PHASE TWO - SEPARATE COMMERCIAL PATHWAY

Renewable fuels and industrial expansion.

A separate commercial pathway supported by sustainable resources, strategic infrastructure and long-term development experience.

Phase Two advances the Company's renewable-fuels and compatible industrial-development strategy, reflecting years of work involving sustainable biomass, renewable diesel, Sustainable Aviation Fuel (SAF), industrial infrastructure and commercial planning.

One potential initiative is a SAF-Neat and advanced renewable-fuels facility developed with qualified technology, engineering, construction, feedstock, financing, logistics and commercial partners.

STRATEGIC INFRASTRUCTURE

The Searsport–Loring right-of-way


Phase Two may benefit from industrial sites, transportation access, utility infrastructure, regional biomass resources and long-term corridor interests associated with the approximately 200-mile Searsport–Loring route


LANE ALLOCATION

Phase Two development elements



PHASE ONE AND PHASE TWO SHARE LORING HOLDING’S EXPERIENCE AND DEVELOPMENT PHILOSOPHY, BUT THEY ARE SEPARATE INITIATIVES; NEITHER SHOULD BE REPRESENTED AS DEPENDENT UPON THE OTHER.