=0A= =0A= =0A= =0A=

=0A= =0A=

Yes! We will be there!

Thank yo= u,

Jennifer

=0A= =0A=

=0A= =0A= =0A=

From: Cleri, Paul <Paul.Cleri@icf.com>
Sent: Monday= , February 14, 2022 3:35 PM
To: jwilson@aicenergycorp.com
C= c: Phillip; jmelk06@icloud.com; Penshorn, Mark; rgrimes@aicenergycorp.c= om; directory@aicenergycorp.com
Subject: RE: Response to ICF Ques= tions

=0A= =0A= =0A= = =0A= =0A= =0A= =0A=

=0A=

Jennifer:

=0A=

We sent you an invite for tomorrow at 12 pm noon PT.=

=0A=

=0A= Paul

=0A=

=0A= Paul = D. Cleri, P.E. | Principal Consultant, Energy Mark= ets, Technical Advisory=0A= |+1.212.656.9214 |=0A= Paul.Cleri@icf.com | = icf.com

= =0A=

=0A=

From: jwilson@aicenergycorp.com <jwilson@a= icenergycorp.com>=0A=
=0A= Sent: Monday, February 14, 2022 2:30 PM
=0A= To: Cleri, Paul <Paul.Cleri@icf.com>
=0A= Cc: Phillip <pstack@keitu.com>; jmelk06@icloud.com; Penshorn, = Mark <Mark.Penshorn@icf.com>; rgrimes@aicenergycorp.com; directory@ai= cenergycorp.com
=0A= Subject: Re: Response to ICF Questions

=0A=

Good afternoon Paul,

=0A=

What day this week works best for your team and we w= ill schedule a zoom ASAP!

=0A=

Thanks Jennifer

=0A=

From: Cleri, Paul <Paul.Cleri@icf.com>
=0A= Sent: Monday, February 14, 2022 7:18 AM
=0A= To: jwilson@aicenergyco= rp.com
=0A= Cc: Phillip; jmelk06@icloud.co= m; Penshorn, Mark
=0A= Subject: RE: Response to ICF Questions

=0A=

Jennifer:

=0A=

Let us know if your team would like to walk through = this on a call

=0A=

=0A= Paul

=0A=

=0A= Paul = D. Cleri, P.E. | Principal Consultant, Energy Mark= ets, Technical Advisory=0A= |+1.212.656.9214 |=0A= Paul.Cleri@icf.com | = icf.com

= =0A=

=0A=

From: Penshorn, Mark <Mark.Penshorn@icf.com>=0A=
=0A= Sent: Monday, February 14, 2022 10:17 AM
=0A= To: jwilson@aicenergyco= rp.com;=0A= jmelk06@icloud.com
=0A= Cc: Cleri, Paul <Paul.Cleri= @icf.com>; Phillip <pstack@keitucom>
=0A= Subject: RE: Response to ICF Questions

=0A=

Morning All =E2=80=93

=0A=

I wanted to forward this on again and make sure it l= anded on the top of your inbox for today. Please let me know if you h= ave any questions.

=0A=

I hate putting math in an email=E2=80=A6but here=E2= =80=99s an example:

=0A=

Jet Fuel Production: Assume SOR @ 4,671 BPD at 80% o= f the time and 340 days per year of operation

=0A=

That=E2=80=99s 4,671 BPD * 42 gal/barrel * 340 days/= year * 80% jet fuel operations / 12 months =3D 4,446,792 gallons per month.= =0A=

=0A=

That is less than the 4,502,184 gallons/month in Phi= l=E2=80=99s table below. The calculation above also uses SOR conditio= ns which only apply for a given % of time and should therefore be lower.&nb= sp;=0A=

=0A=

This is the reason Im looking for more details on th= e specifics of the planned operation.

=0A=

Thank you,

=0A=

=0A= =0A= =0A= =0A= =0A= =0A= =0A=

=0A=

=0A= 3D"A =0A=

=0A=
=0A= MARK PENSHORN,=0A= Lead Chemical Engineer

=0A=

=0A= +1.303.728.6365 work
=0A= +1.720.771.7345 mobile

=0A=

=0A= icf.com=0A= | =0A= LinkedIn

=0A=

From: Penshorn, Mark
=0A= Sent: Friday, February 11, 2022 10:25 AM
=0A= To: jwilson@aicenergyco= rp.com;=0A= jmelk06@icloud.com
=0A= Cc: Cleri, Paul <Paul.Cleri= @icf.com>; Phillip <pstack@ke= itu.com>
=0A= Subject: FW: Response to ICF Questions

=0A=

Hi Jennifer and John,

=0A=

The project has three different cases each with star= t-of-run (SOR) and end-of-run (EOR) performance. Phil has provided a = monthly production figure for naphtha, jet, and diesel (email below) and in= a separate email (attached) it has been=0A= concluded that this is from 100% soybean oil.

=0A=

Given that this information is the basis for the fin= ancial model, it is critical that we understand the basis for this estimate= and that you (the owners) do intend to operate the facility in the way tha= t reaches the values as stated by=0A= Phil. In other words, we need to understand if you do, for example, = intend to only operate on 100% soybean oil, and what percentage of time you= intend to operate in each Case (100% diesel, 100% jet, and 50/50) to achie= ve the monthly sales total shown in Phil=E2=80=99s=0A= email. This will flow to how Phil calculates the average expected en= ergy consumption for the project.

=0A=

Here are the flows as expected in the HMB. Ple= ase note that the HMB does not always reflect how the operator intends to o= perate the facility. We=E2=80=99d like to understand from you how the= HMB relates to the intended operational targets. =0A=

=0A=

I hope this makes sense. If we need a call to = discuss this in more detail, Im happy to fit that in as soon as possible.&n= bsp; That may be a good call to have Herb on the phone to at least listen t= o the discussion.

=0A=

Thank you,

=0A=

Mark

=0A=

=0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A=

=0A=

Table XX:=0A=

=0A=

= =0A=

Case 1

=0A=

= =0A=

=0A=

= =0A=

Case 2

=0A=

= =0A=

=0A=

= =0A=

Case 3

=0A=

= =0A=

=0A=

= =0A=

SOR

=0A=

= =0A=

EOR

=0A=

= =0A=

SOR

=0A=

= =0A=

EOR

=0A=

= =0A=

SOR

=0A=

= =0A=

EOR

=0A=

Raw Soy Oil

= =0A=

6710

=0A=

= =0A=

6710

=0A=

= =0A=

6711

=0A=

= =0A=

6711

=0A=

= =0A=

6736

=0A=

= =0A=

6736

=0A=

Naphtha (BPD)

= =0A=

211

=0A=

= =0A=

203

=0A=

= =0A=

1178

=0A=

= =0A=

1138

=0A=

= =0A=

835

=0A=

= =0A=

806

=0A=

Jet (BPD)

=0A=

= =0A=

=0A=

= =0A=

=0A=

= =0A=

4671

=0A=

= =0A=

4513

=0A=

= =0A=

2641

=0A=

= =0A=

2549

=0A=

Diesel (BPD)

= =0A=

6311

=0A=

= =0A=

6090

=0A=

= =0A=

=0A=

= =0A=

=0A=

= =0A=

2594

=0A=

= =0A=

2503

=0A=

Note 1: Certain SOR/EOR = cases were not available at this time. Production of products at EOR = is assumed to be 3.5% less than SOR values

=0A=

=0A= =0A= =0A= =0A= =0A= =0A= =0A=

=0A=

=0A= 3D"A =0A=

=0A=
=0A= MARK PENSHORN,=0A= Lead Chemical Engineer

=0A=

=0A= +1.303.728.6365 work
=0A= +1.720.771.7345 mobile

=0A=

=0A= icf.com=0A= | =0A= LinkedIn

=0A=

From: Phillip <pstack@keitu.com>=0A=
=0A= Sent: Tuesday, February 1, 2022 4:10 PM
=0A= To: Penshorn, Mark <Mark= Penshorn@icf.com>
=0A= Cc: 'rgrimes' <rgrim= es@aicenergycorp.com>; 'Kris Keller @Keitu' <kkeller@keitu.com>;=0A= kspilman@keitu.com; =0A= directory@aicenergycorp.com; Cleri, Paul <Paul.Cleri@icf.com>
=0A= Subject: RE: Response to ICF Questions

=0A=

Looking further into the NG change, it does seem the= yields were changed slightly since the previous GREET model. The fol= lowing table should be the current yields for sellable products.

=0A=

=0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A= =0A=

=0A= Sellable Product =0A=	=0A= gal/month =0A=
=0A= Jet =0A=	=0A= = 4,502,184 =0A=
=0A= Diesel =0A=	=0A= = 1,570,235 =0A=
=0A= Naphtha =0A=	=0A= = ; 1,172,643 =0A=

=0A=

-PS

=0A=

From: Penshorn, Mark <Mark.Penshorn@icf.com>=0A=
=0A= Sent: Tuesday, February 1, 2022 2:57 PM
=0A= To: Phillip <pstack@keitu.com= >
=0A= Cc: 'rgrimes' <rgrim= es@aicenergycorp.com>; 'Kris Keller @Keitu' <kkeller@keitu.com>;=0A= kspilman@keitu.com; =0A= directory@aicenergycorp.com; Cleri, Paul <Paul.Cleri@icf.com>
=0A= Subject: RE: Response to ICF Questions

=0A=

Those were some very significant reductions in NG an= d electricity usage from the previous GREET model. Can you provide so= me color?

=0A=

Thanks,

=0A=

=0A= =0A= =0A= =0A= =0A= =0A= =0A=

=0A=

=0A= 3D"A =0A=

=0A=
=0A= MARK PENSHORN,=0A= Lead Chemical Engineer

=0A=

=0A= +1.303.728.6365 work
=0A= +1.720.771.7345 mobile

=0A=

=0A= icf.com=0A= | =0A= LinkedIn

=0A=

From: Phillip <pstack@keitu.com>=0A=
=0A= Sent: Tuesday, February 1, 2022 2:03 PM
=0A= To: Penshorn, Mark <Mark= Penshorn@icf.com>
=0A= Cc: 'rgrimes' <rgrim= es@aicenergycorp.com>; 'Kris Keller @Keitu' <kkeller@keitu.com>;=0A= kspilman@keitu.com; =0A= directory@aicenergycorp.com
=0A= Subject: Response to ICF Questions

=0A=

Good Afternoon Mark,

=0A=

I believe the attached Excel file should provide you= with the basis for the natural gas and electricity numbers and the composi= tion of Stream 7600 (the non-NG stream entering the SMR=E2=80=99s burner). = The numbers in gold and efficiency numbers=0A= are an estimates.

=0A=

The flare is included as part of the miscellaneous n= umber.

=0A=

Note: The electricity numbers in the GREET 3.0 model= you received contained an error. Please use the numbers in the attac= hed file for your calculations. (I have corrected the error in my fin= ancial model.)

=0A=

Please feel free to reach out with any questions.=0A=

=0A=

Sincerely,

=0A=

Phillip T. Stack

=0A=

Staff Engineer (Cost)

=0A=

3D"KECI

=0A=

1403 27th St NW

=0A=

PO Box 98

=0A=

Mandan ND 58554

=0A=

(701) 667-1800

=0A=

=0A= =0A=

=0A=

=0A= =0A= =0A=

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