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PlenishTM High Oleic SoySteve Schnebly, Senior Research Manager

February 2011

PlenishTM High Oleic Soy

• Biotech soybean with consumer benefits

• Enhanced functionality for food preparation

• Industrial application benefits

• High-yielding Pioneer® brand Y series varieties

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Biotechnology used to Improve The Stability of Soy Oil

• Seed specific silencing of oleic acid desaturase genes

• Reduces the amount of unstable 18:2 and 18:3

• Increases levels of 18:1 Oleic Acid (monounsaturate)

• Resulting fatty acid profile similar to olive oil

PalmiticAcid C16:0

StearicAcidC18:0

OleicAcidC18:1

LinoleicAcidC18:2

LinolenicAcidC18:3Oleic acid

desaturase

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PlenishTM High Oleic Soybeans Yield & Agronomics

• PlenishTM high oleic soybeans have the necessary agronomic and defensive traits, with solid yield performance

• Research data indicates continued parity yield with industry leading Pioneer® brand M and Y series soybean products

• SCN resistance

• Phytophthora resistance and/or Phytophthora Tolerance

• Good tolerance to SDS

• Stable fatty acid profile

– >75% Oleic

– ~3% Linolenic

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*Source: Pioneer research plot multi-year yield data depicting an average yield on

PlenishTM high oleic commercial varieties compared to average yield of Pioneer® brand

elite soybean checks in 2008-2010.

Fatty Acid Stability of Nine PlenishTM Soybean

Varieties Grown in 2010

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60.00

65.00

70.00

75.00

80.00

85.00

90.00

Napoleon, OH June 8th

Algona, IA May 17th

Napoleon, OH July 2nd

Dallas Center, IA May 6th

Princeton, IL June 7th

Mascoutah, IL June 14th

Crawfordsville, AR June 17th

ME

AN

OL

EA

TE

C

ON

CE

NT

RA

TIO

N

60.00

65.00

70.00

75.00

80.00

85.00

90.00

Algona, IA May 17th

Napoleon, OH June 8th

Napoleon, OH July 2nd

Dallas Center, IA May 6th

Princeton, IL June 7th

Crawfordsville, AR June 17th

Mascoutah, IL June 14th

ME

AN

OL

EIA

TE

C

ON

CE

NT

RA

TIO

N

Target Applications for Plenish™

1. Improved Frying Performance

• Stability – increased fry life

• Flavor

• Decreased equipment maintenance

2. Longer Shelf Life for Manufactured Products

• Stability

• Flavor

• Improved label opportunities

3. Improved Shortening Basestock

4. Blending Opportunities

• Cost

• Functionality

• Flavor

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77

PlenishTM Extends Fry Life

Fry Life*

0 2 4 6 8 10 12

Conventional

Soy

Plenish™

Days

Longer Fry Life

• 2 to 3X longer than conventional soy

• Fewer oil changes = lower labor and oil costs

* As determined by when oil reaches 24% total polar material

Food Fried in Plenish™ Is Preferred

Results after 10 days of frying

0

0.5

1

1.5

2

2.5

3

3.5

4

Appearance Texture Flavor OverallPreference

Pre

fere

nc

e

No Trans Partial Hydro Soy

Partial Hydro Soy

High Oleic Soy

15 lb capacity fryer, 350 F, 8hrs/day, %oleic: NTPH 22, PH 51, HOS 81

Anisidine Value(Off Flavor Development)

0.00

20.00

40.00

60.00

80.00

100.00

0 50 100

Hours of Frying

An

isid

ine

Va

lue

No Trans PH

Soy

PH Soy

HOS

Oxidative Stability Index(Resistance to Oxidative Breakdown)

0.00

20.00

40.00

60.00

80.00

0 50 100

Hours of Frying

OS

I (H

rs)

No Trans PH

Soy

PH Soy

HOS

Polymer(Development of Gums)

0.00

0.20

0.40

0.60

0 50 100

Hours of Frying

% P

oly

mer No Trans PH

Soy

PH Soy

HOS

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Data kindly provided by Pam Teran, Bunge Oils

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PlenishTM High Oleic Soy Extends Shelf Life

• Stable oil under bulk storage

• Extended shelf life for food products prepared with PlenishTM

• Allows for clean labels, removal TBHQ

Schaal Oven

0

20

40

60

80

100

120

140

160

180

200

0 2 4 6 10 16 20 25 30

Days

Pe

rox

ide

Va

lue

Plenish

Commodity

Schaal Oven

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

0 2 4 6 10 16 20 25 30

Days

Od

or

Inte

ns

ity

Plenish™

Commodity

Rule of thumb: 1 day oven = 1 month shelf

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PlenishTM Reduces Problematic Polymer Build-up

Data kindly provided by Pam Teran, Bunge Oils

High Oleic Soy Low Lin Soy

Lack of Oil Stability

• Current trans-free options not as stable as partially hydrogenated oils

• “Varnish-like” coating on equipment

• Foodservice operators experiencing added cleaning costs resulting from tacky materials coating surfaces

The Solution:

PlenishTM High Oleic Soy

• Lower maintenance and cleaning costs

• Reduced safety risk

Conventional Soy Plenish™ High Oleic Soy

PlenishTM High Oleic Soy Market Development

• Strong downstream demand based on initial

performance and the potential for high volume

availability with large soy acreage availability

• Product testing agreements in place with major food

and industrial users

• Meeting / exceeding product performance requirements

• Positive test feedback on everything from taste to

functionality

• PlenishTM high oleic soy is moving to second phase of

product testing with several accounts

• Increased oil volumes now available for testing as a

result of US regulatory approval

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Advantages for Industrial UseBio-based fluids are in demand

• Green: Renewably sourced, domestically sourced, sustainable, biodegradable

• Regulatory incentives

• Cost: Increasing crude petroleum prices, cost of environmental clean-up

High Oleic Soybean Oil has properties superior to petroleum based oils

• Better lubricity, viscosity and shear resistance

• Higher flash point

• Reduced combustibility

Stability and oleic purity drive opportunities

• Lubricants, Hydraulics

• Dielectric Fluids

• Polyols, Adhesives

• Oleochemicals

0

50

100

150

200

250

Commodity

Soy w

additives

High Oleic

Soy w

additives

Conventional

Petroleum-

Based fluid

Ca

m R

ing

& V

an

e W

ear (

mg

)

pass

fail

Pump Wear

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Building High Volume / Low Cost Supply Chains

• Building High Volume / Low Cost supply chains to sustain a win - win for all

participants (tech suppliers, growers, processors, end-users)

– High yielding products in multiple varieties provides growers flexibility

– Acreage concentration: New origination / supply models with processors that lower costs

• Creating maximum demand pull

– Product promotion / positioning with downstream markets

– Positioning with Influencers & Consumers

Processors /

Refiners

ConsumersGrowersSeed

Company /

Tech Provider

Handlers -

Elevator

Systems

Food

Manufacturers

Export

Markets

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Soybean Industry Benefits

• Opportunity to increase soybean oil market share

– Increased value for growers participating in IP crop production

– Industry benefits from increased value and demand for soybeans

• Showcases soybean growers ability to produce and supply in

demand, enhanced ingredients for consumers

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Grower

Oil Processor

Food Company

Enhanced oil functionality and stability;

Opportunity for high volume / low cost supply;

Consumer benefits

Expands oil portfolio

and business opportunities;

Utilizes current soy processing infrastructure

High-performing Y series soybeans with

built-in demand for enhanced soy oil;

Opportunity to earn incentives;

Regain US soy oil market share in food use

Value and Benefits across the Chain

Industrial UserFunctionality and stability they require;

Cost effective, renewable raw material resource

Consumers 0g trans fat and 20 percent less

saturated fat than commodity soy oil

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