A TRUSTED PARTNER IN BIOMASS
The Fox Group
Our Environment
Almost 50% of the Global energy demand is heat derived, which means the majority
of carbon emitters are large power plants that rely on burning finite fuels to produce
our energy. However, global initiatives are underway to sustainably reduce carbon
emissions by converting to a cleaner, renewable fuel source.
We are on the verge of going from this….
….to this.
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
WHY BIOMASS MAKES SENSE
We understand the need for a certification system to guarantee the sustainability of biomass all the way through the supply chain
Overview of initiatives* included in assessment
18
19
10
9
3Biomass and bioenergy
(incl. electricity labels)
Biofuels only
Forestry*
Agriculture (incl. crops and
commodities)
Social and ethical labels
Wood Pellet production Power PlantTransport
Independent audit on
sustainability of the feedstock
results in certificate
Certified biomass is tracked and traced throughout the
supply chainBiomass certificate
received at power plant
New Systems
NTA8080 / 81 (NL)
ISCC (Du)
EU – RES directive
GBEP (global)
RSB (Round table
sustainable)
Commodity specific
RSPO (palm oil)
FSC (wood)
RTRS (soya)
Copernicus study shows
that there are currently 59
sustainability systems world
wide.
Harmonization is essential to
enable growth towards a liquid
market in biomass.
The Fox family understands Resource Management, our lively hood depends
on it! We manage our resources, either physically or via third party
agreements, for an infinite harvest.
Sustainable Resource Management
• 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….
Origination market very active
Origination market active
Potential new sourcing markets
Canada
Wood pellets Bio Coal
US
Peanut Wood Pellets
Mexico/Brazil
Coffee husk Bagasse
South Africa
Wood pellets
Sub-Sahara Africa
Wood Pellets Cocoa
Russia
Wood pellets Sun flower husk
Germany
Wood pellets
Baltics
Wood pellets
China
Wood Pellets Bamboo Pellets
Thailand
Wood Pellets
Australia(Malaysia/Indonesia)
Wood Pellets
Italy
Olive cake
Portugal
Olive cake
Vietnam
Rice Husk
Netherlands
Wood pellets Demolition wood Wood chips Bio Coal
… like they are importing coal energy from all over the world.
API2
US
Wide range of qualities
Arbitrage domestic / South America / Europe
Colombia
Generic quality, easily tradeable
Cape size ports
Russia
Low Sulphur coals Uneconomic in long
distances Germany / Baltics or
premium market (UK)
South Africa
Low volatile, low Sulphur
Cape size port Atlantic-Pacific
swing market
Indonesia
High volatile, lower NCV
Pacific market coals
Poland
High NCV Growing domestic
market Export to inland
destinations (South Germany / Chezc)
Venezuela High NCV Premium
markets
Key supply Markets
Potential supply Markets
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
0
100
200
300
400
500
600
700
800
900
1,000
Best in
class
Onshore
Wind 3MW
turbine
Nuclear
(centrifuge
enrichment)
Best in
class
Offshore
Wind 3MW
turbine
Solar PV
Mono-
crystalline
Co-firing
Torrefied
Pellets
made from
sawmill
residues
Co-firing
Pellets
made from
sawmill
residues
Dedicated
Torrefied
Pellets
made from
sawmill
residues
Dedicated
Pellets
made from
sawmill
residues
Dedicated
Wood chips
from sawmill
residues
Palm oil
Gas co-
firing
Best in
class CCGT
power
plants
(57,5%)
Avg Natural
Gas power
plants - NL
Best in
class Coal
power
plants
(46%)
Avg Coal
power
plants - NL
Kg
of
CO
2 e
qu
i (G
WP
10
0 Y
ea
rs)
pe
r M
Wh
ele
c
Raw material sourcing Raw material logistic Construction/Decomissioning Electricity generation Fuel waste product
156
434
596
796
929
5 5 5
235
53
Fuel independent
Biomass
Gas
Coal
130 171 205
296
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
0
100
200
300
400
500
600
700
800
900
Best in
class
Onshore
Wind 3MW
turbine
Nuclear
(centrifuge
enrichment)
Best in
class
Offshore
Wind 3MW
turbine
Solar PV
Mono-
crystalline
Co-firing
Torrefied
Pellets
made from
sawmill
residues
Co-firing
Pellets
made from
sawmill
residues
Dedicated
Torrefied
Pellets
made from
sawmill
residues
Dedicated
Pellets
made from
sawmill
residues
Dedicated
Wood chips
from sawmill
residues
Palm oil
Gas co-
firing
Kg o
f C
O2 e
qui. / M
Wh e
lec
Wind
Fuel independent Biomass
Co-firing
Biomass
Dedicated
Biomass
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