Third-party analysis has shown that Coskata's cost targets are the best in the ethanol industry, and will be able to produce ethanol from a wide variety of input materials for less than US $1.00 per gallon.

At each point in the three-step conversion process, Coskata delivers streamlined capital and operational costs including:

• Meaningful cost advantages at the front-end, given our ability to use a wide variety of lower-cost input materials
• Ability to extract the entire energy value of the input material
• Significant reduction of transportation cost issues and constraints given ability to build plants near local source material supply, and sell the ethanol directly to large population centers
• Excellent efficiency and performance advantages given the energy conversion rates and ethanol yields seen from the Coskata process.
• No back-end solids handling or other costly labor/capital allocation expenses
• Potential to be an energy positive process, allowing Coskata the ability to sell excess energy to co-located facilities
• Lower energy usage requirements at biofermentation (low temperature, low pressure, no back end solids handling)
• Utilizes less than one gallon of water per gallon of ethanol produced

Ultimately, we believe that through ongoing technology development and our focus on operational and logistical efficiency, Coskata will become the lowest cost producer of ethanol and subsequently a leading biofuels company both domestically and globally.