Agroindustria Madero S.A. is an Argentine company located in Buenos Aires province that processes soybeans and sunflower seeds to produce oil and animal feed. It is establishing a new subsidiary, BioMadero S.A., to produce biodiesel from vegetable oils as an additional product line. BioMadero will use Agroindustria Madero's existing suppliers and facilities to integrate biodiesel production. Biodiesel is an alternative fuel that can be produced from vegetable oils and used as a substitute or additive for diesel fuel.

1. Biodiesel … by a green conscience …. Continuing with our commitment …. April 2007

2. Actual Business Agroindustria Madero S.A. it is an argentinean company located in the Province of Buenos Aires, dedicated to the processing/crushing of soya/sunflower seed, to obtain crude and refined oil and food for animal feed and human consumption. The firm is a young Company (2003) that has had a great development from his beginnings, obtaining an excellent level of integration and commitment with the quality of its products. The directors, engineers and specialized personnel for over 30 years have been developed into the oilseeds industry and meals, being among the best ones of the country in those industries, having a high recongnition and respect in the market. Agroindustria Madero S.A. has a current personnel of 195 workers.

3. Accionistas y Management (cont.) Management CEO: Jorge Vezzuci Dirección Técnica: Ing. Pablo Pagani Ing. Héctor Mathiasen Dirección Administrativa y Comercial Abog. Magdalena Ruete Aguirre Ricardo Olaviaga

6. Legislation and Goverment Authorities Ministry of Health, Secretariat of Environmental Policy. Deparment of Energy´s Ministry of the Production Department of Agriculture, Cattle, Fishing and Nutrition feeding INTI (National Institute of Insdustrial Technology) SENASA Código Alimentario del Mercosur/ Mercosur Nutritional Legislation Registro Nacional de Establecimiento (RNE) / National Registry of Establishment Registro Nacional de Producto Alimenticio (RNPA) / National Nutritional Product Registry Our Brands in th elocal market Agroindustria Madero S.A. has two brands into the local market: EL CORTIJO y SINGULAR. The packaging of our oils is also made under the registered tradename of our clients in its different packages (1lt, 2lt, 5lt, 10lt, 15lt, 20lt.) International Trade Our direct exports has destinies like Chile, Uruguay, South Africa, Australia and Germany .

7. The Plant Equipment (cont.)

8. MADERO PLANT – TECHNICAL CAPACITY 200 Tn/día Texture Vegetable Protein (TVP) 15.000 Tn Storage capacity for Oil 135 Tn/día Refined Sunflower/ Soya Oil capacity 1.000 Tn/día Soya/Sunflower seed elaboration capacity 100Tn/día Harina Flash Elaboration 80.000 Tn Storage capacity for Seeds and Pellets 37.500 m2 Surface

9. Equiptment Equiptment GROUP PLANT

10. Equipment (cont.) Layout 1) RECEPTION 2) FACTORY 3) CHAMBER: Edesur. 4) CHAMBER: Gas Natural. 5) ADMINISTRATION 6) BIANCHETTI SCALE 7) REFINED OIL TANKS 8) FRACTIONAMIENTO ç) & 10) REFINERY 11) HYDROGENATING PLANT 12/14/51/52) SALCOR CAREN 1 BOILER 13) LIQUID EFLUENTS TREATMENT PLANT 15/16) SALCOR CAREN 2 BOILER 17) LABORATORY, PRODUCTION AND MAINTENANCE OFFICES 18/19) RAW MATERIAL STORAGE CELL: 13.800 TNS. 20/22/23/24) AIR SILOS 21) RAILROAD SCALE 25) DRESSING ROOM AND PERSONAL DINING ROOM 26) CRUDE OIL STORAGE TANKS 27) TRANSFORMING CHAMBER 28) SHELLED BHULER (400 TNS/DAY) 29) STORANI AND ALLOCO PRESS (400) 30) LAMINATION 31) SMITH CONDITIONING 32) PRESSES (300 TNS/DAY) 33) PARABOLIC ROOF 34) RAW MATERIAL PRODUCTION SILO 35) BOXCARS DISCHARGE CHUTE 36) PELLETS SILO 37) SMET SOLVENT EXTRACTION (800 TNS/DAY) 38/39/40) OLD EXTRACTION (NON EXEMPLARY) 41/42) FLOUR SILOS & PELLETS MACHINES(960 TNS/DAY) 42) PELLETS SILOS 43) CELL Nº 3 PELLETS/SEEDS STORAGE 44) ANIMAL FEED AREA 45) CELL PELLETS/SEEDS 50) PRESS (200TNS/DAY) 53/54) SCALE LA TORRE TRUCKS 55) SHELLED BHULER 200 TNS/DAY 56) EXTRUDERS SECTION 57) AUTOMATIC CHARGING CENTER 58) CELL Nº 5 PELLETS/SEEDS STORAGE 59) ELETRMECHANICAL WORKSHOP 60) SOLVENT TANKS

11. NEW COMPANY

13. Biodiesel Plant Equipment

19. Flow Chart Caracterización del Biodiesel (cont.)

26. Biodiesel Market in Argentina Total Fuels Nafta, GNC, etc Gasoil 2004 Gasoil 2010 Biodiesel 5% Mercado de combustible actual y estimado, en miles de mill. de litros 23.7 11.4 12.3 14.0 0.7 Overview local and internacional market (cont.) Source: SAGyP

28. World Production of Biodiesel En billones de litros Overview local and internacional market(cont.) Source: European Biodiesel Board 3.8 3.0 Total 0.1 0.1 Others 0.8 0.4 USA 0.2 0.0 UK 0.2 0.4 Italy 0.5 0.4 France 2.0 1.7 Germany 2005/6 2004/5

30. Overview local and internacional market (cont.) European market – Legislation about biodiesel

31. Composition of 100 Tns of Biodiesel Equipment (cont.) 103 Tns of Refined Soy Oil 10 Tns of Methanol 0,05 Tns of Potassium Hydroxide + + Raw Material 100 Tns of Biodiesel + 10 Tns of Glicerol

32. Specifications EN14214. Result According to regulation