succinic acid & derivatives sbu - myriant · bio-succinic acid • the company ... • project...
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Succinic Acid & Derivatives SBU
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Using a Proprietary Technology Platform, To Produce Bio-Succinic Acid
Not All Chemicals Are Created Equal™
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Bio-Succinic Acid
• The Company • Process Technology & Advantage • Commercial Supply • Product Quality • Product Value Proposition
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Myriant
The Company • Formed in 2004
• HQ in Boston, Massachusetts
• 150 Employees in R&D, Engineering, Manufacturing and Sales & Marketing
• Largest share holder: PTT Global Chemicals
Bio-Based Chemicals Business • Convert Renewable Feedstocks to High Value Chemicals
• Focus on C3-C6 Chemicals
• Leverage Deep Biotech Experience to Further Pipeline
• Build-Own-Operate Model
• Strategic Partnerships to Accelerate Growth
• In-house Sales and Marketing Team with Deep Bio-Technology Experience
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Engineering Process engineers Full scale-up capabilities Integrated with ThyssenKrupp-Uhde
Sales & Marketing 14 senior sales managers Customer service Application specialists
Manufacturing 54 plant operators 3 shift supervisors Full QA/QC capabilities
Research & Development 1,800 sq ft laboratory 48 Professionals, 27 PhDs All core biotechnology developed in-house ……
Myriant’s DNA: Our People
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Not All Chemicals Are Created Equal™
• Bio-succinic Acid Process Has Low Greenhouse Gas Emissions
94% less than petrochemical succinic acid* 93% less than petrochemical adipic acid*
• Renewable Feedstocks are Cheaper and Less Volatile Than Petroleum
• Efficient Fermentation and Downstream Processes Optimize Production Costs
• Feedstock can be sorghum (non-food) based or corn based
• Drop-in Replacement Anywhere Succinic Acid is Currently Being Used
• Replaces petroleum based chemicals in Urethane, Plasticizer, Coatings and Polymer Applications
* Life Cycle Analysis of Bio-Succinic Acid production using the IPCC 2007 (GWP) method
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Bio-Succinic Acid
• The Company • Process Technology & Advantage • Commercial Supply • Product Quality • Product Value Proposition
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Myriant’s Organism Produce the Building Blocks for the Petrochemical Value Chain
C3
C4
C6
Replacing petroleum based chemicals with bio-based chemicals
C11 C7
C6
C9 C10
Central Aromatic Pathway
C4 C4
C4
C4
C4 C5
C6
C6
Succinic acid
TCA Cycle
C6
C6
C6
Pentose Phosphate Pathway
C5
Fatty Acid Metabolism
C6
C3
C3
C3
C3
C6
C6
C3
C18 C20 C2
C4
C6 C8 C10
C12
C14
C16
Fatty Acid Metabolism
Metabolic pathways
C2
C3
C3
C4
C6
End products
C7+
C2 C2
C7+
Myriant’s pipeline
Polyethylene
Polystyrene
Polypropylene
PVC
Polyurethanes
Nylon 6
Super absorbents
ABS
SB rubber
Esters
Elastane
Polycarbonate
UPRs
PET
Acrylic Polymers
Organism Platform
Traditional petro chemical reactions take place inside the cell
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Competitive Cost Advantage of Bio-Succinic Acid
85% Yield
CH3CH3 OH
OH
O
OCrude Oil
Butane (4C) Maleic Anhydride (4C) Cat.
400 °C, (150 kPa)
CO2 waste (yield loss)
130 °C, (30 MPa) O OO
Succinic Acid(4C)
Indexed cost : 1.0 x /lb C 1.23 x /lb C 1.2 x /lb C 97% Yield
Based on WTI Crude $97/bbl and Corn at $7.28/bushel
O
OH
OH
OH
OH
OH
CH3
OH
O
O
OHOH
O
O
Corn
Glucose (6C)
Pyruvic acid (3C)
Fumaric acid (4C)
CO2 sequestered (yield increase)
OHOH
O
OSuccinic Acid(4C)
37 °C 1 atm
Indexed cost: 0.42 x /lb C 0.37 x /lb C 95% Yield 0.4 x/lb C
Petro route
Myriant’s bio route
• Renewable feedstocks that are 60% more cost effective than petro-based feedstocks • Myriant’s process sequesters CO2, resulting in higher yields compared to the petro route •Including secondary processing costs, Myriant’s total conversion cost is comparable to current petro-based succinic acid
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Bio-Succinic Acid
• The Company • Process Technology & Advantage • Commercial Supply • Product Quality • Product Value Proposition
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Commercial Supply
• 30 million lbs capacity in Lake Providence, LA. plant • Start – up in Q1, 2013
• U.S has been selected for new plant expansion • Lowest costs worldwide
• Feedstocks • Energy
• 140 million lbs capacity expansion • Target Mechanical Completion in Q2, 2015
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Succinic Acid Production Phase 1: 30 Million Lbs. Lake Providence Plant
• First Bio-Succinic Acid plant in U.S. • 30 million lbs / Year Commercial Plant in Lake Providence, Louisiana • Start-up Q1 2013 • Project Partners:
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Lake Providence Plant
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Lake Providence Plant
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Start-up 140 million Lb/Year of additional capacity, achieving world class economics
Procurement and Construction
Detailed Engineering Package
Succinic Acid Production Phase 2 : 140 Million Lbs of Production Volume
Basic Engineering Package – on going
Site selection process – on going 2013
2015
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Bio-Succinic Acid
• The Company • Process Technology & Advantage • Commercial Supply • Product Quality • Product Value Proposition
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Product Quality
• Customers have tested Myriant’s Bio-Succinic Acid and approved the quality
• Third party labs have confirmed the performance of Myriant’s Bio-Succinic Acid in target applications
• Myriant’s process and product quality are guaranteed by ThyssenKrupp-Uhde, a global EPC and process engineering company
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Tested and Verified by Customers
Bio-Succinic Acid product quality testing
Customer Application Customer feedback
Polymers Approved
Coatings Approved
Plasticizers Approved
Urethanes Approved
Solvents Approved
Pigments Approved
Sampled over 190 customers with excellent product quality
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Bio-Succinic Acid Product Performance Testing
COATINGS BIOPOLYMERS URETHANES PLASTICIZERS
Approved Approved Approved Approved
3rd Party Independent Labs
Independent lab verification received for each product application
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Guaranteed Process Quality
Pilot phase Design phase
Commercial phase
ThyssenKrupp-Uhde guarantees process scale-up and final product quality
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Bio-Succinic Acid
• The Company • Process Technology & Advantage • Commercial Supply • Product Quality • Product Value Proposition
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Not All Chemicals Are Created Equal™
• Bio-Succinic Acid Process Has Low Greenhouse Gas Emissions
94% Less Than Petrochemical Succinic Acid* 93% Less Than Petrochemical Adipic Acid*
• Renewable Feedstocks Are Less Expensive And Less Volatile Than Petroleum
• Efficient Fermentation And Downstream Processes Optimize Production Costs
• Feedstock Can Be Sorghum (Non-Food) Based Or Corn Based
• Drop-In Replacement Anywhere Succinic Acid Is Currently Being Used
• Replaces Petroleum Based Chemicals In Urethane, Plasticizer, Coatings And Polymer Applications
* Life Cycle Analysis of Bio-Succinic Acid production using the IPCC 2007 (GWP) method