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To reduce venting, Valeura progressed the Ban Yen Bi-Fuel Project and the Jasmine Low BTU Gas Generator Project (which was installed in April 2025). In both instances, these projects aim to use less emissions-intensive fuels to generate power than the traditional alternative, diesel. The Jasmine generator, in particular, also plays an important role in reducing flaring and venting by utilising otherwise wasted gas. Ultimately, the projects reflect a modernisation of the Company%u2019s facilities, by deploying technology that did not exist when the facilities were originally built.During 2024, various additional reduction projects were initiated to manage emissions from combustion. These include optimising the use of crude oil as a fuel for cargo tank heating, and closely managing how marine vessels are used to improve fuel efficiency.Aims to reduce marine diesel consumption.Marine Vessel Diesel Fuel Reduction Initiatives ProjectMore effective planning to minimise unplanned vessel calls, optimising diesel and freshwater bunkering.Overall expected Category 1 GHG emission reduction in 2024 from the project is approximately 2,956 tonnes CO2e.The Ban Yen Bi-Fuel project replaced diesel-only power generation with systems that burn both natural gas and diesel.Deployed mooring buoys to minimise idle time of vessels on standby. Total decrease of 5,553 tonnes CO2e per year (8-10% reduction vs original plan). Ban Yen Bi-Fuel ProjectIn 2024, the project resulted in the reduction of 1,443 tonnes CO2e of diesel consumption, with an anticipated further decrease of approximately 1,513 tonnes CO2e by diverting vented gas to fuel. VALEURA ENERGY INC. 033