1. IH2 Technology – Biomass to Hydrocarbon
Conversion
Emerging Advanced Technology Pathways
Session; 5 March 2014
CRI Catalyst Company
IH2 is a trademark of Gas Technology Institute.

2. Disclaimer
This presentation contains forward‐looking statements concerning the financial condition, results of operations and businesses of Royal Dutch
Shell. All statements other than statements of historical fact are, or may be deemed to be, forward‐looking statements. Forward‐looking
statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied
in these statements. Forward‐looking statements include, among other things, statements concerning the potential exposure of Royal Dutch
Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These
forward‐looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’,
‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms
and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ
materially from those expressed in the forward‐looking statements included in this presentation, including (without limitation): (a) price
fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results;
(e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the
identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk
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including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l)
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in this section. Readers should not place undue reliance on forward‐looking statements. Additional factors that may affect future results are
contained in Royal Dutch Shell’s 20‐F for the year ended December 31, 2011 (available at www.shell.com/investor and www.sec.gov ). These
factors also should be considered by the reader. Each forward‐looking statement speaks only as of the date of this presentation, March 5, 2014.
Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward‐looking statement as a
result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or
inferred from the forward‐looking statements contained in this presentation.

3. Session Questions & IH2 Technology
• What are the hot emerging
technologies?
• IH2 Technology Overview
• Can new technologies disrupt the
advanced biofuels technologies of
today?
• IH2 Products, Product Quality,
GHG Reduction & Economics
• Does the industry have the appetite
to invest in new technologies?
• When will these technologies to be
deployed at a commercial scale?
• IH2 Commercial Status
Insert Image Here
<a href='http://www.123rf.com/photo_10846628_a‐group‐of‐illustrated‐3d‐people‐are‐arranged‐
in‐a‐circle‐around‐the‐words‐let.html'>iqoncept / 123RF Stock Photo</a>

4. 2) Fluidized Bed
Proprietary
Catalyst System
Renewable H2
340‐470C
<500psig
1) Feed Conditioning
Sizing, Drying & Feeding
1st Stage 2nd Stage
3) Fixed Bed
Proprietary
Catalyst
System
Renewable H2
<500psig
4) SMR C1‐C3 Gas
Renewable H2
Process
5) Cyclones
4
Distilled
Hydrocarbon
Hi Pressure
Steam
Clean Water
Fertilizer
BioChar
Biogenic CO2
Crop Residue
City Waste
Wood/Forest
Residue
Energy Crops
Algae
Gasoline, Jet and Diesel
Hydrocarbons (67‐172 gal/ton)
US R100 Regular Gasoline (Wood)
US R100 Intermediate Gasoline
(Wood)
US R60 + Diesel (Wood) /
Approaching R100
Feed
Products
What is the IH2 Process
What is the IH2 Process ?
<a href='http://www.123rf.com/photo_14316634_the‐big‐question‐silberblau.html'>styleuneed / 123RF Stock Photo</a>

5. IH2 Technology Summary
• Self‐sufficient, self‐contained and self‐sustaining
• Feedstock flexible, product yields 67‐172 gal/ton (MAF)
• Spans gasoline, jet and diesel range
• No detectable oxygen or TAN
• High (>90%) GHG reductions* (low carbon fuel)
• Integrates commercially proven equipment; Market Ready
• Attractive economics (< $2.25/gal; 2000 dry mt wood/day USGC pricing)
• $450mln TCI ex KBR; 60% financed @ 8%; 20% overall IRR; $72/dry ton feed
• No RINs, No Carbon or Blending Credits, No Subsidies of any kind included
• Improved catalysts  enhanced product yield & quality
* > 94% GHG reduction per Professor David Shonnard at MTU; Feedstock Dependent: http://services.lib.mtu.edu/etd/THESIS/2012/ChemicalEng/maleche/thesis.pdf

6. U.S. Product Quality – Wood(Baseline)
Gasoline
• R100 Meets ASTM D‐4814‐
10b
• ~87 Octane
• S < 15‐ppm
Diesel
• Approaching R100
• ASTM D‐975‐11
• Derived Cetane # 36‐40
• S < 10‐ppm
Kerosene
• Aromatics Reduction
Improved Smoke Point
• Evaluating Jet A1 Blends

7. EU Product Quality – Wood(Baseline)
Petrol
• EN 228: Petrol – Jan 2009
• Octane Low
• S ~10‐ppm
3rd Party Testing in Progress
2014
More Upgrading Wood Product
for EU Specs
EU Specific R&D
Diesel
• EN 590:2009+A1:2010
• Cetane # Low
• S ~15‐ppm

8. GHG Reduction  Influence Technology Selection
Renewable Fuel
Category
Definition
RIN D
Code
Pathway
Cellulosic
Ethanol/Gasoline
Derived from cellulose with a 60% GHG reduction
relative to petroleum fuels displaced.
3 M
Biomass Based
Diesel
Biodiesel or renewable diesel with a 50% GHG
reduction relative to petroleum fuels displaced.
4
Advanced Biofuel
Any renewable fuel other than corn ethanol with
50% GHG reduction relative to petroleum fuels
displaced.
5
Renewable Fuel
Biomass based fuel with 20% GHG reduction
relative to petroleum fuels displaced.
6
Cellulosic Diesel/Jet
Cellulosic diesel, jet fuel, or heating oil with 60%
reduction relative to petroleum fuels displaced.
7 L
• U.S. Centric Illustration; EPA Definitions ‐ Source: 40 CFR 80.1426
• Globally, additional regulations w/ GHG reduction components
• 3rd Party assessment Life Cycle Associates of IH2 Products, pending issue

9. Attractive Economics
• Stand Alone/Green Field (US Gulf Coast basis)
• 2000mt/d wood (50% moisture fed, dried to 10%
moisture at 1st stage)
• 60% financed at 8% interest, overall 10% IRR
• Feed Stock ~55% of Operating Cost
• No subsidies, tax, RIN or carbon credits included
• KBR FEL‐3 underway
• Opex validated by prospective clients
• Minimum Fuel Selling Price –
$0.433/L (2007) $0.476/L (2012)
• Refinery Synergy w/Refinery H2 Supply
• Reduces TIC ~55.0MM$
• Estimated MFSP $0.359/L (2007) $0.394/L (2012)
91.31
7.8
2.14
17.3
5.9
29.6
Wood $71.97/dry ton
Other Op Costs: Catalyst, Disposal, etc.
Fixed Cost
Depreciation
Avg Income Tax
Avg ROI
Operating Costs Total $1.64/gal*
*Includes $0.1884/gal coproduct credit
4.7
17.7
4.0
55.02.8
2.8
40.5
Feed
1st Stage/2nd Stage
Fractionation
HMU
Ammonium Sulfate
Absorption/Stripping
Utilities & Contingency @
35%
NREL Estimated Installed Equipment Costs
$127.5mln
http://www.osti.gov/scitech/biblio/1059031
NREL Estimated Operating Costs Total $1.64/gal*

10. Commercialization Progress  More on the Horizon
High Interest Regions
Showcase
Licenses Signed
2 – NA ‘13
Commercial
Licenses Signed
1 EU & 1 NA ‘13
Lab Scale
‘09 & Expansions ‘13
Pilot Plant
‘12
<a href='http://www.123rf.com…tion‐a‐metallic‐world‐map.html'>spectral / 123RF Stock Photo</a>

11. Session Questions & IH2 Technology Wrap‐up
• Is IH2 Technology “hot &
emerging”?
• Can IH2 Technology disrupt the
advanced biofuels technologies of
today?
• Does the industry have the appetite
to invest in IH2 Technology?
• Based on the IH2 Technology
Differentiators and License
Agreements signed to date, we
have confidence that the answer
appears to be yes to these
questions.
• Ultimately, investors in the
renewable fuels market will
determine, based on local needs,
resources & regulations and
respective due diligence
processes.

12. Technology is:
• Cost‐effective process developed by GTI using CRI proprietary catalysts
• Converts biomass directly to hydrocarbon fuels and/or high quality blend
stocks
• Self‐sufficient & self‐sustaining w/ little lasting environmental impact,
needs only transport in/out
• Feedstock flexible
• Nearly carbon‐neutral
• Integrates for potentially improved economics
• Currently in FEED (FEL‐2/‐3)
• Available from CRI Catalyst Company

13. Thank You
Learn more at:
http://www.cricatalyst.com/catalysts/renewables.html
http://www.gastechnology.org/Solutions/Pages/default.aspx