Investor Presentaiton

Dickinson Renewable Diesel Produce renewable diesel to capture economic opportunity created by California Low Carbon Fuel Standard and Federal Renewable Fuel Standard Convert refinery to process soybean and corn oil to make 12 MBPD of renewable diesel Local feedstock supply advantage Leverages existing infrastructure Project details and estimates: Planned completion late 2020 ~ Capex $455 MM EBITDA ~ $180 MM¹ - IRR > 30% 1 EBITDA is projected average annual M MARATHON 27

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