1Q23 Earnings and Operations Update slide image

1Q23 Earnings and Operations Update

DEN Investments in Innovative Capture Technologies ION CLEAN ENERGY aqualung Advanced liquid absorption technologies in ICE-21 and ICE-31 Significantly reduced cost structure - At least 95% capture efficiency - Extremely low emissions; low energy requirements - - Faster solvent kinetics Unprecedented solvent stability Target emitters: - Large scale post combustion > 500,000 mtpa Developing modular capture units for smaller scale . Hybrid facilitated transport membrane • Lowest capture costs of membrane technologies · - Patented coating process drives passive CO2 separation resulting in substantial energy savings - Technology utilizes commercially available membrane capacity which materially drives down capital costs Highly compact and fully scalable Target emitters: <100,000 to 500,000+ mtpa - Low CO2 concentration (3.5%) to high (30%+) Denbury Inc. 18
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