Air Fuel Synthesis

Cleantech Investor Future Transport Challenge

Carbon-neutral liquid fuels

Peter Harrison Chief Executive

Air Fuel Synthesis

www.afsfuels.com 1

Air Fuel Synthesis

www.afsfuels.com 2

AFS is seeking £5m investment to construct its first commercial facility with a project IRR potential of 15%, in return for which equity is available

A scalable investment opportunity

Air Fuel Synthesis Renewable energy to liquid fuels

AFS delivers carbon-neutral liquid fuels from renewable sources anywhere…

Putting renewable electricity into your tank

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Air Fuel Synthesis Experienced, capable team

Brian Sykes Co Secretary

Dr David Benton Founder

Dr John Barton Founder

Prof Tony Marmont, Founder

Graham Truscott Marketing

Stephen Burwood Finance

David Still CBE Chairman

Peter Harrison, CEO & Founder

Monique Purdy

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Dr Bob Jennings Technology

Air Fuel Synthesis Market opportunities

High volume energy storage and balancing.

Specialist uses for renewable methanol and petrol.

Integration with thermal and bio energy projects.

A synthetic replacement for fossil fuel.

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Petrol from electricity

Air Fuel Synthesis

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Market scalability

General transport fuels

Time

Niche markets for clean, synthetic carbon-neutral fuels

Energy storage and balancing

Air Fuel Synthesis

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Market scalability

Time

Air Fuel Synthesis The AFS process

Core technologies:

 Fuel reactor systems

 System integration

  IP based on CO2

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Air Fuel Synthesis The concept is proven

Methanol and petrol from CO2, H2 and electricity

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Air Fuel Synthesis Product

Synthetic replacement for fossil fuels.

Direct substitute for existing liquid transport fuels.

Carbon-neutral.

Can be produced as methanol, diesel, petrol, jet fuel, and on to plastics and chemicals to suit market conditions.

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Air Fuel Synthesis AFS business strategy

 Develop and prove technology in demonstrator (through 2012)

 Pilot phase – 1 tonne per day

 Partner/joint-venture specific opportunities

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Air Fuel Synthesis Initial niche markets

1.  Operate/own small/medium scale fuel synthesis demonstrator plants (provide fixed direct energy cost for 25 years).

2.  Capture surplus renewable electricity (especially where stranded) 3.  Island communities 4.  Applications, eg, distribution centres, motorsports, where carbon-neutral

and/or energy security adds a premium

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Air Fuel Synthesis 1st Initial niche market

Focus on establishing cash flow

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Renewable fuel blends for motor racing

 Cleaner than fossil fuels.

 Carbon-neutral

 “Drop in” blend

 Premium pricing

Air Fuel Synthesis

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£

Time

Oil price

AFS cost

Niche Refinery

Advantage of fixed cost base

Air Fuel Synthesis AFS: the company

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 Experienced, capable team  Sound business strategy  Strong ethical culture and approach  Commercially sustainable business  Developing intellectual property  Ambitious – a viable long term future

Air Fuel Synthesis

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£5m Investment highlights

 Scalable from container sales up to refinery  Very low feedstock costs means increasing margins  Not competing against food crops  First in market opportunities  Cash positive without requiring fiscal support

Air Fuel Synthesis Renewable energy for liquid fuels

Thank you

Peter Harrison Chief Executive Air Fuel Synthesis

www.afsfuels.com

+44 1325 247 910

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peter.harrison@airfuelsynthesis.com Twitter: @AFSFuels Facebook: Air Fuel Synthesis