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Investor Presentation August 2010 Tim Haig, CEO Chris Clinning, CFO

Investor Presentation August 2010 Tim Haig, CEO Chris Clinning, CFO. Forward-looking statements.

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Investor Presentation August 2010 Tim Haig, CEO Chris Clinning, CFO

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  1. Investor Presentation August 2010 Tim Haig, CEO Chris Clinning, CFO

  2. Forward-looking statements This presentation and our answers to questions contain statements about expected future events and financial and operating results of BIOX that are forward-looking. By their nature, forward-looking statements require BIOX to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results and events to differ materially from that expressed in the forward-looking statements. Accordingly, our comments are subject to this disclaimer and qualified by the assumptions, qualifications and risk factors (including those associated with legislation affecting the biodiesel industry, the availability of producer payment programs, and commodity prices) referred to in BIOX’s public disclosure documents filed with Canadian securities regulatory authorities. Except as required by law, BIOX disclaims any intention or obligation to update or revise forward-looking statements.

  3. This IS NOT sustainable ENERGY SECURITY FINITE DIRTY

  4. Energy security: An escalating issue Oil Production by Volume Russia Norway Nigeria $400B Venezuela Canada Mexico UnitedStates Iraq Brazil Iran 2008 U.S. Oil Import Expenditure Libya 35% Algeria China Kuwait SaudiArabia India Oil Consumption by 2030 UAE Angola Source: CIA Factbook, 2010 Source: Congressional Research Service, 2008

  5. This IS sustainable… DOMESTIC RENEWABLE CLEAN

  6. Produced from multiple feedstock sources Soybeans Rapeseed Palm oil Jatropha Yellow grease Animal fats (white grease, tallow)  Future feedstocks (algae, etc.) A better fuel for a cleaner world 90 % ~ CO2 50 % ~ particulate matter 50 % ~ CO

  7. Renewables are inevitable 2 % by 2011  2 % > by 2012 5.75 % by 2010 Renewablecontent in diesel Clean Air Act of 2006Gazette, April 10, 2010 Renewable Fuel Standard ProgramRFS-2, February 2010 Renewable Energy DirectivePassed in 2007

  8. Mandated demand for renewables is taking off Billions of litres 0.12 0.6 1.4 3.8 7.5 14.8 0 2 4 7 9 11 13 15 2009 biodiesel production 2012 demand for renewables in diesel

  9. Mandates should transform biodiesel pricing Today Post-mandate (Voluntary) (Obligatory) Biodiesel price Biodiesel price • Petroleum diesel price • Incentives • Input costs • Profit margin 

  10. 80 % ~ Historically of production costs are feedstock costs

  11. The BIOX multi-feedstock advantage High levels of FFAs impede traditional conversion processes High FFA feedstocks historically trade at 35-40% discount to seed oils White grease Yellow grease Tallow 17% 57% Soy 26% Other 2008 U.S. Biodiesel feedstock sources High FFA   Low FFA

  12. BIOX’s proprietary production process CosolventTechnology FFA conversion vs. FFA pretreatment Cosolvent (recycled) Feedstock 100 Alcohol 8 • Low temperature (60°C) • Atmospheric pressure • 99.99% recycled • Efficient “mass transfer” • Permits high FFA content • Tallow • White grease • Used cooking oil • Crude palm oil • FFA converted • 1:1 yield Acid Base Glycerin 8 Bioheat 7 Biodiesel 93 Highest possible yields >99% Continuous process<90 minutes True multi-feedstock capability 12

  13. The impact of our technical advantage Competition BIOX Higher priced low FFA feedstock or pretreatment= yield loss 35-40% price discounton higher FFA feedstock Chemistry consumptionlikely higher Cannot use less chemistry (stoichiometrically) Atmospheric pressure andambient temperature= low energy cost Energy consumptionlikely higher Yield: 1:1 Yield: ? BIOX = low cost provider 13

  14. The BIOX economic advantage Biodiesel fixedto diesel price Biodiesel fixed to feedstock price Unprofitable Traditional (soy feedstock) Biodiesel price Traditional (soy feedstock) 30%lower cost Biodiesel price 30% lower cost + industry margin BIOX (multi-feed stock) BIOX (multi-feed stock) Voluntary (pre-mandate) Obligatory (post-mandate) Biodiesel directly competesagainst fossil fuel prices;Many of our competitors sit idle Biodiesel prices basedon production costs;BIOX maintains cost advantage 14

  15. Our key assets 67 46 $ million raised in RTO million litres/year Nameplatecommercial-scale facility Adequate resourcesto build second processing facility

  16. Canada’s largest biodiesel producer 9 3 1 millionlitres produced to date 16

  17. Our Hamilton I facility • Designed, built, owned and operated by BIOX • Location: Hamilton, Ontario • Biodiesel produced conforms to North Americanand EU standards • Operating at full production levels since April 2008 • Small footprint 10,000 ft2 • Modular design

  18. We select the optimal locations 1000 ft Access to • Petroleum distribution infrastructure • Customers(refiners and importers) • Transportation logistics • Favourable jurisdictions • Multiple feedstocks BIOX Downtown Hamilton Shellterminal BIOX facility 500 ft Access to • Proximity to plant-based feedstock Traditional producers Biodiesel plant 18

  19. Our next facility • 67 million litres/year nameplate facility • Estimated processing plant cost:$38-40 million • No significant reengineering • No major changes inconstruction methods • Established relationships with experienced contractors Noscale-up Financing in place Permitting Fabrication (9 months) Assembly (45 days) Maximum capacity(3 months)

  20. Revenue generators Biodiesel 95% of revenue Off-take agreements Balance sold on North American or European biodiesel spot market Anticipate directsales to majorpetroleum companies(obligated parties) Glycerin Carbon credits

  21. Corporate overview TSX symbol BX Market capitalization $52.4 mm Share price* $1.15 Cash $31.6 mm Working Capital $35.0 mm Debt $12.0 mm Shares outstanding 45.7 mm * As of Aug 10, 2010

  22. 2010 Q3 review 1 BIOX Canada = Hamilton I facility 2 Included $3.9M of non-recurring non-cash warrant valuation charges and non-recurring costs of $0.6M related to the amalgamation

  23. Management Tim HaigChief Executive Officer Kevin NortonChief Operating Officer Chris ClinningChief Financial Officer Scott LewisVice President, BusinessDevelopment and Sales Nak PaikVice President, Operations Officer Neil Van KnotsenburgVice President, Projects • Founded BIOX • Patented the process • Purchase patentsfrom UofT • Built two pilot plants • Raised capital forfirst plant • Constructed, commission and operate largest plantin Canada

  24. BIOX • Mandates should drive market economics(demand and repricing) • Technology leads to low costprovider in growth markets • Currently has assets generating cash flow • Possess capital to build additional capacity • Highly experienced management team

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