Project Liberty and the RFS

Transcription

1 POET-DSM Advanced Biofuel: Project Liberty and the RFS Preentation Title Author Author Title Event Date

2 POET-DSM Advanced Biofuel two innovative companie one hared viion

3 POET POET, one of the world larget ethanol producer, i a leader in biorefining through it efficient, vertically integrated approach to production. The 25-year-old company ha a production capacity in exce of 1.6 billion gallon of ethanol and 9 billion pound of high-protein anal feed annually from it network of 27 production facilitie. POET alo operate a pilot-cale celluloic bio-ethanol plant, which ue corn cob, leave, huk and ome talk a feedtock, and expect to commercialize the proce in Emmetburg, Iowa.

4 DSM Bright Science.Brighter Living. TM Royal DSM N.V. i a global cience-baed company active in health, nutrition and material. By connecting it unique competence in Life Science and Material Science DSM i driving economic properity, environmental progre and ocial advance to create utainable value for all takeholder. DSM deliver innovative olution that nourih, protect and prove performance in global market uch a food and dietary upplement, peronal care, feed, pharmaceutical, medical device, automotive, paint, electrical and electronic, life protection, alternative energy and bio-baed material. DSM 22,000 employee deliver annual net ale of about 9 billion. The company i lited on NYSE Euronext.

5 Cooperation Rationale Thi joint venture bring together two companie leading the tranition from a petroleum-baed economy to a bio-baed economy. Combined capabilitie to handle upply chain, efficiently handle bioconverion (facilitie, enzyme and yeat), and market acce.

6 Thi Global Preence: POET and DSM

7 From bioma to celluloic bio-ethanol

8 POET grain ethanol facility Emmetburg, IA 7

9 Harvet & Bioma Collection Ethanol Ditribution

10 Bio-Tech Facilitie, Delft (Netherland) 9

11 POET-DSM Advanced Biofuel Project LIBERTY Firt commercial cale demontration of technology Currently being contructed in Emmetburg, Iowa DSM and POET 50% hare Total invetment $250 million Deigned to produce more than 20 million gallon Replicate technology throughout POET exiting network of 27 corn ethanol plant Licene technology to 3 rd partie

12 Current regulation i working RFS a a driver RFS provide certainty to the US market for celluloic ethanol 7.8 billion gallon of celluloic ethanol from corn crop reidue by 2022 US advantage i gone without the RFS DSM i inveting $150M becaue of the RFS Technology, logitic, financing in place Policy i the only uncertainty RFS Blend Wall Ability for rapid expanion Policy Corn ethanol: + 12 billion gallon in 10 year ( ) Bolt-on: ue exiting infratructure Diverity of feedtock: 50 tate olution

13 Liberty pact on Emmetburg, IA 20 million gallon of the 16 billion in RFS Population 3,904 (2010 cenu) New income for farmer Emmetburg 2012: 85,000 ton corn crop reidue approx. $70/ton ($ 6 Mln) 1/3 of bioma need (normal op) Job 40 permanent (direct) 200 contruction Additional indirect job Additional invetment Vermeer facility (harveting equipment) Bioma harvet company

14 Ground Breaking Emmetburg, IA March 13,

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17 Safe Harbor Statement Thi preentation may contain forward-looking tatement with repect to DSM future (financial) performance and poition. Such tatement are baed on current expectation, etate and projection of DSM and information currently available to the company. DSM caution reader that uch tatement involve certain rik and uncertaintie that are difficult to predict and therefore it hould be undertood that many factor can caue actual performance and poition to differ materially from thee tatement. DSM ha no obligation to update the tatement contained in thi preentation, unle required by law. The Englih language verion of thi document i leading. A more comprehenive dicuion of the rik factor affecting DSM buine can be found in the company latet Annual Report, which can be found on the company' corporate webite, 16