1. © Sargas | Mars 09 | 1 | P Sargas June 22, 2011 Clean Power at lowest cost

2. © Sargas | Mars 09 | 2 | Sargas  Identity: Clean Energy Solution company  Mission: Lowest cost of Clean Power  Company Focus:Greenfield & Rep0wering with CCS

3. © Sargas | Mars 09 | 3 | Sargas Sargas makes clean Coal and Gas Power

4. © Sargas | Mars 09 | 4 | 5 - Points to remember  FF - Pressure is a game changer when it comes to Carbon Capture  FF - Pressure makes everything more compact  FT - Sargas - Lowest cost & EPC Performance guarantees  P - EOR will drive CCS until the allowance price will drive  P - Gas will also be subject to Carbon capture -50% efficiency

5. © Sargas | Mars 09 | 5 | Plants in Operation in Europe and Japan Pressurized CO2 capturePressurized Combustion > 900+plants in operation around the world Sargas Patent - we combine two technologies

6. © Sargas | Mars 09 | 6 | Sargas - Clean Coal – proven technology  Sargas concept : A refined combination: Pressurized combustion and Hum Carbonate (HPC) CO 2 capture  HPC, CO 2 capture process, also called Benfield, introduced 1962. More than 940 full size plants in operation. The most efficient CO2 capture process. Energy need of 1 MJ/ton CO2 captured compared to 4 MJ/ton CO2 captured with Amines. Environmentally friendly and no volatile degradation products. HPC process works only on target gas under pressure.  Pressurized Fluidized beds existing in the chemical production industry since 40 years back and was developed by ABB as Clean Coal 20 years ago (SO2 & NOx) with plants installed in Europe, US & Japan. The plants are compact, clean with high efficiency and availability.

7. © Sargas | Mars 09 | 7 | Technical Advantages  Bed temp 850°C  Optimized combustion of Coal with calcium utilization  99,5% capture of SO2.  Pressurized combustion:  Low oxygen content in combustion gases  Better CO2 capture and Purity of CO2  High efficiency  Low CoE  Small size 275 MW: pressure vessel.D14,5 x28 m  Less Capex & Compact  Pressurized flue gas means :  Enables HPC, best CO2 capture  efficient, non toxic, low cost absorbent, mature  High CO2 partial pressure 2 bara  improves CO2 capture efficiency  low CoE  Low volume flow  compact CO2 capture equipment, less steel & material  Absorber and desorber same range of temperature  efficient regeneration  NOx absorbtion reduced to virtually nothing  Xtra-Clean  Fluidized bed:  Can burn a variety of fuels such as coal, waste coal, lignite, and biomass

8. © Sargas | Mars 09 | 8 | Sargas Pressurized Combustion very compact : 13:1

9. © Sargas | Mars 09 | 9 | Sargas ZEP Power Barge

10. © Sargas | Mars 09 | 10 | UOP (Honeywell) HPC full size plants in operation ww : Town Gas Plants164 Ammonia 204 Hydrogen 110 SNG29 Natural Gas Processing55 LNG Pre-Treatment9 Partial Oxidation Purification9 Ethylene Oxide & Vinyl Acetate77 Conversions from other HPC23 Total680 Catacarb > 200 Giammarco Vetrocoke. 60 Grand total: appx 940 CO2 capture HPC plants in operation ww References of Hot Potassium Carbonate -CC

11. © Sargas | Mars 09 | 11 | Pressurized Fluidized Combustion plants by ABB technology: 1990 - Fortum Värtan CHP Stockholm City Sweden Bit Coal, 135 MWe 224 MW heat 1991 - AEP, Tidd Demo USA 75,6 Mwe 1991- Endesa Power, Escatron Demo Spain, Lignite, 80 Mwe 1993- Wakamatsu, Demo Japan 60 MWe, 1997- Kyushu Electric Power, Karita CHP Japan, 350MWe 1998 - Cottbus City Germany, Lignite 75,6 MWe References of Pressurized Combustion

12. © Sargas | Mars 09 | 12 | “It has been verified that the pilot plant is able to remove between 98 and 99% (by volume) of the initial CO 2 present in the flue gas.” VÄRTAN DEMO | – Verified Source Independent report from – IFE/KR/F – 2000/056 Demos in place Pittsburgh Consol DEMO | – Operational

13. © Sargas | Mars 09 | 13 | 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 Sub critical PC Super critical PC Ultra-super critical PC PC-OxyIGCCSargas Ultra Clean 2006 USA Cost of Electricity US¢ per kWh With capture Without capture Sargas lowest cost of “Clean Coal” (USA cost 2006)

14. © Sargas | Mars 09 | 14 | Sargas lowest emissions from Coal firing

15. © Sargas | Mars 09 | 15 | Natural Gas or Coal & Biomass Combustor Sargas Process overview Combined cycle

16. © Sargas | Mars 09 | 16 | Gas Turbine BoilerHEX Steam turbine Expander CO2 HPC CO2 capture Sargas Gas Process Combined cycle 50% efficiency Compr

17. © Sargas | Mars 09 | 17 | Sargas 90 MWe Plant 45 x 112 m

18. © Sargas | Mars 09 | 18 | CO 2 Emission Allowances price up 2020 SO 2 & NOx Regulations 2016 EU Emission regulations--- Action required 40 M people in CEE use District heating. CHP are close to city centres

19. © Sargas | Mars 09 | 19 | An update June 2011  Daewoo Shipbuilding and Marine Engineering Co.(DSME) have invested in a License to use Sargas Technology for Zero emission power plants.  CO2 capture from different waste coals at Consol Energy test facility based Demonstration plant  DSME&SNC-Lavalin Alliance to Turn Key Sargas plants, incl. Performance guarantees.  Patent on Comb Gas Turbine and Pressurized Boiler with Carbon Capture. 50% eff  Feasibility studies on going in the EU, Asia and North America:  Green field plants for Coal and Gas fired plants.  Barge mounted Coal plants  Repowering plants for CHP plants

20. © Sargas | Mars 09 | 20 | EPC consortium

21. © Sargas | Mars 09 | 21 | Funding of CCS – Allowances and EOR Opportunities Sargas CO2 capture cost = lowest in industry 2020 Allowances reach EUR 40 ++ 1 ton of CO2  2-3 Brl of additional oil USA infrastructure of CO2 pipeline . Canada is building the Alberta Carbon Trunk line, (ACTL) ready 2013 Aramco in Saudi Arabia is planning the largest EOR project 2012. EOR prospecting starting in many countries world wide including Europe WYOMING’S CO2 PIPELINE INFRASTRUCTURE.

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24. © Sargas | Mars 09 | 24 | Summary  99% CO 2 capture demonstrated  Ultra low SO2, NOx, Mercury  Compact footprint  Robust concept with proven technologies  Sargas = Lowest Clean CoE

25. © Sargas | Mars 09 | 25 | 5 - Points to remember  FF - Pressure is a game changer when it comes to Carbon Capture  FF - Pressure makes everything more compact  FT - Sargas - Lowest cost & EPC Performance guarantees  P - EOR will drive CCS until the allowance price will drive  P - Gas will also be subject to Carbon capture -50% efficiency

26. © Sargas | Mars 09 | 26 | Sargas Sargas focus on the top tool for climate fight