An experienced Partner in biomass

1. A TRUSTED PARTNER IN BIOMASS
The Fox Group

2. Our Environment
Almost 50% of the Global energy demand is heat derived, which means the majority
of carbon emitters are large power plants that rely on burning finite fuels to produce
our energy. However, global initiatives are underway to sustainably reduce carbon
emissions by converting to a cleaner, renewable fuel source.
We are on the verge of going from this….
….to this.

3. WHY BIOMASS MAKES SENSE
The case for bioenergy:
• Infinitely renewable
• Closed carbon cycle
• Amongst lowest cost renewable
energy
• Only renewable energy capable of
producing ≥ 20% of Total Energy
Demand
• Only cost effective renewable
option

4. We understand the need for a certification system to guarantee
the sustainability of biomass all the way through the supply chain
Wood Pellet production Transport Power Plant
Independent audit on Certified biomass is tracked and traced throughout the Biomass certificate
sustainability of the feedstock supply chain received at power plant
results in certificate
New Systems
 NTA8080 / 81 (NL) Copernicus study shows
 ISCC (Du) that there are currently 59 Overview of initiatives* included in assessment
 EU – RES directive sustainability systems world 3
 GBEP (global) wide.
9
18
Biomass and bioenergy
(incl. electricity labels)
 RSB (Round table Harmonization is essential to Biofuels only
sustainable) enable growth towards a liquid Forestry*
Commodity specific market in biomass. 10
Agriculture (incl. crops and
 RSPO (palm oil) 19
commodities)
 FSC (wood) Social and ethical labels
 RTRS (soya)

5. Sustainable Resource Management
The Fox family understands Resource Management, our lively hood depends
on it! We manage our resources, either physically or via third party
agreements, for an infinite harvest.
• We employ on-site qualified forestry professionals.
• We are committed to the long-term sustainable supply of biomass to our and our
customers operations.
• We partner with fibre suppliers who share our belief in creating long-term value
by combining proven forestry practices with new forestry techniques.
• Under sustainable harvesting techniques, we allow for natural regeneration where
soil & economics conditions are ideal.
• We are strong believers in siviculture management. We actively replant, thin and
provide wildlife refuge to ensure optimal sustainable growth of the natural
resource.
• We develop strong relationships with regulators, environmentalists, public, and
contractors. We have been publicly recognized several times by conservationists &
forest agencies for our forest management practices.

6. Our Partners import bio energy from all over the world….
Netherlands Russia
Canada  Wood pellets Baltics  Wood pellets
 Demolition wood  Sun flower husk
 Wood pellets  Wood pellets
 Wood chips
 Bio Coal
 Bio Coal
Germany
 Wood pellets
US China
Portugal
 Peanut  Wood Pellets
 Olive cake Italy
 Wood Pellets  Bamboo Pellets
 Olive cake
Mexico/
Brazil Thailand Vietnam
 Coffee husk  Wood Pellets  Rice Husk
 Bagasse
Sub-Sahara Africa
 Wood Pellets
 Cocoa Australia
(Malaysia/Indonesia)
Origination market very active South Africa  Wood Pellets
Origination market active
Potential new sourcing markets  Wood pellets

7. … like they are importing coal energy from all over the world.
Poland
 High NCV Russia
 Growing domestic
market  Low Sulphur coals
 Export to inland  Uneconomic in long
destinations (South distances
Germany / Chezc)  Germany / Baltics or
premium market
(UK)
US
 Wide range of
qualities
 Arbitrage domestic /
South America /
Europe
Venezuel
a
 High NCV
 Premium
API2 Colombia markets
Key supply Markets  Generic quality, Indonesia
easily tradeable
 Cape size ports  High volatile,
South Africa lower NCV
 Pacific market
Potential supply  Low volatile, low
coals
Markets Sulphur
 Cape size port
 Atlantic-Pacific
swing market

8. Wind and solar technologies have the lowest carbon footprint while
biomass is lower in co-firing than in dedicated technology
Carbon footprint of electricity generation technologies
Coal
1,000
Gas 929
900
796
Kg of CO2 equi (GWP 100 Years) per MWh elec
800 Biomass
700 Fuel independent 596
600
434
500
296
400
235
300 171 205
130 156
200
5 5 5 53
100
0
Best in Nuclear Best in Solar PV Co-firing Co-firing Dedicated Dedicated Dedicated Palm oil Best in Avg Natural Best in Avg Coal
class (centrifuge class Mono- Torrefied Pellets Torrefied Pellets Wood chips Gas co- class CCGT Gas power class Coal power
Onshore enrichment) Offshore crystalline Pellets made from Pellets made from from sawmill firing power plants - NL power plants - NL
Wind 3MW Wind 3MW made from sawmill made from sawmill residues plants plants
turbine turbine sawmill residues sawmill residues (57,5%) (46%)
residues residues
Raw material sourcing Raw material logistic Construction/Decomissioning Electricity generation Fuel waste product

9. The net carbon savings in ton Co2 /MWhelec is highest for co-
firing, ahead of wind and dedicated biomass
Amount of CO2 saved when renewable technologies replace thermal fired
electricity generation
900 Fuel independent Biomass
800 Wind
Co-firing
Biomass
Kg of CO2 equi. / MWh elec
700
600
500
Dedicated
400 Biomass
300
200
100
0
Best in Nuclear Best in Solar PV Co-firing Co-firing Dedicated Dedicated Dedicated Palm oil
class (centrifuge class Mono- Torrefied Pellets Torrefied Pellets Wood chips Gas co-
Onshore enrichment) Offshore crystalline Pellets made from Pellets made from from sawmill firing
Wind 3MW Wind 3MW made from sawmill made from sawmill residues
turbine turbine sawmill residues sawmill residues
residues residues

10. A Partnership with the Fox Group
• We have over 150 years operating in the North American
Forest Industry
• We have been recognized as leaders in Sustainable Resource
Management
• We have relationships with major European utilities seeking
our expertise
• We have a current development strategy well underway
• We are experienced Project Developers, with a focus on risk
mitigation
• We are well funded and have access to Institutional Capital
• We fundamentally understand how to create and extract
value from the bioenergy supply chain