Ethanol Summit2011

Virent Energy Systems Corporate OverviewLee Edwards - CEO

NOT FOR DISTRIBUTION

© 2011 – Virent Energy Systems, Inc.

Virent’s BioForming® Technology

• Identical Drop-in Products– Gasoline, Jet & Diesel– Chemicals for plastics & fibers– Infrastructure Compatible

• Fast and Robust– Continuous Process– 90 minute conversion time– Industry Proven Scalability

• Feedstock Flexible– Conventional Sugars– Non-Food Sugars

• Commercial Advantage– Energy efficient– Multiple products – same plant– Low Carbon Footprint

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Sugar to renewable hydrocarbon fuels and chemicals.

Virent Biogasoline Demonstration Plant- Madison, WI

© 2011 – Virent Energy Systems, Inc.

© 2011 – Virent Energy Systems, Inc Slide 3

Virent Energy Systems Overview

• Madison, Wisconsin

• 20+ R&D pilot plants in operation

• 10,000 gallon demonstration plant

• $76M+ of venture financing

$46.4M Series C financing in 2010

• $48M+ of development funding from government and industry

• 21 Patents issued, 138 pending

• 100 employees

© 2011 – Virent Energy Systems, Inc

Virent Conversion Platform

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High quality, Drop-in Fuels

Energy dense, Drop‐in Fuels

Premium Biogasoline – 120,000 Btu/gal Virent Distillates meet ASTM Specifications

Virent fuel in Scuderia Ferrari race fuel

© 2011 – Virent Energy Systems, Inc. Slide 5

© 2011 – Virent Energy Systems, Inc

Crude Oil Naptha Mixed 

XylenesPara Xylene PTA Polyester

Biomass

SugarCane

Corn

Virent BioForming Process

Virent Enables 100% Renewable PET

EGO2

Virent BioFormate™

product

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Mixed Xylenes

ParaXylene

PTA Polyester

Virent’s BioForming Process Enables 

100% biobased PET Bottles and Fiber.

100% renewable AND recyclable packaging and materials

© 2011 – Virent Energy Systems, Inc Slide 7

Strategic Investors & Partners

Feedstock Logistics

ConversionPlatform

CustomerAcceptance

• Platform Research & Development

• Technology Provider• Feedstock R&D• Catalyst Development• Operations

• Shareholder• Support Efforts to

Determine BioGasoline’s Suitability in Current & Next Generation Engines

• Major Shareholder• Participating in

feedstock development and commercial deployment

Deployment Opportunity

• Major Shareholder• Development Partner• Fuel Qualification• Scale-Up Partner• Market Channels

© 2011 – Virent Energy Systems, Inc

Development and Deployment

Chemicals & Gasoline Commercial Scale:• > 20 million gallons annual capacity• Chemicals collaboration with new partners• Multiple Bio-product offers – faster, smaller scale• Integrated for lower capital

Distillate Demonstration Plant:• > 1 million gallons annual capacity • Volumes for Jet certification and Diesel customer validation• Feedstock flexibility• Seeking off-take and access to capital

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Lee EdwardsPresident and CEOVirent Energy Systems, Inc3571  Anderson StreetMadison, WI 53704

E‐Mail:  lee_edwards@virent.comPhone: +1 (608) 237‐8606Fax: +1 (608) 663‐1630

www.virent.com

© 2011 – Virent Energy Systems, Inc. Slide 9