West Coast North American Location Drives Shipping Advantage

• Closer proximity to Asian end markets result in a ~45% shipping savings when compared to the U.S. Gulf of Mexico 
• Eliminates exposure to the Panama Canal’s associated delays and increasing congestion  
• The transit route from open water to Puerto Libertad provides a wide, natural deep water passage resulting in unrestricted drafts and no shipping congestion
• Puerto Libertad has a proven history of industrial vessel transits with over 30 years history of panamax vessel transits
• The Baja Peninsula provides a protected passage in a region with less storm activity than the U.S. Gulf of Mexico

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