NuStar Energy Investor Conference Presentation Deck
NuStar
Singapore
Supply
Brazilian
Ethanol
Supply
Selby
M
Renewable Fuels
Carbon Emissions Reduction Goals, in the U.S. and Canada,
Generate Growing Demand and Dislocations, Offer Opportunities
for Well-positioned Midstream Logistics, Like NuStar's
Wilmington
Exports
to
Canada
Tacoma
Stockton
Portland
DI
Midwest
Supply
Gulf
Coast
Supply
Regulatory priorities on the West Coast and in
Canada continue to dramatically increase demand
for renewable fuels in the region
At the same time, obtaining permits for greenfield
projects in the region is difficult, which increases the
value of existing assets
Our terminals have the access to facilities necessary
to receive renewable fuels from outside the region
and distribute renewable fuels across the West Coast
Diesel Volume, MBPD
California's Transportation Fuel Supply With Low-
Carbon Fuel Standard Compliance From
Petroleum Diesel Alternatives
250
200
150
100
50
0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Biomass-Based + Renewable Diesel
■Fossil Diesel
Source: IHS Markit 2021
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