Available Global Feedstock No Biology Proven Petro/Chem. Process Full Replacement Fuel No Blending Highest CO2

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1 March 11, 2015

2 About Byogy Renewables, Inc. Byogy has developed a unique process using proven petrochemical equipment that converts any source of ethanol or butanol into premium grade, full replacement biofuels: PRODUCTS PARAXYLENE NAPTHA GASOLINE JET FUEL DIESEL HEATING OIL CHARACHTERISTICS Available Global Feedstock No Synthe@c Biology Proven Petro/Chem. Process Full Replacement Fuel No Blending Highest CO2 Reduc@on

3 The Fundamentals The ATJ COMPLETE VALUE CHAIN EXISTS TODAY FEEDSTOCK TECHNOLOGY FUEL QUALITY Existing Mature Industry Technical Know-How Sugar Yields Improving Proven Catalytic No Biology- No Bugs Lowest CAPX & OPX No External Hydrogen Full Aromatics Full Carbon Distribution Infrastructure Exists No Blending Issues

4 JET FUEL Basic Definitions JET FUEL Standalone hydrocarbon that can be used in turbine engines BLENDSTOCK Hydrocarbon product that can only be used as an addiqve to FUEL DROP- IN FUEL JET FUEL that is the result of Blending JET FUEL & BLENDSTOCK REPLACEMENT JET FUEL AlternaQvely produced JET FUEL requiring no blending

5 ASTM : Alcohol To Jet Timing Projection SKA Fuel GTL BLENDED WITH SYNTHETIC AROMATICS ATJ SPK NO AROMATICS 50% BLEND FIRST SPECIFICATION WHERE AROMATICS ARE PRODUCED ATJ SKA (1) AROMATICS 50% BLEND FULL AROMATICS 100% REPLACEMENT ATJ SKA (2) /19

6 MEETING ICAO CARBON NEUTRAL GROWTH +/- 40% Improvements to engines, airplanes and Air Traffic Management +/- 60% High Blends of Biofuels are the only solution to achieve CNG goals It Will Require High Blends Of Renewable Jet Fuel to Achieve CNG Goals Byogy s Fuel Offers A Potential Solution By Offering Up To 100% Replacement 6

7 Brazil: The Affect of Blending ON CO2 Reduction BRAZIL AVIATION STATS * Total Fuel Use (M tones) CO2 (M tones) TOTAL ICAO 2050 CNG TARGET = +/- 7 MM t 50% of 2005 *Projected/Estimated From ANAC Action Plan ESTIMATED CO2 REDUCTION (based on industry es1mates) HEFA (ASTM SPEC) 80% ReducQon at full volume DSHC (ASTM SPEC) 80% ReducQon at full volume ATJ- SKA (ASTM Pending) > 80% ReducQon at full volume AFFECT OF BLEND LIMITATIONS ASSUME 60% REDUCTION FROM BIOFUEL THAN MUST BE LESS THAN 13 Mt TO MEET ICAO GOAL CO2 reduc1on HEFA/ATJ SPK = 50% MAX 50% x 80% = 40% reducqon (40% x 33 = 13.2) = 19.8 Mt DSHC = 10% MAX 10% x 80% = 8% reducqon ( 8% x 33 = 2.6) = 30.4 Mt ATJ- SKA = 100% USE 100% x 80% = 80% reducqon (80% x 33 = 29.7) = 6.6 Mt (< 7 mmt) ATJ- SKA = 75% USE 75% x 80% = 60% reducqon (60% x33 = 20.0) = 13.0 Mt It Will Require Over 75% Blend Of Renewable Jet Fuel to Achieve ICAO Goal

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9 COMPLETING THE VALUE CHAIN AusAGAVE AGRICULTURE DIVISION AusAGAVE GEN 2 ADVANCED FERMENTATION BYOGY RENEWABLE FUELS & CHEMICALS WASTE STREAMS AGRI- Fiberboard FIBERBOARD CARBON FIBER LOW COST SUGARS FROM AGAVE INCREASED FERMENTATION YIELDS PREMIUM JET, GAS, DIESEL GREEN, PREMIUM FIBERBOARD AND CARBON FIBER ALTERNATIVES

10 Byogy Select Agave : Less Inputs - More Outputs Byogy Selec@ve Agave $0.07 /lb Sugar TODAY $0.05 /lb Sugar by % Less Water 50% Less Fer@lizer 90% More Sugar 100% More Biomass Sugar Cane Corn

11 CHEAP SUGAR Not Just For Tequila AusAgave 15 Years $0.05 lb Sugar

12 ADVANCED FERMENTATION Not All Yeast Is Created Equal Gen 2 Energy/ISU/USDA Improves Conv. Fermenta@on

13 PROVEN TECHNOLOGY Don t Reinvent The Wheel Tradi@onal Petrochemical Low $ CAPX & OPX

14 WASTE STREAM VALUE More Fiber In Your Diet Fiberboard & Carbon Fiber Human Food Protein & Oils

15 OPTIMIZED END PRODUCTS Blending Is For Margaritas Full Replacement Products Eliminates Handling $ Highest CO2 Reduc@on

16 SELECTIVE AGAVE AGAVE INPUTS 50% LESS WATER & FERTILIZER THAN SUGAR CANE AGAVE OUTPUTS 90% MORE SUGAR 100% MORE BIOMASS THAN SUGAR CANE The Full Value Chain Producing Food, Fuel, Water, & Energy JUICE EXTRACTION SUGAR ADVANCED FERMENTATION HYDROUS ETHANOL ETHANOL DEHYDRATION ETHYLENE CHEMICALS CO- GEN ENERGY BAGASSE FIBER BIO- POLYMERS FIBERBOARD CARBON FIBER STILLAGE / VINASSE SEPARATE FUNGAL PROCESS HUMAN FOOD WATER PROCESS FERMENTATION IRRIGATION OMEGA 3 PROTEIN FEED ETHYLENE CATALYTIC REFORM DISTILLATION HYDROGENATION FULL REPLACEMENT FUELS ETHANOL PX NAPTHA GASOLINE JET FUEL DIESEL HVY OIL $150- $400 / ton $300 /ton $2/gal

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