Partnering to Achieve Low-Cost, Bolt-On Cellulosic Sugars Peter H. Kilner, SVP Bus. Dev. Presented at ABLCNext – November 11, 2014

1 Founded in 2008 Operations in U.S. and Brazil >$20M revenue in for 2013; profitable in 2015 COMPANY Low cost, cellulosic sugars Continuous production platform Mechanical & biological innovations Ethanol Advanced Biofuels Biochemicals >$150 billion Edeniq Highlights MODEL TECHNOLOGY MARKETS

2 Sugar is the new oil Low cost cellulosic sugars Convert w/ microbes & catalysts

3 Cheap Sugar from Biomass: Seems Simple, but… Biomass In Cellulosic sugars out Add water & enzymes

4 Cellulosic Sugars: Uneconomic at Current Costs ₵/lb Harvest, delivery, storage Low activity, shipping Energy and chemicals Many steps, big vessels

5 Edeniq is Slashing Costs: Easier with Well-armed Partners ₵/lb

6 A New Approach to Pretreatment Old Paradigm Batch Acids Dilute Hours Dirty Sugars New Paradigm ContinuousMechanicalConcentratedSeconds Clean Sugars

7 8 Year Partnership with IKA Leader in High Shear MHD: Hydration of biomass up to 40 wt% solids in seconds Cellunator™: High shear milling of biomass slurry in seconds

8 Confidential Integrated platform of pretreatment & cellulase enzymes Bolt-On Cellunator Bolt-On Step 1: Add Cellunator: pretreat cellulose & increase sugar from starch by 4% Step 1: Add Cellunator: pretreat cellulose & increase sugar from starch by 4%

9 Confidential Integrated platform of pretreatment & cellulase enzymes Bolt-On Cellunator Bolt-On Step 2: Add cellulases: increase sugar by 3% from cellulose Step 2: Add cellulases: increase sugar by 3% from cellulose

10 Pathway Produces Cheap Cellulosic Sugars Pathway approved in 2004 by EPA for cellulosic RINs worth 7 cents/lb

11 Partnership with SmartFlow Technologies Innovation in Solid/Liquid Separations Cross-flow membrane technology Highly energy efficient and reliable Designed to handle viscous materials Enables high sugar recovery Recovers lignin-rich solids Recovers and recycles enzyme

12 Confidential Partnering with Usina Vale to build Demo Plant, then 1 st Comm’l Unit Brazil Bolt-ons Crystallized Sugar Sugar Mill Sugar Cane Feedstock Cane Straw Boiler (Steam, Electricity Generation) Bagasse Lignin Solids Cellulosic Sugars Sugars Ethanol & Cellulosic Ethanol Edeniq bolt-on Increases production by 20 to 40% Ethanol Plant

13 Confidential Edeniq Design Saccharification Preprocessing Separations Pretreatment

14 Brazil Bolt-on Produces Cheap Cellulosic Sugars

15 Edeniq’s Newest Partnership: Global Bio-chem Technologies China Opportunity GBT is leading producer of chemicals from sugars GBT is leading producer of chemicals from sugars >30 million MT/yr of corn stover in Jilin Province >30 million MT/yr of corn stover in Jilin Province $5 billion opportunity $5 billion opportunity Government supportive Government supportive GBT constructing a 50,000 MT/yr cellulosic sugars plant Integration of Edeniq technology into GBT 50,000 MT/yr plant Commercialize plants for captive GBT demand Other biochemicals and biofuels through partners Edeniq – GBT: Lowest Cost Corn Stover to Sugars Process

16 Edeniq: Partnering to Slash Costs Join the Sugar Revolution! Thank You!!! Join Us!