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ANIMAL TALLOW AS A RENEWABLE FEEDSTOCK

Animal tallow — o rendered form of fat which includes beef tallow, pork lard, and chicken fat — is an increasingly
attractive feedstock option for renewable fuel manufacturers in North America and Europe due to its availability,
comparatively low cost, and high cetone number. As on lSCC-certified international supplier of bio-based fuels and
feedstock, Targray is well-positioned to help meet the renewable fuel market's growing need for sustainable
feedstock supply solutions.

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Tallow Definitions

Tallow Specifications

GRADES SPECIFICATIONS

TITRE FFA FAC R&B MIU

min. max. max. max.

1) Edible Tallow 41.0 0.75 3 none

2) Lard (Edible) 38.0 0.50 none

3) Top White Tallow 41.0 2 0.5 1

4) All Beef Packer Tallow 42.0 2 none 0.5 1

5) Extra Fancy Tallow 41.0 3 none

6) Fancy Tallow 40.5 4 7 none 1

7) Bleachable Fancy Tallow 40.5 4 none 1.5 1

8) Prime Tallow 40.5 6 13-11B none 1

9) Special Tallow 40.0 10 21 none 1

10) No.2 Tallow 40.0 35 none none 2

11) “A” Tallow 39.0 15 39 none 2

12) Choice White Grease 36.0 4 13-11B none 1

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13) Yellow Grease 39 none 2

14) “Technical Tallow (inedibIe)"as grade 1A 41.0 0.75 3 none

15) Used Cooking Oil 15 39 none 2

” Moisture maximum 0.20%. Insoluble Impurities maximum 0.05%

** Lovibond Color 5 1/4 inch cell — Max. 1.5 Red. Lard Peroxide Value 4.0 ME/K Max.

“** Titre minimum, when required, to be negotiated between buyer and seller on a contract-by-contract basis.

”*" FFA Maximum, when required, to be negotiated between buyer and seller on a contract-by-contract basis.

# — Impurities shall not exceed 0.15% except as otherwise negotiated by buyer and seller on a contract-by-contract basis

(Information provided by the American Fats and Oi/s Association; See previous tab for definitions )

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logistics, and compliance experts
supplier of biofuel feedstock - the this demand growth with wholesale the biodiesel se‹
work closely with customers to
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while also ensuring compliance with
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