NER300 - BEST Project - IBP SpA Stefania Pescarolo Head of Public Funding Roma, 11/12/2014

M&G - Our Group M&G Group: about us Mossi Ghisolfi is a multinational, family-run business established in 1953 by Vittorio Ghisolfi and Domenico Mossi. It is one of the world’s leading producers of PET resin It is Italy’s 2nd largest chemical company. It is a forward-looking company that is continuing to invest significant funds into bio-fuels and green chemistry research and development as part of its commitment to sustainability Biochemtex is the M&G global engineering and technology company

Medium scale prototype Development Timeline TRL5 Medium scale prototype Crescentino Plant Start-up Official opening October 9, 2013 Q1-2013 Crescentino Plant Collaboration Agreements with leading partners 2011-2012 Pilot plant construction & start up (Jun 2009) Pilot Plant operation and data gathering Test of Plant flexibility using multiple biomasses 2009-2010 Scouting of Technologies Generation of key inventions Proof of UNIT OPERATION in the labs 2006-2008 TRL 7 Demo > 130 times scale-up

BEST Project - Crescentino World’s first advanced BIOETHANOL demonstration industrial facility

40 ktpa Ethanol plant Layout B O I E L R S CHILLER & COMPRESSOR A B O I E L R S CHILLER & COMPRESSOR A

NER300 BEST Project – Bioethanol plant The Crescentino Plant is the first in the world to be designed and built to produce bioethanol from agricultural by-products or biomass not suitable for food consumption. This has been made possible thanks to PROESATM technology, developed in the Biochemtex R&D centers. The expertise developed in Crescentino will enable similar plants to be built in Europe, USA, Latin America, Europe and Asia. The project was supported by European Commission as part of its Seventh Framework Programme for research and development

ProesaTM - The Technology Steam Enzymes Ethanol Hydrolysis & Fermentation Biomass Smart Cooking Viscosity Reduction Distillation Lignin for Energy Block ProesaTM Technology benefits: Feedstock flexibility Continuous process No chemical addition Optimal sugar extraction with low enzyme dosage Fully integrated process design using continuous equipment to enable large scale plants Best in class technology with lowest capex and opex backed with performance guarantees

Crescentino Fast Facts

Crescentino - Development Timeline Apr 2011 Sept 2011 Nov 2012 Dec 2012 The project started in 2010, the construction began in 2011, inaugurated on October 2013 Today

NER300 BEST Project – RES – BIOg BEST PROJECT – Second generation bioethanol process – demonstration scale of innovative and sustainable biotechnologic conversion of lignocellulosic biomass into ethanol on a 51 million litres per year plant   Category RES (RENEWABLES) – BIOg (BIOENERGY – Lignocellulose to ethanol) Date of entry into operation: 01/06/2013 (5y duration) Legally Binding Instrument signed on April 2014 with the Italian Minister of Environment Project Sponsor: IBP SpA (main EPC contractor: Biochemtex SpA) NER300 contribution 28.4 millions Euro (for renewable energy of 1.414.558 MWh related to ethanol production = 140.000 tons in five years

BEST Project – RES – BIOg   General comments NER300 can be a kind of incentive to mobilize investments, especially if timing (call, project selection and approval, …) is efficient In most cases does not solve the debt financing issue, but can help by improving the overall business plan: it does help new technologies to cover a gap of costs vs. more established technologies Clear/stable policy framework is today of most importance

The concept of Biorefinery PROESA® Cellulosic Sugar Technology Pre-Treatment Section Enzymatic Hydrolysis Section BIOFUELS BIOCHEMICALS LIGNIN CHEMICALS Ethanol Bio-Jet Butanol Marine Diesel Green Diesel Fatty Alcohols 1,4 Butanediol Farnasene Acrylic Acid Succinic Acid Bio-ethylene Bio-PE Bio-EO/EG Others Phenols Xylene Terephthalic Acid Aromatic Aldehydes

for this reason our future is already in good hands. » « The future depends only on us, for this reason our future is already in good hands. » 13 13 13