesia. In Australia alone, the two new plants will build a combined annual capacity of 40,000 tonnes. INEOS Investing into a pilot plant for advanced recycling of polystyrene in the UK. It is expected to be operational in H2 '22. Styrolution Chemicals BASF By 2030, BASF will invest up to €4.5 bn in battery materials and recycling. & Plastics BASF, Quantafuel and REMONDIS partnered up on a joint investment into a pyrolysis plant for plastic waste. Alfa Invested U$96 mn in the acquisition of CarbonLITE’s PET recycling and pelletizing plant in Pennsylvania, which enables the production of food-grade pellets required for bottle-to-bottle recycling. Alpla Announced investment of c. €50 mn a year in expanding Alpla's recycling activities between now and 2025. In 2021: Eastman invested U$250 mn to expand the capacity of its molecular recycling facility, which uses >110,000 metric tons of waste plastic as raw material. Construction is expected to be mechanically complete by end 2022. Eastman Chemical In 2022: the company announced that it will invest up to U$1 bn in a material-to-material molecular recycling facility in France, where the company’s polyester renewal technology could be used to recycle up to 160,000 metric tonnes of hard-to-recycle plastic waste annually. Textile Zorlu Invested U$10 mn in Polymer Recycling Plant in Europe, and started producing polyester yarn completely out of plastic bottles. Used fuel Orano Orano is investing over €80 mn in its Melox recycling plant that produces Mox fuel assemblies made from a blend of uranium oxide and plutonium developed from spent fuel. They are intended to supply light water reactors for electricity production. Source: Company data 3 May 2022 20