Rushlight Summer Showcase2019

Julian Beach, Business Development Director

20th June 2019

© Green Fuels

The Green Fuels group is engaged in the

fight against climate change. We aim to

have a disproportionate impact on

greenhouse gas reduction through the

projects we operate, the technologies we

develop and the equipment that we sell,

without harm to the environment. We will

make money as we do so, and create

shareholder value, but we will measure our

success by the carbon we save.

© Green Fuels

Sustainable renewable

fuels in Brazil

“Brazil is an important world market for aviation fuel, has an internal aerospace industry and rich availability of natural resources … developing a sustainable biofuel economy that does not impede food security or supply or cause land

use changes.”

Innovate UK Global Cooperation Feasibility

Study, 2017

Green Fuels group has established a subsidiary in

Brazil, Green Fuels Ventures América Latina, which will be the operating

entity for the projects in this region.

FuelMatic is globally proven, scalable, distributed biorefinery

solution, which is specifically designed to process waste

vegetable oils and animal tallow into biodiesel.

Equipment sold in more than 80 countries in 5 continents

420 million litres installed capacity worldwide

5 million tonnes CO2 emission saved

© Green Fuels

This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 792216.

© Green Fuels

© Green Fuels

Global drivers

• United Nations 17 Sustainable Development Goals

• ICAO (International Civil Aviation Organization) – carbon neutral growth from 2020

• CORSIA: Carbon Offsetting and Reduction Scheme for International Aviation – reducing emissions from international air travel with alternative fuels

• IMO (International Maritime Organization): plans to cut greenhouse gas emissions by 50% by 2050

© Green Fuels

© Green Fuels

Project overview

Juiz de Fora pilot refinery will include:

• Biorefinery 3,000-litres-per-day

• Demonstration-scale municipal waste cooking oil collection system

• Mixed reforestation including sustainable, family cultivation of macaúba, a native oil-bearing crop

• Market-leading FuelMatic technology

• Template for distributed transformation of waste oils, fats and sustainable macaúba oil into biodiesel and biokerosene

Distributed-scale sustainable fuels in Brazil

© Green Fuels

© Green Fuels

Project expansion

Brazil:

50 municipalities with waste UCOvolumes to support operation ofFuelMatic biorefineries from 3,000 to50,000 litres per day plus macaúba

Addition of SAF refining atcommercial scale

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Project funding

•Internal, institutional and multilateral investment to accelerate project expansion

•Growth in direct and indirect employment

•Alignment with the UN Sustainable Goals

•Most significantly, greenhouse gas savings of 2 million tonnes of carbon –a supplementary income stream

Sources of funding to date:

Innovate UK Global Collaboration

Feasibility Study

DECC Energy Entrepreneurs Fund

EU Horizon 2020

Cross-Government Prosperity Fund

These resources unlock several multipliers…

© Green Fuels

© Green Fuels

Project vision

In 5 years’ time, the project has led to a business supporting 400 direct and more than 1000 indirect jobs in Brazil

The business is producing 300,000 tonnes of renewable fuel per year for aviation, road, rail and marine transport.

Some 75,000 ha of degraded land has been reforested

375,000 tonnes of waste have been taken out of the environment or the human food chain

A circular economy model for energy has been introduced to more than 25 businesses in Brazil

Community collection systems are active in at least 20 municipalities

Around R$100 million has been spent with Brazilian companies in the supply chain with over 2m tonnes of carbon saved

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Beyond Brazil

New Policies Scenario: aviation

accounts for 15% of world oil demand growth

to 2030

Sustainable Development

Scenario: biofuels will

reach 10% of aviation fuel

demand by 2030 and 20% by

2040

Meeting just 2% of future SAF demand will

require investment of

$10bn

Green Fuels will be producing

SAF at scale by 2021

IMO Emission Control Areas

with only 0.1% low-sulphur fuels

allowed

The potential supply of

sustainable renewable diesel with the current technology is an

estimated 10-20 Mt.

IMO plans to cut greenhouse gas

emissions by 50% by 2050

Source: IEASource: IEA Bioenergy

© Green Fuels

© Green Fuels

Supply-led markets

UCO collection

infrastructure undeveloped

UCO exports prohibited

Degraded land suitable

for sustainable

reforestation

Availability of agricultural wastes with underutilised

energy potential

Demand-led hubs

Global centres for

supply of fuel

Key transport infrastructure

Where demand will

be supplemented by incentives

Deploy Green Fuels’ 16 years’experience in decentralised refiningto produce sustainable aviation andmarine fuel at scale in:

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FOR DETAILS OF THE 3-YEAR FINANCIAL AND INVESTMENT ROADMAP PLEASE CONTACT:

Julian Beachwww.greenfuelsdobrasil.com.ukjulian.beach@greenfuels.co.uk+44 7715 674087