Vertex Energy Used Motor Oil Recycling Industry Overview

Used motor oil recycling value chain Generators Collectors Aggregators Processors End Users ✔jiffy lube VERTEX ■ Jiffy LubeⓇ, car dealerships, etc. ■ Collect used oil from generators ■ Purchase used oil from collectors ■ Highly fragmented ■ Sell and deliver it as feedstock for processors Vertical integration enables Vertex to control more of the value chain and capture higher margins. ■ Technology upgrades feedstock into higher value end products ■ End product is used as an industrial fuel, ship fuel, base oil or refinery feedstock VERTEX. ENERGY 13

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