1. The Smart Way - Utilising RTP TM technology to produce sustainable 2 nd generation bio-oil from local feedstocks NWBC 2012 CEO Timo Saarelainen

2. Operating environment Green Fuel Nordic Oy The Smart Way Renewable, local feedstock RTP TM Green Fuel Production Technology RTP TM Green Fuel Applications Contents

3. 3 Operating environment Forces driving political, social and business development Climate change Dependence on fossil fuels Growing population Increasing Energy consumption Oil Price Food price Sustainable opportunities Innovative technologies Bio-based solutions > Bio-economy

4. 4 Green Fuel Nordic Oy A Finnish biorefinery company established in 2011. Headquarters in Kuopio, in Eastern Finland. Our mission We offer a lucrative and local alternative to fossil fuels. We are a frontrunner in the refining of second-generation liquid biofuels. Our vision We are the most successful refiner of local liquid biofuels in our market areas.

5. 5 The Smart Way – The Big Picture

6. 6 The Smart Way – Our Choises Commercial and proven technology –RTP TM, fast pyrolysis technology from Envergent Technologies, a Honeywell company –Strategic co-operation agreement RTP Green Fuel - 2 nd generation liquid biofuel –Feedstock is forest-based biomass –Not conflicting with food chain or indirect land-use change (ILUC) –Storage and transportation properties Feestock comes from the Finnish forest –Forest growth is over 100 Million m 3 per year –Industrial use is around 50 Million m 3 per annum; 70-75 Million m 3 could be used sustainably

7. 7 The growth of Finnish forests is over 100 mill. m 3 per year Forest balance in Finland 1960-2011 SOURCE: Metla, Finnish Forest Industries

8. 8 Use of domestic wood in Finland 2011 First use 62 million m 3 and second use 22 million m 3 SOURCE: Metla

9. The Green Fuel Nordic RTP TM Process

10. 10 Applications for RTP Green Fuel Power and heat in industry and municipalities –Standard solutions for green field and replacement investments Marine applications –Sulphur-free, rebewable fuel for diesel engines Green, 2 nd generation transportation fuels –Drop-in gasoline, diesel and jet using existing infrastructure Not to exclude other high-value applications

11. Thank you! www.greenfuelnordic.fi