OVERVIEW Presented to the Lower Neuse Basin Association and the - PowerPoint PPT Presentation

OVERVIEW Presented to the Lower Neuse Basin Association and the Neuse River Compliance Association May, 2016

Who is Carbon Cycle Energy? Carbon on Cycle e Energy gy (C2e) e) is a renewable ble energy y develop elopment ment compan any y focuse sed d on buildin ding g ana naerobic robic digest ester ers s th that t re recycle e agri ricultur ultural al and nd food waste into “green” biofuels 2

The C2e Difference As As a developer loper, C2e ident ntif ifies es wa waste reco cover ery y oppor ortuni tunitie ties s and d then n finance nces, s, design gns, s, builds, lds, ow owns s and operat ates s digester er-to to-biofue biofuel plants. s. The company y has a p portfolio folio of projects ts in development that are some of the country’s largest t anaerobic ic digesters s and biogas upgrade facil ilitie ities. s. 3 Harvard Business Review, Reprint No. 92405

Our Team Experience Extensive experience designing, building and o operatin ing fine  chemical and biotechnology processing plants for Fortune 100 companies worldwide Fossil fuel and renewable energy expertise on $billion capital  projects including: engineering, , constr truct ction ion, , start-up and operation ions Specialization in scale-up and i integratio tion of comple lex process sses s  and e equipment t packages es including world-class gas separation technologies Comm mmod odity ity trading and r risk ma manageme ment t throughout the US  and Canada — over $5 billion in commodity transactions. Managed books totaling over $4 billion in physical and financial positions Built t and o operated pipelines and i intercon onnect ection ions s in markets  throughout the US 4

What Does It Take? To buil ild renewable ble resour ource ces s that t are comple pletely sustai tainabl able and offer net et carbon bon-ne neut utral ral perfo form rmance ance, you need:  The Right Biomass ass … Diverse feedstocks obtained from a broad range of agricultural, food processing and other industrial plants  The Right Techno hnology gy … High capacity commercial anaerobic digesters offer reliability and redundancy for high uptime High efficiency treatment system converts raw biogas into consistent pipeline quality methane  The Right Mark rket … Strong appetite for renewable biofuels driven by changing laws, environmental stewardship, increased awareness, and renewable portfolio standards 5

Off-take Market Access  30 years of energy commod modit ity tradin ing g exper erti tise se  Back office ability to delver directly to our partners via EPA displacement rules  Offtake agreements in place with major US “green” corporations  Well established relationships with some of the county’s larges gest t utilities ities  Supply and trading relationships with the oil majors  Delivery of CNG/LNG LNG for fleet et trans nspor porta tati tion on fuels 6

What Does The Project Avoid? Anaerobi bic c dig igestion estion pro rovid vides es an envir iron onment ntal ally ly frie iendly dly alt lter ernat ative e to oth other r for forms s of wa wast ste dis ispos osal al, avoid iding ng :  Damaging methane emission  Landfill waste  Groundwa water conta tamin inatio tion and r run-off f  Incineration  Land a applicatio tion of solids  Subsurfa face e injecti tion on of liquid wa waste  Composting  Waste use in animal feeds  Community odor problems 7

Base Digester & Biofuel Facility Capita tal const nstruction ruction pro roje jects cts consi sisti sting g of:  Material transfer and receiving  Biogas upgrade system  De-packaging operation  Pipeline inter-connection  Anaerobic digester complex  Bio-solids processing Imme mediat diate & Long ng Term m Econ onomi mic Benef efits its to the Region ion 8

Digester Capacity and Feedstock Supply North h Carolina olina Anaerob erobic c Diges ester er – slated ed fo for 2017:  Location in Eastern NC – feedstock sources within 125 mile radius (includes I-40 corridor from Raleigh to Wilmington)  Complete chain of custody  Certification of Anaerobic Digestion that assures pathogen destruction  Bio-fibers from AD process used for organic agricultural fertilizer, animal bedding or biomass power 9

What Can We Digest?  Animal waste including fresh chicken n litter/ er/ho hog g and cow ow manur nure  Organic processing waste (DAF / Offal)  Packaged food (expired/recalled)  Post-consumer food waste  Scrap food waste from processing  Starches  Sugars  Grains  Milk Products  Whole e animal mals  Bloody cardboard  Nearly anything else that’s organic 10

Benefit to Local Farmers & Producers Facili lities ties that t send d their ir organi nic c wast waste e to the anaerobic obic dig igest ster er wil ill l reali lize ze:  Reduced methane gas emissions, odor reduction run-off f contr trol ol and pathogen destruction.  Improved carbon footprint for facilities trying to help the environment or achieve corporate standards.  One-stop recycling that can handle l iquids (DAF), solid processing by-products and packaged goods  Long-term processing agreements that allow facilities to reserve space in the digester – Only material under contract accepted at facility CERTIFICATION of PATHOGEN DESTRUCTION 11

Economic Impact North th Caroli rolina na Econo nomi mic c Developm elopment ent  Near term project construction and roadwork jobs  Economic development in rural region  Approximately 30 new permanent jobs created  Trickle-down effect to local retailers from daily truck traffic moving through the I-40 corridor  State and local tax revenues 12

Next Steps For r More re Info form rmation tion, , contact act: GREG G BRO ROWN WN North Caro rolina lina Ac Account nt Manage ger Gr Greg.Br .Brown@c2 wn@c2-ene energ rgy.com .com (919) ) 215-5196 cell 13

Biomethane Project Discussion, July 14, 2014 14