Verde Clean Fuels, Inc. · NASDAQ:VGAS
Verde Clean Fuels — Investor Presentation (January 2024)
21 slides from Verde Clean Fuels's investor presentation, January 2024
Slide 1: Corporate Presentation
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Slide 2: Forward Looking Statements
Forward Looking Statements This presentation (the "Presentation’) includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange Act’). Verde
Slide 3: The low-carbon car of the future is the one you're already driving
The low-carbon car of the future is the one you're already driving. Verde Clean Fuels offers a clean alternative to petroleum-derived gasoline. Our technology converts waste feedstocks to gasoline compatible with standard car engines and existing refueling infrastructure.
Slide 4: Advantages of Verde's Proprietary STG+ Process
Advantages of Verde’s Proprietary STG+ Process Utilizes Low Value, Widely Available “Waste Feedstocks” to Produce ✓ Clean Gasoline ✓ ✓ ✓ Logistically Advantaged Feedstock Supply is Abundant ✓ ✓
Slide 5: Advantages of Verde's Proprietary STG+ Process
Advantages of Verde’s Proprietary STG+ Process Biomass – cellulosic waste Flared natural gas Stranded natural gas • Sourced from wood waste, • Sourced from existing • Sourced from flared natural agricultural waste, and other natural gas reserves without gas from oil & gas operations cellulosic waste
Slide 6: These Waste Feedstocks Are Widely Available in the US
These Waste Feedstocks Are Widely Available in the US Agricultural Waste, Separated Disadvantaged/Flared Natural Gas Yard Waste Agricultural Waste Agricultural/Orchard Waste Timber Wood Waste Agricultural Waste, Separated Yard Waste Disadvantaged Natural Gas Disadvantaged/Flared Natural Gas Pine Ind
Slide 7: Advantages of Verde's Proprietary STG+ Process
Advantages of Verde’s Proprietary STG+ Process STG+ Gasoline from STG+ Renewable Refinery Gasoline Electric Vehicles Flared Natural Gas Gasoline w/ CCS Materials / Manufacturing Feedstock / Source Vehicle Emissions Recycling Opportunity Total Carbon Footprint (Tons CO 2) Refinery Electric Vehicle, S
Slide 8: Advantages of Verde's Proprietary STG+ Process
Advantages of Verde’s Proprietary STG+ Process Benchmark CO2 Emissions Reduced CO 2 Emissions Refinery Fuel Green Alternatives 2050 Penetration Rate (MM Tons/Year) (MM Tons/Year) (%) 50% 1 130 Jet Fuel 261 SAF Industry Goal Diesel 468 Renewable/Bio Diesel 8% 2 37 Gasoline 1,086 Electric Vehicles 31%
Slide 9: STG+ Gasoline – A Perfect Substitute for Petroleum-Derived Fuel
STG+ Gasoline – A Perfect Substitute for Petroleum-Derived Fuel Requires No Change to Consumers, Cars, or Infrastructure ✓ 268MM ICE vehicles on the roads today can take part in decarbonizing transportation ✓ ✓ No other commercially available Gasoline alternatives
Slide 10: Illustrative Economics
Illustrative Economics Key Assumptions: Key Assumptions: • Capex = $325MM • CapEx = $235MM • Crude Oil = $70.00 • D3 RIN = $3.00 • Crack Spread = $24.50 • LCFS = $80/to CO2 • RBOB = $2.25 • Natural Gas = $2.50
Slide 11: Cottonmouth JV – 1st Project Location
Cottonmouth JV – 1st Project Location Project Location • Located in Martin County, Texas in the heart of the Permian’s Midland Basin • Existing Diamondback location with access to power, water and gas metering infrastructure • Current pipeline infrastructure throughout the basin is insufficient, lea
Slide 12: Elk Hills Project Overview
Elk Hills Project Overview Project Location • Location: Martin County • Located at California Resources Corp.’s Net Zero Industrial Park in Bakersfield, CA • Area produces significant amounts of agricultural waste from almond orchards, providing low-cost feedstock for STG+ process • Renewable gasoli
Slide 13: Geopolitical Dependency
Geopolitical Dependency China is Dominant in Mineral Processing1… 40% of Total Global Oil Production is at Geopolitical Risk 100% 80% 60% Russian Oil = 11% of Total 40% Other, 55 Russia, 9.7 20% 0% Saudi Lithium Nickel Cobalt Graphite Arabia, 10 China Australia Indonesia Europe US Other Iraq, 4.3 Mi
Slide 14: Appendix
Appendix Verde Leadership Verde Technology Carbon Intensity Validation
Slide 15: Management Team
Management Team • • • • • • • • • • • • •
Slide 16: Verde Board of Directors
Verde Board of Directors • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 16
Slide 17: STG+ Compared to Other Processes
STG+ Compared to Other Processes 17
Slide 18: New Jersey Demonstration Facility Has Proven Our Technology
New Jersey Demonstration Facility Has Proven Our Technology ✓ ✓ ✓ ✓ 18
Slide 19: Verde's U.S. Patents
Verde’s U.S. Patents Ge RDE Title Description Patent Number Date Issued Single-Loop Octane Enrichment Coversa system for making high octane fuel; the system includes single loop system, e.g., the system of US Patent No. 9,169,166 or US Patent No. 9,670,416, for making medium octane fuel, and an octa
Slide 20: Renewable Gasoline Carbon Intensity Comparison - CSS
Renewable Gasoline Carbon Intensity Comparison - CSS 1 2
Slide 21: investor@verdecleanfuels.com
investor@verdecleanfuels.com
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