Renewable Diesel Market Value Proposition slide image

Renewable Diesel Market Value Proposition

IV FEEDSTOCK LOCATION ADVANTAGE Located within the temperate oil seed belt for immediate feedstock access and low-cost logistics 115,000+ bpd of feedstock within advantaged range - 10x coverage Edmonton in the "Saudi Arabia of renewable feedstocks" Feedstock access and logistics; MRL has truck and rail access to all major feedstocks on both sides of the border ⚫ All feedstocks are (1) naturally occurring triglycerides from plant or animal sources and (2) contaminated with organically bound metals and oxygen pretreatment is required (service available in the - market, but MRL will construct its own pretreater) ⚫ Feedstocks will have an EPA-approved pathway yielding D4 RINS • Canola approved for Canada RD already; EPA regulatory approval under way for RD Canola in the US ⚫ MRL enjoys a local sourcing advantage combined with a material logistics cost advantage, making MRL the natural purchaser of choice for: • Canadian Canola Oil (100+ kbd exported today) • Camelina Oil (an emerging high growth rate local non-food crop) Great Falls, MT Canola Growing Density Soybean Growing Density • Tallow (inedible byproduct of animal protein industry) Saskatoon Regina Winnipeg "Doorstep offtaker" for near- term Canola supply, animal waste and growing supply of temperate oilseeds Turorna Cattle Ranching Density Camelina Growing Density BNSF High Line (partial) Monteal 21
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