of West Central ® and Todd & Sargent. About Us We are - Renewable Energy Technologies, LLC A joint venture of West Central ® and Todd & Sargent.

West Central was incorporated in 1933 in Ralston, Iowa, which is still its headquarters. Todd & Sargent began in Ames, Iowa in 1938.

West Central has been adding value to member soybeans since the 1940’s Processing and Manufacturing for over 60 years. 1940 New Soy Center built in 1990 – expanded in 1996 and 2002 by Todd & Sargent Biodiesel plant added 2002 by Todd & Sargent 2002

West Central has annual sales of $250 million Employs 250 people Processes 8 million bushels of soybeans at the Soy Center and processes 27 million pounds of soy oil into alkyl esters, annually

Todd & Sargent has annual sales of $70 million Employs 50 office and 200 field personnel Projects vary from a $5 million shuttle train loading facility in Mississippi to $40 million soybean processing plant in Minnesota

West Central Soy’s primary product, SoyPLUS, is a high protein source for ruminants Soy Oil is transesterified into Biodiesel Todd & Sargent’s primary products are slip form concrete and processing plants for various industries

West Central is a member of: Todd & Sargent is affiliated with:

Gary Haer, Vice President, National Biodiesel Board Our Staff Includes: Gary Haer, Vice President, National Biodiesel Board Myron Danzer, serving on the NBB National Accreditation Committee Bill Bokhoven P.E., American Concrete Institute/ACI 313 Member – Chair Lee Sargent, Chairman of National Fire Protection Association 61 Board

Our Process Includes: Continuous transesterfication State of the art computerized process controls Stringent process safety management Assist in site selection Process design and engineering Environmental safeguards featuring zero alcohol and water emissions

Process hazard management and procedures Structural, mechanical and electrical engineering Control system engineering Construction oversight Employee training Start-up and operations

Chemist / Laboratory procedure updates Marketing biodiesel* Chemist / Laboratory procedure updates Updates on process Research and Development Safety training Employee training *Optional through West Central Soy

Todd & Sargent’s 64 years of experience provides you – bottom line – the finest facilities. West Central’s 60 years of experience provides you – bottom line – the best value in biodiesel production.

Contacts: Nile Ramsbottom Myron Danzer Phil Sargent Lee Sargent Clint Steele 712-667-3318 712-667-3390 515-956-4814

Alcohol, Catalyst, Neutralizing Agent Procurement Specifications Vendor selection Materials requisition Vendor certification

Contacts: Myron Danzer Sales/Production Project Manager, West Central 712-667-3390 Bev Tierney Soy Oil Marketing Coordinator, West Central 712-667-3340 Nile Ramsbottom Executive Vice President Soy/Nutrition, West Central 712-667-3318

Biodiesel Marketing Biodiesel industry leader National Biodiesel Accreditation Committee National Biodiesel Board Officer Active in developing favorable legislation for biodiesel Developed an extensive biodiesel distribution network to meet present and future demand Developed strong relationships with key industry players

West Central Soy Current Markets EPACT Niche B20 market Low blends Future Markets Mass fuel market Distribution Petroleum marketers Terminals Industry

Current Business Plan Marketing and Sales Market Development Market Analysis Distribution and Logistics Risk Management Transaction Processing Raw Material Procurement Supply and Exchanges Co product Marketing

U.S. Market Diesel Fuel Biodiesel Annual US demand for diesel is 55 billion gallons Annual on-highway usage is 32 billion gallons Annual market growth rate is 5% Biodiesel Government regulations are the primary drivers New regulations regarding sulfur content in diesel fuel will drive future growth Renewable Fuel Standard Excise Tax Credit for Biodiesel fuel blends Elimination of EPACT restrictions for biodiesel State Initiatives

Biodiesel Customers US Dept of Defense – DLA, 3m gal US Air Force, Marines, Army – nationwide authorization Airport-shuttles, emergency vehicles, ground equipment 200 B20 Fleets US Capitol generators Ski Resorts, National Parks Mobile Generators (trains) in CA B2 Customers MFA Oil, Countrymark, Growmark, Country Energy, Wal-mart

Industry-wide Biodiesel Production

Legislative Activities Bills Filed in 2002

Midwest Biodiesel Demand at 2%

Biodiesel Tax Bill S. 1058 Hutchinson/ Dayton Senate Finance Committee Lincoln/ Grassley Amendment Comprehensive Energy Package Tax Provisions CAFÉ Standards 5 billion gal. Renewable Fuel Standard Other Major Provisions Senate Floor Action HR 4843 Kenny Hulshof Conference with House on H.R. 4

Comprehensive National Renewable Standard Biodiesel and Ethanol Complimentary to greater ethanol production Economic Impact of greater biodiesel usage 1% 35 billon gallons = 350 million gallons 350 million gallons = 2.6 billion lbs. 2001 soy oil surplus = 2.8 billion lbs. Use oil from 235 million bushels Minnesota B2 = 16 million gallons of biodiesel 16m ga. = 11 mil. bushels (similar efforts contemplated for ND, SD, NE, KS, KY, DE)

Excise Tax Credit for Biodiesel Approved Biodiesel becomes competitive with petroleum diesel Biodiesel becomes a fuel commodity and is used as a mainstream fuel component New Biodiesel production comes on line and supply of biodiesel in the market increases Companies with downstream infrastructure in place capitalize on the increased demand for biodiesel

Requirements for Marketing Success Reliable Biodiesel supply Technical knowledge and application Continued market development Market planning and strategy for all products Key industry relationships Strong partnerships Transportation

Contacts: Nile Ramsbottom Executive Vice President Soy/Nutrition, West Central 712-667-3318 Gary Haer Soy Product Sales Manager West Central 913-884-8521 Bev Tierney Soy Oil Marketing Coordinator West Central 712-667-3340