Corporate Presentation January 2024

VERDE CLEAN FUELS Cottonmouth JV - 1st Project Location Key Partners Gas Supply: D DIAMONDBACK ENERGY Equipment/Engineering: Koch Modular PROCESS SYSTEMS Project location Located in Martin County, Texas in the heart of the Permian's Midland Basin Existing Diamondback location with access to power, water and gas metering infrastructure Current pipeline infrastructure throughout the basin is insufficient, leading to constraints and flaring >50MMcf/d can be delivered to site • • ° Project Goals and Details Diamondback Energy - Leading Permian Basin Producer Diamondback site - additional project locations available 34 MMcf/d of natural gas to be used as feedstock Produce 3,000 bbl/d RBOB gasoline • $325MM estimated Capex Permian gas trading at WAHA (disadvantaged) could support >25 plants First commercial plant proves concept Opportunities in other gas-prone basins (eg: Marcellus; Bakken) Global flaring and stranded gas opportunities TEXAS Matador Arch NEW MEXICO Midland Basin. Marathon-Oachita Fold Belt The Cottonmouth JV Can Serve as a Template for Similar Future Projects in the Permian and Appalachian Basins in the U.S., as well as Globally Each green dot represents an oil well with potential for associated gas Copyright 2024 Verde Clean Fuels 11

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