Page 2 - Proteum Energy GENERAL Brochure

Cost Structure Provides Competitive Advantage
®
• SnMR™ technology can produce premium renewable Bare Cost of Hydrogen Comps
hydrogen at a cost lower than most production
giving Proteum a distinct competitive advantage $5.00
Clean Hydrogen | Low Emissions Fuel | Carbon Sequestration $4.50
• Renewable hydrogen can be produced at a cost $4.00
Proteum Energy® is an energy transition company committed to producing low cost, clean hydrogen less than competing SMR, providing our partners $3.50
from renewable and non-renewable sources allowing our partners to decarbonize operations safely and a customized energy transition solution at the $3.00
profitably. Our patented and proprietary technology reforms renewable ethanol into renewable hydrogen feedstock source $/kg Bare Cost of Hydrogen $2.50
at a cost comparable to hydrogen produced from non-renewable sources. Our flexible system also $2.00
reforms natural gas liquids (NGLs) into clean hydrogen and other valuable product gases at a carbon First to Market to Reform Ethanol or Ethane Into $1.50
intensity lower than traditional steam methane reformation (SMR). In a hydrogen market expected Hydrogen Using SnMR™ Technology $1.00
to reach $2.5T by 2050, Proteum Energy® provides producers, fuel cell transportation hubs, • Our modular system integrates proprietary, patented $0.50
power plants and midstream operators a proven, market-ready technology to leverage and o£-the-shelf technology in a market-ready $0.00
existing assets to produce clean hydrogen and boost ESG* scores. 2050 Air Products Bayotech SMR Electrolysis Proteum
On-Site
SMR
$2.5T solution, proven in commercial application
Facility CAPEX OPEX
Proteum’s SnMR™ system is an ideal technology for the hydrogen transition. • Proteum’s technology is protected by six issued
In a quickly evolving energy market, Proteum’s flexible 2040 patents and one patent pending
Proteum Analysis of Company &
and modular technology can reform various renewable • 3rd party independent safety/HAZOPs Statement of Regulatory Filings; California Air Resources Board;
and non-renewable feedstocks into renewable 2030 Current & Future Commodity Prices
hydrogen, clean hydrogen and other valuable 2020 Endorsement from DNV; Engineering partner: Joule for Rejected Ethane
product gases, formulated to meet market demand. $2.63B Processing/Plug Power

Flexible Design for a Developing Market Low Carbon Intensity to Near-Term Addressable Hydrogen Markets
• Our SnMR™ technology can reform ethanol, Reach Emissions Goals
ethane or any NGL feedstock into three • With carbon sequestration, renewable ®
product gases: hydrogen, methane and CO 2, hydrogen reformed from low-carbon ethanol
to adapt to fuel source availability and or clean hydrogen from ethane can be
respond to market demand produced at a CI approaching hydrogen
• Production parameters can be modified to produced from electrolysis Gas to Power Transportation Direct Pipeline Injection
simultaneously produce “designer fuels” to • Our SnMR™ produces clean hydrogen at $10.44B Market by 2027 $2.6B Market $2.42B Market by 2027
meet user requirements and market demand a lower carbon intensity than SMR
5% to 20% hydrogen
for power Ready use of 20% hydrogen Fuel cell hydrogen for injection into natural gas
transportation hubs to
for power generation,
• High-temperature and low-temperature • Our low carbon hydrogen production can compression in prime movers fuel a regional network of zero pipelines to achieve

qualify for 45Q tax credits whether reforming
configurations provide flexibility to address renewable or non-renewable feedstock into to reduce emissions and boost emissions vehicles; H 2 for infrastructure carbon
feedstock price risk or increase 45Q credits any of our product gases onsite Scope 1 Emissions ultra-low carbon aviation fuel emissions reduction targets

*Environmental, social and governance (ESG); see www. proteumenergy.com to learn more