Fidelis is also actively developing two co-located, synergistic, and symbiotic project facilities to enhance the value of Grön Fuels and that will collectively comprise the Grön Fuels GigaSystem™. The facilities include Bio-Carbon Capture & Sequestration (through Capio Sherburne Sequestration, LLC (“Capio”)) and Biomass Power with integrated carbon capture and sequestration (through Cyclus Steam & Power, LLC (“Cyclus”)), all wholly owned Fidelis subsidiaries. Grön Fuels, Capio and Cyclus combined enable the Grön GigaSystem™ complex to produce the world’s first carbon negative SAF and RD without taking new technology commercialization risks.

Specific to the Grön Fuel complex, Capio Sherburne Sequestration LLC (Capio) is developing a program of CO2 sequestration in the Sherburne Wildlife Management Area (WMA) located in southern Pointe Coupee, Iberville, and northern St. Martin Parishes, Louisiana. The leased portion of WMA is owned by the Louisiana Department of Wildlife and Fisheries and is not located on Indian lands. This permit application is for an initial injection well and Capio intends to permit an additional five injection wells to support the overall project. The CO2 source for initial injection is the Grön Fuels Renewable Diesel Facility, which will be located near Baton Rouge, Louisiana. Capio expects to sequester 1.6 million metric tons during its first year of operation. In the following years and with additional sources of CO2 from the Grön GigaSystem™, Capio expects to inject up to 5 million metric tons of CO2 per year.