Anna Pavlova CarbonQuest

1. Proprietary and Confidential
CarbonQuest
Distributed Carbon Capture and Novel
CO2 Utilization

2. Proprietary and Confidential
A Few Statistics
❏ Natural gas combustion 7.35 Gigatons of CO2/yr, primarily from
buildings and industry
❏ U.S. direct emissions from natural gas combustion in buildings and
industry 1.77GT
❏ 65-85% of emissions in cities come from buildings
❏ >50% of emissions in buildings come from natural gas use

3. Proprietary and Confidential
17,000,000 tons of CO2 per year from the use of natural gas in buildings in NYC alone
Image: https://www.informationisbeautifulawards.com/showcase/329-new-york-city-carbon-emissions

4. Proprietary and Confidential
CarbonQuest Carbon Capture Technology
Cogen
Carbon Capture Control System

5. Proprietary and Confidential
Value Proposition for Customers
For Building Owners:
○ Immediate Decarbonization Solutions with onsite Carbon Capture
○ Modular, adjustable scale of capture
○ Cost effective
○ Non-disruptive to operations
○ Measure impact and report emissions and reductions (ie LL97)
○ Improving the “E” in the ESG performance
For CO2 Users:
● Fully traceable, measurable NET CO2
● Lower carbon footprint than most competitors
● Competitive pricing
● Local
5

6. © CarbonQuest 2022 Confidential & Proprietary 6
1930 Broadway – the First On-site Carbon
Capture Project in NYC
● 377,564 sq ft Multi-family
● Goals
○ Reduce emissions
○ Reduce exposure to LL97
● Result
○ Reduce 50% of natural gas
emissions *
○ 5 year payback
○ Little disruption to building
* systems can be designed to capture ALL
of the CO2.

7. Proprietary and Confidential
7
The Changing CO2 Utilization
Market

8. Proprietary and Confidential
What’s New with CO2?
Traditional CO2 User Market
Credit: LUX Research
Novel Carbon Utilization Market
Credit: C2ES/Cogentiv Solutions

9. Proprietary and Confidential
Novel CO2 Use - Crossing the Chasm
9
❏ MRV, Transparency
❏ Education, Standards, Community Buy-in
❏ Differentiation of Benefit (sequestration, petroleum displacement, materials use)
❏ Source of CO2 as important as Use of CO2

10. Proprietary and Confidential
Policy Drivers for Distributed CCUS
Green Buildings Portfolio
now has real value and
premium
EU & UK ETS with rising offset prices
Canada price on carbon $170 by
2030; direct funding
US Local Regs (LL 97, BERDO)
EU Green Deal Law: disclosures &
doubling retrofits
US SEC Regulations; 45Q; direct
CCUS funding;
Corporates
SEC: Banks to report on climate
risk & mitigation for real estate
portfolio
SBTi reporting 2253 companies-
1/3 of global market cap - $38 trillion
of global economy
Insurance Providers: Climate
Risk part of disclosures
Legal Action against green-
washing (DWS, DB sued)
First Movers Coalition- carbon
removal a “hot” priority
Real Estate Co
Stakeholders
National Governments
Dramatic Increase in Regulation & Cross-border Spillover
Effect
Regulatory
Pressure to
invest
Internal Corp
Price on
Carbon:
Carbon Offset
Markets taking
off
Internal Price on Carbon
© CarbonQuest 2022 Confidential & Proprietary 10

11. Proprietary and Confidential
There is Space (and Need) for Everybody
Source: Wood McKenzie https://www.woodmac.com/market-insights/topics/ccus/

12. Proprietary and Confidential
APPENDIX
Team (120min)

13. Proprietary and Confidential
1. Building Carbon Capture System (BCCS)
a. Customer purchases full turnkey system
i. CQ takes care of all aspects of the project
b. Worry-free Managed Services Agreement - 15 years
i. Operations & Maintenance
ii. Performance reporting through CQ’s Carbon Management System
iii. Sustainable CO2 sale
1. CQ sells the liquid CO2 into the market
2. Building Carbon Capture as a Service (coming soon)
a. CQ can work with customer to finance the system costs
b. No upfront payment to customer
How do real estate customers engage?
13

14. Proprietary and Confidential
Wrap Up