igp china business review

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Proprietary & Confidential Cleaning the Air

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Page 1: Igp china business review

Proprietary & Confidential

Cleaning the Air

Page 2: Igp china business review

Proprietary & Confidential

January 12, 2013

Choke PointParticulate Matter – airborne particles smaller than 2.5 micrometers – is one of the great problems with diesel-fueled trucks and bussesPM 2.5 pollution has killed some 8,600 people prematurely in 2012 and cost $1 billion in economic losses in four Chinese cities.–According to a study by Beijing University and Greenpeace.

Bad Even For Beijing: Smog Hits Extreme

Levels

57 % of Chinese citizens say Environmental Protection should be the#1 Priority*

Chinese poll results

Page 3: Igp china business review

Proprietary & Confidential

DATA: In steady-state testing, up to an 85% reduction in the filter smoke (PM) number was shown using a 40% blend –Argonne National Labs

If adopted in Beijing and 3 other Chinese Cities,First year savings:• 7,310 lives • $850 Million in

damage

PM 2.5 Solution: IGP BLUE™

Page 4: Igp china business review

Proprietary & Confidential

Global Conversion Platform:Isobutanol– Large scale production

44

Feedstocks:Natural Gas

MSW

BreakthroughTechnologyPlatform

Isobutanol

Syngas

Products:Isobutanol

Diesel Blending

Jet Fuel

Page 5: Igp china business review

Proprietary & Confidential5

China Policy: Energy Security, GDP, Domestic Production, Jobs Domestic Production, \Each pin represents a coal to chemical (CTL) many can be converted to IGP technology

Page 6: Igp china business review

Proprietary & Confidential6

What are our chances?

• Proven Management with track record of success

• Large and growing market

• Significant unmet need

• Novel Product expected to:– Reduce PM up to 85%

in diesel trucks and busses

– Help people breathe easier

– Support government goals

– Favorable economics for value chain

• Key Strategic Partners= Quick Growth

We are doing our part to improve the currentenvironmental crisis

Page 7: Igp china business review

Proprietary & Confidential7

IGP Profile

Management Team

Seasoned industry professionals:Amoco, BP, Mobil, Johnson Controls, Haldor Topsøe, US DOE, DOD, Chinese State Owned Enterprises

Board of Directors

Senior Executives: Former CFO AMF and W.R. Grace, current MD of TPG China, 4 star General US Military, DOD, OMB, multiple IPO’s and public boards

Technology 17 year exclusive with co-development partner, a $1B industry leader in chemical synthesis technology, IGP IP filed

Product viability

Validated in Studies by Argonne National Labs, Sandia National Labs, BP, State of California, US EPA

Market $20-30+ B in China alone, US ethanol alterative from natural gas, > $2/gal loaded costs, US alt jet fuel

Page 8: Igp china business review

Proprietary & Confidential8

IGP Profile

Scale up Traditional chemical process similar to ammonia and methanol production

Regulatory Product approved for blending into fuel in the US at 12.5%, ASTM jet fuel approvals expected 2014

Joint Venture Negotiations

Definitive 25-year contract complete and signed by Yankuang Group a Chinese extra large State Owned Enterprise. Public markets: NYSE, HK, Shanghai, Aus

Government Approvals

Chinese NDRC and SASC approved, final agreement with chop complete. Filing process underway.

Financial Policy Bank backing, JV contract partner large balance sheet, capital efficient LP project finance business model, high corporate IRRs

Page 9: Igp china business review

Proprietary & Confidential9

IGP-Yankuang final JV Signing James Lamoureaux and Mr. Chu Hongchun