Corporate Presentation January 2024

Renewable Gasoline Carbon Intensity Comparison - CSS Verde's analysis of independent studies indicates renewable gasoline would have the most carbon benefit for transportation Fuels Institute - Life Cycle Analysis Comparison Tons of GHG Emissions at 200k Miles 80 65 5 60 40 20 ° 38 10 60 28 ICE Battery (Conventional Gasoline) Electric Vehicle ("BEC") Materials & Manufacturing Emissions Well-to-Wheels Copyright 2024 Verde Clean Fuels 1 VERDE CLEAN PULS -81 5 -86 ICE (Renewable Gasoline) Volvo Carbon Footprint Report Tons of CO2 Equivalents at 200k km 80 60 58 54 60 40 28 VERDE CLEAN PUELS 7 -77 20 ° 14 17 XC40 ICE XC40 Recharge (Conventional Gasoline) (Global Grid) Materials Production and Refining ■Volvo Manufacturing End of Life Li-ion Battery Modules Use Phase Emissions 14 -94 XC40 ICE (Renewable Gasoline) VERDE CLEAN FUELS Source: Bloomberg NEF, EIA-"2022 Annual Energy Outlook", EPA - "National Overview: Facts and Figures on Materials, Wastes and Recycling", EPA- "Landfill Methane Outreach Program" Landfill and Project Database, Volvo - "Carbon Footprint Report, Battery Electric XC40 Recharge and the XC40 ICE" 1 Materials & Manufacturing Emissions includes Recycling 2 Well-to-Wheels ("WTW") defined as Well-to-Tank ("WTT") plus Tank-to-Wheels ("TTW") 20

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