CO 2 and Waste Gases to Oleochemicals. Lisa Dyson, Chief Executive Officer World Congress on Industrial Biotech, May 2014
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1 CO 2 and Waste Gases to Oleochemicals Lisa Dyson, Chief Executive Officer World Congress on Industrial Biotech, May 2014
2 Kiverdi Converts Waste Gases into Oleochemicals Waste Carbon Gas Kiverdi Microbes Oils and derivatives Everyday Products CO, CO 2 & Hydrogen
3 Kiverdi Background Lisa Dyson, PhD John Reed, PhD Guy Penard, MBA Steve Toon, PhD Sanjay Bonde, MBA CEO CTO SVP Bus. Dev. SVP Operations Corp Dev. State of CA Energy Commission
4 Numerous Waste Carbon Feedstocks Flared Nat Gas Manufacturing Agricultural residue Wood waste
5 Key Components of Waste-Derived Syngas H 2 for hydrotreatment of oil or Haber-Bosch 100% H 2 Methanol 3:1 H 2 :CO 2 ratio Fischer-Tropsch 2:1 H 2 :CO ratio Range of raw syngas compositions 100% CO 100% CO 2 Standard processes to convert raw gases into specific compositions
6 Syngas-Generation: A Scale Gap Typical capacity Gasifier Type Conventional FT MES: 1520odt/day biomass input Source: NNFCC project 09/008
7 Key Challenges Leading to Scale Gap 1 Value creation / revenue potential Commodity products Multiple co-products 2 3 High purity requirements Significant gas conditioning steps Processing conditions that require large scales High pressure, high temperature
8 Target Market: Custom Oils and Oleochemicals 1 Plant Oils 155B kg Total Addressable Market The plant oil market includes foods and industrial oils and fatty acids Industrial Oils & Fatty Acids 38B kg Serviceable Available Market Our focus will be on non-food industrial oils & fatty acids Oleochemicals 19B kg Target Market Oleochemicals are used to make detergents, plastics, personal care items, soaps, animal feed, candles, etc. Market value * = $30B/yr Sources: Recent Trends and Medium-Term prospects in the Global Vegetable Oil Market, FAO 2011; Nexant 2011; Industrial uses of Oleochemicals, Rhodia; Kiverdi analysis *Estimate based on a weighted average price of $1.60/kg
9 Oleochemicals are Higher Value Intermediates 1 Fatty acids Diacids Fatty alcohols Derivatives Oleochemical prices range from $1,500-$7,000/tonne
10 Our Biocatalysts: Oil-Producing Knallgas Microbes 1 CO 2 CO H 2 Central carbon metabolism Targeted Oils Metabolic intermediates
11 The Science: Anabolic Pathway 1 Enzyme or Pathway Carbon Monoxide Dehydrogenase Formula CO + H 2 O H 2 + CO 2 Hydrogenase H 2 + NAD + NADH + H + Oxidative Phosphorylation H 2 + 1/2O ADP + 2-3P H 2 O + 2-3ATP * Carbon Fixation Pathway 2CO 2 Acetyl-CoA
12 Carbon Engineering TM to Make Oleochemicals 1 CO 2 CO O C Fatty Acid O - H 2 Central carbon metabolism O - O C Diacid O C O - metabolic intermediate OH C Fatty alcohols Other custom chemicals Able to customize chain length, unsaturation, functional groups
13 Bioprocess Tolerant to a Range of Gases 2 100% H 2 Range of raw syngas compositions 100% CO 100% CO 2 Kiverdi microbes robust against impurities
14 Ambient Processing Conditions 3 Gas Bioprocessing Attractive Economics Syngas fed into reactor Low pressure Low temperature Tolerant to syngas impurities High product selectivity High value products
15 Multiple Process Units for Typical Catalyst 3 Biomass Source: Tomas Ekbom, Niklas Berglin, Sara Lögdberg, Black Liquor Gasification with Motor Fuel Production BLGMF II, Swedish Energy Agency, Stockholm, Sweden December 2005
16 Remove / Reduce Process Steps 3 Kiverdi process Replace with Kiverdi gas bioprocess Low temperature Low pressure Low cost Biomass Cooled smelt can be used as source of mineral nutrients and/or as a base for ph control in the Kiverdi process Source: Tomas Ekbom, Niklas Berglin, Sara Lögdberg, Black Liquor Gasification with Motor Fuel Production BLGMF II, Swedish Energy Agency, Stockholm, Sweden December 2005
17 How Kiverdi Addresses the Scale Gap 1 Produce valuable specialty oils and oleochemicals 2 Robust against impurities and variations in gas composition 3 Ambient operating conditions and reduced process steps
18 Advantages of Kiverdi s Knallgas Technology sustainable distributed capital lite global We convert waste into sustainable bio-based oleochemicals Small & easy to propagate Partner to build plants Easy local deployment OUR MICROBES ARE THE PLANTS OF TOMORROW
19 Partnering to Commercialize Solutions INNOVATION TRACTION BUILDOUT Functionalize Knallgas Microbes to convert waste into sustainable bio-based chemicals Develop Partnerships with chemical and CPG companies for scale-up and testing Scale production and deploy commercial units with Partners
20 CO 2 & Waste Gases to Oleochemicals Join Us Carbon Gas Carbon Engineering Converting CO 2 and waste carbon into value Enabling gas-production technologies Low-cost drop-in chemicals Enhanced chemical performance properties
21 Questions? Lisa Dyson Chief Executive Officer (510)
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