Corporate Presentation January 2024

Illustrative Economics $2.25 $4.50 RBOB D3 RIN Copyright 2024 Verde Clean Fuels Renewable Gasoline with CCS $1.50 $1.75 $(0.50) LCFS 45Q $(3.35) $5.03 $(1.12) Feedstock OpEx Carbon... Margin • Key Assumptions: • CapEx = $235MM • D3 RIN = $3.00 LCFS = $80/to CO2 $2.25 Natural Gas-to-Gasoline $(0.67) $1.18 $(0.40) RBOB Natural Gas ($/gal) Operating Costs Margin Key Assumptions: Capex = $325MM • Crude Oil = $70.00 Crack Spread = $24.50 • RBOB = $2.25 • Natural Gas = $2.50 VERDE CLEAN FUELS 10

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