Renewable Diesel Market Value Proposition

" RENEWABLE DIESEL MARKET CONCLUSION Biofuels are a mandated product required to meet numerous growing LCFS and RFS statutes 。 Biodiesel: 2 billion gallons of biodiesel currently produced - no growth. 。 Renewable diesel: 1 billion gallons currently - but economically superior to biodiesel; capturing all the growth Feedstock costs, RIN prices, LCFS prices and the Blender's Tax Credit interact to ensure that the incremental biodiesel facility is profitable and can continue to generate mandated products • Thus, Renewable Diesel has incredibly strong and stable margins above the biodiesel base 16

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