The Renewable Drop-In Fuel Company Presented by Dr

The Renewable Drop-In Fuel Company Presented by Dr. Yom-Tov Samia

PRIMUS GREEN ENERGY HAS DEVELOPED A COST-COMPETITIVE, CARBON-EFFICIENT PROCESS TO CONVERT NON-FOOD BIOMASS INTO DROP-IN SYNTHETIC GASOLINE. 2

Company Overview

Key Facts R&D milestones: o 2007: From proof of concept to pilot o 2008: Moving from Ethanol to Gasoline o 2008: Lockheed Martin provided its engineering expertise under an Engineering Services contract for 27 months o July 2010: Successful endurance testing of our gasification pilot - tested pilot plant -operating in New Jersey o April 2011: Small-scale gasoline production o Q 4 2011: Full integrated demo plant* * Subject to permitting completion of our new facility -NJ 4

Key Facts (Con’d) Rapid commercial deployment plans: o April-May 2011: MOU with 2 major EPC constructors* o Q 1 2012: First commercial plant to begin construction** o Q 3 2013: First commercial plant to commence operations Finance: o 2007 -2010: 1 st round by IC Green Energy (ICG) o Q 3 2011: 2 nd round $80 -90 M (including ICG participation) * In process ** Subject to permitting completion at the new location – Pennsylvania 5

Israel Corp. − Snapshot Global Focused • >70% of revenue 1 worldwide, with over 20, 000 employees • Key Industries: Chemicals, Energy, Automotive and Shipping Largest in Israel • Largest Israeli Holding Company 2; FY 2010 Revenue of $9. 8 bn; Among 5 largest companies on the TASE; Group totals approximately 15. 5% of the TA-25 Index 3 Strategic Shareholders • Ofer Group (55%) and Bank Leumi (18%, largest Israeli bank 3) have been strategic shareholders since 1999 Responsible 1. 2. 3. • Enhancing group-wide social and environmental awareness • ‘Giving Back to the Community’ Revenue based on location of assets, and on a consolidated basis By market cap, as of 31 -Mar-11 As of 31 -Mar-11 6

IC Green Energy Structure 100% Remaining 32. 65% held by the two founders Biofuel Solar 67. 35% 48% Biofuel & Energy 2 nd Generation Biodiesel 1. 5 Generation 47. 5% Solar Thermal via Dish Technology 100% Energy Generation from Renewable Sources 7

Alliances 8

Market Opportunity

Impact U. S. CRUDE OIL DEPENDENCY HAS REACHED UNPRECEDENTED LEVELS • Although the U. S. is the third largest crude oil producer, about half of the petroleum we use is imported. • The U. S. imported a total of 11. 7 million barrels per day of crude oil and refined petroleum products in 2009 • Petroleum is the fossil fuel that accounts for the most carbon dioxide emissions • The transportation sector emits the most energy-related greenhouse gas Source: U. S. Department of Energy 10

Differentiated Product

Differentiators DROP-IN SYNTHETIC GASOLINE IS A GAMECHANGER • Primus produces a non-branded, synthetic standard gasoline that can be used in existing engines and infrastructure without modification • No friction and no resistance in introducing product to the market; no switching costs or premium to consumers • Drop-in product eliminates the need to change consumer behavior • No constraints on entrance into U. S. gasoline market 12

Technology

THERMO-CHEMICAL CONVERSION PROCESS 14 Copyright © PRIMUS 2010. All rights reserved.

FEEDSTOCK FLEXIBLE • Energy farm biomass model based on Herbaceous crops • Non-food biomass locally grown on residual/marginal lands • No competition nor threat with food production • Multi feedstock can be used 15

THE PATH TO ENERGY INDEPENDENCE Ø The US has 600, 000 acres of arable land Ø 1 million acres of land = 800 million gallons of gasoline Ø US gasoline market size – 130 billion gallons per year Therefore, 81 million acres of biomass in the US, can displace the entire imported portion of our gasoline consumption via Primus. 16

Competitive Strengths

Benefits Cost-competitive with fossil fuels • Primus GE cost (including CAPEX, raw materials*) is: $2. 25 per gallon • Breakeven: equivalent to $65 per barrel of crude oil Carbon-efficient • About 45% of biomass energy content is converted into gasoline • Fuel yield of 22% by weight of dry biomass • Lifecycle carbon dioxide emissions 80% lower than fossil fuels First mover • Modular technology, commercially scalable • Strategic alliances for rapid commercial deployment *based on existing biomas price supply 18

It is all about the Team

Key Management Dr. Yom-Tov Samia Chairman & President Major General (reserve, Israeli Defense Forces), acting as the president of ICG and a management member of IC. Dr. Samia has more than 30 years experience as a commander and manager Dr. Moshe Ben-Reuven Co-founder and Co-CEO and CTO The architect and chief designer of Primus technology, who built, and continues to lead, our team of technicians, engineers and scientists to excellence, with over 30 years of experience in leading technology development in the areas of thermo-chemical conversion and biomass. Shlomo Schattner Co-Founder, VP B&D Founder of Scitex-Vision, large format printer manufacturer now part of HP; defined the concept of anti-inflation policy in Israel in the 1980 s. Samuel Golan Co-CEO Seasoned GM with vast experience as a multi-national, hands-on executive, leading companies from entrepreneurial stage to a quick market presence and continuous growth Ms. Zohara Sadan CFO Experienced executive specialized in both the financial and operational management aspects of Israeli and USA based public and private corporations Mr. Arie Toren Plant Manager Master plant manager, and leader of all of Primus fabrication and assembly, with 25 years experience in plants and systems construction. 25 years in RAFAEL, Israel’s top military R&D establishment Dr. Howard L. Fang Senior Research Scientist Leader of Primus Chemistry team and our chief fuels scientist, with over 30 years of experience in basic and applied industrial research focusing on various aspects of fuel & lubricant formulation, alternate fuels, laser spectroscopy and after treatment systems Mr. Rakesh Patel Project Manager 25 years of experience in engineering and process design and development of biomass to synthesis gas and thermo-chemical cellulose to liquid fuel 20

Board of Directors and Advisors Dr. Yom-Tov Samia Chairman Major General (reserve, Israeli Defense Forces), acting as the president of ICG and a management member of IC. Dr. Samia has 40 years experience as a commander and manager Dr. Moshe Ben-Reuven Member Primus Co CEO and CTO, with over 30 years of experience in leading technology development in the areas of thermo-chemical conversion and biomass Mr. Shlomo Schattner Member Primus Co-Founder and director of business development. Founder of Scitex- Mr. Jean Scemama Member Mr. Jean Scemama CPA (Israel), MBA, VP Business Development at IC Green. Mr. Scemama has over 10 years of experience as CFO, Managing director, Treasurer and as Auditor at small to large corporations and as auditor at Ernst & Young Mr. Boaz Zafrir Member Mr. Boaz Zafrir - is the CEO of Petrotec AG, a Germen based biodiesel producer out of waste. In the past he served as CEO of numerous leading industrial companies in Israel. Vision, large format printer manufacturer now part of HP; defined the concept of anti-inflation policy in Israel in the 1980 s. Advisory Board Dr. Eli Gal Thermo-Chemical Process and Technology renown expert Mr. Peter Abeles Biofeed Provisioning and Environmental Compliance expert Dr. Robert Koros Top Senior Chemical Process advisor 21

Wrap Up

Key Success Factors § Technology: Working pilot with relatively low risk relative to other emerging drop-in biofuel technologies § Raw materials: Operational model to avoid biomass price increases over time. Biomass model that creates no competition with food producing inputs § Market: The non-branded bio gasoline has a potential of 100% of the market no friction & no resistance to market acceptance. Large enough for more Competitors § Finance: Company’s strategic investors & USDA loan guarantee • Deployment: Strategic shareholders and partners (EPC capabilities) Lockheed Martin, Bechtel, etc. 23

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