The document discusses commercializing Miscanthus as a biomass feedstock. It notes growing government mandates for renewable fuels that will require billions of tons of biomass annually. Miscanthus is presented as a promising perennial crop that can yield 20+ tons per acre with low inputs. Specifically, Freedom Giant Miscanthus is highlighted as the best variety for the Southeast, producing high yields for 20 years with little fertilizer or other inputs. The document outlines the agronomics, yields, economics and developing supply chain for growing and utilizing Miscanthus as a biomass feedstock at commercial scale.

1. Commercializing Miscanthus as a Feedstock www.REPREVERenewables.com www.FreedomGiantMiscanthus.com Freedom Field Day Jan 13, 2011

2. Demand for Biomass

7. Forecasted US Biomass Demand U.S. demand expected to grow from 33 mtpa to 157 mtpa by early 20’s CAGR = compounded annual growth rate MTPA = million tons per year

9. Land Cost Drives Biomass Economics Land cost and suitability drastically impact price per ton ($/mm btu = dollars per million btu’s) Confidential Information

11. Giant Miscanthus 101

12. Miscanthus x giganteus Perennial Energy Grass, Yielding 20+ Tons/Acre

16. Miscanthus is not switchgrass.

21. At Planting Time, Marginal Soil Example

22. 1st Year Plot, August & October

23. Same plot, 2nd year June, 2010 July, 2010

24. 6th Year Plot. Growing at MSU. No fertilizer.

27. Rhizomes

28. Freedom Material Characteristics Moisture Content At Harvest ~ 12% BTU Values: As Harvested ~ 7,250/lb Dry Basis ~ 8,200/lb Wood as harvested: ~ 4,600/lb Ash Content: ~ 3%

29. Yield Comparisons

32. 1 Acre of Freedom 28 tons total over first three years 20-25 tons/yr each year thereafter 288 tons after 16-years of harvest 18+ tons/year cumulative yield 12-15% Moisture Content

33. Grower Economics

34. Grower Economics

35. Grower Economics

36. Grower Economics

37. Scaling-Up: Our Growth Model

40. Greenhouse for Trials/Research Also utilized greenhouses and fields to accelerate propagation

41. 500 Acres of Foundation Stock

42. Southeast Demo Plots

43. Supply Chain Logistics

47. Handling and Conveyance

48. Transportation Efficiencies

50. Field of Freedom Giant Miscanthus

51. Thank you for your time. Contact: Phillip Jennings [email_address]