Verde Clean Fuels, Inc. · NASDAQ:VGAS
Verde Clean Fuels — Investor Presentation (March 2024)
22 slides from Verde Clean Fuels's investor presentation, March 2024
Slide 1: Corporate Presentation
Corporate Presentation March 2024 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation (the “Presentation”) includes “forward-looking statements” within the meaning of Section INDUSTRY AND MARKET DATA 27A of the Securities Act of 1933, as amended, (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, (th
Slide 3: The low-carbon car of the future is the one you're already driving
The low-carbon car of the future is the one you're already driving. Verde Clean Fuels offers a clean alternative to petroleum-derived gasoline. Our technology converts waste feedstocks to gasoline compatible with standard car engines and existing refueling infrastructure. 3
Slide 4: Advantages of Verde's Proprietary STG+ Process
Advantages of Verde’s Proprietary STG+ Process Utilizes Low Value, Widely Available “Waste Feedstocks” to Produce ü Clean Gasoline ü Environmentally Superior to Other Clean Fuels and Electric Vehicles Requires No Changes to Existing Automobiles or Gasoline Distribution ü Infrastructure ü Logisticall
Slide 5: Advantages of Verde's Proprietary STG+ Process: Waste Feedstocks
Advantages of Verde’s Proprietary STG+ Process Biomass – cellulosic waste Flared natural gas Stranded natural gas • Sourced from wood waste, • Sourced from flared natural gas from • Sourced from existing agricultural waste, and other oil & gas operations natural gas reserves without cellulosic waste
Slide 6: These Waste Feedstocks Are Widely Available in the US
These Waste Feedstocks Are Widely Available in the US Columbia River Valley Williston Basin (Bakken Formation) Agricultural Waste, Separated Disadvantaged/Flared Natural Gas Yard Waste “Corn Belt” Agricultural Waste Central Valley, California Agricultural/Orchard Waste Pennsylvania/New York Timber T
Slide 7: Advantages of Verde's Proprietary STG+ Process: Carbon Footprint
Advantages of Verde’s Proprietary STG+ Process STG+ Gasoline from STG+ Renewable Refinery Gasoline Electric Vehicles Flared Natural Gas Gasoline w/ CCS Materials / Manufacturing 5 Tons CO2 11 Tons CO2 5 Tons CO2 5 Tons CO2 Feedstock / Source Oil: 12 Tons CO2 / Grid: 27 Tons CO2 / Flared Gas: (-14) T
Slide 8: Advantages of Verde's Proprietary STG+ Process: CO2 Emissions Benchmark
Advantages of Verde’s Proprietary STG+ Process CO2 Emissions Benchmark Reduced CO2 Emissions Refinery Fuel (MM Green Alternatives 2050 Penetration (MM Tons/Year) Tons/Year) Rate (%) 50% 1 Jet Fuel 261 SAF 130 Industry Goal Diesel 468 Renewable/Bio Diesel 8% 2 37 Gasoline 1,086 Electric Vehicles 31%
Slide 9: STG+ Gasoline – A Perfect Substitute for Petroleum-Derived Fuel
STG+ Gasoline – A Perfect Substitute for Petroleum-Derived Fuel Requires No Change to Consumers, Cars, or Infrastructure Keep your car ü 268MM ICE vehicles on the roads today can take part in decarbonizing transportation Keep your gas stations ü 145,000+ gas stations nationwide1 can be utilized to d
Slide 10: Illustrative Economics
Illustrative Economics Renewable Gasoline with CCS Natural Gas-to-Gasoline $1.50 $2.25 $1.75 $(0.50) $4.50 $(3.35) $5.03 $(0.67) $(1.12) $1.18 $(0.40) $2.25 OB RIN FS 45 Q t oc k Ex rg in RB D3 LC s Op n … Ma ed bo Fe Ca r Natural Gas ($/gal) Margin RBOB Operating Costs Key Assumptions: Key Assumpti
Slide 11: Cottonmouth JV – 1st Project Location
Cottonmouth JV – 1st Project Location Project Location Key Partners Project location Gas Supply: Equipment/Engineering: • Located in Martin County, Texas in the heart of the Permian’s Midland Basin • Existing Diamondback location with access to power, water and gas metering infrastructure • Current
Slide 12: Elk Hills Project Overview
Elk Hills Project Overview Project Location Key Partners Project location • Location: Kern County, California • Located at California Resources Corp.’s Net Zero Industrial Park in Bakersfield, CA • Area produces significant amounts of agricultural waste from almond orchards, providing low-cost feeds
Slide 13: Geopolitical Dependency
Geopolitical Dependency China is Dominant in Mineral Processing1… 40% of Total Global Oil Production is at Geopolitical Risk Mineral Processing - 2022 100% 2023E Global Oil Production (MMbpd)3 80% 60% Russian Oil = 11% of Total 40% Other, 55 Russia, 9.7 20% 0% Saudi Lithium Nickel Cobalt Graphite Ar
Slide 14: Summary – The Verde Advantage
Summary – The Verde Advantage Utilizes Low Value, Widely Available “Waste Feedstocks” to Produce ü Clean Gasoline ü Environmentally Superior to Other Clean Fuels and Electric Vehicles Requires No Changes to Existing Automobiles or Gasoline Distribution ü Infrastructure ü Logistically Advantaged Feed
Slide 15: Appendix
Appendix Verde Leadership Verde Technology Carbon Intensity Validation 15
Slide 16: Management Team
Management Team Our leadership team boasts over 100 years of combined energy industry experience and has successfully executed more than 50 capital projects. • Developed and financed over 4,500 MW of industrial cogeneration • Managed ~$1Bn in capital projects in the environmental and facilities at 6
Slide 17: Verde Board of Directors
Verde Board of Directors Ron Hulme – Chairman Duncan Palmer – Audit Committee Chair • Chief Executive Officer - Bluescape Energy Partners (2015-2021) • Cushman Wakefield – Chief Financial Officer (2014-2021) • McKinsey & Company • Led Cushman Wakefield’s IPO • Office of Managing Director; Board • RE
Slide 18: STG+ Compared to Other Processes
STG+ Compared to Other Processes Product Intermediate Multiple Steps to Final Scale Capital Intensity Products Product Fischer Tropsch Synthetic Crude Oil None Yes - refining 50,000 Bbl/d Very High “FT Crude” ExxonMobil MTG Gasoline Methanol Yes – durene reduction 100,000+ Bbl/d High Topsoe TIGAS Ga
Slide 19: New Jersey Demonstration Facility Has Proven Our Technology
New Jersey Demonstration Facility Has Proven Our Technology Verde’s Demonstration Facility, Located in Hillsborough, NJ, Has Been in Operation Since 2015 Verde’s fully operational demonstration facility has proven the company’s technology and ability to scale ü Over 10,500 operational hours logged ü
Slide 20: Verde's U.S. Patents
Verde’s U.S. Patents Title Description Patent Number Date Issued Covers a system for making high octane fuel; the system includes a single loop system, e.g., the system of US Patent No. 9,169,166 or US Patent No. 9,670,416, for making medium octane fuel, and Single-Loop Octane Enrichment an octane e
Slide 21: Renewable Gasoline Carbon Intensity Comparison - CSS
Renewable Gasoline Carbon Intensity Comparison - CSS Verde’s analysis of independent studies indicates renewable gasoline would have the most carbon benefit for transportation 1 2 Source: BloombergNEF, EIA – “2022 Annual Energy Outlook”, EPA – “National Overview: Facts and Figures on Materials, Wast
Slide 22: Contact
Contact [email protected] 22
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