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1 Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending. © 2014 ICM, Inc. All Rights Reserved.

The future of ethanol production & corn utilization

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1

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

2

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

› …sustain agriculture while advancing renewable energy.

› Engineering and Construction, Optimizations, Plant Management, Dryers and Thermal Oxidizers, Bolt-On Technologies, Spare Parts Manufacturing, Shutdown Services, Gasifiers.

› 102 Ethanol Plants, 18 Retrofits, Hungary, Canada, Mozambique, and Argentina

› R&D Services with Pilot Plant

ICM Background

3

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Bio-Refinery – Increase Value, Diversify, Reduce Risk

4

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Ethanol Market Today – Operational Value

• Be Low Cost Producer • Produce More Gallons, Better • Hedge Risk with Flexibility

Blend Wall

% E

than

ol B

lend

5

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Ethanol Market Today – Pricing Value

“…U.S. produced ethanol is an exceptionally competitive additive and fuel source…” -- ABF Economics 2014

Price of Oil

6

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Ethanol Market Today – Octane Value

“…U.S. ethanol has emerged as the lowest cost transportation fuel and OCTANE source in the world...” -- ABF Economics 2014

Ethanol

7

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Ethanol Market Today – Infrastructure & Higher Blends

"E15 …would offer Chicago drivers the choice of using fuel 5 cents to 15 cents cheaper than conventional gasoline," said Councilman Burke. Some say it's the answer to reducing smog and other pollutants in Chicago's air. -- ABC 7 News

8

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Ethanol Market Today – Ag Waste Pathway

CORN STARCH

CELLULOSIC

9

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

D3 Cellulosic RIN ($.57) = D5 Advanced ($.62) + Cellulosic Waiver Credit ($.50) – D6 Corn Starch ($.55)

Ethanol Market Today – RFS2 Nested RINS

10

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Platform Technologies – Strong Foundations

11

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

› Selective Sizing

› Increased Ethanol

› Increased Oil

› Protects Fiber Milling Technology TM – Wet Fractionation

Selective Milling Technology TM – Wet Fractionation

12

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Fiber Separation Technology™

Increase Yield

Increase Yield & Throughput or Grind less

13

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Fiber Separation Technology™ - Full Scale since 2013

Managed facility in St. Joseph, MO, USA

14

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Fiber Separation Technology™

› Counter Current Washing › No Additional Water Needed › Watch Starch Loss

15

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Fiber Separation Technology™ – Diversified Co-products

16

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

› Fiber is Just-In-Time Feedstock › Truly Integrated vs Co-Located › Reduced capital closer to Corn Starch › < $0.30 op ex. No additional Water or Acids › 3.08+ Gallons per bushel yield

Generation 1.5 from Fiber – Easiest Step into Cellulosic

Gen 2.0

Gen

1.5

17

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Generation 1.5 Fiber to Cellulosic Ethanol TM

Additional Oil

Additional Yield

18

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Generation 1.5 – High Protein DDG

› Low Fiber

› Lower Oil – 7/8% Fat

› High Protein – 42/45%

› Soybean – 80% Value

› Monogastric

› Lower Volumes

19

Fiber Separation Technology™ and Generation 1.5 Grain Fiber to Cellulosic Technology™ are patent pending.

© 2014 ICM, Inc. All Rights Reserved.

Thank You!

Jeff Scharping Product Development ICM – Colwich, KS Phone: 316.977.6833 [email protected]

St. Joseph, MO Facility

Visit our Website: www.icminc.com Follow us on Twitter: @ICM_Technology Follow us on Linked In: www.linkedin.com/company/icm-inc_2 Download the ICMNOW App: www.icmmobileapp.com View our videos on YouTube: https://www.youtube.com/user/icmglobal