Jamie MacKinnon, SVP Carbon Origination 45Z and Carbon Markets www.anewclimate.com NEC, February 2025

Confidential and Proprietary www.anewclimate.com | 2 Anew Climate ✓ Design, build, and manage 45Z CSA programs in partnership with BASF ✓ CCS Removal credit development and monetization ✓ Supply RNG ✓ Supply RECs ✓ Development and marketing of RINs and LCFS credits 200M+ Farm acres under mgmt. in voluntary CSA programs Carbon projects in the Anew portfolio 600k 400+ Acres protected 6M+ CCS carbon projects developed 9 Carbon tonnes transacted

Confidential and Proprietary www.anewclimate.com | 3 Key take-aways 1. 45Z Interim ruleset, CSA guidance and GREET45ZCF/USDA Models are actionable and represent a good blueprint for state LCFS programs under development 2. Voluntary Carbon Market is here to stay 3. The Ethanol industry has work to do to participate in carbon markets

Confidential and Proprietary www.anewclimate.com | 4 VCM – US Supply & Demand

Confidential and Proprietary www.anewclimate.com | 5 Emissions House of the Year Energy Risk Magazine 2021, 2020, 2018, 2014, 2010 Environmental Products House of the Year Energy Risk Magazine 2023, 2022, 2019 Energy Risk Environmental Rankings #1 U.S. Regional Greenhouse Gas Dealer #1 U.S. Voluntary GHG Credit Dealer #2 Renewable Energy Credit Dealer 2023 Environmental Finance Annual Market Rankings Best Project Developer (All North American Markets) Best Offset Originator (California) Best Trading Company – RINs Best Advisory – RINs Best Advisory/Consultancy (North American Markets) Best Trading Company (North American Markets) Best Trading Company, Options – California Best Trading Company, Spot & Futures – California Best Trading Company – RECs (runner up) Best Advisory – RECs (runner-up) Jamie MacKinnon jmackinnon@anewclimate.com T. 416-427-4888 Martin Baker mbaker@anewclimate.com T. 587-777-1396