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Verenium’s process: getting to cellulosic ethanol

Verenium’s process: getting to cellulosic ethanol. 1. Verenium’s Commercial Development Plans. Near-term focus on US Gulf Coast Plan to position six projects for financial close, 2010-2012 Ultimately national / global play Commercial sites in development Grass/energy cane/bagasse

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Verenium’s process: getting to cellulosic ethanol

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  1. Verenium’s process: getting to cellulosic ethanol 1

  2. Verenium’s Commercial Development Plans • Near-term focus on US Gulf Coast • Plan to position six projects for financial close, 2010-2012 • Ultimately national / global play • Commercial sites in development • Grass/energy cane/bagasse • Local agricultural partners • Good logistical interfaces • Some co-located • Three (~100 acre) energy crop plantations • Energy cane and sorghum • Expand to 17k acres in 2 years • Validation platform for growers Commercial sites Energy crop sites

  3. Vercipia/Highlands Ethanol: Project Overview • Verenium / BP Partnership’s First Commercial-Scale, Next-Generation Cellulosic Ethanol Production Facility • Located in Brighton, Highlands County • 36MGY Capacity to meet needs of S. Florida fuels market (facing 10% blend mandate) • Growing Services w/ Lykes Bros. on 20,000 farmable acres of Lykes’ 335,000 acre ranch • $350M capital investment, generating 140 permanent jobs (production/agriculture) and over 400 temporary construction jobs

  4. Feedstock plan: purpose-grown canes & grasses • Sufficient biomass available in the U.S.+ to meet RFS demand • Energy cane is among the highest yielding agricultural feedstocks

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