Contents are proprietary property of Proton Power and may not be shared in any form without written permission from Proton Power. Packaging A Project Jim Bierkamp, Frank Frankini

2 Objective To help you to provide a Proton Power CHyP fuel system that provides the optimum contribution to your customer’s business.

3 Agenda Fuel Types Genset Options Biochar Applications Financing Options Biochar Genset Fuel Type

4 Project Financial Returns Financial returns are driven primarily by these factors: –Selling price of fuel –Purchase price of biomass –Selling price of biochar –Purchase price of electricity Capital costs are a secondary consideration

5 FUEL TYPES

6 Fuel Types Selection of fuel type driven primarily by: –Customer preference –Sell price of fuel –Yield by fuel type –Yield by biomass type

7 Customer Preference Factors influencing preferred fuel type: –ROI Driven by fuel price –Location Access to offtaker Proximity to market –Using or selling Benefit at retail or rack price –Application

8 Fuel Type Matrix

9 Yields for CHyP Fuels Gasoline1% Jet Fuel 70% Kerosene70-80% No.1 Diesel80% No. 2 Diesel99%

10 Biomass Considerations

11 GENSET OPTIONS

12 Genset Considerations A backup diesel genset is included in all proposals as a standard system component Backup genset is used to keep the system at temperature – but not fully operational – during power outages It may make sense to choose a different genset strategy based upon project circumstances

13 Genset Options Standard Backup Diesel Genset Natural Gas (NG) Gensets Sized To Meet Plant Electrical Loads Diesel Gensets Sized To Meet Plant Electrical Loads

14 Standard Backup Diesel Genset Sized only to keep the system at temperature during interruption of grid electricity Emergency genset – not a continuous duty genset –Cheaper –Small impact on emissions quantities

15 NG Gensets To Meet Plant Load Application –Use in areas of high electricity prices (>$0.10/kwh) –Use in areas where there is no grid connection Use system waste gases and/or CHyP gas as fuel sources Continuous duty gensets –More expensive –Greater emissions impact

16 Diesel Gensets To Meet Plant Load Application –Use in areas of high electricity prices (>$0.10/kwh) –Use in areas where there is no grid connection Use CHyP diesel fuel as fuel source Continuous duty gensets –More expensive –Greater emissions impact

17 How Do You Decide? An economic decision We will be glad to help you to model this using the proforma It is an important consideration on every CHyP fuels project

18 BIOCHAR APPLICATION

19 Biochar Considerations The ability to sell CHyPChar has significant impact on project financials Consider which of the applications discussed previously apply Work early to find offtaker(s) for customer PPI working to offer activated carbon option to CHyP systems – stay tuned!

20 FINANCING OPTIONS Frank Frankini

21 QUESTIONS/DISCUSSION