biofuels, Oakbio is focused on renewable products that are inherently valuable and profitable in and of themselves, with or without a carbon tax or subsidy. Oakbio’s core competency is its deep understanding of microbial metabolism and pathways, and its proven technology platforms. Oakbio’s business model is to partner with established industrial businesses to develop low capex/opex carbon capture and utilization biofactories based on Oakbio’s core technologies.