POET-DSM Project Liberty Austin December 2013

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  • JV = Two innovative companies that have one shared vision: making cellulosic ethanol a (commercial) reality;
    Two companies leading the transition from a petroleum-based economy to a bio-based economy.
    POET
    one of the world’s largest ethanol producers
    leader in biorefining through its efficient, vertically integrated approach to production
    25-year-old company
    pilot-scale cellulosic bio-ethanol plant (Scotland)
    production capacity in excess of 1.6 billion gallons of ethanol and 9 billion pounds of DDGS annually from its 27 production facilities.
    DSM
    global science-based company active in health, nutrition and materials
    connecting its unique competences in Life Sciences and Materials Sciences
    driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders
    22,000 employees
    extensive global footprint
    annual net sales of about € 9 billion/ US$ 11 bln
    JV
    Announced Jan 23, 2012
    commercialize and license cellulosic bio-ethanol
    Objective: make advanced biofuels a reality by 2013
    Based in Sioux Falls (SD)
  • Henry Ford was right.
  • Pretreatment Slurry
  • Solid/Liquid Separation (Anaerobic Digester, Solid Fuel Boiler)
  • Biomass handling
  • Represents the POET-DSM joint venture’s progress from the pilot phase, into commercial production, then on to global expansion.
  • Final slide – keep up as long as possible while you finish speech and move back to your seat.

Transcript

  • 1. POET-DSM Advanced Biofuels: POET-DSM Advanced Biofuels: Presentation Title Two Innovative Companies Two Innovative Companies One Shared Vision Author One Shared Vision Author’s Title Event Date
  • 2. POET-DSM Advanced Biofuels two innovative companies – one shared vision • One of world’s largest ethanol producers • Efficient, vertically integrated approach to production • Pilot-scale cellulosic bioethanol plant • 27 facilities producing 1.6 bln gal. of ethanol and 9 bln lbs. of DDGS Page • A global leader in industrial biotech focused on Life Sciences and Material Sciences • Committed to sustainability as a key business and societal driver • 22,000 employees bring annual sales of $13 bln
  • 3. Global Presence: POET and DSM Page
  • 4. The Future • POET-DSM Advanced Biofuels has a tremendous amount of potential & value to domestic markets • According to the EPA, 350-400 new biorefineries will have to be constructed by 2022 to meet the 16 BGPY cellulosic ethanol volume requirement in the RFS – EPA forecasts 7.8 billion gallons of cellulosic bio-ethanol from corn crop residue by 2022 • POET-DSM Advanced Biofuels is expected to produce revenue in the first half of 2014 – Revenue will come from the sale of cellulosic bio-ethanol, biogas and license income of the technology package Page
  • 5. Renewable Fuel Standard The RFS drives volume, RINS bring value and future engines need the octane of mid level blends Page
  • 6. Need for Alternative Energy Global Economic Crisis Environmental Destruction War Peak OIL Page
  • 7. Impact of Higher Ethanol Blends to our Fuel Supply • Economy, National Security, Environment, Health – – – – – – – – – Breaks monopoly big oil has on price controls Helps fulfill the RFS Reduces our need for imported oil Helps allow café standards to be realized Helps T3 objectives to be met Lowers costs Reduces aromatic content in fuel Strengthens rural America Offers higher octane fuel, critical to auto manufacturers meeting café standards – Etc…… Page
  • 8. CELLULOSIC OVERVIEW Page
  • 9. Rolling it Out: National Impacts U.S. has 1 Billion tons of available biomass – That’s 85 - 90 billion gallons annually – Equal to 60% of U.S. transportation fuel supply – And…America imports 60% of its petroleum! Cellulosic ethanol represents thousands of good, green jobs at home 9 Page
  • 10. WHY CORN CROP RESIDUE? -Economically viable -Available harvest and transportation equipment -Harvest convenience -Does not slow the corn grain harvest -Ease of biomass transportation -Environmentally sustainable -Good ethanol yield -Represents at least 5 billion gallons of the 80 billion from biomass in U.S. -Offers a replicable model for rapid expansion -LIBERTY will purchase over $20 million in feedstock from area farmers -All biomass is local – fits with grain based ethanol facilities Page the
  • 11. Cellulosic Ethanol Economic Benefit • Each plant brings an investment of $200 million+ and hundreds of construction jobs. • Workforce of 40+ people brings over $2 million into the community per year before add-on affects. • The plant will spend over $20 million for biomass acquisition each year. Page
  • 12. Energy Security & the Environment • A single plant will reduce oil imports by about 1 million barrels per year substituting U.S. jobs for about $50 million in annual foreign spending. • Cellulosic ethanol has to be at least 60% better than gasoline in green house gas emissions. A single plant will reduce over 210,000 tons of CO2 per year or the equivalent of about 35,000 cars. • We gather about 25% of the corn stover from the field, which has been demonstrated to be long term sustainable. Page
  • 13. A BOON FOR RURAL AMERICA: Impact of Project LIBERTY on for rural America: Page
  • 14. Project LIBERTY at a glance • Production: 25 million gallons of bio-ethanol per year • Feedstock use: 770 tons of biomass per day (approx. 285,000 tons per year) • Byproduct is energy, enough to power the facility and export to the adjacent plant • Expected start of production: first part of 2014 • Project cost: $250 million PAGE 14 Page
  • 15. Page
  • 16. Project LIBERTY • Began construction on cellulosic biorefinery in early 2012 • 20 million gallon cellulosic ethanol plant ramping up to 25 million gallons • Co-located with existing grain-based ethanol plant utilizing some existing infrastructure • POET-DSM designed sustainable biomass supply system • Lignin and co-products used to produce biogas and burned in solid fuel boiler for green energy used in grain ethanol plant Page
  • 17. LIBERTY Facts •   • Cellulosic Ethanol Production Capacity: 20 million gallons per year, ramping up to 25 million gallons • Annual Revenue for Area Farmers: $15-20 million. Custom harvesting opportunities for new/young farmers to gain lower-cost entry into agriculture • 2012 Harvest: 75,000 tons (2013 target is 100,000 tons) • Power Generated: Enough to power Project LIBERTY and export some energy to the adjacent grain ethanol plant. • Approximate Project Cost: $250 million • Permanent Jobs Created: 40 Biorefinery Employees • Construction Jobs: 100-200 • Annual Payroll & Benefits: Over $1.6M • Impact on local taxing entities: $1 million+ annually • Impact on state (Iowa) taxing entities: $250,000+ annually • Biorefinery Site: 25.6 acres (in addition, biomass stackyard is 29.3 acres) • Expected Start of Production: Early 2014 Daily Feedstock Requirements: 770 tons of corn cobs, leaves, husks and some stalk “crop residue” Page
  • 18. PROJECT LIBERTY STACK YARD PAGE 18 Page
  • 19. PAGE 19 Page
  • 20. PAGE 20 Page
  • 21. PAGE 21 Page
  • 22. PAGE 22 Page
  • 23. PAGE 23 Page
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  • 25. Summary Scotland Pilot Plant Page Project LIBERTY
  • 26. Page
  • 27. Page