1

D1 Oils

Dr. Piet van der Linde Barcelona September 20-21, 2007

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Summary

D1 Oils: Vision and Background

Management and Structure

A focused upstream strategy

Jatropha curcas L.

Plant Science and Agronomy

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Vision and background

Vision:

To become a global leader in biodiesel supply by building a global supply chain that is sustainable and delivers value “from earth to engine”

Background

AIM (LSE) listed IPO LSE AIM October 2004

• £40m raised in initial two funding rounds

(October 04 and June 05)

Returned to markets December 2006

• £46m raised to take company to cash positive phase

• Focus on Agronomy

Joint venture with British Petroleum from October 2007

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Structure and Management

2 core elements Upstream

• D1 Oils Plant Sciences– Plant Science and Agronomy

• D1-BP Fuel Plants:– Plantation management– Oil Extraction

Downstream– Refining– Transesterification– Trading

Strong management team Chairman: Lord Oxburgh

former Chairman of Shell

CEO: Elliot Mannisformer CFO AWG

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Focus of upstream activities

Focus on biodiesel feedstock species that are

Non-edible

Avoid competition oil for food vs fuel.

Sustainable

Environmentally elastic Avoid competition with valuable ecosystems

Avoid competition with land for food production

Avoid excessive use of (drinking) water

High yielding Make feedstock economically viable

Social value creation Job/economy creation in emerging markets

Optimal use of byproducts

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‘Normal’ biodiesel feedstock options Rapeseed Palm Soybean

Alternative biodiesel feedstock options Jatropha Pongamia Camellina Crambe

Focus of upstream activities

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Jatropha curcas L. (jatros = doctor, trophe = food)

Tropical/subtropical shrub

Originates from Central America

Grows 30 degrees latitude north/south

Sustainable High yield of non-edible oil Environmentally elastic Stimulates rural economic development

Biodiesel fit Oil produces high quality biodiesel

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Biodiesel fit

Vegetable Oil composition

0

20

40

60

80

100

120

Canola Soybean Palm Jatropha

% F

A c

lass

Saturated Mono- Unsaturated

Linoleic C18:2c9,12 (n-6) α-Linolenic C18:3c9,12,15 (n-3)

Edible

Iodine

CFPP

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Energy balance

Comparison of Biodiesel Feedstocks

0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

Soy (US) Soy (US) Rape(EU)

Rape(EU)

JatrophaIndia/EU

JatrophaIndia/EU

Inputs Credits Inputs Credits Inputs Credits

En

erg

y In

pu

t/O

utp

ut

Glycerine credit

Seed cake credit

Straw/Hulls credit

Distribution of biofuel

Esterification

Refining

Marine transport to EU

Oil Extraction

Transport, Drying & Storage

Cultivation & Harvesting

Net Inputs

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Plant Science and Agronomy – D1’s differentiator

Mission:

Create value through the application of state-of-the-art plant science and agronomy on Jatropha curcas L. and other inedible biodiesel feedstock species.

Strategy:

By-products value/ha Oil value/ha

Phase 4 Genetic Modification

Phase 3 Hybridization and Marker Assisted Selection

Phase 2 Classical Breeding and Product Placement

Germplasm fingerprintingPhase 1 Agronomy research and Accession testing

Molecular Marker PlatfromPhase 0 Germplasm collection

Crop Domestication

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Plant Science and Agronomy – D1’s differentiator

Traditional crop development:

New Crop development

30-50 years

20-25

years

What is the retirement age in plant

biotechnology these days?

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Plant Science and Agronomy – D1’s differentiator

Activities Breeding and Technology Development Product Placement and Agronomy Research Multiplication Sustainable Oil Supply Program

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D1 Oils Plant Science

Key achievements

Selection of high oil / ha yielding accession collection.

Multiplication program of first selected accession.

Launch of Sustainable Oil Supply Programme.

Global, regional and country R&D network implemented.

Cooperation agreement with Keygene on molecular breeding.

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Natural variation in oil content in Jatropha

Oil %

0,00

5,00

10,00

15,00

20,00

25,00

30,00

35,00

40,00

45,00

1 2 3 4 5 6 7 8 9 10 11 12 13

Accession number

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Natural variation in nature

Fatty acid profile Jatropha from literature (n=11)compared to some variation in nature

0

10

20

30

40

50

60

70

80

90

12:0/14:0and <

16:0/16:1 17:0/18:0 18:1/18:2 20:0 and >

Type of fatty acid

Pe

rce

nta

ge

in

oil

Jatropha curcas,EuphorbiaceaeCarissa carandas,ApocynaceaeMomordica charantia,Cucurbitaceae

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Natural variation in oil composition in Jatropha

Oil composition

0,00

10,00

20,00

30,00

40,00

50,00

60,00

C16 C18 C18:1 C18:2 C18:3

Fatty acid

Pe

rce

nta

ge CS

ISESTSKTK

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Multiplication of Jatropha

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D1 Oils Plant Science R&D Network

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D1 Oils

Thank you for your kind attention