OPERATING EVIDENCE

WHY PENANG MATTERS

Operating in Penang, Malaysia for years on the same CLAD configuration specified for the three Indonesia plants.

Anchors every key operating assumption in the financial model:

• Operating utilization target: >= 90%

• Biogas yield per tonne (MSW 80-120 m3/t · animal 300-500 m3/t)

• Parasitic load: 5-10% of biogas production

• Raw biogas methane content: 55-65%

• Upgraded CBG methane: >= 97%

• OPEX scaling baseline for staffing, chemicals, consumables

Technical-partner continuity: Greenviro Solutions Sdn Bhd is the consultant on both Penang and the Indonesia portfolio. Orec Sdn Bhd carries the AD-specific scope into the Bandung FS.

Same technology

CLAD configuration carried directly into all 3 SPVs

Same consultant

Greenviro Solutions on Penang and on Indonesia portfolio

Same feedstock

Co-digestion model (municipal + animal) operating practice

Same upgrading

Membrane / PSA to >=97% methane at pipeline spec