Energy, Security, and
the Ethanol Economy

Wednesday, October 24, 2007

Presented by:

Featuring a Keynote Address
from former CIA Director R. James Woolsey

ENTERPRISING GEORGIA, a joint venture of the MIT Enterprise Forum and the Georgia Research Alliance, in collaboration with the Georgia Tech Strategic Energy Institute, is proud to present R. James Woolsey, vice-president and officer of Booz Allen Hamilton and former director of the U.S. Central Intelligence Agency. Mr. Woolsey will present national security implications for energy policy, following which a respected panel of scientists, entrepreneurs and policy analysts will discuss efforts being undertaken for a more energy-independent and stable society through innovations in ethanol production.

Come and gain answers to these thought-provoking and timely questions:

• How does US dependence on foreign oil impact national security?
• Can an intelligent energy policy not only reduce climate change, but lower the risk of regional conflict and promote greater national security?
• What are the prospects for significantly increasing the production of ethanol in our country in the next 10 years, and how will it impact our energy consumption?
• Can the Southeast's and Northwest's abundant resource of pine trees have a significant impact on the emerging ethanol economy?

7:00 - 7:30 p.m. Eastern
R. James Woolsey Keynote Address:
Energy, Secuirty and the Long War of the 21st Century

7:30 - 7:50 p.m.
Questions and Answers with James Woolsey

8:00 p.m. - 8:30 p.m.
Panel Discussion with moderator Susan Hoffman

Speaker Biographies

R. James Woolsey

R. James Woolsey is a Vice President and officer of Booz Allen Hamilton in the firm's Global Resilience practice, located in McLean, Virginia. Previously Woolsey served in the U.S. Government on five different occasions, where he held Presidential appointments in two Republican and two Democratic administrations. He was also previously a partner at the law firm of Shea & Gardner in Washington, DC, where he practiced for 22 years in the fields of civil litigation and alternative dispute resolution.

During his 12 years of government service, Woolsey was: Director of Central Intelligence from 1993 to 1995; Ambassador to the Negotiation on Conventional Armed Forces in Europe (CFE), Vienna, 1989-1991; Under Secretary of the Navy, 1977-1979; and General Counsel to the U.S. Senate Committee on Armed Services, 1970-1973. He was also appointed by the President as Delegate at Large to the U.S.-Soviet Strategic Arms Reduction Talks (START) and Nuclear and Space Arms Talks (NST), and served in that capacity on a part-time basis in Geneva, Switzerland, 1983-1986. As an officer in the U.S. Army, he was an adviser on the U.S. Delegation to the Strategic Arms Limitation Talks (SALT I), Helsinki and Vienna, 1969-1970.

Woolsey is currently the Co-Chairman (with former Secretary of State George Shultz) of the Committee on the Present Danger. He is also Chairman of the Advisory Boards of the Clean Fuels Foundation and the New Uses Council, and a Trustee of the Center for Strategic & International Studies and the Center for Strategic & Budgetary Assessments. He also serves on the National Commission on Energy Policy. Previously, he was Chairman of the Executive Committee of the Board of Regents of The Smithsonian Institution, and a trustee of Stanford University, The Goldwater Scholarship Foundation, and the Aerospace Corporation. He has also been a member of The National Commission on Terrorism, 1999-2000; The Commission to Assess the Ballistic Missile Threat to the U.S. (Rumsfeld Commission), 1998; The President's Commission on Federal Ethics Law Reform, 1989; The President's Blue Ribbon Commission on Defense Management (Packard Commission), 1985-1986; and The President's Commission on Strategic Forces (Scowcrow Commission), 1983.

Woolsey is presently a principal in the Homeland Security Fund of Paladin Capital Group. He also serves as Vice Chairman of the Advisory Board of Global Options LLC. He has served in the past as a member of boards of directors of a number of other publicly and privately held companies, generally in fields related to technology and security, including Martin Mariea; British Aerospace, Inc.; Fairchild Industries; Yurie Systems, Inc.; and USF&G. He also served as a member of the Board of Governors of the Philadelphia Stock Exchange.

Woolsey was born in Tulsa, Oklahoma, and attended Tulsa public schools, graduating from Tulsa Central High School. He received his B.A. degree from Stanford University (1963, With Great Distinction, Phi Beta Kappa), an M.A. from Oxford University (Rhodes Scholar 1963-1965), and an LL.B from Yale Law School (1968, Managing Editor of the Yale Law Journal).

Panelists

Nick Bowdish

Nick Bowdish is Director of Marketing and Sales for Fagen, Incorporated in Granite Falls, Minnesota. Bowdish was born and raised in the agricultural community of Monroe, Wisconsin and grew up in the grain industry with more than 10 years of experience at a privately owned grain elevator in south central Wisconsin . He has education in business and economics and a Bachelor's degree in Agricultural Business Management from The University of Wisconsin - Madison. Bowdish became involved with the ethanol industry as an investor in locally owned plants and later joined the project development team at Fagen Incorporated, the largest developer and builder of ethanol plants in North America . Nick is on the board of directors for a Fagen built facility and currently works with both operating and development stage projects.

Thomas Claugus

Thomas Claugus is the President and majority shareholder of GMT Capital, an Atlanta-based private equity firm with $2.92 billion in assets under management as of September 1, 2007. He graduated with a Bachelor of Chemical Engineering degree, summa cum laude, from Ohio State University in 1973. Upon graduation, he joined Rohm and Haas Company as a process engineer. In 1975, he entered Harvard Business School and graduated with a Master of Business Administration degree, with high distinction, in 1977.

He returned to Rohm and Haas as a production manager of a manufacturing facility in Mexico and over the next eight years held positions of increasing responsibility, culminating in his appointment as General Manager of Rohm and Haas for Mexico .

During the period from 1985 to mid-1989, Mr. Claugus was the business manager for the Construction Products business and then the Trade Sales business (about $180 million in sales) for Rohm and Haas in Philadelphia. From June 1989 to November 1990, he was the manager for Europe of the Polymers Division of Rohm and Haas, based in London, England. This position included all polymer business (approximately $200 million in sales) conducted by Rohm and Haas in Africa and Eastern and Western Europe. In November 1990, Mr. Claugus left Rohm and Haas to establish the Partnership.

During the period May 1991 through September 1991, Mr. Claugus managed the Partnership, delivering modest positive returns to the limited partners during that time period. The Partnership was liquidated at the end of September 1991 due to Mr. Claugus' dissatisfaction with the investment opportunities available in the market plus his desire to evaluate certain opportunities to return to a corporate operating role. After deciding against several attractive operating positions, Mr. Claugus returned to full time investing, reactivating Bay Resource Partners, L.P. in May of 1992.

Mr. Claugus has been an investor for his own account from an early age. Until late in 1986, when he began to short stocks, most of the investment experience of Mr. Claugus had been in buying equities. After suffering losses from the rise in the stock market in the first part of 1987, he made large profits from his large short position during the 1987 stock market decline. Since inception in 1993 through December 2006, GMT's benchmark fund has out-performed the S&P 500 Index by 900 basis points (20.2% net vs. 10.9%).

William J. Koros

William J. Koros is The GRA Eminent Scholar in Membranes and the Roberto C. Goizueta Chair for Excellence in Chemical Engineering at Georgia Institute of Technology. Professor Koros received his Bachelor's degree in Chemical Engineering from The University of Texas in 1969 and worked in the Engineering Department of the E. I. DuPont Company for the next four years. He entered graduate school in 1973 and upon completion of his studies in 1977 joined the faculty of the Chemical Engineering Department at the North Carolina State University as an Assistant Professor.

While at NCSU, Dr. Koros received the Sigma XI Award for research accomplishments in 1980 and was selected as one of the university's fourteen Outstanding Teachers that same year. He played an active role in committees for teaching effectiveness and academic programs. In 1983, Dr. Koros received the Alcoa Foundation Award for Outstanding Research Accomplishments and was promoted to the rank of Professor in August 1983.

In 1984, Dr. Koros joined both the faculty of the Department of Chemical Engineering and the Separations Research Program at The University of Texas at Austin . That same year, he received the National Science Foundation Presidential Young Investigator Award. Since joining the faculty, he has received numerous awards for teaching excellence and leadership including the 1990 General Dynamics Teaching Award. His most recent awards include the AIChE's 1995 Institute Award for Excellence in Industrial Gases Technology and the AIChE's 1999 Clarence G. Gerhold Award. He is a member of the National Academy of Engineering, citing his "innovations in new materials and membrane structures for separation of gas mixtures."

Dr. Koros served as Chairman of the Chemical Engineering Department at UT from 1993 to 1997. He is the Editor-in-Chief of the Journal of Membrane Science as well as a member of the Board for the North American Membrane Society and the Managing Editor for their newsletter, Membrane Quarterly. He was a co-chair of the IUPAC Membrane Working Group to develop a membrane nomenclature and is the Immediate Past Chair of the AIChE Separations Division. He was 1994-96 Chairman of AIChE's Publication Committee and edits a column entitled, "Learning in Industry" in Chemical Engineering Education to highlight this increasingly important aspect of industry-university cooperation.

Dr. Koros has published over 230 articles in the areas of sorption, transport and permeation of small molecules in polymers and other complex media such as molecular sieve carbons and ceramics.

Stephen Miller

Dr. Stephen Miller is a Senior Consulting Scientist in Chevron Energy Technology Company, and was named a Chevron Fellow in 2002 in recognition of numerous significant technical advances in the area of catalysis R&D for applications in refining and chemicals.

Steve has over 135 patents on catalysts and catalytic processes, in such diverse areas as lubricants hydroprocessing, catalytic cracking, olefin polymerization, reforming, zeolite synthesis, gas separations, and a number of petrochemical processes, and is the author of numerous publications.

He is the inventor of Chevron's Isodewaxing Technology, first commercialized in 1993, and was a major contributor to the commercialization of other processes and catalysts, including the Aromax process for making benzene.

Steve received his PhD in chemistry from the University of Illinois, and joined Chevron in 1974.