1. Algenol produces ethanol by growing metabolically enhanced algae in proprietary Capture TechnologyTM bioreactors. These bioreactors are contained and sealed units that hold algae in the bioreactor, prevent contamination, maximize ethanol recovery and allow for fresh water recovery.

2. The prototype Capture TechnologyTM bioreactors designs are operational, with scaled designs currently being field tested. To date, the ethanol volume recovery and initial ethanol separation efficiency are consistent with commercial production targets.

3. The photobioreactor is of a special design that supports the algae by allowing for the growth parameters to be tightly maintained. CO2, nutrients, water, pH, temperature, salinity and other environmental conditions have to be controlled to allow the algae to produce ethanol. Without proper growing conditions, the algae do not prosper and do not produce ethanol.

4. Algenol’s proprietary process is designed to take advantage of non-arable land and is suitable to many non-arable geographic locations without winter freezes. This complements rather than competes with human food production.

5. The process to make ethanol is carbon negative and consumes 1.5 million tons of CO2 per 100 million gallons of ethanol produced. The Biofields Mexico facility includes a small power plant, which provides around 2-3 million metric tonne (MT) of CO2, enough for 300 mgpy of ethanol production. Additional CO2 will be obtained from industrial and/or atmospheric sources. The Biofields Mexico facility has an eventual capacity between 1 and 2 Billion Gallons per Year.