Gas to jet platform © 2011 LanzaTech Inc. All rights reserved. Dr. Jennifer Holmgren CEO, LanzaTech Inc. Asia Pacific Clean Energy Summit Defense Energy.

gas to jet platform

© 2011 LanzaTech Inc. All rights reserved.

Dr. Jennifer HolmgrenCEO, LanzaTech Inc.

Asia Pacific Clean Energy Summit Defense Energy Technology ChallengeHawaii Convention Center Honolulu, HawaiiSeptember 13, 2011

Company Profile Founded in January 2005 Funding

– New Zealand Government – $US 10M– Series A: Khosla Ventures - $US 12M in 2007– Series B: Qiming Ventures - $US 18M in 2010

TeamCSO/Founder: Dr. Sean Simpson

– 80 staff– Synthetic Biology– Analytical– Engineering

– Auckland (New Zealand), Chicago (USA) and Shanghai (China)

IP Portfolio– >60 patents filed– 2 proprietary microbe families

2

The LanzaTech Process

Gas feed stream

Gas reception Compression Fermentation Recovery Producttank

• Gases are sole source of energy and carbon• Production of fuels and chemicals• Potential to make material impact on the future energy pool

(>10s of billions of gallons per year)• Completely outside of the food value chain• Biofuel, carbon capture and energy efficiency technology solution

Novel gas fermentation technology captures CO-rich

gases and converts the carbon to fuels and chemicals

3

190 billion gal/yr 1.3 billiontons/yr potential in US

30 billion gal/yr

Potential for Significant Impact

Steel Industry

Ethanol PotentialFrom LanzaTech Process

1.4 billiontons steel/yr Globally

Biomass

• Access to opportunity and on purpose derived gas streams• Potential to make significant impact on the fuel pool• No impact on food production

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– 15,000 gallons ethanol per year– BlueScope steel mill, NZ– Operating since 2008

– 100,000 gallons ethanol per year

– Baosteel– March 27: Ground breaking

– > 50 million gallons per year

– Baosteel

2008 4Q2011 1Q2013

Pilot Demonstration Commercial

Commercial Production by 2013

A Fast Path to Commercialization

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Energy Efficient Carbon Capture

Conventio

nal, N

o Cap

ture

*

Conventio

nal, C

O2 Cap

ture

*

IGCC-O

2, N

o Cap

ture

*

IGCC, C

O2 Cap

ture

*

BOF Gas

to E

lect

ricity

, no C

aptu

re

BOF Gas

to E

than

ol0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

Eff

icie

nc

y (

%,

HH

V)

LanzaTech process produces valuable products with a higher energy efficiency than a power plant

LanzaTech captures 30% of the carbon from BOF (Basic Oxygen Furnace) gas as valuable hydrocarbons

*Reference: DOE/NETL-2007/1281 “Cost and Performance Baseline for Fossil Energy Plants”

30% of Carbon in BOF gas is Captured as

Ethanol

Redefining Carbon Capture 6

C4

• BDO• n-Butanol• i-Butanol• Succinic acid

LanzaTech Gas to Liquid Platform

H2H2COCOCOCO H2H2 CO2CO2 CO2CO2

Industrial Syngas: Biomass, Coal, Methane COG, Chemical Power

Native

Synthetic

EngineeringControlChemistry

Customized Catalysts

C2

• Ethanol• Acetic acid

C3

• i-propanol• acetone

C5

• IsopreneOther• PHB• …….

Resources

Product Suite

Product Suite

Thermochemical Approaches

OlefinsChemicalsChemical

Intermediates

Hydrocarbon Fuels (diesel, jet, gasoline)

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Integrated Hydrocarbon Fuels Process

8

AlcoholMixture

Gas Reception Fermentation Recovery Chemical Synthesis Rectification Diesel Jet Gasoline

* Gas Feed Stream

Gas Feed Stream• CO from Industrial Waste Gases• Syngas from Biomass, MSW, Reformed Natural Gas or Other Sources

Novel Route to Drop in Hydrocarbon FuelsKey Enabler: Price and Availability of Alcohol

15% 35%50%

LT–SB SPK Sample Properties

9Key Properties Confirmed

Property

ASTM

Test Method

ASTM D7566

LT-SB Sample

Total Aromatics, volume % D1319 < 25 0.6Freeze point, °C D5972 < -40 < -77 Flash point, °C D93 > 38 54Density at 15°C, kg/L D4052 0.751 - 0.770 0.762Heat of combustion, MJ/kg D4809 > 42.8 43.5Hydrocarbon Type Analysis  Aromatics, volume % D6379 < 0.5 < 0.2Aromatics, mass % D2425 < 0.5 < 0.3Cycloparaffins, mass % D2425 < 15 8Paraffins D2425 report 91

API Gravity at 60oF D1298 52 - 57 54.2Olefins, % volume D1319 report 1.0

• RSB Criterion 3c - Lifecycle greenhouse gas emissions of a biofuel blend, calculated by using the RSB lifecycle methodology, shall be on average 50% lower than the applicable fossil fuel baseline.

• LanzaTech Basic Oxygen Furnace (BOF ) Gas Process ~ 60% reduction– Based on LCA analyses performed by Michigan Technological University

and Tsinghua University relative to petroleum gasoline

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Greenhouse Gas Emissions

LanzaTech Case 1: Steam Generated for Ethanol Recovery

LanzaTech Case 2: Waste Heat from Steel Mill used for Ethanol Recovery

GHG footprint is <50% of the footprint of producing petroleum fuels

CornConventionalGasoline

LanzaTech(Case 2)

Cassava LanzaTech(Case 1)

SweetSorghum

160

140

120

100

80

60

40

20

0

gC

O2,

e/M

J

• LanzaTech Waste Biomass Syngas Process - In progress– Based on a custom pathway in the GREET model, initial results have

shown >80% GHG reduction relative to petroleum gasoline

Life Cycle GHG Emission

131

104

69

145

62

41

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FRL Description Toll Gate SB

9 Production Capacity Established Full Scale Plant Operational TBD

8 Commercialization Validated

Business model validated and GHG assessment accepted

In Progress

7 Fuel Approval Fuel Class/Type listed in manuals

In Progress

6 Full-Scale Technical Evaluation

Fuel properties, Rig and engine testing

In Progres

5 Process Validation Scaling from Laboratory to Pilot Plant

4 Preliminary Technical Evaluation

Specification Properties Evaluated

3 Proof of Concept Basic Fuel Properties validated

2 Technology Concept Formulated

Complete feedstock process identified

1 Basic Principles Observed and Reported

Process feedstock principles identified

FRL6

Fuel Readiness Level: SwedishBiofuels Alcohols and Process

A Hybrid Catalytic Route toFuels from Biomass Syngas

Project Objective: develop a cost-effective hybrid conversion technology for catalytic upgrading of biomass-derived syngas to jet fuel and chemicals to meet the price, quality and environmental requirements of the aviation industry

System Integration, Optimization and Analysis

Integration

Gasification& Syngas

Conditioning

Fermentation& AlcoholRecovery

Catalysis

Catalysis

GasolineJet FuelDiesel

ButadieneMEK

EtOH

2,3BD

Wood

Stover

Switchgrass

Improve Economics and Process Sustainability

Rapid Deployment

Refining

Steel

Chemicals

Coal

Biomass

IN PROGRESS

Minimal competition for industrial waste gases - only alternatives are cogen or heating

Multiple plants per partner

Potential >350 M gal/yr from existing agreements/MoUs

Global Recognition

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2010

 Triple Win for LanzaTech• Ranked 38 in Top 100 people

in Bioenergy• Ranked 31 in Top 50 Companies

in Bioenergy• Technology of the Year Award

Ranked among the top 100 private companies in Asia. Ranked among the top 100 private companies globally.

2011

The Global Cleantech 100 highlights the most promising private clean technology companies around the world.

The global Red Herring Top 100, which recognises LanzaTech as one of the 100 most innovative new technology companies.

Double Win for LanzaTech• 2011 NZBIO Company of the Year• Cofounder and chief scientist

Dr. Sean Simpson won the NZBIO 2011 Young Biotechnologist of the Year Award

• TiE50 for energy and cleantech• The top 50 represent the

best in entrepreneurship – “risk-taking yet pragmatic, visionary but market aware”…

• Dr. Sean Simpson was named NZ Entrepreneur Of The Year in the Technology and Emerging Business Category

• Finalist ICIS Innovations Award, Best Innovation by a SME

• 2011 Frost & Sullivan Global Green Excellence Award for Technology Innovation

in Green Chemistry• Ranked 27 in Hot 30 Renewable

Chemicals Companies

A Sensible Path…

Waste for Energy

Industrial Growth

Industrial Growth Energy

SecurityEnergy

SecurityEnergy

EfficiencyEnergy

Efficiency

Aligns:

LandLand To Produce

Food

To Produce

Food

For PeopleFor People

Allows:

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Summary

• To meet growing energy demand & stabilize atmospheric CO2 levels - need to diversify fuel pool and introduce >30% drop in zero carbon fuels

• The LanzaTech process can capture non-food, waste carbon to produce low cost alcohols

• Alcohols produced via the LanzaTech process are an excellent substrate for conversion to drop-in hydrocarbon fuels

• Commercial alcohol production rates on raw industrial waste gases has been demonstrated at scale

• Compelling volumes of waste gases world wide have potential to make significant impact on the fuel pool

• Collaborating with leading conversion partners, industry agencies, and certification bodies to develop sustainable, low cost, integrated hydrocarbon fuels processes from non-food sources

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