An Innovative Solution for Low-Carbon Renewable Fuels Fulcrum - - PowerPoint PPT Presentation

An Innovative Solution for Low-Carbon Renewable Fuels

Fulcrum Corporate Overview

Charleston, SC May 10, 2013

Fulcrum’s Innovative Business Model

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Zero-Cost Feedstock Secured

No Feedstock Volatility

Clear Path to Commercialization

Sierra Construction Set to Begin

Large Development Program

MSW Feedstock Contracted for 16 Plants Across the Country

Strategic Partners

Waste Management Waste Connections

Converting Garbage into Renewable Fuel

Demonstrated Technology

Demonstrated Ethanol, Jet Fuel and Diesel Process at Full-Scale

Lowest Cost Producer Attractive Gross Margins

MSW: A Strategic Feedstock

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 Large Volumes, Ideal Locations  Established Infrastructure  Carbon-Rich Feedstock Ideal for Biofuel Production  Recycling Opportunities add to Economics  Predictable Cost  No Competing Uses

Changing the way Garbage is Handled and Disposed

Fulcrum’s MSW Feedstock Contracts

 Large Volumes, Multiple Locations  Exclusive Rights  Secured With Contracts  20-Year Supply Contracts  Delivered to Fulcrum Plants at Zero Cost  Rejected Material Removed at Zero Cost to Fulcrum  Multiple Suppliers

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Secured Feedstock Essential for Viable Projects

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• MSW Feedstock Secured Under Contract
• 20-Year, Zero-Cost Feedstock Agreements
• Large Development Program Underway

Future Projects With Exclusive Feedstock Rights

Proprietary, Proven & Efficient Fuels Process

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Steam Reforming Gasification System Converts MSW to Synthesis Gas Fischer-Tropsch Process Converts Synthesis Gas to Jet Fuel, Diesel & Ethanol Material Processing Facility Prepares MSW for Fuels Process

Proprietary, Proven & Efficient Fuels Process

7 Feedstock Preparation F-T or Alcohol Synthesis Process Syngas Preparation Heat Recovery Air Separation Unit Energy Production Hydrocarbon Conversion Gasification Recycled Material – Metals, Plastics, Cardboard Inorganic Material to the Landfill

Steam Reformer Gasifier

 Two Commercial Deployments  Large Single-Train Capacity  Excellent Carbon Conversion  Excellent Energy Integration  Competitive Integrated CAPEX  Excellent OPEX  Successful PDU Program  MSW Program With Integration  Flexible Syngas Output  Small Physical Footprint  No Hydrocarbon Issues

TRI Steam Reformer Lift

Height 62 feet - Freeboard diameter 18 feet Weight (empty) 110 tonnes Operating weight ~300 tonnes

TRI Pulse Combustor

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Fulcrum’s Alcohol Synthesis Process

 3 ½ Years and More Than 20,000 Hours of Operations  Full-Scale Reactor Tube  Integrated Process  Product Recovery  Operational Experience  Catalyst Life

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Fully Integrated Fischer-Tropsch Process

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 Proven Technology  2 ½ Years and More Than 9,000 Hours of Operations  Full-Scale Reactor Tube  Integrated Process  Product Recovery

Technology Strategy

Flexible Technology Strategy 1. Deploy Best Available Technology for Each Project as Technology Continues to Evolve and Improve 2. Remain Flexible to Adopt Technology Improvements 3. Partner With Promising Technology Providers Deployment Strategy 1. Must be Proven at Commercial Scale 2. Must be Demonstrated With MSW 3. Most Economic 4. Most Reliable 5. Environmentally Sound

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Commercial-Scale Biofuel Plant

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Sierra BioFuels Plant

McCarran, NV

10 Million Gallons per Year Biofuel Capacity

• Fulcrum’s Flagship Facility
• EPC Activities Underway
• Profitable at COD

Site Rendering

A Company Like no Other

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Proven Production of Jet Fuel, Diesel and Ethanol From Syngas at Full Scale Zero-Cost, Zero-Volatility Feedstock Contracts in Place Low Cost of Production – High Margins Large Build Out Expertise

Lee Rich Vice President of Engineering and Operations Fulcrum BioEnergy, Inc. 155 Old Greenville Highway, Suite 101 Clemson, SC 29631 864.653.5610 lrich@fulcrum-bioenergy.com www.fulcrum-bioenergy.com