Buckeye Technologies

Sustainability and Growth

________________________

Moving in the Right Direction

2009 International Bioenergy and Bioproducts Conference

October 2009

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Safe Harbor Statement

These slides and the accompanying presentation contain forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, capital expenditures, the outcome of pending legal proceedings and claims, goals and objectives for future operations, including descriptions of the Company’s business strategies and purchase commitments from customers, among other things. These statements are typically identified by words such as ‘‘believe,’’‘‘anticipate,’’ ‘‘expect,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘estimate’’ and similar expressions. Management bases these statements on particular assumptions made in light of industry experience, as well as Management’s perception of historical trends, current conditions, expected future developments and other factors that Management believes are appropriate under the circumstances. These statements are not guarantees of performance or results and involve risks, uncertainties and assumptions. Although Management believes that these forward-looking statements are based on reasonable assumptions, many factors could affect the Company’s actual financial results or results of operations and could cause actual results to differ materially from those expressed in the forward-looking statements. These factors include, among other things, cyclical changes in the demand for some of the Company’s products; changes in pricing policies by the Company or its competitors; changes in the cost of labor, energy and other manufacturing costs; debt levels; the size and timing of significant orders; changes in operating expenses or the need for additional capital expenditures; changes in corporate strategy; and general economic conditions. In light of these risks and uncertainties, there can be no assurance that the results and events contemplated by the forward-looking statements contained in these slides and the accompanying presentation will in fact transpire.

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NonwovenMaterials

Specialty Fibers

Fluff Pulp Chemical Cellulose Customized Fibers32% 20% 35% 13%

Wipes Baby Diapers Tire Cord Ethers (Thickeners) Filters

UltraFiber 500®

Table Top Femcare LCD Screens Food Casings Currency Papers

Nonwoven Materials

32%Specialty Fibers 68%

• The diversity of our product mix is a strength helping us navigate through the current economic downturn

Products

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North America45%

South America4%

Canada / BC

Brazil

Germany

Switzerland

Florida

Tennessee

North Carolina

Nonwovens Sites

Corporate Headquarters

Cotton Cellulose

Converting

Wood Cellulose

Intl. Sales Office

Other3%

Asia14%

Europe34%

Based on fiscal 2009 Sales

1,444 Employees

Beijing

• 66% of sales outside US• 78% of sales produced in US

Geographic Diversity

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Resource Utilization

Renewable Energy

Fossil Fuels16%

Electricity4%

Biomass80%

•Fossil Fuel Use – reduced by 11% since 2003•Biomass supplied 80% of Buckeye’s total energyrequirements in 2008

•Water Consumption – reduced by 1.1 billiongallons since 2003

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Awards and Recognition

•Buckeye received the American Forest and Paper Association’s 2009 Environmental Excellence Award for the Foley Plant’s SanPedro Bay Wetlands Mitigation Project

•Buckeye is a finalist for two Pulp and Paper International 2009 Excellence Awards

• Foley Plant’s Energy Independence Project• Memphis Plant’s Energy Improvement Project

•Foley has won Florida’s 2009 “Green to Gold”award for its leadership in sustainable practices

WHERE WE ARE HEADED

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Buckeye’s Sustainability Goals

By the year 2015, we intend to: • Reduce our fossil fuel usage by 10%• Reduce our use of purchased electricity

by 25% • Reduce our greenhouse gas emissions

from fossil fuels and purchased electricity by 15%

• Reduce water usage by 5%

(measured on a ”per ton” basis, using 2007 as the baseline year)

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Florida Site Energy Vision

Electrical IndependenceIncrease renewable energy to 95%

Save the equivalent of 200,000 barrels of oil per yearReduce 87,500 metric tonnes CO2e

Fossil Fuel IndependenceIncrease renewable energy to 100%

Save the equivalent of 250,000 barrels of oil per yearReduce 100,000 metric tonnes of CO2ePermit Green Power Sales to the Grid

Biorefinery Biofuels

Biopolymers

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ProcessElectricity

Biomass

Economizer

BlackLiquor

FossilFuel

ExtractionTurbine

+ 12 MW

CondensingTurbine Generator

600# Steam

Low PressureSteam to Process

Condenser

RecoveryBoiler

PowerBoiler

BiomassBoiler

Concentrators

- 85,000Barrels/yr

Electrical IndependenceEliminate 200,000 Barrels of Oil/yr

PurchasedPower

Reduce

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Kiln

Gasifier

-250,000 barrels/yr

Syngas

Mill Waste:-Knots and Shive-Sludge-Unburned Ash

Energy Crops:-Energy Cane-Eucalyptus-Algae

Tree Waste:-Tops-Stumps

Fossil Fuel IndependenceEliminate 250,000 barrels of Oil/yr

Green Power Sold to the Grid

Power13 MW

SyngasBoiler

CondensingTurbine Generator

Condenser

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Energy Cane EucalyptusCottonwood

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Gasifier

GasCleanup

GasTurbine

Waste Heat

Biomass

BiorefineryBiofuels/Biopolymers

Power

Biorefinery

Biofuels

PulpMill

Waste Heat

Waste/Process Streams

Biopolymers Pulp

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Organic Acids – UF/Myriant

Ethanol – UF / Verenium

LigninFertilizer

Co-productsPartial Saccharification

Raw Materials

•Agricultural,Forestry andMunicipal Residues

•Opportunity streamsFrom Buckeye

•BiomassProduction

•Bagasse

•Forest Understory

•Mixed HardwoodChips

Organic acids,Plastics

FuelEthanol

UF Pilot Plant -- Cellulosic Biorefinery

200 gal ethanol/day (70,000 gal/yr)

3,000 lb of organic acids/day (525 tons/yr)

Size: 3-5 tons of cellulosic biomass/dayEstimate 600 tons per year.3000 gal water/yr, 18 gal/h

If run all the time, 1,750 tons year.

or

CO2

UF-BKI-Myriant

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Florida Site Energy Vision

Electrical IndependenceIncrease renewable energy to 95%

Save the equivalent of 200,000 barrels of oil per yearReduce 87,500 metric tonnes CO2e

Fossil Fuel IndependenceIncrease renewable energy to 100%

Save the equivalent of 250,000 barrels of oil per yearReduce 100,000 metric tonnes of CO2ePermit Green Power Sales to the Grid

Biorefinery Biofuels

Biopolymers