Renewable Diesel Market Value Proposition

MFEEDSTOCK SUPPLY: COMPLETING EXECUTION Feedstock Type Supplier Supplier A Supplier B Tallow Supplier C Industry Global Conglomerate Meat Processor Meat Processor Volume (bpd) 1,000 500 500 Supplier D Diversified Producer/Aggregator 500 Supplier A Global Conglomerate 1,000 Canola Supplier E Global Conglomerate 500 Supplier F Global Conglomerate 500 Supplier D Diversified Producer/Aggregator 500 SBO Supplier A Global Conglomerate 500 DCO Supplier G Supplier D Diversified Producer/Aggregator Diversified Producer/Aggregator 3,000 3,000 (treated and untreated) Targeting a mix of term and spot supply to balance risk mitigation and value optimization MRL's geographic advantage makes sense to suppliers-oversubscribed on offers; prioritized subset of suppliers using C.I. optimization model (feed quality, geography and price) to optimize feedstock flexibility • Signed contracts for commissioning requirements • 2023 volume in late stages of negotiations 22 22

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