An Introduction to SOLENA FUELS CORPORATION

World Waste to Energy City SummitLondon, UK

May 19-20 2015

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Solena At A Glancestrong partners, global scalability & the industry’s “Project to Watch”

• Our business: producing drop-in jet and diesel fuels from waste

• Our business model: to use our proprietary solution to develop, build, own, and operate distributed jet/diesel/Marine Gas Oil (MGO) biorefineries worldwide and to sell directly to industrial end users such as British Airways

• Our proprietary technology is a plasma gasification solution that economically produces a high BTU syngas

• Our first project – GreenSky London – is under development in London with a world class consortium

• Targeting financial close/start of construction in 2016 and first fuel in 2018

• Solena believes partnering with companies that have a local presence and development capabilities in their respective market will be key to growth

Slide 1

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what is it?

• World’s first advanced technology waste biomass to jet and diesel fuel plant

• Input: Refuse Derived Fuel (sorted municipal, commercial waste)

• Output: sustainable, drop-in jet & diesel fuels

• Site selected: Shut-in Coryton refinery East of London

• Technology: Solena’s proprietary Integrated Biomass to Liquid Solution (IBGTL)

• Jet Offtakers: British Airways

GreenSky London

Slide 2

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why are British Airways and other offtakers doing it?

• Reducing cost of emissions with carbon savings (new regulatory requirements)

• Jet and diesel fuels are expensive and expected to get more expensive

• Reduces waste destined for landfill and methane gas emissions

• Abundant source of waste - does not compromise land use (avoids environmental debate compared to other biofuels)

GreenSky London

Slide 3

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GreenSky LondonWillie Walsh site video

Slide 4

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the site location

• Site of shut-in Coryton Oil Refinery on the Thames Estuary

• Excellent facilities for plant operation

• Very good logistics –road, rail & river

• Large feedstock catchment area

• Pipeline to Heathrow

London

GreenSky London

Slide 5

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rendering

GreenSky London

Slide 6

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Why The Market is Choosing Solenacombination of four powerful attributes

• Our fuel type is well known

o Fischer-Tropsch fuels are have been in use by airlines since the early 1990s

o No engine or infrastructure modifications are necessary

• Our energy source is sustainable

o Because we use waste biomass, our fuel avoids the political debate around indirect land use changes (ILUC)

o Our IBGTL process can handle a wide variety of feedstock and thus is completely “fuel flexible”

• Our solution is a complete one

o We offer a complete solution – we will develop the project end to end and provide a fully integrated solution

• Our pricing is competitive

o We sell our fuel directly to end users at market competitive rates

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Our Solution

SYNGAS COOLING

WET SCRUBBER

SYNGAS COMPRESSION

SULFUR REMOVAL

FISCHER-TROPSCH (FT)

SYNTHESISHYDROCRACKING

TAIL GASCOMPRESSION

SATURATOR

STEAM METHANE

REFORMER (SMR)

PRESSURE SWING

ADSORPTION (PSA)

JET FUEL

DIESEL

POWER TO PLANT

AUX LOADS

FT TAIL GAS

NAPHTHA TO SMR

POWER TO/FROM

GRID

GASIFICATION SYSTEM

MERCURY REMOVAL

STEAM TURBINEGENERATOR

GAS TURBINEGENERATOR

WASTEFEEDSTOCK

the Solena IBGTL solution

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Drop-in, certified fuels; sustainability credits

Production Parameters

IBGTL

575,000 mT/yr of Refuse Derived Fuel (RDF)

Various Catalysts

Quantity Specs/Qualification Sustainability Credits

39,500 tonnes/yr

14.2 MM gal/yr

(neat)

ASTM D7566 DefStan 9191

None

39,300 tonnes/yr

13.4 MM gal/yr

(neat)

BS EN 590 Qualifies for RTFO

49MW Gross Production;

3MW Exported

Advanced Conversion

Technology (ACT)Qualifies for CfDs

Jet Fuel*

Diesel*

Power

*Achieve RED methodology of net GHG emission savings > 60%

Slide 9

THANK YOUBrian Miloski

PresidentSolena Fuels Corporation

1000 Potomac Street NW | Suite 150Washington DC 20007 | USA