Partnering to Achieve Low-Cost, Bolt-On Cellulosic

Sugars

Peter H. Kilner, SVP Bus. Dev.

Presented at ABLCNext – November 11, 2014

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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

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Sugar is the new oil

Sugar is the new oil

Low cost cellulosic sugars

Convert w/ microbes &

catalysts

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Cheap Sugar from Biomass: Seems Simple, but…

Biomass In Cellulosic sugars out

Add water & enzymes

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Capex 50

Net biomass 4

Enzyme 5

Other 5

Cash Costs 14Leveraged ROI 10

Total Cost 24

Cellulosic Sugars:Uneconomic at Current Costs

₵/lb

₵/lb

Harvest, delivery, storageLow activity, shippingEnergy and chemicals

Many steps, big vessels

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Edeniq is Slashing Costs: Easier with Well-armed Partners

₵/lb

₵/lb

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A New Approach to Pretreatment

Old Paradigm

Batch

Acids

Dilute

Hours

Dirty Sugars

New Paradigm

Continuous

Mechanical

Concentrated

Seconds

Clean Sugars

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8 Year Partnership with IKALeader in High Shear

• MHD: Hydration of biomass up to 40 wt% solids in seconds• Cellunator™: High shear milling of biomass slurry in seconds

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Confidential

Integrated platform of pretreatment & cellulase enzymes

Cellunator Bolt-On

Step 1: Add Cellunator: pretreat cellulose & increase sugar

from starch by 4%

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Confidential

Integrated platform of pretreatment & cellulase enzymes

Cellunator Bolt-On

Step 2: Add cellulases: increase sugar

by 3% from cellulose

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Pathway Produces Cheap Cellulosic Sugars

Old Paradigm

Starch Cellulose50 Capex 8 0

4 Net biomass 5 5

5 Enzyme 0 5

5 Other 1 0

14 Cash Costs 6 1010 Leveraged ROI 2 0

24 Total Cost 8 10

New Paradigm PATHWAY

Pathway approved in 2004 by EPA for cellulosic RINs worth 7 cents/lb

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Partnership with SmartFlow TechnologiesInnovation 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

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Confidential

Partnering with Usina Vale to build Demo Plant, then 1st Comm’l Unit

Brazil Bolt-ons

Crystallized Sugar

Sugar MillSugar CaneFeedstock

Cane Straw

Boiler(Steam, Electricity

Generation)

Ba

ga

ss

e

Ba

ga

ss

eLignin Solids

Cellulosic Sugars

Sugars

Ethanol & Cellulosic Ethanol

Edeniq bolt-onIncreases

production by 20 to 40%

EthanolPlant

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Confidential

Edeniq DesignSaccharification

Preprocessing Separations

Pretreatment

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Brazil Bolt-on Produces Cheap Cellulosic Sugars

Old Paradigm

New Paradigm

Brazil Bolt-on50 Capex 14

4 Net biomass 2

5 Enzyme 4

5 Other 2

14 Cash Costs 810 Leveraged ROI 3

24 Total Cost 11

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Edeniq’s Newest Partnership:Global Bio-chem Technologies

China Opportunity GBT is leading producer of chemicals from

sugars >30 million MT/yr of corn stover in Jilin

Province $5 billion opportunity 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

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Edeniq: Partnering to Slash Costs Join the Sugar Revolution!

Thank

You!!!

Join Us!