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Legal Notices & Terms of Use

Copyright © 2018 Gas Technologies LLC. The following trademarks which may be identified in this document are trademarks of Gas Technologies LLC: Mini-

GTL®, GasTechno®, GasTechno® NGL. All other trademarks are property of their respective owners.

Confidentiality

This confidential document has been prepared for those wishing to establish a business relationship with Gas Technologies LLC. By accepting a copy of this

document, the recipient agrees not to reproduce it in whole or in part, not to use it for any other purpose for which the document was released, and not to

disclose any of the contents of this document to third parties without written permission of Gas Technologies LLC. No representation or warranty is made by Gas

Technologies LLC, its partners, or any other entity as to the accuracy or completeness of such information, and none of the information contained within this

document shall be relied upon as an expressed promise or future representation.

Not an Offer of Securities

This document does not constitute an offer of, or an invitation to subscribe to or purchase any Common Stock or other securities of Gas Technologies LLC. Any

decision to invest in Gas Technologies LLC at any time such investment is actually offered, must be based solely upon the information set forth in the Offering

Documents and the due diligence of the prospective investor.

Forward Looking Statements

The company, from time to time, may discuss forward-looking information in this document. Forward-looking statements are based on many assumptions and facts,

and are subject to many conditions, including the receipt or enforceability of contracts, the availability of products and services, the local political, economic and

employment environment and the market for natural gas. Except for historical information contained in the document, all forward-looking information involves

estimates by the company’s management and is subject to various risks and uncertainties that may be beyond the company’s control and may cause results to

differ from management’s current expectations. Actual results, performance or achievements of the company may materially differ from the forward-looking

information and from future results, performance or achievements expressed or implied by such forward-looking statements.

Legal Notices

W E L C O M E

Assessing the major technical challenges associated

with increasing the commercial viability of

carbon utilization (CU) technologies.

.

GasTechno® Mini-NGL + Mini-GTL® Solution

Strategy in North Dakota

Added Value – Higher Revenues

Downstream Chemicals and Fuels

GAS TO LIQUID

LNG

GTL

Fischer Tropsch/Methanol

GTL - GasTechno®

Gas cooled to -162 °C

High CAPEX $1B+ (Large scale/specific applications)

50 acre site with deep water access

Century-old technology / Catalytic process

Elevated CAPEX $80M+ (small-scale applications)

3-4 story permanent complex

New application of non-catalytic reaction

Reduced CAPEX ($2M) Reduced scale /scaleable

Shipping container / scaleable

Solutions

2 to 5 Times Higher Profit Yields

MINI-GTL SINGLE STEP GAS CONVERSION

GasTechno® Mini-GTL®

Associated / Natural / Bio Gas

End Products - Higher Profit Yields Than Natural Gas.

NGLs

Methanol

Ethanol

Diesel

Gasoline

Mini-GTL® E n d P r o d u c t s

No Midstream Costs vs Traditional Methods

FUEL GAS

METHANOL & OTHER

LIQUID OXYGENATES

PROCESS & CAPABILITIES

NON-HYDROCARBON GASES

Hydrocarbon Gas RecycleSelective

gas phase

separation

Reactor Sep

ara

tor

Mini-GTL® End Product

FLARE GAS

OXYGEN

Recycled Gas

Cooling

NGLs

Methanol

Ethanol

Formalin

SINGLE-STEP vs MULTI-STEP (TRADITIONAL)The single-step GasTechno® process has much lower CapEx and OpEx than traditional GTL

Natural Gas

Preconditioning

Methane

Ethane

Propane etc.

Syngas

(CO +H2)

Liquid Products

Diesel

Gasoline

Wax

etc.

Methane

Ethane

Propane etc.

Liquid Products

GasTechno® Single-Step Conversion Process

Traditional Multi-Step GTL Conversion Process

/ASSOCIATED /NATURAL /BIO GAS

C A P E X – C o s t C o m p a r i s o n

Source: Nexant ChemSystems May 2006

CAPEX – COST COMPARISONTechnology Competitiveness Study Comparing GasTechno® to Known Commercial Alternatives

2 0 0 5 - 2 0 1 1

Prototype R&D

Test Mobile

Trailer Unit

2 0 1 2 - 2 0 1 3 2 0 1 4 - 2 0 1 5

Commercial

Mini-GTL®

2 0 1 6 - 2 0 1 7

Testing & Proving

Mini-GTL® Viability

ROADMAP TO COMMERCIALIZATIONC o m m e r c i a l S T E P - U P S

2 0 1 8 - 2 0 2 2

Global Licensing /

Steep Adoption GrowthPortable

Mini-GTL®

INTELLECTUAL PROPERTY

(IP) rank #1

P a t e n t s r a n k e d # 1 i n M i c h i g a n

o n t h e I n n o v a t i o n I n d e x b y I P f i r m

O c e a n T o m o L L C o n J u l y 2 8 , 2 0 1 3

No 1. Gas Technologies LLC

No 15. Michigan State University

No 49. Dow Global Technologies LLC

No 60. GE Aviation Systems LLC

No 65. General Motors Corp

No 76. Ford Motor Co.

No 78. Union Carbide Chemicals

No 79. ThyssenKrupp

No 100. Delphi Technologies

VALIDATIONF i r s t C o m m e r c i a l P l a n t O p e r a t i o n a l

• The first commercial GasTechno® Mini-GTL®

plant is started and operational (Nov 2016)

• Testing of Mini-GTL® plant and safety

validated by third-party consultant

• Certification of Operation (Dec 2016)

GASTECHNO PRODUCTS

GasTechno® Distillation

GASTECHNO PRODUCTS

NEW DEVELOPMENTS & BUSINESS STRUCTURE• SBIR DOE Grant for DMM on June 8, 2015

• Ocean Tomo Patent Valuation of $41.5 million on May 25, 2016

• Patent Transfer pricing study completed by Duff & Phelps on July 10, 2016

• Ocean Tomo Revised Patent Valuation of $135.2 million on January 27, 2017

• Polytechnique de Montréal Agreement for DMM & PolyDMM on November 14, 2017

• Stratas Advisors Agreement to complete a “Market Assessment, Opportunity Assessment and Strategic Implications” on November 30, 2017

• GasTechno Energy & Fuels (USA) LLC has raised $2.8M to date from private investors

• All proceeds used in the development, testing and construction of the existing Mini-GTL® 300 plant and commercial operations at New Haven, MI and Dimond, ND

New Haven, MI Project

Dimond, ND Project

Other projects …

Gas Technologies LLC

GasTechno® E&F USA

10% Royalty for Exclusive License on all IP

Parent:

• Patent owner

• R&D

• Manufacturing

NEW DEVELOPMENTSGasTechno® DMM & PolyDMM

As part of the 4th year chemical engineering design project (3 course equivalent), 5 students estimated the

economics of a plant to produce 1000 bbl/d DMM (dimethoxymethane) from methanol and formaldehyde

(derived from wasted natural gas). They continue with detailed design including an environmental impact

study, HAZOP and CAPEX/OPEX. The results so far are very promising and they will conclude their study

in April, 2018.

Prof. Gregory S. Patience, P.Eng.

Canada Research Chair,

High Temperature, High Pressure Heterogeneous Catalysis

Polytechnique Montréal+ 1 (514) 340-4711 ext. 3439

https://www.elsevier.com/books/communicate-science-papers-presentations-and-posters-effectively/patience/978-0-12-801500-1

tel:(514) 340-4711

https://www.elsevier.com/books/communicate-science-papers-presentations-and-posters-effectively/patience/978-0-12-801500-1

R A P I D S I T E

D E P L O Y M E N T

S I M P L E O P E R A T I O N

M I N I M A L S I T E P R E P

D I R E C T C O N N E C T I O N

T O / F R O M F L A R E

High Recovery

Indirect J-T cooling effect

Turn down up to 80%

~70% C3+ recovered

Perfectly integrates with GTL

Simple hardware / Sophisticated software

No mechanical refrigeration

Hot rich gas cooled

Warm lean gas to Mini-GTL

Minimal moving parts

Low Footprint

Compact 40’ container

Tie-in to existing flare line

Simple gas purchase model

No operator CAPex spent

COMMERCIAL READINESS

FAST TRACK DEPLOYMENTS h o v e l R e a d y P r o j e c t s - S i t e P r e p a n d M o b i l i z a t i o n i n ~ 3 w e e k s

INITIAL GAS CAPTURE Compression & NGL Recovery in North Dakota

C A P E X – C o s t C o m p a r i s o nGASTECHNO DIMOND SITE LAYOUT

Hi – pressure gas

Low – pressure gas

NGL’s

Water & Condensate

Slug catcher

NGL tank

Flare Gas

LEGEND

Compressor

Condensate/water

100’ x 100’ / 1000sq’

GASTECHNO TARGET MARKETBakken shale associated gas flaring

FLARED GAS MARKET POTENTIALb y y e a r 2 0 2 1

US/Canada Total (400)

North Dakota Total

(135)

GasTechno®

Total

(65)

- Based upon our estimate of the applicability of

our technology to particular flares

- This does not include landfill or industrial flares

- This does not include stranded gas opportunities

MARKET POTENTIALT o p M a n u f a c t u r e r s A n a l y s i s i n G T L

b y y e a r 2 0 2 1

HUB AND SPOKE DISTRIBUTED NGL PLANTS

GasTechno® Distillation

NGL Processing

HUB AND SPOKE DISTRIBUTED NGL + GTL PLANTSb y y e a r 2 0 2 1

Methanol & Chemicals Processing

C A P E X – C o s t C o m p a r i s o nOFFSHORE PACKAGE

FOOTPRINT IN PLAN VIEW

A vertical containerized flare recovery

system integrates four 2,500 Mini-NGL

units with four 1,500 Mini-GTL units in a

compact packaged system. Each system

processes 10 mmscfd of flared gas for

offshore or small footprint applications.

C A P E X – C o s t C o m p a r i s o nFLARE INTENSITY REDUCTION – TRACKING THE CARBON

NGLs

34%

GTL liquids

42%

Fuel gas

19%

Flare

5%

NGL separation

alone accounts for

less than a 40%

emissions reduction

100%


Feed Gas

Mole %

Pounds of

CO2

Flared per

MCF

NGL

Recovery

@ 50 F

NGL

Recovery

@ 90 F

Pounds of

CO2

Recovered

per MCF

@ 50 F

Pounds of

CO2

Recovered

per MCF

@ 90 F

Residual

Gas Mole

% to Flare

@ 50 F

Residual

Gas Mole

% to Flare

@ 90 F

Average Pounds of

CO2 Remaining

GasTechno®

Recovery

Conversion of

Average Mole

% of Flare

Gas

Nitrogen - N2 2.88% 0.00 3.52% 3.23% 0.00

Carbon Dioxide - CO2 1.20% 1.37 1.44% 1.34% 1.37

Methane - C1 46.87% 54.88 57.01% 52.46% 54.88

Ethane - C2 18.88% 101.73 7% 3% 7.12 3.05 21.65% 20.68% 96.65

Propane - C3 14.52% 50.69 26% 9% 13.18 4.56 13.20% 14.89% 41.82

I-Butane - IC4 1.72% 7.13 61% 24% 4.35 1.71 0.83% 1.47% 4.10

N-Butane - NC4 6.02% 24.04 72% 32% 17.31 7.69 2.06% 4.57% 11.54

I-Pentane - IC5 1.31% 10.56 93% 66% 9.82 6.97 0.11% 0.50% 2.17

N-Pentane - NC5 2.08% 16.76 95% 72% 15.92 12.07 0.13% 0.07% 2.77

Hexane - C6 1.62% 1.60 100% 96% 1.60 1.54 0.01% 0.01% 0.03

Napata - C7 1.62% 2.26 2.26

H2O 1.28% 0.04% 0.12%

TOTAL 100.00% 271.02 69.30 37.59 100.00% 100.00% 217.59

% of CO2 26% 14% 81% 89% 80% 90-95%

% of NGLs 29% 42% 55% 31% 45% 69% 43%

NGL “ON-SITE” EQUIPMENT – 14-26% CO2 REDUCTION

VS. GASTECHNO® “ON-SITE” – 90-95% CO2 REDUCTION

C A P E X – C o s t C o m p a r i s o nMETHANOL DOWNSTREAM MARKETS

Green Chemicals

Cooking Stove

Electricity (fuel cell)

Propulsion

Fertilizers

Feedstock for Plastics

C A P E X – C o s t C o m p a r i s o nMETHYLAL (DMM) REACTIVE DISTILLATION

Raw GasTechno® blend

Simple distillate product

Excess water

0.4

0.5

0.6

0.7

0.8

0.9

1

0.9 0.92 0.94 0.96 0.98 1 1.02

Normalized Nox

Norm

alized P

M

PM vs Nox Emissions of 7 test fuels (DOE/SWRL)

15% DMM in 85% LS

Neat FT diesel

20% FT diesel 80% LS

20% biodiesel in 80% LS

Ultra low-sulfur diesel

California Diesel

BASE

PM vs Nox EMISSIONS OF 7 TEST FUELS (DOE/SWRL)

DMM & POLY(DMM) MARKET POTENTIAL

The trade data excluded from this analysis suggests prices could potentially be

as high as $10.00-15.00/gallon, but given the likelihood that transaction volumes

will be significantly larger than those available in the overall Indian data, we

recommend using the estimate and methodology given above as a conservative

starting point.

Source: Stratas Advisors: GasTechno Market Assessment for DMM and PolyDMM (Jan. 2018)

PROPERTIES OF POLY(DMM)

DMM DMM2 DMM3-8

Boiling point (F) 107 221 306-599

M.W. 76 106 136-286

Den (g/cc) 0.86 0.973 1.064

O2 (Wt%) 42 45 47-50

FP15% (F) 0 <75 150

Cetane (15%) 32 41 76


Assumptions: Bakken Rich Gas (1735 BTU/scf)

Raw flare gas

(Mscfd)

Gas to GTL

(Mscfd)

Production (BPD) Production (gal/day)

NGLs GTLs NGLs GTLs

400 300 79.6 44.4 3,343 1,864

500 370 97.3 46.6 4,088 1,956

750 520 147.0 111.0 6,172 4,662

1,000 750 189.3 140.5 7,951 5,900

1,410 1,040 261.6 172.2 10,989 7,232

1,750 1,300 323.5 265.2 13,585 11,139

2,000 1,480 370.9 287.7 15,578 12,085

2,500 1,840 460.0 330.7 19,319 13,888

3,000 2,190 555.5 430.6 23,332 18,086

MINI-NGL & MINI-GTL® PRODUCTION VOLUMES

C A P E X – C o s t C o m p a r i s o nGAS FLARING – COST OF PRODUCTION

Costs normalizedto gas purchase

$ per ton

NGL revenue $ 3.09 $ 207.73

GTL revenue (MeOH & EtOH) $ 7.88 $ 528.90

Gas Purchase $ 1.00 $ 67.14

Liquid oxygen purchase $ 1.94 $ 130.35

Lease Expense (NGL and GTL

plants, compressor, tankage,

etc)

$ 2.23 $ 149.50

Insurance $ 0.14 $ 9.26

Service/Maintenance $ 0.42 $ 28.39

Total Operating Costs $ 5.73 $ 384.63

Assumptions:

2.5 MMscfd flare project, Gas purchased for $1.00/mscf, Lease expenses include all CAPEX equipment (5 year lease with 10% IRR)

GTL system carbon efficiency

maximized at ~50% to

ensure that all ISBL and OSBL

equipment is operated locally,

i.e., fully standalone system.

C A P E X – C o s t C o m p a r i s o nNORTH DAKOTA FLARED GAS VALUE CREATED

C A P E X – C o s t C o m p a r i s o nGAS TO CHEMICALS = HIGHER MARGINS

CNG/NGL $4-7

MeOH, DMM $16-

Value Multiplier* Typical Product Slate /MMbtu

POM-H, Propylene $1400-1500/MT

LOCAL JOBS $2000-2500/MT

MAJOR JOB CREATION COMMUNITY WEALTH

INDUSTRIAL GLOBAL GROWTH

GasTechno® liquid oxygenates

Natural gas consumer:

power plants

refineries

manufacturing


Pipeline gas

Applicable to nearly any large natural gas processor or consumer.

Because all product streams are utilized (GTL liquids sold at market value and tail gas sold on the same energy

content), the overall efficiency of this type of application is extremely high.

1000 Btu/scf

850-950 Btu/scf

850-1000 Btu/scf

NEW PROJECT DEVELOPMENT IN INDIAEnergy stripping system

CURRENT NORTH DAKOTA PILOT TESTINGSelective purge

Pure O2 90% O2 Air

2x

N2/CH4

4x

N2/CH4

5x

N2/CH4

5x

(N2+CO2)/CH4

NGLs (gpd) 5490 5490 5490 5490 5490 5490 5490

GTLs (gpd) 4800 4400 2720 3360 3940 4080 4360

Recycled gas HHV

(Btu/scf)715 685 365 480 590 615 670

CH4

C2H6

N2

CO2

CO

H2

N2, CO2, CO, H2

CH4

C2H6Advantages

- No cryogenic O2 storage on oilfield site

- No high-cost O2 compression

- Potential removal of all non-hydrocarbons

(Higher yields)

Selective Purge

Biodigester

Biodiesel


Bulk Algae

FUTURE GASTECHNO INTEGRATED BIOREFINERY

Algae Oils

Biodiesel

Plant

Methanol

Formalin

Ethanol

Oil

Extraction

Algae System

Sunlight

Water

CO2

Glycerol

MethanolBiogas

CO2

CO2 GasTechno®

Process

Overall, this integrated biorefinery has no CO2 footprint beyond fugitive emissions and a diversified slate of

products. Because the economics of this integrated biorefinery does not rely solely on the oil content of algae

(about 60% of revenue is derived from the cellulosic leftovers), this approach has a much higher potential to

succeed than systems which require high oil content that have proven difficult to repeat outside of a laboratory.

C A P E X – C o s t C o m p a r i s o nFUTURE CO2 & METHANE TO FOOD & FUELS

Methanol

DMM & PolyDMM

CO2 & Methane

Methane

GAS VENT

Organic Food

Greenhouse

Waste

CO2 & Affluent

CO2

Biodigester

GasTechno®

Michigan based CO2 scrubber plant currently vents a source of 85% CO2, 13% methane, 1% ethane,

and 1% nitrogen that could be integrated into the GasTechno® process with Greenhouse

Is there an alternative to the Food for Fuels debate?

The Integrated Organic Food & Fuels Refinery Is Possible.

SEEKING PARTNERS - FUTURE DEVELOPMENTHow we are making GasTechno® even more attractive to methane & CO2 conversion

1. Feb. 2018 will install Dual Fuel Methanol & Natural Gas Electric Generator in North Dakota Project

2. Test air compressor in North Dakota in Feb. 2018 and thereby remove pure oxygen

• Substantially reduce liabilities and costs for both Offshore or Stranded Methane

• Increasing system robustness with Nitrogen Separation Membranes

3. Locate partners to build 2 pilot projects in 2018 for integrated biorefinery, food & CO2 conversion

• Biodigester integration with Algae oil, CO2 conversion & Methanol-DMM production

• Biomethane & CO2 integration to make organic food and fuels

• Implement adoption of new CO2 conversion technologies into refinery concepts

4. Provide an integrated manufactured system for gas flaring (NGL + GTL) – smallest Micro-GTL®

5. Develop higher-value markets for the liquid & marine fuel products

• DMM and PolyDMM – Prove PolyDMM is world’s Most Preferred drop-in clean diesel fuel

• Testing raw GasTechno fuel blend for Marine & Dual Fuel Power Systems

Walter BreidensteinWalter Breidenstein, CEO

GasTechno Energy & Fuels (USA) LLC

Tel: +1-231-5352914

[email protected]

www.gastechno.com