Transformational Strategy: Renewable n-Butanol … Market Presencearket Presence Abingdon, England...

Transformational Strategy: Renewable n-Butanol For Biorefineries

© Green Biologics Inc. 2013 Private and Confidential

Contact:[email protected]

June 18, 2013

Strategic Pillars Reflect Our Approach to BusinessStrategic Pillars Reflect Our Approach to Business

Know more about our business partners and how to address their priorities

Extract more value from feedstocks handled and processed

Innovate and optimize our business and performance in p prenewable chemicals

© Green Biologics Inc. 2013 Private and Confidential 2© Green Biologics Inc. 2013 Private and Confidential

Global Market PresenceGlobal Market Presence

Abingdon, EnglandHQ Office/Labs/PilotColumbus, OH

Pilot Plant/Lab

Jiangsu, China

Jilin, China

Pilot Plant/Lab

B il

US ethanol retrofit/bolt-on

India

Guangxi, ChinaDemo Plant, IA(partner facility)

Brazil India

Richmond, VABus. Office


Transforming Established TechnologyTransforming Established Technology

The Clostridia ABE process was developed in Britain in early 20th century by Chaim Weizmann later thein early 20th century by Chaim Weizmann, later the first president of Israel

Large and growing global industry until the 40s when oil prices droppedp pp

Used commercially in Russia and South Africa until the 1980s

A well-understood and reliable commercial process Fermenters in Toronto ABE plant, 1917Picture courtesy of City of Toronto archivesp

Today the GBL transformed process is competitive with petroleum-derived butanol.

Picture courtesy of City of Toronto archives


South African ABE plant, circa 1950

Commercially Focused Technology: Flexible Bioprocessing

Fermentation & Solvent Recovery

Molasses

Feedstocks Hydrolysis

Commercially Focused Technology: Flexible Bioprocessing

Products

Glycerine

Hemi-cellulose Butanol

Acetone

Proprietary seed system

H2hydrogen capture

SaccharificationCorn Starch

Hydrolysis

EthanolAdvanced Fermentation

seed system

Oppp

Sorted MSW Pre - treatment Hydrogen

1-Butene

Wood

Corn stover

Hi h l

Butyric Acid

Advanced Solvent Recovery

BEST™

B


Existing Technology

Under Development

High value chemicals C4 platform

Bagasse

Competitive Advantage: Leader in C4 RenewablesCompetitive Advantage: Leader in C4 Renewables

Implementation Positioning and Feedstock FlexibilityTechnology Platform

Process engineering designs

Strategy

High value product

Performance

Cellulosic feedstock pre-

&

Feedstock Flexibility

Extensive microbial culture collection

Technology Platform

for “bolt on” & ethanol retrofit projects

Sugar/pulp mill bolt-

Low cost producer

Capital efficient Drop-in chemical

treatment & hydrolysis

Including both C5 and C6 sugarsP id

(>300 strains) Leading expertise

to improve microbial strain

on and retrofit Enables high return,

low capex solutions Know-how from

Technology demonstration at commercial scale

Sustainable /

Proven on wide range of cellulosic feedstocks (stover, bagasse, MSW d l

performance Advanced

continuous fermentation

working across global customer base

favorable LCA MSW, wood, pulp waste)

process BEST™ solvent

recovery


Market Opportunity: Large and Growing MarketMarket Opportunity: Large and Growing Market

Large and Growing Market Product Pipeline& Markets

Building block chemical in $85 billion paints, coatings, inks, and adhesives

Cellulosic feedstocks $270 Billion

Competitive price

Sustainable & favorable LCA

Advanced biofuel for $2 trillion global $40 Billion

$140 Billion

$10 BillionExisting Market

gtransport fuels market

Core technology program positions GBL well in fuels

$5 Billion $5 Billion

$

n-Butanol(Core Market)

Acetone & Derivatives

Butene, Butadiene, & IPA

Synthetic Oils & Biofuels

Jet Fuel


Source: Management Presentation, Wall Street, Internal Research & Industry Research.

n-Butanol End Uses

High growth opportunities in acrylates and acetates

n Butanol End Uses

(AGR 1.4%)

Global demand estimated at 3.4mT p.a. growing at 4.4% p.a. short term

China demand is growing at 9% p.a.; will h 40% f l b l d d b 2020

Solvent15%

Other5%

reach 40% of global demand by 2020

Targeting collaborations with both renewable and existing C4 derivatives producers

Acrylate41%

Glycol Ethers

9%

(AGR 5.5%)

(AGR 2.8%)

(AGR 2.7%)

producers

Primary end market is $85 billion global paints, coatings, inks and adhesives industry

Acetate30%

(AGR 3.9%)

industry

Major downstream customers are demanding renewable raw materials


Source: IHS

Flexible Feedstocks

Use of C5 sugars key to superior performance

Flexible Feedstocks

Typical Cellulosic Composition

performance

GBL’s organisms can utilize diverse cellulosic feedstocks C6 Sugars

C5 Sugars

Molasses: Corn Woody Sugar Cane Municipal Solid

Product Yield on Sugars Fed (%)

Molasses:benchmark

Corn Stover

Woody Biomass

Sugar Cane Bagasse

35% 37% 39% 39%

Municipal Solid Waste

35%38%35% 37% 39% 39% 35%38%


Commercial Programs Supported by Intellectual Propertyg pp y p y

Technology assets (microbial culture collection)

Patents (core IP) Patents (core IP)

Know how (methods/skills/expertise)

Gas recovery

StrainDevelopment

Process Development

Feedstock Hydrolysis

Design &Engineering

Superior Microbes

BESTTM

Advanced

recoverycontrol

barcode

Water recycle

Pre-treatment Retrofit

Culture

Genetic engineering &

synthetic biology

Fermentation

Product recovery

Chemical mutagenesis

recycleHydrolysis New

BuildCollection

ContinuousBEST1000


Integrated Technology AdvancementIntegrated Technology Advancement

Three Parallel Programs for Continuous Cost Reduction

Process DevelopmentStrain Development FeedstocksDeveloping and optimizing high

performance processes including seed development, fermentation, product

recovery, water use

pEnlarging and probing the culture

collectionGenerating improved strains

FeedstocksScreening feedstocks and feedstock

conversion technologies for integration into the GBL production process

Integrated renewable n-

butanol production platform


North America Ethanol OptionsNorth America Ethanol Options

Bolt on to existing ethanol asset Ease of deployment Value added to existing asset Transformation to a biorefining complex

Phase 2 addition of cellulose conversion Phase 2 addition of cellulose conversion Fermentation including both C5 and C6 sugars Proven on wide range of cellulosic feedstocks Ability to operate on cellulose or original bolt on corn mashAbility to operate on cellulose or original bolt on corn mash Evolutionary biorefining with corn or cellulose feed

Retrofit (or repurposing) O t i ti h ith di t d t Opportunistic approach with distressed asset High return, low cap-ex equipment rework solution


Ethanol Bolt on RelationshipEthanol Bolt on Relationship

GBL Fermentation

GBL Distillation

nol

GBL Solids & Evaporation B

utan

ol&

Ace

tone

Eth

an

Condensate

p

GBL Butanol


GBL Butanolstorage & loadout

Protein solids to DDGS

Bolt on Scope Phase 1Thin Stillage

Ethanol Bolt on With CelluloseEthanol Bolt on With Cellulose

GBL FermentationPretreat to monomer sugars

Biomass Receiving and storage

Cellulose Scope Phase 2

GBL Distillation

nol

GBL Solids & Evaporation B

utan

ol&

Ace

tone

Eth

an

Condensate

p

GBL Butanol


GBL Butanolstorage & loadout

Protein solids to DDGS

Bolt on Scope Phase 1Thin Stillage

Ethanol RetrofitEthanol Retrofit

Repurpose design for

butanol fermentationR

Clostridia

Sugar/Starch

fermentationRepurpose storage and

loadout

ButanolDDGS

Not Required

Repurpose for butanol

(Corn)


Acetone & ethanol

Pulp and Paper OptionsPulp and Paper Options

Bolt on to existing Pulp and Paper asset Ease of deployment Value added to existing asset with upgrade of C5 sugars to

chemicals Transformation to a biorefining complex

Phase 2 addition of full cellulose conversion Fermentation including both C5 and C6 sugars Proven on wide range of cellulosic feedstocksg Evolutionary biorefining with cellulose feed Increase utilization of wood supply chain resources


R&D, Pilot Plant and Demonstration Facilities,

Gahanna Pilot PlantMilton Park Labs & Pilot Plant

150 liter 2 @ 550 liter100 - 200 literBench Scale

Commercial DemonstrationDemonstration Plant

4 @ 40 000 liter Commercial Scale


4 @ 40,000 liter Commercial Scale

Summary: Why Green BiologicsSummary: Why Green Biologics

Attractive markets Greater than 3.4 million tonne chemical market Renewable chemical trends Supply cost competitively (i.e. no subsidy needed)

Leadership Established commercial and technical expertise World leader in ABE fermentation technology Understanding of the chemical markets

T h l ff lti l f d t k ti Technology offers multiple feedstock options C5 & C6 sugars conversion Proven on wide range of cellulosic feedstock Extensive microbial culture collection

Attractive & capital efficient implementation options Process designs for “bolt on” & retrofit Demonstrated technology


Advanced technology directed toward low cost position

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