Investor PresentationAugust 2010

Tim Haig, CEO

Chris Clinning, CFO

22

Forward-looking statements

This presentation and our answers to questions contain statements about expected

future events and financial and operating results of BIOX that are forward-looking.

By their nature, forward-looking statements require BIOX to make assumptions and

are subject to inherent risks and uncertainties. There is significant risk that the

forward-looking statements will not prove to be accurate. Readers are cautioned not

to place undue reliance on forward-looking statements as a number of factors could

cause actual future results and events to differ materially from that expressed in the

forward-looking statements. Accordingly, our comments are subject to this

disclaimer and qualified by the assumptions, qualifications and risk factors (including

those associated with legislation affecting the biodiesel industry, the availability of

producer payment programs, and commodity prices) referred to in BIOX’s public

disclosure documents filed with Canadian securities regulatory authorities. Except

as required by law, BIOX disclaims any intention or obligation to update or revise

forward-looking statements.

33

This IS NOT sustainable

ENERGY SECURITY

FINITE DIRTY

44

Energy security: An escalating issue

35%SaudiArabia

RussiaUnitedStates

ChinaIndia

Iran

Canada

UAE

VenezuelaMexico $400B

2008 U.S. Oil Import Expenditure

Oil Production by Volume

Oil Consumption by 2030

Angola

Nigeria

AlgeriaKuwait

IraqBrazil

Norway

Libya

Source: CIA Factbook, 2010 Source: Congressional Research Service, 2008

55

This IS sustainable…

DOMESTIC RENEWABLE CLEAN

66

A better fuel for a cleaner world

Produced from multiplefeedstock sources

Soybeans

Rapeseed

Palm oil

Jatropha

Yellow grease

Animal fats (white grease, tallow) 

Future feedstocks (algae, etc.)

CO2

90

50CO

particulate matter

50

~

~

%

%

%

~

77

Renewables are inevitable

Clean Air Act of 2006Gazette, April 10, 2010

Renewable Fuel Standard ProgramRFS-2, February 2010

Renewable Energy DirectivePassed in 2007

Renewablecontent in diesel

by 2011 2%

by 20122> %

by 20105.75%

88

Mandated demand for renewables is taking off

2012 demand for renewables in diesel2009 biodiesel production

Billions of litres

4

0.60.12

3.81.4

14.87.5

0 2 11 139 157

99

Mandates should transform biodiesel pricing

Biodiesel price

+ Petroleum diesel price

+ Incentives  

Today Post-mandateBiodiesel price

+ Input costs

+ Profit margin 

(Voluntary) (Obligatory)

1010

of production costs are feedstock costs

80%~Historically

1111

The BIOX multi-feedstock advantage

High FFA feedstocks historically trade at

35-40%discount to seed oils

impedeHigh levels of FFAs

traditionalconversion processes

2008 U.S. Biodiesel feedstock sources

Low FFAHigh FFA  

17%

26%Other

57%Soy

White greaseYellow grease

Tallow

1212

BIOX’s proprietary production process

CosolventTechnology

FFA conversion vs. FFA pretreatment

Acid

Base

Cosolvent(recycled)

Feedstock100

Alcohol8

Biodiesel93

Bioheat7

Glycerin8

Highest possible yields >99%

Continuous process<90 minutes

True multi-feedstock capability

Permits high FFA content– Tallow– White grease– Used cooking oil– Crude palm oil

FFA converted

1:1 yield

Low temperature (60°C)

Atmospheric pressure

99.99% recycled

Efficient “mass transfer”

12

1313

The impact of our technical advantage

Competition BIOX

Chemistry consumptionlikely higher

Higher priced low FFA feedstockor pretreatment= yield loss

Yield: ?

35-40% price discounton higher FFA feedstock

Cannot use less chemistry (stoichiometrically)

Yield: 1:1

Atmospheric pressure andambient temperature= low energy cost

Energy consumptionlikely higher

BIOX = low cost provider 13

1414

Biodiesel directly competesagainst fossil fuel prices;

Many of our competitors sit idle

Biodiesel prices basedon production costs;

BIOX maintains cost advantage

The BIOX economic advantage

Obligatory (post-mandate)Voluntary (pre-mandate)

Biodiesel fixedto diesel price

Unprofitable

30% lower cost

Traditional(soy feedstock)

Biodiesel price

BIOX (multi-feed stock)

Traditional(soy feedstock)

30% lower cost +

industry margin

Biodiesel fixed to feedstock price

Biodiesel price

BIOX (multi-feed stock)

14

1515

Our key assets

Nameplate

commercial-scale facilityAdequate resources

to build second processing facility

67

million litres/year 46 million

raised in RTO

$

1616

Canada’s largest biodiesel producer

161 produced to date

millionlitres93

1717

Our Hamilton I facility

Designed, built, owned and operated by BIOX

Location: Hamilton, Ontario

Biodiesel produced conforms to North Americanand EU standards

Operating at full production levels since April 2008

Small footprint 10,000 ft2

Modular design

1818

We select the optimal locations

Access to

Proximity to plant-based feedstock

Access to

Petroleum distribution infrastructure

Customers(refiners and importers)

Transportation logistics

Favourable jurisdictions

Multiple feedstocks

Traditional producers

BIOX

Biodiesel plant

1000 ft

500 ft

BIOX facility

Shellterminal

Downtown Hamilton

18

1919

Our next facility

Financing in place

Fabrication (9 months)

Assembly (45 days)

Maximum capacity

(3 months)

Permitting

67 million litres/year nameplate facility

Estimated processing plant cost:$38-40 million

No significant reengineering

No major changes inconstruction methods

Established relationships with experienced contractors

Noscale-up

2020

Glycerin

Revenue generators

Biodiesel 95% of revenue

Off-take agreements

Balance sold on North American or European biodiesel spot market

Anticipate directsales to majorpetroleum companies(obligated parties)

Carbon credits

2121

Corporate overview

TSX symbol BX

Market capitalization $52.4 mm

Share price* $1.15

Cash $31.6 mm

Working Capital $35.0 mm

Debt $12.0 mm

Shares outstanding 45.7 mm

* As of Aug 10, 2010

2222

2010 Q3 review

Q3 2010 YTD (in thousands)

14,400 41,800 Production (litres)

7,100 33,000 Sales (litres)

$6,600 $33,000 Sales revenue

$3,100 $400BIOX Canada1 operating lossprior to non-cash items

$4,500 $4,000Operating loss prior to non-cash items

$6,000 $13,0002 Net loss1 BIOX Canada = Hamilton I facility2 Included $3.9M of non-recurring non-cash warrant valuation charges and non-recurring costs of $0.6M related to the amalgamation

2323

Management

Tim HaigChief Executive Officer

Kevin NortonChief Operating Officer

Chris ClinningChief Financial Officer

Scott LewisVice President, BusinessDevelopment and Sales

Nak PaikVice President, Operations Officer

Neil Van KnotsenburgVice President, Projects

Founded BIOX

Patented the process

Purchase patentsfrom UofT

Built two pilot plants

Raised capital forfirst plant

Constructed, commission and operate largest plantin Canada

2424

BIOX

Mandates should drive market economics(demand and repricing)

Technology leads to low costprovider in growth markets

Currently has assets generating cash flow

Possess capital to build additional capacity

Highly experienced management team