bio pacific rim summit staub.pdf · acetone derivatives formulated products channels ... (or ipa) +...
TRANSCRIPT
BIO Pacific Rim SummitThe future of renewable
chemicals
December 8, 2014Contact: Tim [email protected]
+1 (804) 368 6136
© Green Biologics Ltd. 2014 Private and Confidential© Green Biologics Ltd. 2014 Private and Confidential
What we are doingBuilding the Leading renewable n-butanol company
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• Build production plants– Leveraging existing
assets– Employing a capital-
efficient, operating model
• Focus on low-cost, cellulosic feedstocks
• Expand technology lead with microbial and process advances
• Understand key markets
• Collaborate
• Accelerate roll out
© Green Biologics Ltd. 2014 Private and Confidential© Green Biologics Ltd. 2014 Private and Confidential 3
Focus on commercial scale upExecution on first plant, cost reduction and productivity
Focus on Scale Up / Commercialization
Core Technology Focus
Integrated renewable n-butanol production
platform
StrainDevelopment
ProcessDevelopment
Feedstocks
• Microbiology labs and offices in Abingdon, U.K.
• Pilot plant in Columbus, Ohio
• Demonstration facility in Iowa
• 30 times scale up to CMR plant in Minnesota0
50
100
150
2014 2015
Manpower Focus
Technology Admin Operations
© Green Biologics Ltd. 2014 Private and Confidential© Green Biologics Ltd. 2014 Private and Confidential 4
Commercial PlantCMR (Little Falls, Minnesota)
Progress Update
• 23MGPY operating ethanol plant
• AFP™ significant impact on CMR
productivity
• Minnesota is a favorable locale:• $500,000 Minnesota grant• Proactive state legislature, others
• Corn and DDGS prices favorable
• Attractive project returns
Source: USDA Agricultural Projections to 2023 - February 2014
0
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4
6
8
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1990 1995 2000 2005 2010 2015 2020
U.S. farm-level prices: Corn, wheat, and soybeans
Dollars per bushel
Corn
Wheat
Soybeans
Note: 2014 -2023
projection is in range of
$3.60 - $4.40 / bu. farm
cash price
© Green Biologics Ltd. 2014 Private and Confidential© Green Biologics Ltd. 2014 Private and Confidential
Marketing UpdateSolid momentum in key segments
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• Existing market demand
• New market development
• New product development
• Collaborations are key
• Leveraging China cellulosic product
– Demonstrates capability
– Facilitates collaborations
– Drives offtakes
– Manages pricing expectations
• Rebranding GBL for green formulation chemistry
© Green Biologics Ltd. 2014 Private and Confidential© Green Biologics Ltd. 2014 Private and Confidential
Leveraging the value chainCreating value and managing risk
Butyl acrylate
Butyl acetate
Butyl glycol ether
Butyl esters
Isopropyl esters
Architectural paints
Inks and toners
Household cleaners
Adhesives and sealants
Cosmetics and toiletries
Food ingredients / flavors
Plasticizers
Lubricants & additives
Other consumer products
Walmart
Ford, GM, BMW, Toyota
P&G
IF&F
Coca Cola, Pepsi
Whole Foods
Home Depot
Lowes
USDA
Others
Renewable
Feedstocks
(Sugar)
Renewable
Butanol &
Acetone
DerivativesFormulated
Products
Channels
to MarketConsumers
Our challenge is to understand
the value we create and position
GBL to share in that value
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Enable Develop Deliver Distribute Understand
n-Butanol
Acetone
© Green Biologics Ltd. 2014 Private and Confidential© Green Biologics Ltd. 2014 Private and Confidential
New product developmentDiverse opportunities to leverage our platform
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Plasticizers
Lubricants
Defoamers
Cosmetic
Actives
Specialty
Solvents
Coalescing
AgentsEmulsifiers
Unique value proposition:
Bio-based n-butanol (or IPA)
+
Bio-based co-product
(carboxylic acid, base oils)
Flow Modifiers
Potential chemistries:
Butyl esters (>70)
Isopropyl esters* (>50)
Methyl isobutyl ketone*
Isopropyl alcohol*
* Acetone derivatives
Products can be produced directly, via tolling, or via collaboration
Trends:
Non-toxic
Biodegradable
Natural
Sustainable
Green
High Growth
© Green Biologics Ltd. 2014 Private and Confidential© Green Biologics Ltd. 2014 Private and Confidential 8
• Scale is everything – reach the inflection point!
• Collaborations are critical– Downstream partners provide volume and leverage
– Upstream partners provide access to capital, feedstocks and capacity
• Synthetic biology tools will change the future– Clostridia is a workhorse microbe
– GBL aims to be the leader in Clostridia microbial development
• Chemical synthesis still matters . . . a lot
• Fairness must be balanced with reality– Mass balance / book and claim will drive acceptance
– Marketing claims must be based on C14 analysis and renewable content
• The world won’t stop spinning– Oil will be cheap . . . and expensive (again)
– Global commodities will always be commodities
– Blocking and tackling – must demonstrate quality, supply security, value
Critical issuesCreating balance in a world of giants
© Green Biologics Ltd. 2014 Private and Confidential
Thank you!
Tim StaubGlobal VP Business [email protected]+1 804 368 6136