Post on 30-May-2018
transcript
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! Introduction to Osage Bio Energy
! Osage Bio Energy business model
!
Barley in the Mid-Atlantic / Southeast
! Overview of plant construction
Agenda
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Introduction to Osage Bio Energy
Maximizing Barley Bioprocessing to Create Food and Fuel
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Osage Bio Energy Business Model
Maximizing Barley Bioprocessing to Create Food and Fuel
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! Locally grown barley feedstock with numerouseconomic advantages over corn
! Numerous barriers to entry for competition
! Best-in-class partners
! Talented management team
Osage Bio Energys Business Model
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Osage Bio Energys business model is robust in many ways and lays the foundation for becoming an advanced bio-refinery
Foundation for advanced bio-refinery
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Economic Advantages of Local Barley-Based Plant over Typical Corn-BasedPlant
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Ethanol
DDGS
Ethanol
Barley Protein Meal
Biomass fuel pellets
Corn
Barley
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Osage, Inc.
Snapshot of Osage Bio Energys Model
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Ethanol
BPM
CO2
Hulls
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Energy & FeedConsumers
http://www.praxair.com/praxair.nsf8/9/2019 CraigShealy EPAC Presentation
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Technology provider " Leading global ethanol and starch fermentation process technology, with particular expertise in conversion of small grains to alcohol.
" Operating history throughout the United States, Europe, and Asia with multi-feedstock ethanol plants that produce alcohol from corn, wheat, barley, triticale, andrye.
" Built over 115 Ethanol plants globally.
Distribution partner - Ethanol
Osage, Inc.
" Largest independent distributor of ethanol in the Southeast." 24 year operating history as an ethanol distributor." Deep industry relationships and proven ability to distribute ethanol to leading
independent customers." Exclusive distributor for OBE." Approximately 150 million gallon + annual run rate.
Marketing partner - BPM " A leading animal feed company in the U.S" Significant experience marketing feed to dairy, poultry and swine in OBEs target
market" OBE has an agreement with Land OLakes to serve as its primary BPM marketer
Grain Supplier and BPM Marketer " Regions largest integrated agricultural products company" Significant regional grain storage capacity" Capability to fully supply feedstock and off-take and BPM
Business Partners
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Osage Bio Energys Bio-Refinery Strategy
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Ethanol
Barley Protein Isolate
Barley Oil
Food Fiber
Ethanol
Barley Protein Meal
Biomass fuel pellets
Beta Glucans
Today Future
OBEs long-term vision is to take the current model to the next step and make higher value products.
Starch
Beta Glucans
ProteinOil
Fiber
HullFiber
Products ProducedGrain
Component
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Osage Bio Energys location in the Mid-Atlantic serving the East Coast provides itwith key strategic advantages due to feedstock and transportation benefits.
! Regional winter barley historically hastraded at a discount on a pound for
pound basis to corn.! Osage Bio Energys barley co-product
has a superior protein profile than cornDDGS and will sell at a premium.
!
Osage Bio Energy will save on ethanoltransportation costs from the Midwest.
! Our ethanol marketer, Osage, Inc.obtains market-leading pricing on
ethanol sales in the Southeast andMid-Atlantic markets through rack
pricing and has a 24 year operatinghistory in the region.
! Osage Bio Energy has an exclusivetechnology license with KATZENInternational, as well as other key
technology components of theprocess.
Structural Economic Advantages
Appomattox
Source:www.ethanolproducer.com
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Barley in the Mid-Atlantic / Southeast
Maximizing Barley Bioprocessing to Create Food and Fuel
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Double cropping with barley and soybeans provides a longer growing season for soybeans and thus enables a higher yield.
Why Barley in Virginia
! Virginia Tech studies indicate that that double cropping barley and soybeans results in aminimum yield advantage of five bushels of soybeans per acre versus wheat .
! Barley trials at Penn State University and Virginia Tech University show that the Thoroughbredvariety, on average, can produce yields of 95 bushels per acre in a double crop system withsoybeans.
! Virginia Tech indicates planting date yield loss at one half bushel per day for each day after June10.
Minimum yield advantage of 5 bushelsof soybeans per acre versus wheat.
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Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept.Winter wheat/ soybeans
Barley/ soybeans
Plantwheat
Plantbarley
Harvest wheat
Harvest barley Plant soybeans
Plant soybeans
Harvest soybeans
Harvestsoybeans
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Winter Barley Late February
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Growth Stage 26-27 Early March
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Growth Stage 31 Late March
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Growth Stage 37 Early April
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Growth Stage 50 (Flowering) - Late April
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Growth Stage 75 (Ripening) Mid-May
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Growth Stage 85 Late May
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Osage Bio Energy Construction Process
Maximizing Barley Bioprocessing to Create Food and Fuel
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August 2009
ABE Construction Progress
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November 2009
ABE Construction Progress
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February 2010
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May 2010
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Current