Your SlideShare is downloading. ×
0
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Aggregating capital
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Aggregating capital

57

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
57
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. !"#$#%&(&%)*+,-..+&.$/#.0$1")$2 3*+(%$2&415+*6&%)7 Cindy Thyfault, Founder and CEO Pacific 2012 International Maritime Conference Sustainable Maritime Fuels Sydney, Australia February 1, 2012
  • 2. !"#$#%&()%*+,&-.%#*•! !"#$"%#&()*#+,-$•! ./"#+,0#/,1$#/2+3!44($,5/%6#+•! 7%()5#8+9%/-/:#;,$5:,5$#+3<%+=+•! >?;?9%/-/:%/@A$(@$-0+•! ./,#$/-6(/-89%/-/:%/@!44($,5/%6#+•! !,B#$./,#$/-6(/-8A$(@$-0+
  •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
  • 4. 75+%/#++2#"#8(40#/,+#$"%:#+%/:852#G!-%%.%3 8#9#-):.%3 ;.%%2.%3*9#-+%E%8%,F;,52%#+ C-$=#6/@J#"#8(40#/, 1$-2%6(/-89%/-/:%/@75+%/#++A8-/+ !NH,-=#K(/,$-:,+ Q(/H1$-2%6(/-89%/-/:%/@;%,#;#8#:6(/ A$(25:,J#"#8(40#/, >;JP3J!RS(-/T5-$-/,##+9##2+,(:=;(5$:%/@ ./,#$/-6(/-8C-$=#6/@I T("#$/0#/,T$-/,+<%+=P++#++0#/, J#"#8(40#/,39%/-/:%/@ !A.K-/2RMH.07-/=9%/-/:%/@75+%/#++J#"#8(40#/, T("#$/0#/,-8S%-%+(/+;,52%#+
  • 5. <#$&"*=-.#%&$*Westar has assisted clients in obtaining over $680 Million infinancing.!
  • 6. >#4*=-.#%&*/#2&)"$* Technology ?%9#$&)"$*@* Banking & Providers & ?%A,$&"4* Finance Stakeholders /&B#6)-A#"$* Stakeholders•! Biofuels & Bioproducts! •! Traditional & •! State & Federally•! Renewable Power! Investment Banks! Charted Banks!•! Value-Added •! Venture Capital •! Investment Banks! Agriculture! Companies! •! Equity Providers!•! Water Production & •! Multinational •! Family O"ces & Recycling! Corporation! Hedge Funds!•! Smart Grid •! Family O"ce & Hedge •! International Technologies! Funds! Development•! Sustainable Fiber •! Oil & Gas Companies! Banks! Production! •! Food Production•! Energy E"ciency Companies! Technologies! •! Air Transport•! Transformational Companies! Technologies! •! Air, Land, & Water Fuel Users!
  • 7. C-)0-*=-#%&#26*?%9#$&D#%&$*Source: Kachan & Co. !
  • 8. ?%9#$&D#%&*5"#%A$** @*+::)"&,%.(#$*Source: Bloomberg New Energy Finance!
  • 9. 5"%$:)"&()%*1%#"34** =)%$,D:()%*!")E#2()%$*FGHGIFGJG*Source: World Economic Forum Report, “Sustainable Transportation Ecosystem.”!
  • 10. /&B#6)-A#"$*.%*&6#** 5"%$:)"&()%*/#2&)"*Source: World Economic Forum Report, “Sustainable Transportation Ecosystem.”!
  • 11. K".%#*5"%$:)"&* C")L&6*!")E#2()%$*Source: World Economic Forum Report, “Sustainable Transportation Ecosystem.”!
  • 12. ?%9#$&D#%&*M.$B$*
  • 13. =6--#%3#$*.%*N-&#"%(9#** ;,#-$*;.%%2.%3*•! Capital Cost of Commercial Facility•! Long-term Sales Contracts•! Long-term Supply Contracts•! Scale-up Risk•! ASTM Certification•! Bank Syndication•! Debt Interest Rate
  • 14. /D:-#*O.)P,#-** ;.%%2#*/&",2&,"# Step One – Development Phase! Tech. Equity Offtake Feedstock Project FuelProvider Provider Provider Provider Site Cert. Step Two – Evaluation Phase! 3rd Party Gov’t Feasibility Lender’s Eng. Assistant Study Analysis Report App. Step Three – Lender & Government Approval! Conditional Loan Commit. Closing
  • 15. Buildings EquipmentFeedstockProduction /D:-#*!")E#2&* * Trans. Infrastructure =)$&*/&",2&,"#* ;##A$&)2B* Working ?%9#%&)"4* Capital Accounts Receivable
  • 16. Carbon Tax Credits Credits Gov’t Export- Loan Import Guarantee Financing /D:-#*Q#9#"3#A* * Dev.Grants ;,%A.%3*/&",2&,"#* Bank Financing Bank Cash Financing Bond Financing
  • 17. RS/S*O.)P,#-$*;.%%2.%3*USDA 9003 Program Highlights: •! 80% Loan Guarantee up to $125 million •! Long-term financing up to 20 years •! Non-recourse financing •! Minimum of 20% equity contribution •! Lender of record must hold 7.5% of loan •! US and Foreign Ownership both qualify
  • 18. 1T:)"&I?D:)"&*O%B* K#A.,D*%A*Q)%3I5#"D*Q)%*C,"%&##*!")3"D*U.36-.36&$V*o! >4 ,( UVW 8(-/ @5-$-/,##I /( 0%/%050 ($ 0-M%050 8%0%, ,( ,B# +%X# () ,B# #M4($,+-8#,B-,0-FE#L/-/:#2&%,BRMH.07-/=Y+8(-/@5-$-/,##?o! ZVW2(&/4-F0#/,%+$#O5%$#2)$(0,B#E5F#$o! ;0-88E5+%/#++L/-/:%/@$(+#("#$[W)$(0]^?^E%88%(/%/9_`U,(]aE%88%(/%/ 9_`ZZo! <#/#&-E8#H#/#$@F#M4($,+%/:$#-+#2,(][`a0%88%(/%/9_`ZZ)$(0]^0%88%(/ %/9_`U1-.3.0.-.&4*M#W,."#D#%&$V*o! A$(25:,+05+,E#+B%44#2)$(0,B#>?;?,(-)($#%@/E5F#$?o! RMH.0 7-/= :-//(, +544($, #M4($,+ () 0%8%,-$F ($ 2#)#/+# 4$(25:,+ -/2 +#$"%:#+ b&%,B+(0##M:#46(/+c?
  • 19. +9#"$#$*!".9&#*?%9#$&D#%&*=)":)"()%* K#A.,D*@*Q)%3I5#"D*;.%%2.%3*!")3"D*U.36-.36&$V*•! VHaVW4(++%E8#!A.K4-$6:%4-6(/)($-/#&"#/,5$#-/2>4,([VW4(++%E8#!A.K 4-$6:%4-6(/)($-/#M4-/+%(/%/#0#$@%/@0-$=#,+()-+5::#++)58#M%+6/@(4#$-6(/•! S(-/+)$(0]ZI54,(]`V0%88%(/4#$4$(d#:,•! J%$#:,8(-/+-/2%/"#+,0#/,@5-$-/6#+eJ%$#:,8(-/+-"-%8-E8#,(>?;?L$0+&%,B5/2#$•! ]`V0%88%(/%/+-8#+($]a[0%88%(/%//#,&($,B•! C#2%50,(8(/@H,#$0)5/2%/@GC%/%050^HVF#-$+-/254,(ZVH`F#-$+1-.3.0.-.&4*M#W,."#D#%&$V*•! 9%/-/:%-88F-/2:(00#$:%-88FH+(5/24$(d#:,4$(25:%/@-/-2#O5-,#:-+Bf(&•! `VW>?;?H(&/#$+B%4•! ;5g:%#/,#O5%,F•! 1$-:=$#:($2()+5::#++%/,B#+-0#($+%0%8-$%/25+,$F
  • 20. N$.%*8#9#-):D#%&*O%B* =-#%*1%#"34*!")3"D* !")3"D*U.36-.36&$* •! `[W () ,(,-8 8(-/+ %/ PJ7 )5/2 @( ,( :8#-/ #/#$@F :(04(/#/,+ •! ]` 7%88%(/ %/"#+,0#/, ,-$@#,EF`Z` •! P448%:-6(/+ $#"%#&#2 %/ a E-,:B#+G h-/?I C-$?I C-FI h58?I;#4,II-/2Q("? •! R8%@%E8# -:6"%6#+G E%(0-++I E%()5#8I E%(@-+I $5$-8 #8#:,$%L:-6(/ -/2 #/#$@F -::#++I 2%+,$%E5,#2 #/#$@F 4$(25:6(/I &-+,#H,(H #/#$@F 4$(d#:,+ -/2 (,B#$ :8#-/#/#$@F,#:B/(8(@%#+
  • 21. +&6#"*?%&#"%()%-** ;.%%2.%3*!")3"D$*•! ./,#$HP0#$%:-/J#"#8(40#/,7-/=•! ;5+,-%/-E8#R5$(4#-/./"#+,0#/,7-/=•! P5+,$-8%-RM4($,9%/-/:#-/2./+5$-/:#K($4($-6(/*•! 7-/:(0#M,eC#M%:(Q-6(/-8RM4($,7-/=•! ./2%-RM4($,H.04($,7-/=•! Ri9eJ#/0-$=RM4($,K$#2%,P@#/:F•! RM4($,J#"#8(40#/,K-/-2-•! RM4($,H.04($,7-/=()i($#-
  • 22. !*+8*+&"#3*+8$/*#9%*#)$%),=.%A4*564P,-&X*;),%A#"*%A*=1+*<#$&"*5"A#*M#$),"2#$*FGJG*K.%*/&"##&X*/,.&#*YHG*8--$X*5Z**[FF*FHYIJFGIG]GG*LLLSL#$&"&"A#S2)D

×