Our EnvironmentAlmost 50% of the Global energy demand is heat derived, which means the majorityof carbon emitters are large power plants that rely on burning finite fuels to produceour energy. However, global initiatives are underway to sustainably reduce carbonemissions by converting to a cleaner, renewable fuel source. We are on the verge of going from this…. ….to this.
WHY BIOMASS MAKES SENSE The case for bioenergy: • Infinitely renewable • Closed carbon cycle • Amongst lowest cost renewable energy • Only renewable energy capable of producing ≥ 20% of Total Energy Demand • Only cost effective renewable option
We understand the need for a certification system to guarantee the sustainability of biomass all the way through the supply chainWood Pellet production Transport Power Plant Independent audit on Certified biomass is tracked and traced throughout the Biomass certificate sustainability of the feedstock supply chain received at power plant results in certificateNew Systems NTA8080 / 81 (NL) Copernicus study shows ISCC (Du) that there are currently 59 Overview of initiatives* included in assessment EU – RES directive sustainability systems world 3 GBEP (global) wide. 9 18 Biomass and bioenergy (incl. electricity labels) RSB (Round table Harmonization is essential to Biofuels onlysustainable) enable growth towards a liquid Forestry*Commodity specific market in biomass. 10 Agriculture (incl. crops and RSPO (palm oil) 19 commodities) FSC (wood) Social and ethical labels RTRS (soya)
Sustainable Resource ManagementThe Fox family understands Resource Management, our lively hood dependson it! We manage our resources, either physically or via third partyagreements, for an infinite harvest.• We employ on-site qualified forestry professionals.• We are committed to the long-term sustainable supply of biomass to our and our customers operations.• We partner with fibre suppliers who share our belief in creating long-term value by combining proven forestry practices with new forestry techniques.• Under sustainable harvesting techniques, we allow for natural regeneration where soil & economics conditions are ideal.• We are strong believers in siviculture management. We actively replant, thin and provide wildlife refuge to ensure optimal sustainable growth of the natural resource.• We develop strong relationships with regulators, environmentalists, public, and contractors. We have been publicly recognized several times by conservationists & forest agencies for our forest management practices.
Our Partners import bio energy from all over the world…. Netherlands Russia Canada Wood pellets Baltics Wood pellets Demolition wood Sun flower husk Wood pellets Wood pellets Wood chips Bio Coal Bio Coal Germany Wood pellets US China Portugal Peanut Wood Pellets Olive cake Italy Wood Pellets Bamboo Pellets Olive cake Mexico/ Brazil Thailand Vietnam Coffee husk Wood Pellets Rice Husk Bagasse Sub-Sahara Africa Wood Pellets Cocoa Australia (Malaysia/Indonesia)Origination market very active South Africa Wood PelletsOrigination market activePotential new sourcing markets Wood pellets
… like they are importing coal energy from all over the world. Poland High NCV Russia Growing domestic market Low Sulphur coals Export to inland Uneconomic in long destinations (South distances Germany / Chezc) Germany / Baltics or premium market (UK) US Wide range of qualities Arbitrage domestic / South America / Europe Venezuel a High NCV PremiumAPI2 Colombia marketsKey supply Markets Generic quality, Indonesia easily tradeable Cape size ports High volatile, South Africa lower NCV Pacific marketPotential supply Low volatile, low coalsMarkets Sulphur Cape size port Atlantic-Pacific swing market
Wind and solar technologies have the lowest carbon footprint while biomass is lower in co-firing than in dedicated technology Carbon footprint of electricity generation technologies Coal 1,000 Gas 929 900 796Kg of CO2 equi (GWP 100 Years) per MWh elec 800 Biomass 700 Fuel independent 596 600 434 500 296 400 235 300 171 205 130 156 200 5 5 5 53 100 0 Best in Nuclear Best in Solar PV Co-firing Co-firing Dedicated Dedicated Dedicated Palm oil Best in Avg Natural Best in Avg Coal class (centrifuge class Mono- Torrefied Pellets Torrefied Pellets Wood chips Gas co- class CCGT Gas power class Coal power Onshore enrichment) Offshore crystalline Pellets made from Pellets made from from sawmill firing power plants - NL power plants - NL Wind 3MW Wind 3MW made from sawmill made from sawmill residues plants plants turbine turbine sawmill residues sawmill residues (57,5%) (46%) residues residues Raw material sourcing Raw material logistic Construction/Decomissioning Electricity generation Fuel waste product
The net carbon savings in ton Co2 /MWhelec is highest for co- firing, ahead of wind and dedicated biomass Amount of CO2 saved when renewable technologies replace thermal fired electricity generation 900 Fuel independent Biomass 800 Wind Co-firing BiomassKg of CO2 equi. / MWh elec 700 600 500 Dedicated 400 Biomass 300 200 100 0 Best in Nuclear Best in Solar PV Co-firing Co-firing Dedicated Dedicated Dedicated Palm oil class (centrifuge class Mono- Torrefied Pellets Torrefied Pellets Wood chips Gas co- Onshore enrichment) Offshore crystalline Pellets made from Pellets made from from sawmill firing Wind 3MW Wind 3MW made from sawmill made from sawmill residues turbine turbine sawmill residues sawmill residues residues residues
A Partnership with the Fox Group• We have over 150 years operating in the North American Forest Industry• We have been recognized as leaders in Sustainable Resource Management• We have relationships with major European utilities seeking our expertise• We have a current development strategy well underway• We are experienced Project Developers, with a focus on risk mitigation• We are well funded and have access to Institutional Capital• We fundamentally understand how to create and extract value from the bioenergy supply chain