SmartCHEM summit 22nd May 2018

1. Bioproducts from industrial side streams –
How to make profitable circular economy?
SmartCHEM Summit 2018
Turku 22.5.2018
Ilona Liukkonen
Product Manager
St1 Renewable Energy Oy
30.5.2018 St1 Company presentation1

2. Petrol 21.9%
Diesel 18.7%
Light fuel oil 23.2%
St1 home market
Home market consists of Finland,
Sweden and Norway.
Headquarter in Helsinki.
Employs more than 750 people.
Operations are strengthened by
strategic long-term partnerships
in various areas.
30.5.2018
Total of ca. 1400 St1- and Shell-sites
in Finland, Sweden and in Norway.
Biorefineries producing waste-
based advanced ethanol. Industrial
wind power plants. Geothermal
pilot heat plant under construction.
Oil refinery in Sweden. Renewable
diesel production facility under
construction in Sweden.
STATION NETWORK
ST1
ENERGY PRODUCTION
MARKET SHARES 2017 KEY FIGURES 2017
FINLAND
SWEDEN
NORWAY
Net Sales, MEUR
6,540
Profit for the period, MEUR
209.1
Wind farms owned by TuuliWatti Oy,
an associated company of St1 and S-Voima.
Wind power plant
Biorefineries
Oil refinery
Petrol 19.0%
Diesel 14.6%
Light fuel oil 22.4%
Petrol 23.4%
Diesel 21.5%
Marine gas oil 23.9%
404 288 201 258 219
2
Return on Equity, %
23.4

3. 30.5.20183

4. St1 vision: ”To be the leading producer
and seller of CO2-aware energy”
Our goal is to
• Develop and commercialize functional and
environmentally sustainable solutions
• Deliver these solutions profitably
Each solution must be
• Technically ready for use today
• Ecologically and ethically sustainable
• Logistically feasible
30.5.20184

5. Products
Advanced Biofuels & Renewable Energy
Agriculture & Nutrient Recovery
Future Products for Various Industry
St1 Biorefinery Solutions
Etanolix®
Bionolix®
Cellunolix®
Waste & process
residues sources
Food Industry &
Retail
Municipal &
Commercial
Wood Industry
Recycling
30.5.20185
St1 Advanced Ethanol Production in Circular Economy
Ethanol Biogas
Fertilizers
Heat &
Power
Animal
Feed
Off take & Development PartnersFeedstock & Sourcing
Partners
Soil
Improvers
Technology & Development Partners
Furfural

6. 30.5.20186
Cellunolix® Biorefinery Kajaani – A Part of an Ecosystem in Circular Economy
Electricity
Heat
Other utilities
Entzymes
Yeast
Process chemicals
Ethanol Lignin
Turpentine
Furfural
Biogas
Wood vinasse
Local power
plant partner
Local saw
mill partners
Research
institutes
Techonology &
equipment
providers
Development
& off-take
partners
Supply partners
CO2
Local power
plant partner

7. Cellunolix® Biorefinery products – possible applications
30.5.20187
Lignin applications:
• Pellets in energy production
• Composite applications
• Bio-oil applications
• Active coal application
• Binder applications
• Additive applications
• Bioplastic applications
• Resin applications
Furfural:
• Biobased solvent and thinner
• Raw material of furfuryl alcohol
• Building block chemical
Turpentine:
• Biobased solvent and thinner
• Feedstock for fragrance industry
• Building block chemical
Wood vinasse
• Bio-oil in energy production
• Organic fertilizer
Or something else?
Biogas
• Heat & power
production
• Liquified biogas (LBG)
Carbon dioxide
• Agriculture and food
industry uses
• Upgrading into
methane or liquid fuels
Ethanol
• Biocomponent in
transportation fuels
• Other industrial uses

8. Some of St1’s current
development partners for
Cellunolix® Biorefinery products
30.5.2018 St1 Company presentation8

9. How to make profitable circular economy?
• Innovativeness and open mind attitude are vital
• Strong collaboration and partnership building
• Find partners with expertise needed
• Find partnership models where companies can exploit their core competence
• Ecosystem building
• Find the way to increase the total value of circular economy chain in a way each party profit
• It has to be profitable business in long-term for each party
• We look continuosly new collaboration and partnership possibilities
• Feedstock possibilties to ethanol production
• Product development and off-take partners
30.5.20189

10. 30.5.2018 St1 Company presentation10
Thank you!
Ilona Liukkonen
Product Manager
St1 Renewable Energy
Ilona.liukkonen@st1.fi
p. +358 40 8618386
www.st1.fi
www.st1.eu