A recent presentation given by Peter Harrison, CEO of AFS, at the Cleantech Investor Future Transport Challenge event. Companies in the most innovative parts of the transport industry made 'Dragon's Den' style pitches to a panel of investors at the conference, which was chaired by journalist and television presenter Quentin Willson. AFS was presented the challenge winner award at the evening reception by Patrick Head, co-founder of Williams Formula 1, who noted that there had been a high standard of participants, but that AFS was the ‘clear winner’.

1. Air Fuel Synthesis
Cleantech Investor Future Transport
Challenge
Carbon-neutral liquid fuels
Peter Harrison
Chief Executive
Air Fuel Synthesis
www.afsfuels.com 1

2. Air Fuel Synthesis A scalable investment opportunity
AFS is seeking £5m investment to
construct its first commercial facility
with a project IRR potential of 15%,
in return for which equity is
available
www.afsfuels.com 2

3. Air Fuel Synthesis Renewable energy to liquid fuels
AFS delivers carbon-neutral liquid fuels from
renewable sources anywhere…
Putting renewable electricity into your tank
www.afsfuels.com 3

4. Air Fuel Synthesis
Experienced, capable team
David Still CBE Peter Harrison,
Chairman CEO & Founder
Graham Truscott Stephen Burwood Dr Bob Jennings Brian Sykes
Marketing Finance Technology Co Secretary
Prof Tony Marmont, Dr John Barton Dr David Benton Monique Purdy
Founder Founder Founder
www.afsfuels.com 4

5. Air Fuel Synthesis Market opportunities
High volume energy storage and
balancing.
Specialist uses for renewable methanol
and petrol.
Integration with thermal and bio energy
projects.
A synthetic replacement for fossil fuel.
Petrol from electricity
www.afsfuels.com 5

6. Air Fuel Synthesis Market scalability
Niche markets for clean, synthetic
carbon-neutral fuels
Energy storage and balancing
General transport fuels
Time
www.afsfuels.com 6

7. Air Fuel Synthesis Market scalability
Time
www.afsfuels.com 7

8. Air Fuel Synthesis The AFS process
Core technologies:
 Fuel reactor systems
 System integration
 IP based on CO2
www.afsfuels.com 8

9. Air Fuel Synthesis The concept is proven
Methanol and petrol from CO2, H2 and electricity
www.afsfuels.com 9

10. Air Fuel Synthesis Product
Synthetic replacement for fossil fuels.
Direct substitute for existing liquid
transport fuels.
Carbon-neutral.
Can be produced as methanol, diesel,
petrol, jet fuel, and on to plastics and
chemicals to suit market conditions.
www.afsfuels.com 10

11. Air Fuel Synthesis AFS business strategy
 Develop and prove technology in
demonstrator (through 2012)
 Pilot phase – 1 tonne per day
 Partner/joint-venture specific
opportunities
www.afsfuels.com 11

12. Air Fuel Synthesis Initial niche markets
1. Operate/own small/medium scale fuel synthesis demonstrator plants
(provide fixed direct energy cost for 25 years).
2. Capture surplus renewable electricity (especially where stranded)
3. Island communities
4. Applications, eg, distribution centres, motorsports, where carbon-neutral
and/or energy security adds a premium
www.afsfuels.com 12

13. 1st Initial niche market
Air Fuel Synthesis
Focus on establishing cash flow
Renewable fuel blends for motor racing
 Cleaner than fossil fuels.
 Carbon-neutral
 “Drop in” blend
 Premium pricing
www.afsfuels.com 13

14. Air Fuel Synthesis Advantage of fixed cost base
Oil price
AFS cost
£
Niche Refinery
Time
www.afsfuels.com 14

15. Air Fuel Synthesis AFS: the company
 Experienced, capable team
 Sound business strategy
 Strong ethical culture and approach
 Commercially sustainable business
 Developing intellectual property
 Ambitious – a viable long term future
www.afsfuels.com 15

16. Air Fuel Synthesis £5m Investment highlights
 Scalable from container sales up to refinery
 Very low feedstock costs means increasing margins
 Not competing against food crops
 First in market opportunities
 Cash positive without requiring fiscal support
www.afsfuels.com 16

17. Air Fuel Synthesis Renewable energy for liquid fuels
Thank you
Peter Harrison
Chief Executive
Air Fuel Synthesis
www.afsfuels.com peter.harrison@airfuelsynthesis.com
Twitter: @AFSFuels
+44 1325 247 910
Facebook: Air Fuel Synthesis
www.afsfuels.com 17