New Generation Biofuels Holdings Inc
New Generation Biofuels — Investor Presentation (June 2010)
32 slides from New Generation Biofuels's investor presentation, Jun 9, 2010
Slide 1: Company Overview
Company Overview June 2010 WwW neraveon Ne" A ae vo S Advanced Renewable Technology
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements. These forward- looking statements concern the Company's operations, prospects, plans, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements invol
Slide 3: Introduction
NGBF Introduction = (ar > Advanced Renewable Technology mr ==
Slide 4: New Generation Biofuels (NGBF)
New Generation Biofuels (NGBF) * New Generation Biofuels is a publicly traded (NASDAQ: NGBF) technology company focused on solving energy, economic and environmental challenges using its unique proprietary biofuel technology. * Our biofuels displace fossil fuels in energy applications with environme
Slide 5: Highlights
Highlights Significant Market Opportunity — 10+ billion gallons — Power plants — Commercial and Industrial Processing and Space Heating — Marine transportation Superior renewable energy solution for target customers Producing and Selling Product Now Industry leading economics Disciplined strategy fo
Slide 6: Federal Energy and Climate Proposals
Federal Energy and Climate,Proposals -- NGBF’s Biofuel Provides Environmental Solutions Bills moving in Congress and new federal regulations would impose additional costs on use of fossil fuels and enhance value of using NGBF’s fuel 1)Federal Renewable Electricity Standard — House-passed Waxman Mark
Slide 7: Economics and Market Focus
Economics and Market Focus @ais New coneration = Advanced Renewable Technology
Slide 8: Growth Strategy
Growth Strategy * Leverage current relationships in power generation market * Bring potential customers to Baltimore to see production and product usage at local customer’s facility — live demos * Sign up Agents/Distributors who can bring an existing customer base * Small Plant footprint and low Cap
Slide 9: Current Market Focus
Sector Current Market Focu Size Opportunity Power plants 2.2 B gallons Power plants eligible for Renewable energy credits; constrained by emissions limitations Commercial Industrial Process/ Space Heating 6.4 B gallons Large facilities taking leadership role in reducing greenhouse gases Marine >6.3
Slide 10: Customers & Key Distributors
Customers & Key Distributors Customers * Delta Chemical (Baltimore, MD) * Catoctin Mountain Growers (Keymar, MD) * Taunton State Hospital (Taunton, MA) * City of Baltimore * Seaboard Asphalt (Baltimore, MD) * Chaney Enterprises (Waldorf, MD) Distributors * Tri Gas & Oil (Large fuel distributor in th
Slide 11: Technology Licensing Example
Q New Generation Technology Licensing Example LOI with EDEN Renewable Energy Exclusive manufacturing, sales & distribution rights in the Canadian provinces of Newfoundland, Labrador, Nova Scotia, New Brunswick & Prince Edward Island 10 cents per gallon royalty to NGBF Exclusivity based on achieving
Slide 12: Field Tested and Commercially Proven
Field Tested and Commercially Proven The Cleaver product Brooks boiler]
Slide 13: Boiler Applications
Boiler Applications NGBF’s biofuel is being used in a series of boiler applications including: * Cleaver-Brooks fire-tube boilers * 150, 200, & 500 HP * Babcock & Wilcox utility steam boiler * Light off and flame stabilization + Steam plant for electricity generation Convert with simple tuning or mi
Slide 14: Gas Turbines Applications
Gas Turbines Applications NGBF has conducted proof of performance tests in utility scale combustion turbine applications including: Y Pratt & Whitney FT4 Aero derivative Gas Turbine technology (25 MW) v GE Frame 7b technology (65 MW) v GE Frame 5 technology (25 MW) Successful results include: — All
Slide 15: Co-Firing With Solid Biomass
Co-Firing With Solid Biomass Potential to double the amount of co-firing that can be achieved with solid biomass and coal with limited conversion dollars — Very low metals, ash, and sulphur content of NGBF’s biofuel may extend the amount of biomass that can be co-fired before affecting SCR catalyst
Slide 16: Co-Firing With Coal
Co-Firing With Goal * NGBF believes that co-firing with coal is cost effective versus solid biomass conversion * NGBF’s biofuel could possibly be used to extend the life of existing coal plants * Co-firing a 10% mix of NGBF’s biofuel could enable coal plants to meet REC goals quickly and cost effect
Slide 17: Blending with #2 and #6 Fuel Oils
Blending with #2 and #6 Fuel Oils * NGBF biofuels can be easily blended at different ratios with #2 and #6 fuel oils up to 35% by volume * Final blended fuel has improved rheological properties (pour point and viscosity) and highly improved performance in terms of emissions during combustion Advance
Slide 18: Comparative Advantages
NGBF Comparative Advantages few. Generation => Advanced Renewable Technology
Slide 19: Comparison to Fuel Oils
Comparison to Fuel Oils * In comparison to fuel oils, NGBF fuels have — Reduced NOX emissions — Lower ash — Much lower sulfur — Higher lubricity — Better low-temperature flow properties — Different flash points — Lower energy content/gallon New Generation Advanced Renewable Technology
Slide 20: Comparison to Biodiesel
Comparison to Biodiesel Biodiesel + Capital costs per MM gal/yr capacity <$0.252 $1.00 - $1.25 + Permitting & construction time required Months Years + Estimated footprint of 100 MM gal/yr prod. Facility <Yacre? 12 acres ' + Feedstock conversion into finished product 100% < 89% + Energy consumption
Slide 21: Feedstock Flexibility
Feedstock Flexibility * NGBF’s biofuels are very tolerant of free fatty acids, allowing more feedstocks to be used such as: — Recycled vegetable oils — Corn oil extract — Poultry fat — By-products from industrial processes and food processing — Chinese Tallow — Croton — Jatropha — Algae — Virgin veg
Slide 22: Production Process Advantages
Production Process Advantages Production process is a precision blending or emulsification process with high energy yield: — Low production costs — Energy required is only 11Wh ~ 47Wh per gallon — No significant by-products, wastes, emissions or discharges, so “BTU yield” of process is greater * Sma
Slide 23: NOx Reduction Advantages by Application
NOx Reduction Advantages'by Application New Generation Biofuels NOx Improvement 80% 70% 60% 50% 40% 30% 20% 10% 0%, ™ Percent Reduction Boiler Paw GE GE GE GE FT 4c* Frame 7 Frame 7 Frame & Frame 5 Application *Weter Injected New Generation Advanced Renewable Technology ©
Slide 24: Approximate Lifecycle Greenhouse Gas Reduction Advantage
Approximate Lifecycle Greenhouse Gas Reduction Advantage * Used Cooking Oil Feedstock * Based on CA-GREET model * Concurs with EPA RFS2 modeling Q New Generation Grams CO2 Equivalents /mmBtu Lifecycle Greenhouse Gas Emissions 120000 100000 80000 60000 - 40000 20000 o (CO, Equivalents) — Combustion E
Slide 25: Fuel Properties
NGBF Fuel Properties @a a Generel = Advanced Renewable Technology
Slide 26: NGBF Biofuels: Classic and Ultra HF
NGBF Biofuels: Classic.and Ultra HF Classic — Extraordinary pour point, field tested atomization and ignition, biodegradability Ultra HF — High flash point, increased energy content, enhanced viscosity All of our products are formulated for low metals content. Classic | Ultra HF Flash Point (°F, min
Slide 27: Atomization and Combustion
Atomization and Combu ¢ Atomization and combustion properties studied by the University of Minnesota Center for Diesel Research * Key findings: — NGBF emulsions are non-Newtonian fluids + “Shear-thinning” behavior — Classic and Ultra HF formulations atomized well at all pressures in excess of 100 ps
Slide 28: Management and Board of Directors
Management and Board of Directors @ais New coneration = Advanced Renewable Technology
Slide 29: Experienced Management
Experienced Management Cary J. Claiborne, Chief Executive Officer, President, and Director * Osiris Therapeutics, Chief Financial Officer (2004-2007) + Constellation Energy Group, VP Financial Planning (2001-2004) + Senior leadership positions with General Electric (15 years), MCI and Home Depot Dav
Slide 30: Experienced Management
Experienced Management Dane R. Saglio — Chief Financial Officer + Former consultant with merging private companies in the areas of strategic planning, exit strategies, transaction evaluation, capital structure, corporate governance, and financial/business operations evaluation + Chief Financial Offi
Slide 31: Current Board of Directors
Current Board of Direct John E. Mack, Chairman Former Sr. Managing Executive Officer, Shinsei Bank; Bank of America (including predecessor companies), various senior management positions including Corporate Treasurer J. Robert Sheppard Jr. © Former Managing Director and Co-Head of the Global, Projec
Slide 32: NGBF Value Proposition
NGBF Value Proposition * NGBF Biofuels — Are cost competitive with Ultra Low Sulfur Diesel — Can be produced from low-cost and/or locally available feedstocks — Substantially reduce NO, emissions (40-74%) — Essentially eliminate SO, emissions — Reduce lifecycle CO, emissions + 0.5 -0.8% reduction fo
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