• Vast Feedstock Resources with Huge Upside Productivity Opportunity

• Progressive Industry Mindset

• Solid Government Support

• Infrastructure-Ready Environment

• Strong International Demand

• Technology is evolving fast…Brazil is well positioned to participate

Renewable Fuels Have a Bright Future in Brazil

All Attributes Necessary to Attract Investment

Many sources of biofuel

Wood chips

Corn stover

Switchgrass

Sugarcane

Corn

Soybean

Algae

Diverse pathways to biofuels

Renewable fuel

Advanced biofuel

• Sugarcane ethanol• Renewable diesel if

coprocessed with petroleum

Cellulosic biofuel

• KiOR• Cellulosic

ethanol

Biomass-based diesel

• FAME biodiesel

• Renewable diesel (no coprocessing)

Cellu

losi

c di

esel

• Corn ethanol

Differing carbon footprints

Sources: TiAX, GREET defaults, CARB lookup table

Synthetic Fuels

Refining

Gasification

Pyrolysis

Fischer-Tropsch

Fermentation

Ethanol/Butanol

Delignification

EsterificationHydrogenolysisDecarboxylation

Stabilization

Vegetable Oil Sugar/Corn Lignocellulosic biomass

Evolution of biofuels and technologies

Upgrading

Methanol

MTG

KiOR: Proprietary catalysts; standard processes

Renewable crude

Hydrocarbons

Hydrotreater

Proven refinery process

Renewable fuel

Today’s gas & diesel

KiOR process

Proprietary catalyst

Biomass

Woodchips/grasses

Proprietary catalysts; Leveraging proven process technology

In Brazil, 60,000 hectares can serve a 1,500 TPD facility

Brazil’s Wood Biomass Potential is Substantial

Source: UN Forestry statistics June 2010

Investment in Renewable Fuels Yield Many Benefits

Sustainable feedstock ManagementCreates jobs in rural areas

Energy independenceSupports future demand