The Smart Way - Utilising RTPTM

technology to produce sustainable 2nd generation bio-oil from local feedstocksNWBC 2012 CEO Timo Saarelainen

• Operating environment

• Green Fuel Nordic Oy

• The Smart Way

• Renewable, local feedstock

• RTPTM Green Fuel Production Technology

• RTPTM Green Fuel Applications

Contents

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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

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Green Fuel Nordic Oy

Green Fuel Nordic OyA Finnish biorefinery company established in 2011. Headquarters in Kuopio, in Eastern Finland.

Our missionWe offer a lucrative and local alternative to fossil fuels. We are a frontrunner in the

refining of second-generation liquid biofuels.

Our visionWe are the most successful refiner of local liquid biofuels in our market areas.

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The Smart Way – The Big Picture

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The Smart Way – Our Choises

• Commercial and proven technology– RTPTM , fast pyrolysis technology from Envergent Technologies, a Honeywell company

– Strategic co-operation agreement

• RTP Green Fuel - 2nd 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 m3 per year

– Industrial use is around 50 Million m3 per annum; 70-75 Million m3 could be used sustainably

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The growth of Finnish forests is over 100 mill. m3 per year

Forest balance in Finland 1960-2011

SOURCE: Metla, Finnish Forest Industries

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Use of domestic wood in Finland 2011First use 62 million m3 and second use 22 million m3

SOURCE: Metla

The Green Fuel Nordic RTPTM Process

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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, 2nd generation transportation fuels– Drop-in gasoline, diesel and jet using existing

infrastructure

• Not to exclude other high-value applications

Thank you!

www.greenfuelnordic.fi