Cost Competitive Bio-Aromatics - Ascension · PDF fileü Program Management ... availability of cost competitive bio-aromatics. ... Acrylonitrile butadiene styrene (ABS) 30-45 Auto,

Cost Competitive Bio-Aromatics Anatoly Garelik

Director, Alliance Management & PlanningM +1 516 810 5770 : [email protected]

June 2016

Anellotech 2

The Bio-Tcat™ Process is low costThermal Catalytic Biomass Conversion

Anellotech 3

No Bio-oil intermediate

Low oxygenates = only mild Hydro-treating

Single step reactor process produces BTX not bio-oil

• Renewable,cheap&abundantnon-foodfeedstocks,eg.,wood,cornstoverandbagasse.Notsugar.

• Efficient one-reactor catalytic process– ProcessgoesdirectlyfrombiomasstoBTXinonestep– Eliminates highly oxygenated bio-oil intermediate found with multi-step

pyrolysis– Avoids associated need for substantial amounts of costly hydrogen

Cost+BioLargeaddressablemarketof$100B+acrossmultipleverticalendmarkets

Cost Competitive with Petro-BTX

Anellotech

/ Ecostrat

Softwood Pulpwood Price Trendsin the US as of 2015

Anellotech 5

Data provided by Ecostrat Inc.

Information provided is high-level, averaged over regions. All prices are provided in USD per short ton delivered (~50 miles on average).

Meet the Anellotech AllianceTechnology, Catalyst, Engineering, Marketing

Anellotech 6

ü Program Managementü Research & Developmentü Pilot Plants

ü Catalyst Technologiesü Formulationsü Catalyst Supply

ü Process Developmentü Modeling & Hydrodynamicsü Scale-Up

ü Process & Plant Designü Technology Licensing & Marketingü Start-Up & Operations Support

Globalconsumerbeveragecompanywithmarket-leadingbrands

• $20B in annual revenues; 37,000 employees

• Promotes various initiatives to reduceenvironmental impact throughout entire valuechain

• Features 30% plant-derived PET packaging in Japan

• Pursuing the development of a 100% bio-bottlethrough Anellotech partnership

• Already provided over $15 million funding toAnellotech program since 2012

Suntory TennensuiMineral Water

in 30% Bio-PET Bottle

Anellotech

Suntory

7

Operations

Commercial Plant Site

8

Partnering Opportunities

v Potential Strategic Partnering Opportunities

Anellotech

BiomassStandard

Aromatics Processing

Downstream Processing

Biomass Suppliers

Catalyst Development

HydrotreatingProcess Development

Px-PTA-PET Conversion

Benzene

Toluene

Xylene

Polystyrene, Rubber

Polycarbonate, Epoxy, Phenolics

Nylon

Polyurethane

PET resins and films

Detergents

Bio-MEG

BZ Conversion

Process Design

Anellotech Bio-TCat Process

BTXPurification

OPPORTUNITY

Consumer Market - PET

Commercial Development Plan• CompletedconstructionofTCat-8™fully-integrated25

meter-talldevelopmentandtestingfacility– JointlydesignedbyAnellotechandIFPENover18

months– R&Dcatalystunderjointdevelopmentby

AnellotechandJohnsonMattheysinceSept2014– Installationandoperationsin2016atSouth

HamptonResources’facilityinSilsbee,Texas

• TCat-8™studiestoconfirmtheviabilityandsuitabilityoftheBio-TCatprocessforscale-up

• Generatethedataneededtodesigncommercialplants

• AfterverificationofthecontinuousoperationofTCat-8,Suntoryplanstomoveaheadwithstudiestoconsiderthedevelopmentofthefirstcommercial-scaleBio-Tcat™plant

Anellotech

• Operatingcontractor/sitehostforTCat-8atTrecorasubsidiarySHRinSilsbee,TX

• Leveragingdeepexperienceandexpertstaffofchemicalplantoperators,maintenancecraftsmen,plantsupervisors,ESHandanalyticalpersonnel

South Hampton Resources• Proventrackrecordofefficientlyandsafelyconstructing,hostingandoperating

chemicalprojects

10Anellotech

May 2016

Threefull-timeseniorIFPENengineersandtechnicalexpertsatAnellotechsitefor2yearsbeginningin2016

ExtensiveactivitiesatIFPEN’sLyon,R&Dcenter• Catalyticreactormodeling• Catalystregeneratordesign• Analytical• Aromaticsprocessing

IFPEN Expands InvolvementDec. 2015: Additional Resources in USA & France

Anellotech

100% Strategic Partner FundedAll Motivated for Commercial Success

• Development partners’ involvement highly motivated:– Future licensing and engineering services revenues– Catalyst sales to licensees

• Our operating company partners are motivated by first availability of cost competitive bio-aromatics.

• Additional funding/strategic partners sought to support development and participate in the future success of the Bio-TCat technology. – Aromatics derivative producers and consumers (i.e. brand owners)– Refiners– Biomass feedstock and equipment suppliers

Anellotech 12

Highly interactive, results-driven collaborations, focused on commercial process economic success.

Aggressive new partners sought to leverage an established platform

• Suntory is pioneering Bio-pX for 100% renewably produced PET

• Additional plants needed to serve PET followers• Cost-competitive aromatics stream enables:

– First mover advantage in industrial chemicals & polymers– Fuels play

Anellotech 13

p-XyleneDemand Generation

Finally - a Renewable source of Benzene

14

Product Benzene, % w/w Major Markets

Polystyrene (EPS, PS) 74 Packaging

Nylon 6 70 Outerwear, engineering resin

Polycarbonate 62 Auto, construction

Epoxies 35- 55Adhesives, electrical, paints and coatings,

Nylon 6,6 34 Outerwear, engineering resin

Acrylonitrile butadiene styrene (ABS)

30-45 Auto, appliance, construction

Linear alkyl benzene (LAB)

28-36 Industrial and institutional detergent

Polyurethane 25-53 Auto, appliance, household, construction

Styrene butadiene rubber (SBR)

17-30 Tires, manufactured rubber goods

Note:Largevariationsinbenzenecontentofepoxies(formulation,hardeners,fillers),ABS(formulation),linearalkylbenzene (chainlengthofparaffin),polyurethane(formulation),andstyrenebutadienerubber(formulationtoservicerequirements).

Anellotech

Large, receptive markets for drop-in, cost competitive, renewably produced benzene

• Renewable cellulosic biofuel we call ‘AnelloMate’

• Cost competitive with petro-based fuels & blendstocks

• Fungible with pipelines, refinery blending systems, fuel distribution and service station infrastructures

• Many product-related advantages over ethanol– No oxygenates– Less sulfur– Higher energy density– Greater RIN value in USA

Fuels via the Bio-TCat™ ProcessRenewable Gasoline Blendstock

Anellotech 15

Anellotech Summary

Anellotech 16

• Thermalcatalyticbiomass conversion (Bio-TCatTM)ofnon-food cellulosics for

– Petro-costcompetitive aromaticsbenzene,toluene,xylenes(“BTX”)

– Fuels:Highoctane,lowRVP,fungible,renewablefueltomeetrenewablemandates

• 100%strategicpartnerfunded, licensingbusiness model

• In-depth, longterm,highlycollaborativejointR&Dpartners

• JohnsonMattheyJointCatalystDevelopment&Manufacturing

• IFPEN Joint ProcessDevelopment&ScaleUp

• Axens Process Licensing,Engineering/tech Support

• Funding bymultinationals seekingearlyaccesstocostcompetitivebio-aromatics,including…

• Suntory(announcedJan2016,>$15MM)

• ConfidentialStrategic($10millionfundingAug2015,Feb-Mar2016)

• Fully integrateddevelopment andtestingunitstart-upin2016

• Commercialplantbyendofthisdecade

• Anellotechseeks synergisticpartneringopportunities

• Bio-benzeneandotherBTXderivativesuppliersandtheirbrandownercustomersthatwantafirstmoveradvantage

• Refinerslookingforalternativerenewablefuelblendstocks

401 North Middletown RoadBuilding 170A

Pearl River, NY 10965T: +1-845-735-7700

[email protected]

17Anellotech