Mitch Mandich CEO Range Fuels Inc Making Advanced

Mitch Mandich, CEO Range Fuels, Inc.

Making Advanced Biofuels a reality – Five key ingredients: 1. A Proven Conversion Process 2. An Abundant, Sustainable and Cost Effective Supply of Feedstock 3. Accessible Biofuels Markets 4. Legislative and Regulatory Support & Clarity 5. A Sustainable System 1

A Proven Conversion Process 2 >>> FLEXIBILITY

K 2 A Optimization Plant, Denver Colorado 3

The Right Location 4

Current Status Soperton, GA 5

Advanced Biofuels – The Path to Success 1. A Proven Conversion Process 2. An Abundant, Sustainable and Cost Effective Supply of Feedstock 3. Accessible Biofuels Markets 4. Legislative and Regulatory Support & Clarity 5. Sustainability 6

Feedstock >>> Abundant means Available q The Technology can utilize: i. iii. iv. Tops and limbs (slash) Understory Pre-commercial thinnings Urban debris q What is the “excess” that can be collected and delivered? i. iii. 7 What’s really out there - slash and understory (pine vs. hardwood stands) Collection and transportation costs will determine what is viable Best Management Practices will be scrutinized

Feedstock >>> The Evolution of Renewable Biomass o Today – Existing Forestry Resources Ø Pulpwood Ø Fuel chips Ø Mill residuals o Phase II – Getting more out of what’s there: Ø In forest residue and un-merchantable timber Ø Pre-commercial thinnings o Phase III – New Sources of Renewable Biomass: Ø Purpose grown trees and energy crops Ø In-woods moisture management 8

Feedstock Supply – Putting the Pieces Together A reliable Advanced Biofuels market for the Feedstock Motivated Landowners 9 A stable and profitable Logging community Practical Regulation in support of Sustainability

Advanced Biofuels – The Path to Success 1. A Proven Conversion Process 2. An Abundant, Sustainable and Cost Effective Supply of Feedstock 3. Accessible Biofuels Markets 4. Legislative and Regulatory Support & Clarity 5. Sustainability 10

Accessible Biofuels Markets >>> What Do We Need? n Higher blends ― Testing indicates +20% is achievable in existing vehicles n Wider distribution ― Only 1, 651 E 85 stations in the United States ― More Flex Fuel vehicles in high mileage cars 11

Advanced Biofuels – The Path to Success 1. A Proven Conversion Process 2. An Abundant, Sustainable and Cost Effective Supply of Feedstock 3. Accessible Biofuels Markets 4. Legislative and Regulatory Support & Clarity 5. Sustainability 12

Legislative and Regulatory Support 2007 Energy Independence and Security Act The RFS is critical to create and support a market The definition of Renewable Biomass needs to be inclusive, not exclusive 13

Legislative and Regulatory Support FOOD, CONSERVATION, AND ENERGY ACT 0 F 2008 n $1. 01 per gallon cellulosic Biofuels tax credit l $0. 56 for cellulosic ethanol l $1. 01 for methanol n Title IX – Energy Programs (key provisions for Advanced Biofuels producers) ― Biorefinery Assistance l Loan guarantees – up to $250 million l Grants – up to 50% of project costs ― Biomass Crop Assistance Program l Provides financial assistance to growers transitioning to renewable biomass for use by biomass conversion facilities 14

Advanced Biofuels – The Path to Success 1. A Proven Conversion Process 2. An Abundant, Sustainable and Cost Effective Supply of Feedstock 3. Accessible Biofuels Markets 4. Legislative and Regulatory Support & Clarity 5. Sustainability 15

Sustainability >>> What is it? Sustainable development marries two important themes: that environmental protection does not preclude economic development and that economic development must be ecologically viable now and in the long run. “Meeting the needs of the present without compromising the ability of future generations to meet their own needs. “ 1 Improving the Energy Balance Reducing the impacts of GHG Reducing the use of water 1 16 The World Commission on Environment and Development – The Brundtland Report - 1987

Sustainability >>> Improving the Net Energy Balance Sources: Argonne National Laboratory, "Energy and Greenhouse Gas Emissions Impacts of Fuel Ethanol" Presentation, August 23, 2005, and the Brazilian Reference Center on Biomass, "Brazilian Sugarcane Ethanol: Lessons Learned" Presentation, December 2005. 17

Sustainability >>> While reducing GHG Emissions GHG emission reductions per gallon of ethanol to displace an energy-equivalent amount of gasoline Source: Argonne National Laboratory, "Energy and Greenhouse Gas Emissions Impacts of Fuel Ethanol" Presentation, August 23, 2005. 18

Making Advanced Biofuels a reality – Five key ingredients: 1. A Proven Conversion Process 2. An Abundant, Sustainable and Cost Effective Supply of Feedstock 3. Accessible Biofuels Markets 4. Legislative and Regulatory Support & Clarity 5. A Sustainable System 19