Cool Planet to make three biofuel plants in Louisiana

The company says this location on the Port of Alexandria in Rapides Parish will serve as
a showcase facility leading the way for hundreds of additional small
scale biorefineries that Cool Planet plans to build across the United
States. It adds that the site was chosen with tremendous support from the city of
Alexandria, and the economic development team from the state of
Louisiana. The location provides access to an abundance of renewable
biomass feedstock, the ability to load fuel onto barges, rail lines and
trucks, and excellent local talent to operate the facility.

“Louisiana is known for its substantial oil interests, but now will also
have the distinction of being home to the first, of what is planned to
become many, production facilities for Cool Planet’s renewable,
high-performance gasoline and soil enhancing biochar,” said CEO Howard
Janzen. “Our goal for the Alexandria facility is to be economically
competitive with conventional fuels made from non-renewable crude oil.”

It is believed that Cool Planet will have one of the lowest capital
costs per plant in the refining industry, with project economics that
work at facilities 100 times smaller than conventional refineries, while
being able to use a wide variety of renewable biomass materials as
inputs. With a distributed plant business model at the heart of Cool
Planet, the construction is expected to be complete before the end of
2014.

“Cool Planet's utilization of biomass to create fuel offers
opportunities for Southeast U.S. states with vast renewable biomass
resources to create local jobs and income while enhancing energy
security," said former Arkansas Lt. Governor and board member Bill
Halter.

About Cool Planet

Cool Planet is deploying disruptive technology through capital
efficient, small scale biorefineries, to economically convert non-food
biomass into high-octane gasoline, jet fuel and diesel fuel. The process
also generates value through biochar production, which can be returned
to the soil, enabling fertilizer and water retention for increased crop
productivity, and more robust plant health. The process can be carbon
negative, removing up to 150 percent of the carbon footprint for every
gallon used, reversing the consequences of fossil fuels. Cool Planet’s
technology has a broad portfolio of pending and granted patents. Global
investors include BP, Google Ventures, Energy Technology Ventures (GE,
ConocoPhillips, NRG Energy), and the Constellation division of Exelon.