$0 2023E 2026E 2028E $400 $100 MID - HIGH CO2 CONCENTRATION PROJECTS (≥15% CO2 STREAM CONCENTRATION) ▪ Capital requirements for capture systems, while still significant, are expected to be on the lower end of the capture cost curve due to higher CO2 concentration of stream ▪ Potential LCFS expansion could provide further EBITDA potential ▪ Inflation Reduction Act of 2022 expands potential project opportunities ▪ CalCapture2is an advantaged low CO2 concentration project given its proximity to storage (insign ...