ethanol plant diversification - ace 2017 plant diversification - ace 2017.pdf ·...

Product Diversification: Proven Path Forward

American Coalition for Ethanol Annual Conference 2017

Neal Jakel – VP Strategy and Technology6105 Rockwell Drive NE, Suite CCedar Rapids, IA 52402(319) 320-‐[email protected]

Leaders in Biofuels/Biochemicals

2

Presentation Outline

© 2017 Fluid Quip Process Technologies, LLC. All rights reserved.

“As the ethanol industry continues to mature, the need for diversification is ever more important, given the limited market and market volatility of ethanol. Ethanol is still approximately 75% of the typical plant’s revenue and is held captive to external market influences as is DDGS given the commodity nature of this product. New products, new market, hence new opportunities for the ethanol industry are growing. FQPT has developed a suite of commercially proven technologies that help ethanol plants truly become biorefineries via product diversification.”

}Related Industry Lessons Learned

}Ethanol Headwinds

}Trends Moving Forward

}Diversification Pathway

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Presentation Goal


“It's often said that the definition of insanity is doing the same thing over and over and expecting a

different result”

Don’t be insane at the end of this presentation!

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Related Industry Lessons Learned


5

The Beauty of the Corn Kernel

Starch = 73.9%

Fiber = 11.3

Protein = 8.9%

Germ (Oil) = 4.4%


4 simple components, endless opportunities

6

Wet Mill Process – Well Refined Since 1844


7

Wet Mill Products – Then and NowThen 1980’s – 40+ wet millsØStarch (acid. & modified)ØDextrose (unrefined refined, 95 & 99)

ØFructose (42 and 55)ØCorn OilØSpent GermØGluten Feed (wet & dry)ØSteep WaterØGluten MealØCitric Acid

Now 2017 – 21 wet millsØStarch (acid., modified, many more)ØDextrose (unrefined/refined, 95 & 99, maltodextrin, cyclodextrins)

ØFructose (42 and 55)ØCorn OilØSpent GermØGluten Feed (wet & dry)ØSteep WaterØGluten MealØCitric AcidØGluten IsolateØBrewer’s Yeast

Ø150+ more


Corn Wet Mill 200+ SKU’s

8

Soybean IndustryProduct DiversificationØSoy OilØBean MealØConcentrated ProteinØSoy SauceØIsolatesØSoy FlakesØTexturized SoymealØTofuØSoy MilkØIndustrial Polymers/Oils


9

Dry Mill Ethanol Process – Tried and True

Corn Oil


10

Dry Mill Ethanol – Then and Now

Then 1980’s

Ø EthanolØ W/D DGS


Now 2017

ØEthanolØW/D DGSØCorn OilØCO2

Wet MillØCorn OilØGerm MealØGluten MealØGluten FeedØStarch

Dry MillØCorn Oil

ØDDGS

ØEthanol

11

Ethanol Headwinds


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News/HeadwindsØ “ Ethanol is heading toward obsolescence. Iowa will need a new

plan.” – Des Moines Register August 13th

Ø Electric cars, solar/wind cost to produce and portable power sources

Ø EPA/RFA – 2022?Ø Political forcesØ Global export reliance

Ø >1B gallons exported (7% of US production)

Ø US ethanol plant expansions (organic and greenfield) – 400+ MG in 2017/18 and more coming – efficient producer hurdles

Ø Brazil – sugar cane pricing/corn alternative season


13

Brazil – Sugar Cane Pricing


14

Trends Moving Forward


15

Market Demand – Population Growth


16

Meat Protein Forecast to Continue


17

First Generation Proteins Ø Grains; Animal proteinsØ Commercially available in direct competition with food

Second Generation ProteinsØ Not based on arable land and irrigationØ Based on insects and microbesØ Technical difficulties and regulatory challenges

Third Generation ProteinsØ Recovering nutrients from waste – circular economyØ Aqua feed nutrients from waste water; agricultural

waste waterØ Major technical and regulatory issues

World Protein Production Must Increase by 50% by 2040Animal feed is in competition with human food


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Food protein ingredient markets growing (to 2020)Ø CAGR North America (5.3%) Western Europe (4.2%)Product trendsØ Plant products growing faster and gaining share over animal

proteins both in value and volumeØ Plant proteins as the preferred safe choiceØ Soy protein is the dominant choiceØ Algae rapidly growing marketØ Protein fortification and functionality for foodsConsumer attitudesØ Increased intake of dietary proteins for health and fitnessØ Plant proteins seen as healthier and safer choice than meatØ Minimize meat intake as the heathier option

Key Markets Demonstrate Changing Consumer PreferencesChanging preferences increases competition


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Soy is the fastest expanding crop in the world.Mainly used in feed for animals in meat and dairy

Amazon deforestation unsustainable. Need for balanced approach cereals/oilseeds and protein crops to solve the protein deficit – EU and China major importers of protein.

BUT -‐ Growth at great environmental and social cost. Companies ranked on commitment to Responsible Soy

Sustainability and Safety Concerns Add Pressure to Identifying Alternative Proteins

Continued ban on the use of rendered products (EU – moving to the US)

Until a suitable validation method available from accredited Reference Laboratory to identify MBM from pigs and poultry

Round Table on Responsible Soy (RTRS )


20

Trends which will have major impact on the feed additives industry moving forwardØ Fundamentals remain the same:

- increasing global meat consumption, - industrialization of meat products, and - growing awareness of quality of dairy and meat products consumed- growth in aquaculture.

Ø The main issue now is the transition of the global feed additive sector to the post-antibiotic era, which is now no longer a matter of "if" but "when".

Development of replacement strategies


21

“Renewable Chemical Market worth $49B Today, Growing to $84B Over Next 5 Years”

Source: Markets and Markets, 2016Footnote: $49B includes Bio-Ethanol

$35B Growth in 5 Years

Biochemicals Via Sugars From…


22

Change


ChangeChangeChangeChange

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Diversification Pathway


24

Red Sea vs Blue Sea


25

Red Sea vs Blue Sea


Doing what you know versus doing what you should

Red Sea of Competition

Blue Sea of Competition

Circus Circus OleTaxi UberVideos NetFlixDry Grind Bio Complex

26

Nebraska News

Koch Industries' energy arm to invest $50 million in Nebraska ethanol plant

$50M investment in Nebraska ethanol plant could be wave of the futureBy: Brent MartinJanuary 20, 2017

Maximized Stillage Co-Products™


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What is Maximized Stillage Co-Products™Ø Specialty protein derived from the bioethanol processØ Post distillation protein separation technologyØ Separates whole stillage into a protein (corn and yeast)

rich stream, a traditional DDGS stream and corn oilØ In commercial operations for 7+ year, 3 systems

operating, 2 more in construction/engineering


28

How Did FQPT Get to This Point?


Risk Reduction Across the Business PlatformTechnical does the system work, proven commercially, how many

are operating (touch & feel), reliability, consistency, etc..Financial project cost locked in, variables, loan/debt financing,

bank buy in, project top $$ risks -‐ how to mitigateRegulatory permitting, RFS, efficient producer impactsMarketing product proven value, testing completed, supply and

demand, competing productsOther Competing technologies – identifying and tracking

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Technical Overview

Ø 3 plants operating, 7+ years of operational knowhow

Ø Plant’s number 4 & 5 in design/construction phase

Ø 3x increase in annual Still Pro 50™ production in 2016

Ø Capacity doubling again to 500+ tons/day in 2018

Still Pro 50TM Proven Technology

Paddle Screens Cake

Filtration Decanters

Whole Stillage

Fiber Cake

Fiber

Decanters

Rotary Dryers

Syrup

DDGS

Clarified Stillage

Fine FiberPressure

Screens

Clarifiers

Evaps

Ring Dryer Still Pro 50™

Protein Decanter

BacksetProtein Cake

Corn OilCentrate


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MSC™ Ethanol Plant Process BenefitsØ Clarified thin stillage, yields higher (50%+) syrup solidsØ Lower CIP and hydroblasting cyclesØ Drives ability to yield > 1.0 pounds/bushel of corn oilØ Reduces existing DDGS dryer loading by 40+%, adds capacity to grind more corn =

more ethanolØ Plant capacity gain of 5+%, due to improved fermentation viability, lower solids in

backset and debottleneck backendØ High titer fermenters drives distillation performance improvementsØ Ability to produce separated fiber stream for future cellulosic conversionØ NO additional water is added to the system


31

MSC™ Financial Evaluation


32

Financial Economics of the Technology

Ø 14% of Plant Revenue Completely Hedgeable – Tied to SBM/CGM

Ø Lowers Dependence on Ethanol and DDGS Revenues


33

Financial Sensitivity – Tornado Chart

Base Case NPV = $94M $0.14 – 19/gal EBITDA

$39M SP50 Price $140M

$50M SP50 Yield $129M

$79M Corn Oil Yield $117M

$67M DDGS Value to Corn $113M

$87M Corn Oil $98M


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Regulatory Impact PotentialProduct Knowledge Still Pro 50™ØNOT Hi-‐Pro DDGS: AAFCO – “Grains Distillers Dried Yeast”ØAlternative AAFCO name needed?ØCarbon intensity impact potentialØEPA long form – additional co-‐product creditØHSN importing codes

MSC™ DDGSØ34% pro/fat – meets export specØImproved Color and OdorØImproved DigestibilityØTruly Differentiated from Corn/DDGS/Hi Pro DDGS Pricing


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MSC™ Marking Value, Iterative Process

Feeding Trials

Customer Discussions

Customer Feeding Trials

Pricing Validation

Technology Development

& Enhancement

Ø R&D and feeding trial investments drive deeper understanding of true product ($ value) potential

Ø Expanding customer usage baseØ Leading University Prof supporting

product and research activitiesØ Securing top marketing firms to

lead Still Pro 50™ marketing effortØ Engaged leading

marketing/branding companyØ Pricing guarantees key to successØ Floor price established, moving

higher as learnings progress


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What is the Protein Product Composition

Constituent (as fed)

Still Pro 50™

SoybeanMeal

Corn Gluten Meal

Dry Matter (%) 93 89 90

Protein (%) 52 48 63

Fat (%) 3 1 2

Crude Fiber(%) 5 33 5

Ash (%) 5 4 4

Starch (%) 4 3 17

Total Digestible AA (%)

91 88 93

LysineØ -‐ 30% Ileal digestible lysine compared with SBM

Ø+ 95% Ileal digestible lysine compared with CGM

Methionine and CysteineØ+ 8% Ileal digestible M+C compared with SBM

Ø -‐ 28% Ileal digestible M+C compared with CGM

Total Energy ContentØ + 25% compared to SBMØ -‐ 14% compared to CGM


37

Species and Market OpportunitiesProduct Options

ØPet Food

ØAqua

ØPoultry

ØSwine

ØDairy

ØBeef

value


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Ø Musca Domestica larvaeØ Protein (%) 45-‐60Ø Fat (%) 20-‐35

Ø Current legislation a barrierØ Chemical safetyØ Microbiological SafetyØ Potential allergens

Ø Supply difficultiesØ Consumer attitudes

Demand for Alternative ProteinsClutching at straws


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Volume (MTons)

Proportion of cpd feed

Inclusion rate (%)

Volume Still Pro 50™ (T/yr)

19 0.1 5 95,000

21 0.1 5 105,00055 0.2 12.5 1,375,00024 0.2 12.5 600,000

0.3 0.5 30 45,000

11 0.4 12.5 550,0009 0.2 15 270,000

US Target Market Volume > 3M tons/yrCurrent Production ~150K tons/yr, Endless Opportunity

At the current minimal inclusion rate of Still Pro 50™, the US market would only be ~80% covered with a 100% penetration rate into the US Ethanol market.


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Aquaculture Has Specific Demands for High Quality ProteinØ8% CAGR of the farmed fish and shrimp industryØ Limit to the availability of fishmeal: the traditional high value protein

ØConsumer constraints on the use of alternative animal proteinsØ Specific needs of fish for high density diets (FCR <1:1)Ø Sensitivity of fish to vegetable protein

ØConstant search for alternative proteinsØAdoption of processed proteinsØUse of a combination of different proteins in a formulation


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A significant market need for alternative proteins due to stagnant supply of fishmeal

13.1

61.3

78.5

0

10

20

30

40

50

60

70

80

90

90 95 '00 '05 10 '15 '20

Global aquaculture production(MTons)

8%

2.5%

At current inclusion rates of Fishmeal, given forecasted production, a market gap of ~2 M tons is expected (~4 B USD market value given current prices)

6.4 6.5 6.8

012345678910

'90 '95 '00 '05 '10 '15 '21

0.1% 0.4%

8.7

Global Fishmeal production(MTons)

Global Fishmeal production is stagnant, yet fish demand growing at 6 – 8% per

year

Global farm raised fish demand growing at a significant rate – lacking fishmeal in

rations


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Increased demand; 2000-‐2014Ø Fishmeal price

tripledØ Soybean price

about doubled

Not All Proteins are Created Equal


43

Increase in fishmeal prices will impact growth in value of the marketEU Fishmeal Consumption, 1990-2021

Growing demand drives Fishmeal price

651 709

433

1,688

2,361

0

500

1,000

1,500

2,000

2,500

90 95 '00 '05 10 '15 21

World prices of Fishmeal(USD/T)

5%

3.4%

Value of global Fishmeal market predicted to grow at 5.4% CAGR1

2012 2021

5.4%

Global fishmeal market, Value(billion USD)

$10B

$16B

$19B

7.4%

Growth due to price increase

Additional demand

2012 2021Volume 6,262 kT 6,826 kTPrice $1,600 $2,360

Source: OECD-FAO Agricultural Outlook 20121. Projection is based on following assumptions:


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Product Value Discovery


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Comprehensive Portfolio of Trials Demonstrates EfficacyTrial Title Centre and trials leader Results

Analytical data FQPT/labs 50+% proteinIleal digestibility of Still Pro 50 and DDGS Univ of Illinois: Prof C. Parsons 89% ileal protein digestibilityEffect of Still Pro 50 on broiler performance Colorado Quality Research CQR 5% inclusion of SP50Effect of Still Pro 50 on broiler performance Colorado Quality Research CQR 5% inclusion of SP50Digestibility of Still Pro 50 in swine Univ of Illinois: Prof H. Stein Standardised ID of aa 77.1%Replacement of FM with Still Pro 50 for young swine Univ of Illinois: Prof H. Stein Partial replacement of FMReplacement of SPC with Still Pro 50 in trout University of Idaho: Prof R. Hardy Replacement of soya isolateStill Pro 50 as a protein for shrimp and tilapia Univ of Auburn: Prof A Davis 15% inclusion of SP50Still Pro 50 as RPAA Cumberland labs 74% RUPComparison of Still Pro 50 with commercial RPAA Univ of Nottingham:

Dr J. Margerison Equivalent to market leader

Measurement of yeast content in Still Pro 50 Englyst Carbohydrates: Dr K. Englyst 24% yeast in DM

Available lysine in Still Pro 50 (Carpenter Lysine) Sciantec: Prof P. Williams Average available lysine 98%

12 trials show Still Pro 50 commands a premium over SBM approaching CGM


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170

180

190

200

210

220

230

Wt gain

Feed int

Wt gain

Feed int

Wt gain

Feed int

Wt gain

Feed int

Wt gain

Feed int

0 6 12 18 24

16 12 8 4 0

Control 25% SP50 50% SP50 75%SP50 100%SP50

Growth and feed intake of juvenile rainbow trout

A Supremely Versatile Protein Supplement

Replacement of SPC with SP50

Ø No difference in weight gain (NS)

Ø No difference in SGR (NS)

Ø Tendency to increase FI with SP50

Ø 18% SP50 inclusion optimum

SPC%

SP50%


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0

0.5

1

1.5

2

2.5

3

Hipro SBM DDGS RPaa Rape RPaa SBM SP501 SP502

Residual ruminal aa

Comparison of SP50 with RPAA

Ø Approx 10% more essential RPAA than market leader

Ø 89% post ruminal aa digestibility

LysineM+CTotal

% RPaa

A Supremely Versatile Protein Supplement


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Specialty Proteins Support Particular MarketsProtein content of specific proteins

Product crude protein content (%)

Product positioning

Volac

ICC

AgriProtein

PepSoyGen

Young animal (piglet, chick)

Pig & PoultryRuminant Aqua Pet

Hamlet Protein

Denkavit

SoyPass

Low High

European Protein

AlphaSoy (AgroKorn)

Price positioning

20-25%

32%

36%

N/A

41%

48%

50%

54%

55%

60%

61%

64%

68%

69%

Denkavit, Volac

DDGS

Rapeseed meal

European Pro

ICC yeast

Soybean meal

StillPro50

PepSoyGen

Hamlet

Larvae

CanPro

Gluten meal

AlphaSoy

Fishmeal

RPAA

Still Pro 50


49

0

100

200

300

400

500

600

700

800

900

Sep-‐11 Apr-‐12 Oct-‐12 May-‐13 Nov-‐13 Jun-‐14 Dec-‐14 Jul-‐15 Jan-‐16 Aug-‐16 Mar-‐17

$/To

n

Month/Yr

Protein Product Pricing

Corn Gluten Meal

Still Pro 50

SBM

DDGS

Corn Gluten Feed

Corn


50

Value Added Proteins Attract Significant Price Premiums Over Commodity Feed Ingredients

Commodities are priced according to protein concentration. Value Added commercial products command a premium;

Ø Bacterial control, increase in protein digestibility, probiotic effect

Ø Yeast effects (palatability, nucleotides, mannans, glucans, Vitamin B etc.)

Ø Eliminated anti-‐nutritional factors of soybean, high palatability and high digestibility

Ø Soluble antinutritional factors washed away, zero phytate

Protein supplement prices correlated with protein concentration and added value

Added value components of Still Pro 50™ attract a premium

Indicate a $300 premium above SBM

Canola meal 375DDGS

220

Canolameal250

SBM390

NGM SBM480

Corn gluten,800

PMM,800

Potato,1,400

R² = 0.98063

0

200

400

600

800

1000

1200

1400

1600

1800

25 45 65 85

Value added products

Value GBP/T, UK market

Commodity price line

Commodities

Fishmeal 1320

ICC yeast950

Hamlet Pro. 720

CanPro900

European Protein

305

Soycomil,1200

0

200

400

600

800

1000

1200

1400

1600

1800

25 45 65 85

DDGS330

Canolameal375

SBM600

NGM SBM720

Corn gluten,1200

PMM,1200

Potato,2,100

R² = 0.98063

0

200

400

600

800

1000

1200

1400

1600

1800

25 45 65 85

Value added products

Value $/T, 2016

Commodity price line

Commodities

+$300 premium

2700

2400

2100

1800

1500

1200

300

600

900

0

Protein Concentration (%)

DDGS130


51

Competing Products


52

Ø Musca Domestica larvaeØ Protein (%) 45-60Ø Fat (%) 20-35

Ø Current legislation a barrierØ Chemical safetyØ Microbiological SafetyØ Potential allergens

Ø Supply difficultiesØ Consumer attitudes

Insect ProteinArgued that insects have a large potential to become an important ingredient as animal feed


53

Efficiently converting inedible materials into protein sourcesWaste carbohydrates; Cellulose, Hemicellulose, Lignocellulosic

Ø Light energyØ Fixating C02

Currently very limited commercial scaleØ Not cost competitive with traditional protein sources

Significant challenges and advances in feed formulationØ Bacteria – 70% proteinØ Yeast/fungi – nucleotides, cell wall materialsØ Algae -‐ ώ-‐3 oils

Microbial Protein – a Sustainable Component of Feed? Single cell protein- fungi, yeast, algae or bacteria


54

The Bottom Line Value Drivers of Still Pro 50™

ØWorld-‐wide a shortage of high quality protein for animals• SP50 high density, benign, high quality AA, low fiber content

Ø Ethanol co-‐product DDGS/protein is significantly undervalued

Ø Still Pro 50TM is a versatile high value protein• Applications in a wide variety of species• A significant world-‐wide market opportunity

ØMultiple production units make Still Pro 50TM a viable and consistent alternative feed protein


55

A Tried and Tested Bolt-on / Differentiated Technology

Ø Significant improvement in plant efficiency• Oil extraction > 1lb/bu• 10% increased ethanol yield• Energy neutral

Ø 3 plants in operation, 2 in construction and engineeringØ < 3 year pay backØ Substantial financial returnsØ An exclusive marketing contract

• Technology sound marketing to support product value

Differentiated non-commodity high value specialty protein


Changing the Sugar Paradigm


57

“Renewable Chemical Market worth $49B Today, Growing to $84.3B Over Next 5 Years”

Source: Markets and Markets, 2016Footnote: $49B includes BioEthanol

58

Biochemicals via Sugars …


59

Who is Participating

All contents are to be considered confidential and proprietary work product of FQPT© 2016 Fluid Quip Process Technologies, LLC. All rights reserved.

DuPont Industrial Biosciences and ADM Announce Breakthrough Platform Technology for Long Sought-‐After Molecule (2016)

Cargill acquires OPX Biotechnologies’ fermentation technology (2015)Minneapolis, Boulder, Colo. -‐ April 28, 2015 – Cargill has acquired Colorado-‐based OPX Biotechnologies’ proprietary fermentation-‐based processes and systems. These technologies are used to produce bio-‐based chemicals from sugars for use in non-‐food applications such as lubricants, detergents, plastics, agrichemicals and personal care products.

Rivertop Renewables raises $26 million from Cargill, others (2014)

VIRENT SECURES $46 MILLION IN FUNDING TO ACCELERATE BIOFUELS SCALE-‐UP (2010)Royal Dutch Shell leads investment round, with strong participation from Cargill and other existing shareholders.

DuPont Tate & Lyle – an energy-‐saving partnership (2004)Corn is a completely ‘renewable’ resource. Turning it into products previously made from petro-‐chemicals can be good for the environment – and for business.

60

FQPT® Clean Sugar Technology

Installed First Full Scale

Clean Sugar Technology™

Central Minnesota Renewables

Ø 25,000 bu/day (635 MT/day) Corn Capacity

Ø Start-Up: Aug 2016Ø Generates Aqueous Clean Glucose Stream, fed directly to downstream Biochemical Process


61

FQPT’s Clean Sugar Technology™Wet Mill = Expensive Dry Mill = Purity Limitation

CST™ = The Solution

Multi-Stage Wash System

Corn Oil

Clean Sugar

Fiber/Protein Separations

Corn Fiber

Corn Gluten Protein

Milling

“DDGS”Oil Separation

ClarificationBiochemical conversion process

Starch Conversion

Corn

Clean Sugar Technology™Patent Pending - 20170022529

Option 1

Option 2


Lab Scale then Pilot Scale

62

Ethanol Produces the Lowest Cost CarbohydrateFQPT® sugar price is 20%+ lower than traditional corn wet mill cost

$0.1702

$0.1258 $0.1340

$-

$0.0200

$0.0400

$0.0600

$0.0800

$0.1000

$0.1200

$0.1400

$0.1600

$0.1800

Corn Wet Milling 95 DX Cost Ethanol Sugar Cost FQPT CST Sugar Cost

Sugar Cost ($ / lbs Sugar DMB)

Cost Delta = $0.0081 / #sugar dmb

Cost Delta = $0.0362 / # sugar dmb


63

CST™ – Glucose & Fructose

Glucose(hexose)

Fructose(ketohexose)

O

OH

CH2OH

HO

OH

HO

CH2OH

HO

HO

HOCH2OH

O

H

H

H

Both are C6H12O6

Same Molecular Formula – Different Properties


64

CST™ – Dextrose & Fructose

Assuming US Corn at $3.75/bu & US Feedstuff Pricing

Similar Sugar to Wet Mill – Much Lower Pricing

Wet Mill CSTTM CSTTM Advantages

Dextrose $0.17 -‐0.20+

$0.10 -‐0.14

No SO2

Fructose $0.25 -‐0.30+

$0.20 -‐0.23

High Purity

Low CapEx/OpEx

FOB Factory Price per pound dm


80% of Biochemical production cost is raw material – CST™ provides the opportunity to reduce this by >22%

65

CST™ Clean Sugar Technology™

*Patent Pending

Ø Operating a full commercial system at a US biochemical facility since 2016

Ø Yields a sugar stream similar to a food-‐grade wet mill process

Ø Bolt-‐on technology to existing biofuels facility

Ø Integrates with all other FQPT technologies and process solutions

Ø System generates ~92% co-‐product value compared to a wet mill system


66

Co-Products: New OptionsØ Diversify Revenue Stream

Ø Not Priced with Corn

Ø Can Lock Forward Contracts

Ø Multiple Consistent Sources

Ø Growing World Protein Demand

Ø New Fiber Opportunities

More Diverse Co-Products = More Opportunities


67

Dry Mill Ethanol Model Moving Forward


CompetitionWet MillØCorn OilØGerm MealØGluten MealØGluten FeedØ Starch

TodayEthanol PlantØCorn OilØ SP50 – Alternative Protein

ØDDGSØ Ethanol

TomorrowBio PlantØ Industrial oils and lubricants

Ø Zein Protein, AA purification,

ØPre/probioticsØCellulosic ethanolØ Food fibersØ TextileØBiochemicalsØReplacement fuels

68

Fluid Quip Process Technologies – What Differentiates Us

Ø Focused on the Biofuels and Biochemical opportunity

Ø Provide proven project and process solutionsØ Experienced staff of chemical and mechanical engineers

Ø Plant Management / Operation ExpertiseØ Partner with Fluid-‐Quip, Inc. to customize equipment

300+ Combined Years of Corn Wet Milling and Dry Grind Ethanol Engineering Expertise


69

FQPT – Advanced Biofuels Technologies}SGT Selective Grind Technology™: Front end wet starch grinding

}FBP Fiber By-‐Pass™: Fiber separation pre-‐fermentation

}MSC Maximized Stillage Co-‐Products™: Fiber separation post fermentation

}BOS Brix Oil Separation™: Oil separation from liquefaction

}CST Clean Sugar Technology™: Low insoluble sugar stream

}TSC Thin Stillage Clarification™: Removes insoluble solids from evap feed

US Patents US8778433, US8813973, Foreign Filing, Patents Pending


70

FQPT Project SolutionsØ Facility expansions

Ø Fermenter additions

Ø Plant optimization

Ø Engineering studies/evaluationsØPlant Mass and Energy Balances – Pinch Analysis

ØOptimization review and capital deployment analysis

Ø Construction management services

Ø Maintenance services

Ø Turn-‐Key project solutions


Thank you

Leaders in Biofuels/BiochemicalsNeal Jakel – VP Strategy and TechnologyFluid Quip Process Technologies6105 Rockwell Drive NE, Suite CCedar Rapids, IA [email protected]


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