altair fuels camelinatallowbio refining greenjet fuel next generation aviation biofuels

AltAir Fuels Camelina Tallow Bio RefiningGreenJet fuel

Next generation aviation biofuels

The Vision

Science Agriculture Refining

H

Targeted Growth, Inc.

Camelina (Sustainable Oils, LLC)

Major Food Crops Dedicated Industrial Crops

Corn

Soybean

Canola

Rice

Algae

Wheat

Canola Field Trials in Saskatoon July 2007Soybean Field Trials in Chile February 2008

50% 77% 150%

Soybean Canola

TG Ctrl

Loc 1

TG Ctrl

Loc 2

TG Ctrl

Loc 3

TG CtrlTG CtrlTG Ctrl

Loc 1 Loc 2 Loc 3

50% 67% 35%YieldIncrease

YieldIncrease

Designer Fuel- Carbon Length

Expression of a C16 thioesteraseExpression of a C12 thioesterase

GasChromatography

The Vision

Science Agriculture Refining

Does not compete with food

100% Drop-in replacement

84% GHG reduction vs. Jet-A*Based on results from Michigan Technological University Life Cycle Assessment (LCA)

Camelina Feedstock

GreenJet/Diesel Fuel

GreenJet™ Process

Fuel From Camelina - Next Generation Biofuel Feedstock

8

Camelina Development NurseryBozeman Montana

Breeding goal: Grain yield

0

200

400

600

800

1000

1200

0 1000 2000 3000 4000

Grain yield (Lb/A)

Oil

yie

ld (

Lb

/A)

r = 0.98 ***N = 372

0

200

400

600

800

1000

1200

29 34 39 44

Oil content (%)

Oil

yiel

d (

Lb

/A)

0

200

400

600

800

1000

1200

0.6 1.1 1.6

Seed weight (g/1000)O

il yi

eld

(L

b/A

)

Camelina Breeding Project

11

Camelina Field Trials

Camelina Field Trials

Hundreds of field trials – 30 US States, 5 Countries”

The Vision

Science Agriculture Refining

Lipid Feedstock

FeedPre-treat

deCO2

& HDOSeparation

SelectiveHydrocrack

ProductRecovery

LightFuels

SPK Jet

GreenDiesel

RecycleRecycle Oil

H2

Water, CO2

Hydrotreatment Process • First reaction removes oxygen from natural oils• Produces diesel range waxy paraffins• Second reaction “cracks” diesel paraffins• End product is molecularly identical to aviation fuel

13

UOP Hydroprocessing / Isomerization (Ecofining™)

Camelina / Oilseeds /Tallow

AlgaeOilSeparator

SeedCrusher

SeedMeal Revenue

Co-ProductsRevenue

Jet – AFuel

GreenDiesel

Car / TruckMarineCustomers

CommercialAviationCustomers

GreenJet Process - Feedstock Agnostic

14

AltAir Fuels CEO – Tom Todarowww.altairfuels.comAdvanced Biofuels Leadership Conference

ALTAIR FUELS Next Generation Aviation Biofuels

ECOFINING™ TECHNOLOGYUsing Honeywell UOP’s next generation Hydroprocessing technology, AltAir Fuels has already produced and tested over 500,000 gallons of HRJ-8 jet fuel..

Growing pains• Tom- “a whole bunch of the camelina seed blew

out of the back of the trucks”

• “we estimate we could complete your request in 3-6 years”– Request for ruling from gov’t agency

• “get off my land farmer” - to camelina salesman– Farmer was holding a shotgun.

It is cold and snows in Montana

EquityCommercial Debt

AltAir Fuels Project Team

CustomersCustomers RegulatoryRegulatory Site LocationSite Location FeedstockFeedstock

U.S. OilU.S. Oil U.S. OilU.S. Oil

Flight Tested Jet Engine PartnersFlight Tested Jet Engine Partners

ConstructionConstructionEngineeringEngineering

Bio-RefiningBio-Refining

Camelina

Airline Customers:

Poultry

Tallow

Algae

Jatropha Algae & Jatropha

Camelina, Algae Camelina

Ms. Boeing, Seafair, Seattle WA

19

AltAir Fuels, Boeing, UOP - GreenJet fuel flight-test partners

December 30th, 2008 January 7th, 2009

January 30th, 2009 August 2nd, 2009 November 23rd, 2009October 13th, 2009

CamelinaCamelina

Bio-refiningMarch 22th, 2010

Camelina

AltAir Fuels Camelina Algae Bio RefiningGreenJet fuel

Next generation aviation biofuels

Thank You!