Univenture, Inc
     AlgaeVenture Systems



Growing Fuel, Technology & Jobs in Ohio
                                  Jun...
Univenture, Inc.:
                    20 Years of Innovation
                                                             ...
Exploring Possibilities
•   Is the petroleum supply a real issue?
•   Is algae a viable alternative solution?
•   How will...
Petroleum Dependence
•   US has 1.6% of the world’s oil reserves
•   US produces 9% of world’s production
•   US uses 24% ...
Increasing
   Non-US Demand




Decreasing World Reserves

                        Growing Fuel, Technology & Jobs in Ohio...
Is petroleum supply a real
          issue?
           Yes
Breaking America’s dependence on petroleum
imports requires imm...
Is Algae a Viable Solution?
Over thirty years of historical government research,
along with contemporary research and tech...
United States’ experience in
   growing algae for fuel




              Growing Fuel, Technology & Jobs in Ohio
         ...
How Algae Compares
• Algae         20,000   gal/acre


• Corn              13   gal/acre


• Soy               48   gal/ac...
Cost in Perspective
•30 years in public and private R&D into
      bio-fuels from algae
   ~ $50 million spent


•Exxon pr...
Aquatic Species Program
        Funding
            • ASP began in 1978
            • Ended in 1996 to focus
             ...
Sunlight is the focus on algae growth




Stephen Mayfield,
Department of Cell Biology and
                               ...
Growing Fuel, Technology & Jobs in Ohio
      Is Algae a Viable Solution?
                            October 14, 2008
Microalgae Diversity

• 200,000 to
  1,000,000+ species
• 30,000 described
  species
• Each a bio-factory
• Doubling bio-m...
Where do they grow?




                                    NASA




          Growing Fuel, Technology & Jobs in Ohio
   ...
Where do they grow?
• “highest
  concentrations are
  found in the high
  latitude regions, while
  the tropics and
  subt...
Where do they grow?
       • “…temperature
         appears to be an
         important factor in the
         initiation ...
Green Belt Region
• Natural resources
   – Water
   – CO2
   – Nutrients
• Industry
   – Technology
   – Infrastructure


...
Algae Farming Today




• Open Ponds, Closed PBRs, Plastic Baggies
• Numerous Challenges
  –   Invasive Species, Control, ...
How do we Make this
  Work for Ohio?



          Growing Fuel, Technology & Jobs in Ohio
            How Will We Make thi...
Ohio Crop Revenue
• Less than 30% of
  Franklin County
  growing algae would
  produce EQUAL the
  statewide crop
  revenu...
Only 527,417 acres
• 3.71% of Ohio’s
  existing farmland
  could supply Ohio’s
  total annual
  petroleum use




        ...
Vision Along with an
      Enormous Effort Required
•   Private, public & philanthropic participation
•   Biosynthesis & g...
Univenture, Inc. & our partners will
  simultaneously research, engineer,
implement, and continually improve the
        p...
Hybrid Pond Photo Bioreactors
Cost effective engineered systems and processes
 that are efficient at growing algae biomass...
AlgaeVenture Systems LLC




            Growing Fuel, Technology & Jobs in Ohio
              How Will We Make this Work ...
Algae Crop™ System
•   Engineered closed system of cells 11’ x 200'
•   16 cells per acre with 80% growing surface
    50 ...
Algae Crop™ System
• 100 acre complex capital cost of $10 million net.
  – Job creation – direct 15 & indirect 60
• Gross ...
Economic Impact
• Producing enough algae oil to supply
  Ohio’s entire current petroleum need
  results in $35 billion of ...
Job Creation
• 79,000 jobs directly in algae industry
   – ~30 “green collar” jobs per 100 acre
   – Numerous jobs in many...
Sustainable




              Growing Fuel, Technology & Jobs in Ohio
                How Will We Make this Work for Ohio?...
Quality of Life
• Economic stability & GROWTH
• Environmental preservation
• Security -Long term energy & food resources

...
We need to look long-range
• Developing algae oil production facilities
  is simply the FIRST step in our
  transition to ...
Transforming the Rust Belt
into the Green Gold Belt !




             Growing Fuel, Technology & Jobs in Ohio
           ...
What will it take for Success
•    An unprecedented collaboration
     between public, private & academic
     sectors
•  ...
$500 Million for Scale
            Nearly $25 Billion for first 1%

•   The engagement and leverage of
    thousands of sk...
Moving Forward
• Univenture, Inc. Resourcing Internal & External
• 12-20 systems throughout Ohio
   – Universities: OSU, O...
Moving Forward
• 12-20 Partners will focus intense efforts to improve yields
  through species selection, speciation, syst...
Moving Forward
• This initial thrust puts Ohio in the lead
   – New technology development
   – Human and knowledge-based ...
Supporting Progress & Clearing Barriers

 • Pave the way for rapid implementation
    – Supporting research, development a...
Ohio Alternative Energy Standard; Bill 221




                      Growing Fuel, Technology & Jobs in Ohio
             ...
Status

   Growing Fuel, Technology & Jobs in Ohio

                               October 14, 2008
Status



  Growing Fuel, Technology & Jobs in Ohio

                              October 14, 2008
Questions

Thank You



     Growing Fuel, Technology & Jobs in Ohio
           What will it take for Success?
           ...
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Algae Venture Ohio 081014sm

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Algae Venture Ohio 081014sm

  1. 1. Univenture, Inc AlgaeVenture Systems Growing Fuel, Technology & Jobs in Ohio June 24, 2008
  2. 2. Univenture, Inc.: 20 Years of Innovation 1988 • Boot-strapped start-up • Technological start-up experienced • Profitable for the last 17 years • Inc. 500 Fastest Growing 5 times • SBA National Business Person • Ernst & Young Entrepreneur of the Year 2008 • 2002 International Plastics Design Growing Fuel, Technology & Jobs in Ohio October 14, 2008
  3. 3. Exploring Possibilities • Is the petroleum supply a real issue? • Is algae a viable alternative solution? • How will we make this work for Ohio? • What will this take for success? Growing Fuel, Technology & Jobs in Ohio Exploring Possibilities October 14, 2008
  4. 4. Petroleum Dependence • US has 1.6% of the world’s oil reserves • US produces 9% of world’s production • US uses 24% of the world’s production • Ohio uses 251,151,000 barrels per year • Ohio has proven reserves of 49,000,000 Growing Fuel, Technology & Jobs in Ohio Is the petroleum supply a real issue? October 14, 2008
  5. 5. Increasing Non-US Demand Decreasing World Reserves Growing Fuel, Technology & Jobs in Ohio Is the petroleum supply a real issue? October 14, 2008
  6. 6. Is petroleum supply a real issue? Yes Breaking America’s dependence on petroleum imports requires immediate and strong leadership to provide strategic coordination of resources that bridge industry, academia and government interests. Growing Fuel, Technology & Jobs in Ohio Is the petroleum supply a real issue? October 14, 2008
  7. 7. Is Algae a Viable Solution? Over thirty years of historical government research, along with contemporary research and technological developments, point to the viability of algae as an extremely prolific source of both oil and feedstock with the ability to feed virtually every aspect of the current petroleum-product industry as well as the evolving bio-diesel, and ethanol industry. Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  8. 8. United States’ experience in growing algae for fuel Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  9. 9. How Algae Compares • Algae 20,000 gal/acre • Corn 13 gal/acre • Soy 48 gal/acre • Safflower 83 • Jatropha 192 gal/acre gal/acre • Sunflower 102 • Jojoba 192 gal/acre gal/acre • Castor 150 • Coconut 290 gal/acre gal/acre • Rapeseed 171 • Palm 640 gal/acre gal/acre Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  10. 10. Cost in Perspective •30 years in public and private R&D into bio-fuels from algae ~ $50 million spent •Exxon profits $45 billion in 2008 ~10 hours Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  11. 11. Aquatic Species Program Funding • ASP began in 1978 • Ended in 1996 to focus lean budgets on bioethanol • Overall investment ~$25 million Aquatic Species Program (ASP): Lessons Learned, Eric E. Jarvis, National Renewable Energy Laboratory Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  12. 12. Sunlight is the focus on algae growth Stephen Mayfield, Department of Cell Biology and Aquatic Species Program (ASP): The Skaggs Institute for Chemical Biology, Lessons Learned, Eric E. Jarvis, The Scripps Research Institute National Renewable Energy Laboratory Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  13. 13. Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  14. 14. Microalgae Diversity • 200,000 to 1,000,000+ species • 30,000 described species • Each a bio-factory • Doubling bio-mass in as little as 2 hours Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  15. 15. Where do they grow? NASA Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  16. 16. Where do they grow? • “highest concentrations are found in the high latitude regions, while the tropics and subtropics show 10 to 100 times lower concentrations.” EFFECTS OF INCREASED SOLAR ULTRAVIOLET RADIATION ON AQUATIC ECOSYSTEMS D.-P. Häder (FRG), R.C. Worrest (USA), H.D. Kumar (India), and R.C. Smith (USA) Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  17. 17. Where do they grow? • “…temperature appears to be an important factor in the initiation of phytoplankton blooms (no blooms recorded over 25°C or 77°F).” The influence of nutrients & temperature on the global distribution of algal blooms. Literature Review June 2007 Compiled by Leanne Sparrow and Heimann School of Marine and Tropical Biology James Cook University Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  18. 18. Green Belt Region • Natural resources – Water – CO2 – Nutrients • Industry – Technology – Infrastructure Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  19. 19. Algae Farming Today • Open Ponds, Closed PBRs, Plastic Baggies • Numerous Challenges – Invasive Species, Control, Automation – Cost of PBRs, Scale of Challenge Growing Fuel, Technology & Jobs in Ohio Is Algae a Viable Solution? October 14, 2008
  20. 20. How do we Make this Work for Ohio? Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  21. 21. Ohio Crop Revenue • Less than 30% of Franklin County growing algae would produce EQUAL the statewide crop revenue of both soy and corn Graphical representation not actual locations Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  22. 22. Only 527,417 acres • 3.71% of Ohio’s existing farmland could supply Ohio’s total annual petroleum use Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  23. 23. Vision Along with an Enormous Effort Required • Private, public & philanthropic participation • Biosynthesis & genetic algal research • Engineering & processing research • Focus – engage, measure & reward results Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  24. 24. Univenture, Inc. & our partners will simultaneously research, engineer, implement, and continually improve the production systems for algae oil, biomass & bio-products to commercial scale and viability. Building on Vision, Best Practices & Innovation Simultaneously Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  25. 25. Hybrid Pond Photo Bioreactors Cost effective engineered systems and processes that are efficient at growing algae biomass year round, delivering profitable operation at the floor. Specifically designed for ease of manufacturing, installation, operations and production, delivering fuel, feedstocks, and products. Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  26. 26. AlgaeVenture Systems LLC Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  27. 27. Algae Crop™ System • Engineered closed system of cells 11’ x 200' • 16 cells per acre with 80% growing surface 50 to 100 gdw/M2/day • • Oil at 50%-80% lipid content • 9,344-29,900 gallons per acre per year at scale Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  28. 28. Algae Crop™ System • 100 acre complex capital cost of $10 million net. – Job creation – direct 15 & indirect 60 • Gross at 20,000 gpa = $6.8 million/yr. – 32% at $3.40 per gallon price – 8% at $2.50 per gallon price • Breakeven at $2.30 per gallon price – $67.65 per barrel for crude • Wholesale Diesel was $3.87 (9/08/08) Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  29. 29. Economic Impact • Producing enough algae oil to supply Ohio’s entire current petroleum need results in $35 billion of annual sales • Potential 5X effect in all sectors could increase Ohio’s GDP by 39% Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  30. 30. Job Creation • 79,000 jobs directly in algae industry – ~30 “green collar” jobs per 100 acre – Numerous jobs in many fields • Construction, Manufacturing, Maintenance, Operations, Management, Clerical, Transportation, Energy, Engineering, Plastics, Biology, Chemistry, & Many more Manufacturing • 5X indirect and trickle effect = 395,000 Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  31. 31. Sustainable Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  32. 32. Quality of Life • Economic stability & GROWTH • Environmental preservation • Security -Long term energy & food resources Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  33. 33. We need to look long-range • Developing algae oil production facilities is simply the FIRST step in our transition to a bio-economy. • Bio-polymers, bio-plastics and a host of sustainable products will follow. Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  34. 34. Transforming the Rust Belt into the Green Gold Belt ! Growing Fuel, Technology & Jobs in Ohio How Will We Make this Work for Ohio? October 14, 2008
  35. 35. What will it take for Success • An unprecedented collaboration between public, private & academic sectors • A “Manhattan Project” style effort for Algaculture Growing Fuel, Technology & Jobs in Ohio What will it take for Success? October 14, 2008
  36. 36. $500 Million for Scale Nearly $25 Billion for first 1% • The engagement and leverage of thousands of skilled professionals – Scientists & Engineers, Technicians – Management, Production, Construction, Financial & Logistics professionals. Growing Fuel, Technology & Jobs in Ohio What will it take for Success? October 14, 2008
  37. 37. Moving Forward • Univenture, Inc. Resourcing Internal & External • 12-20 systems throughout Ohio – Universities: OSU, OU, Miami, UC, UT, others – Research-focused: ODOT, OAI, Battelle, NASA, NCC, etc. – Industrial partners: bio-diesel, ethanol, power plants, waste treatment, etc. • Separate Business Units under a single LLC with Univenture as Managing Member and major funding source Growing Fuel, Technology & Jobs in Ohio What will it take for Success? October 14, 2008
  38. 38. Moving Forward • 12-20 Partners will focus intense efforts to improve yields through species selection, speciation, systems, processes, and engineering throughout Ohio • Partners will be supported by entire collaborative with teamwork for contract bids and technology sharing • Becoming the base for future growth and implementation Growing Fuel, Technology & Jobs in Ohio What will it take for Success? October 14, 2008
  39. 39. Moving Forward • This initial thrust puts Ohio in the lead – New technology development – Human and knowledge-based assets will be leveraged to build thousands of algae acres nationwide and worldwide – Advanced bio-materials and derivative products • Worldwide attention will lead to countless additional opportunities for Ohio Growing Fuel, Technology & Jobs in Ohio What will it take for Success? October 14, 2008
  40. 40. Supporting Progress & Clearing Barriers • Pave the way for rapid implementation – Supporting research, development and implementation – Zoning & permitting – Property tax freeze for algae farming – Local, State & Federal regulations Growing Fuel, Technology & Jobs in Ohio What will it take for Success? October 14, 2008
  41. 41. Ohio Alternative Energy Standard; Bill 221 Growing Fuel, Technology & Jobs in Ohio What will it take for Success? October 14, 2008
  42. 42. Status Growing Fuel, Technology & Jobs in Ohio October 14, 2008
  43. 43. Status Growing Fuel, Technology & Jobs in Ohio October 14, 2008
  44. 44. Questions Thank You Growing Fuel, Technology & Jobs in Ohio What will it take for Success? October 14, 2008

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