Summary Observations Regarding CVR's Campaign
D
Positioning for Energy Transition
Existing footprint in biodiesel and reviewing opportunities in renewable diesel and de-carbonization
Existing Position in Biodiesel
Operate 3 Biodiesel Facilities:
~40mm gallons of annual
biodiesel production capacity
(equal to 407,200 metric tons
of carbon reduction) (1)
Actively Exploring Renewable Diesel
Opportunities
$13.3 million option to
acquire a 33% indirect
economic interest in
Bakersfield, CA:
220mm gallons annual
production capacity
Innovation is Part of Our Core Values
Centralized
Data &
Command
Center
Asset
Management
Operations
&
Safety
Retail
Customer
Experience
Innovation
ECO
system
New
Energy
Cleburne, TX Crossett, AR New Albany, MS
Integrated with refining system and
generates substantial RINS
Bakersfield, CA
Process
Automation &
Optimization
Carbon
Capture
Capital-light approach provides
optionality
Dedicated innovation team led by Sarit
Soccary Ben-Yochanan, a 15-year
industry veteran
"... DK's option for 73mmgal of RD exposure will cost just 18c/gal, far and away the
lowest when most other projects are in the $1-3/gal range. Furthermore, the Global
Clean Energy will grow its own feedstock... allowing it to potentially avoid the recent
trend in higher raws."
- Tudor, Pickering, Holt (2) (2/25/2021)
Source: Global Clean Energy Holdings' public filings
EPA (https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator)
Permission to quote was neither sought nor provided
Delek
(1)
US
(2)
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