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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
                                        Clean Hydrogen  |  Low Emissions Fuel  |  Carbon Sequestration
                                                                                                                                   •  Renewable hydrogen can be produced at a cost
          Proteum Energy® is an energy transition company committed to producing low cost, clean hydrogen                            less than competing SMR, providing our partners
          from renewable and non-renewable sources allowing our partners to decarbonize operations safely and                        a customized energy transition solution at the
          profitably. Our patented and proprietary technology reforms renewable ethanol into renewable hydrogen                       feedstock source                                                   $/kg Bare Cost of Hydrogen
          at a cost comparable to hydrogen produced from non-renewable sources. Our flexible system also
          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
          intensity lower than traditional steam methane reformation (SMR). In a hydrogen market expected                          Hydrogen Using SnMR™ Technology
          to reach $2.5T by 2050, Proteum Energy® provides producers, fuel cell transportation hubs,                               •  Our modular system integrates proprietary, patented
          power plants and midstream operators a proven, market-ready technology to leverage                                         and o -the-shelf technology in a market-ready
          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 CO2,                  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
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