... a new path to sustainability Company Overview for BIO Montreal July 22, 2015 1
... a new path to sustainability
Company Overview for BIO Montreal
July 22, 2015
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Rennovia – Company Overview
Founded in 2009
5 AM, Versant, ADM equity investors
HQ in Santa Clara, CA, USA
Currently ~40 employees
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Advantaged Economics + Drop-in Products + Sustainability
Scalable Feedstocks
Leverages existing, efficient glucose supply chain
Rennovia catalyst technologycompatible with emerging cellulosic sugar sources
Rennovia’s feedstock is glucose, earth’s most abundant sugar
Chemical Process Technology
Employs proven, scalableunit operations
Focused on delivering fundamental cost-advantagevs incumbent petro processes
Rennovia’s conversion platform is based on chemical catalysis
Rennovia – Breakthrough Approach to Bio-Based Chemicals
Existing Market Chemicals
Products address C6 and C4
petrochemical value chains
Drop-in products targeting major high value chemicals
C6 products from C6 feedstock
Hexamethylenediamine
Hexanediol
Adipic Acid
Bio-Based Chemicals Process Development and Commercialization
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High-throughput catalyst discovery infrastructure employed to identify and develop fundamental catalysts and process
- World-class catalyst discovery infrastructure and team
Process development and pilot-scale operation at Rennovia- Leverage external resources for select unit op development
- Work with commercial catalyst vendors to scale up proprietary catalyst formulations
Partnerships for mini-plant demonstration and commercialization
Rennovia Bio-Based Chemicals Platform
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Glucaric AcidEmerging Market
Opportunities
Adipic Acid2750 Kta*
>$6.5 B market
1,6-Hexanediol
>150 Kta*>$700 M market
Hexamethylenediamine
>1500 Kta*>$6 B market
RenewableFeedstocks
*Source: PCI
+ pipeline products
Dominant petrochemical process via cyclohexane
H2 O2 HNO3+ N2O
Benzene Cyclohexane KA Oil
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Adipic Acid Nitrous Oxide
Rennovia bio-based adipic acid process:
1. Aerobic oxidation of glucose glucaric acid
2. Hydro-deoxygenation of glucaric acid adipic acid
2 heterogeneouscatalyst process steps:
air
catalyst
H2
catalyst
Glucose Glucaric Acid Adipic Acid Water
+ H2O
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Adipic Acid Processes – Petrochemical vs Rennovia Bio-Based
Rennovia - Johnson Matthey Bio-Based Adipic Acid Partnership
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innovative catalysts and processes
for bio-based chemicals
advanced process technologies advanced catalyst technologies
Disruptive technology package for
bio-based adipic acid production
Rennovia – JM DavyJDA to develop AA technology for license, including process and catalyst lifetime guarantees
Rennovia - JM CatalystsJM Catalysts to supply Rennoviaproprietary GA/AA catalysts at commercial scale
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Lower Fundamental
Cost of Production*
Total Variable Cost
Manufacturing Cost
Depreciation
RennoviaPetro
Significant Cost Advantage
Over the Business Cycle
Rennovia
Margin
Advantage
Cost-Advantaged Adipic Acid Production
Petro cost
Rennovia cost
Cost-Advantaged Zone
*At 2005-2015 average feedstock costs
Dominant petrochemical process via butadiene hydrocyanation
HCN H2
Butadiene Adiponitrile Hexamethylenediamine (HMD)
Rennovia bio-based hexamethylenediamine process:
Glucose HMD
NH3
Catalyst
1. Hydro-deoxygenation for 1,6-HDO production
2. Amination of 1,6-HDO HMD
Heterogeneouscatalyst-based process
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HMD Processes – Petrochemical vs Rennovia Bio-Based
1,6-Hexanediol
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Lower Fundamental
Cost of Production*
Total Variable Cost
Manufacturing Cost
Depreciation
RennoviaPetro
Significant Cost Advantage
Over the Business Cycle
Cost-Advantaged Hexamethylenediamine Production
Petro cost
Rennovia cost
Cost-Advantaged Zone
*At 2005-2015 average feedstock costs
Petro Rennovia
Depreciation
Manufacturing
Total Variable
Partnership Opportunities Across Bio-Based Chemicals Value Chain
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Partnerships Across Value ChainEquity investment by ADM – key feedstock supplier
Strategic partnership with Johnson Matthey
• Joint development and licensing of bio-based adipic acid technology with JM Davy
• Catalyst scale-up and commercial supply with JM Chemcat
In negotiations with multiple potential partners for scale up of HDO/HMD products
In partnership discussions around Rennovia pipeline product opportunities