SlideShare a Scribd company logo
1 of 12
Download to read offline
We propose an oil remediation solution that is
Economic
Efficient
Ecofriendly
Vikas Nandwana
CTO & Co-Founder
MFNS Tech, Inc.
OHM SPONGE
Problem - Oil Spills
Sources: ITOPF, USCG, NOAA, CNN, National Geographic, Elpais, Microbewiki, Greenliving
Market Size and Opportunity
120
90
60
30
150
180
MarketSize($inBillions)
The global oil spill management market is expected to reach $180 Billion by 2025.
Source: Grand View Research
Current Methods
Sources: CNN, MSAR, ITOPF
Dispersants
In-situ Burning
Skimmers
Sorbents
Fast
Toxic for Marine Life
Partial Oil Recovery
Slow, Inefficient
Efficient, Selective
Expensive, Physical Waste
Fast
Carbon Emission
Needs for an
Ideal Solution
 Cost-effective
 Fast
 Selective
 Oil Recovery
 Eco-friendly
?
Solution : Oleophilic, Hydrophobic and Magnetic (OHM) sponge
* US Patent 62/788,347
Demo - https://youtu.be/sE-1CNsBEOM
Water Oil
OHM
Sponge
Commercially
Available Sponge
Cost-effective
Coating*
A smart sponge that selectively removes/recovers oil from oil/water mixture
Oil Absorption – Selectivity and Reusability
0
5
10
15
20
25
30
35
40
0 0.125 0.25 0.5 1
MassAbs.Capacity(g/g)
Salt Concentration (M)
Oil absorption capacity of OHM Sponge is not affected due to pH, salinity, or various oil types.
0
5
10
15
20
25
30
35
40
MassAbs.Capacity(g/g)
0
5
10
15
20
25
30
35
40
1 2 3 4 5 6 7 8 9 10
MassAbs.Capacity(g/g)
Cycles
0
5
10
15
20
25
30
35
40
1 3 5 7 9 11 13
MassAbs.Capacity(g/g)
pH
Removes all types of oils At any pH (acidic or basic)
Squeeze & re-use; many times! In salty or fresh waters
Mass absorption capacity is based on American Standard Test Method (ASTM) 726-06 using Fisherbrand™ 19 Mechanical Pump Oil (unless otherwise specified).
Oil Absorption – Selectivity and Reusability
Commercial Crude Oil Removal with OHM Sponge
Middle Eastern and South American Crude Oil Samples were kindly provided by Chevron (Courtesy – Dr Ajit Pradhan).
West Texas and Azerbaijan samples were bought from onta.com.
Mass absorption capacity is based on American Standard Test Method (ASTM) 726-06.
0
5
10
15
20
25
30
35
40
West Texas
Blend
Middle Eastern
Extra Light
Middle Eastern
Light
South American
Heavy
Azerbaijan
Heavy
MassAbsorptionCapacity(g/g)
Cycle 1 Cycle 2 Cycle 3
Commercial Crude Oil Removal with OHM Sponge
Competition and Competitive Advantages
Hydrophobic Oleophilic
Solution Skimmer Dispersant
(Corexit)
In situ
Burning
Sorbent OHM
Sponge
Cost No Yes Yes No Yes
Speed No Yes Yes No Yes
Reusable No No No No Yes
Recovery Yes No No No Yes
Selective No No Yes Yes Yes
C Emission Yes Yes No Yes Yes
Marine Life Yes No No Yes Yes
OHM Sponge is more Economic, Efficient, and Eco-friendly than currently deployed oil spill removal solutions.
Economic
Efficient
Eco-friendly
Category Product
Physical
Waste
Generated
Type of
oils
Breadth of
Use Cases
Cost
Recovery of
Sorbent
Scalable
Recovery
of Oil
OHM Sponge
Direct
Competitor
Organic Sorbents
Inorganic Sorbents
Synthetic Sorbents
Continuous
Boom Sorbents
Loose Fiber
Synthetic Sorbents
Emerging
Competitor
Argonne Labs
OLEO Sponge
Carbon Nanotubes
Comparison with Other Sorbents
Best in category Middle in category Worst in category
Comparison with Other Sorbents
$0 $1 $2 $3 $4 $5 $6
PIG® Original Absorbent Sock
ULINE Sorbent Socks
PIG® Oil-Only Absorbent Mat Pad
Spilltration® SpillBoa® Bales (5''X25')
ULINE Sorbent Booms (5''x10')
AbsorbentsOnline Oil Absorbant Boom (10')
AbsorbentsOnline Oil Absorbant Boom (40')
Grainger Absorbent Boom (20')
ULINE Sorbent Booms (8''x10')
ULINE Heavy Roll Sorbents
Spilltration® SpillBoa® Bales (5''X10')
ULINE Heavy Pad Sorbents
ULINE Medium Roll Sorbents
ULINE Medium Pad Sorbents
Spill911 Sorbent Boom (10')
Spill911 Sorbent Boom (20')
ULINE light sorbent pads
Grainger Absorbent Boom (10')
Cost per Gallon of Oil Absorbed
CompetitorSet
OHM Sponge
Actual Cost per gallon absorbed: −$𝟎𝟎.74*Cost per gallon absorbed: $𝟎𝟎. 𝟐𝟐6
Breakdown of Costs per Sorbent to Cost per Gallon of Oil
Clean-up cost using OHM sponge is negative if the recovered oil price is considered.
* If the recovered oil price ($1/gallon) is considered
Comparison with Direct Competitors
Business Model
Value Chain
We will manufacture
OHM sponges from
raw materials and sell
them to end users for
marginal profit
Sponge provides
competitive cost per
gallon absorbed* to
customers at 87.5 %
margin at scale
Sponge
supplier
Input material
supplier
Manufacture
sponges
Sell sponges to
end users
Environment
Remediation
Companies
* Cost per gallon based on sponge reuse
of ten times
# If the recovered oil price ($1/gallon) is
considered-$1
$0
$1
$2
$3
$4
CostpergallonofOilRemoved
Average Market Price: $2
87%
Margin
$3.82
-$0.75*#
$0.25*
Clean-up Cost per Gallon of Oil
OHM SPONGE
An Environmental
Remediation Solution
Vikas Nandwana
CTO & Co-Founder
MFNS Tech, Inc.

More Related Content

Similar to OHM Sponge

ERIKS Spill Control Solutions
ERIKS Spill Control SolutionsERIKS Spill Control Solutions
ERIKS Spill Control SolutionsERIKS UK
 
Oil Technics Ltd (OTL): Speciality Treatments Brochure: Oil in Water/Water in...
Oil Technics Ltd (OTL): Speciality Treatments Brochure: Oil in Water/Water in...Oil Technics Ltd (OTL): Speciality Treatments Brochure: Oil in Water/Water in...
Oil Technics Ltd (OTL): Speciality Treatments Brochure: Oil in Water/Water in...David Holmes
 
OTL waste treatment & bio treatment brochure
OTL waste treatment & bio treatment brochureOTL waste treatment & bio treatment brochure
OTL waste treatment & bio treatment brochureDavid Holmes
 
Oil Technics Ltd(OTL):Demulsifers.
Oil Technics Ltd(OTL):Demulsifers.Oil Technics Ltd(OTL):Demulsifers.
Oil Technics Ltd(OTL):Demulsifers.David Holmes
 
OTL: Oil Contamination Solutions for the Oil Recycling Industry
OTL: Oil Contamination Solutions for the Oil Recycling IndustryOTL: Oil Contamination Solutions for the Oil Recycling Industry
OTL: Oil Contamination Solutions for the Oil Recycling IndustryDavid Holmes
 
Bulk Fuel Storage, Receipt And Loading Areas: Biological Cleaning From Oil Te...
Bulk Fuel Storage, Receipt And Loading Areas: Biological Cleaning From Oil Te...Bulk Fuel Storage, Receipt And Loading Areas: Biological Cleaning From Oil Te...
Bulk Fuel Storage, Receipt And Loading Areas: Biological Cleaning From Oil Te...David Holmes
 
OTL Products:Contamination Solutions Industrial Cleaning-bioremediation.
OTL Products:Contamination Solutions Industrial Cleaning-bioremediation.OTL Products:Contamination Solutions Industrial Cleaning-bioremediation.
OTL Products:Contamination Solutions Industrial Cleaning-bioremediation.David Holmes
 
OTL: Oil Decontamination & Bioremediation Solutions.
OTL: Oil Decontamination & Bioremediation Solutions.OTL: Oil Decontamination & Bioremediation Solutions.
OTL: Oil Decontamination & Bioremediation Solutions.Dave Holmes
 
Oil Technics Ltd: Oil remediation & Decontamination solutions
Oil Technics Ltd: Oil remediation &  Decontamination solutionsOil Technics Ltd: Oil remediation &  Decontamination solutions
Oil Technics Ltd: Oil remediation & Decontamination solutionsDavid Holmes
 
ERIKS RX Spill Control
ERIKS RX Spill ControlERIKS RX Spill Control
ERIKS RX Spill ControlSarah Evans
 
Thesis presentation
Thesis presentationThesis presentation
Thesis presentationNazmul Alam
 
Innovation and Commercial Success in BioRenewables: Energy, Plastics
Innovation and Commercial Success in BioRenewables: Energy, PlasticsInnovation and Commercial Success in BioRenewables: Energy, Plastics
Innovation and Commercial Success in BioRenewables: Energy, PlasticsSustainable Brands
 
Pitch - AeroClay's FrozenDirt for SXSW Eco
Pitch - AeroClay's FrozenDirt for SXSW EcoPitch - AeroClay's FrozenDirt for SXSW Eco
Pitch - AeroClay's FrozenDirt for SXSW EcoEli Saad
 
Advances in turbine lubricant maintenance
Advances in turbine lubricant maintenanceAdvances in turbine lubricant maintenance
Advances in turbine lubricant maintenanceEPT
 
Oil Clear Client Presentation Maritime
Oil Clear Client Presentation MaritimeOil Clear Client Presentation Maritime
Oil Clear Client Presentation MaritimeGalebagram
 
Eco quik sorb application and uses
Eco quik sorb application and usesEco quik sorb application and uses
Eco quik sorb application and useswinalbpr
 

Similar to OHM Sponge (20)

ERIKS Spill Control Solutions
ERIKS Spill Control SolutionsERIKS Spill Control Solutions
ERIKS Spill Control Solutions
 
Best Practices in Sustainability with CDTA
Best Practices in Sustainability with CDTABest Practices in Sustainability with CDTA
Best Practices in Sustainability with CDTA
 
Oil Technics Ltd (OTL): Speciality Treatments Brochure: Oil in Water/Water in...
Oil Technics Ltd (OTL): Speciality Treatments Brochure: Oil in Water/Water in...Oil Technics Ltd (OTL): Speciality Treatments Brochure: Oil in Water/Water in...
Oil Technics Ltd (OTL): Speciality Treatments Brochure: Oil in Water/Water in...
 
OTL waste treatment & bio treatment brochure
OTL waste treatment & bio treatment brochureOTL waste treatment & bio treatment brochure
OTL waste treatment & bio treatment brochure
 
Oil Technics Ltd(OTL):Demulsifers.
Oil Technics Ltd(OTL):Demulsifers.Oil Technics Ltd(OTL):Demulsifers.
Oil Technics Ltd(OTL):Demulsifers.
 
OTL: Oil Contamination Solutions for the Oil Recycling Industry
OTL: Oil Contamination Solutions for the Oil Recycling IndustryOTL: Oil Contamination Solutions for the Oil Recycling Industry
OTL: Oil Contamination Solutions for the Oil Recycling Industry
 
Bulk Fuel Storage, Receipt And Loading Areas: Biological Cleaning From Oil Te...
Bulk Fuel Storage, Receipt And Loading Areas: Biological Cleaning From Oil Te...Bulk Fuel Storage, Receipt And Loading Areas: Biological Cleaning From Oil Te...
Bulk Fuel Storage, Receipt And Loading Areas: Biological Cleaning From Oil Te...
 
OTL Products:Contamination Solutions Industrial Cleaning-bioremediation.
OTL Products:Contamination Solutions Industrial Cleaning-bioremediation.OTL Products:Contamination Solutions Industrial Cleaning-bioremediation.
OTL Products:Contamination Solutions Industrial Cleaning-bioremediation.
 
Nato brochure
Nato brochureNato brochure
Nato brochure
 
OTL: Oil Decontamination & Bioremediation Solutions.
OTL: Oil Decontamination & Bioremediation Solutions.OTL: Oil Decontamination & Bioremediation Solutions.
OTL: Oil Decontamination & Bioremediation Solutions.
 
Oil Technics Ltd: Oil remediation & Decontamination solutions
Oil Technics Ltd: Oil remediation &  Decontamination solutionsOil Technics Ltd: Oil remediation &  Decontamination solutions
Oil Technics Ltd: Oil remediation & Decontamination solutions
 
Algae Based Biofuels
Algae Based BiofuelsAlgae Based Biofuels
Algae Based Biofuels
 
ERIKS RX Spill Control
ERIKS RX Spill ControlERIKS RX Spill Control
ERIKS RX Spill Control
 
EnviroTaps Biz Oppt
EnviroTaps Biz OpptEnviroTaps Biz Oppt
EnviroTaps Biz Oppt
 
Thesis presentation
Thesis presentationThesis presentation
Thesis presentation
 
Innovation and Commercial Success in BioRenewables: Energy, Plastics
Innovation and Commercial Success in BioRenewables: Energy, PlasticsInnovation and Commercial Success in BioRenewables: Energy, Plastics
Innovation and Commercial Success in BioRenewables: Energy, Plastics
 
Pitch - AeroClay's FrozenDirt for SXSW Eco
Pitch - AeroClay's FrozenDirt for SXSW EcoPitch - AeroClay's FrozenDirt for SXSW Eco
Pitch - AeroClay's FrozenDirt for SXSW Eco
 
Advances in turbine lubricant maintenance
Advances in turbine lubricant maintenanceAdvances in turbine lubricant maintenance
Advances in turbine lubricant maintenance
 
Oil Clear Client Presentation Maritime
Oil Clear Client Presentation MaritimeOil Clear Client Presentation Maritime
Oil Clear Client Presentation Maritime
 
Eco quik sorb application and uses
Eco quik sorb application and usesEco quik sorb application and uses
Eco quik sorb application and uses
 

Recently uploaded

2024-05-16 Composting at Home 101 without link to voucher
2024-05-16 Composting at Home 101 without link to voucher2024-05-16 Composting at Home 101 without link to voucher
2024-05-16 Composting at Home 101 without link to voucherEllen Book
 
In vitro evaluation of antibacterial activity of chloroform extract Andrograp...
In vitro evaluation of antibacterial activity of chloroform extract Andrograp...In vitro evaluation of antibacterial activity of chloroform extract Andrograp...
In vitro evaluation of antibacterial activity of chloroform extract Andrograp...Open Access Research Paper
 
Learn Creative Upcycling Ideas for Old T-Shirts: Transform Your Wardrobe Now
Learn Creative Upcycling Ideas for Old T-Shirts: Transform Your Wardrobe NowLearn Creative Upcycling Ideas for Old T-Shirts: Transform Your Wardrobe Now
Learn Creative Upcycling Ideas for Old T-Shirts: Transform Your Wardrobe NowSwag Cycle
 
Coastal and mangrove vulnerability assessment In the Northern Coast of Java, ...
Coastal and mangrove vulnerability assessment In the Northern Coast of Java, ...Coastal and mangrove vulnerability assessment In the Northern Coast of Java, ...
Coastal and mangrove vulnerability assessment In the Northern Coast of Java, ...CIFOR-ICRAF
 
Presentation on GLOBALISATION IN MBA sem
Presentation on GLOBALISATION IN MBA semPresentation on GLOBALISATION IN MBA sem
Presentation on GLOBALISATION IN MBA semAnikaSingh30
 
Laplace Transforms.pptxhhhhhhhhhhhhhhhhh
Laplace Transforms.pptxhhhhhhhhhhhhhhhhhLaplace Transforms.pptxhhhhhhhhhhhhhhhhh
Laplace Transforms.pptxhhhhhhhhhhhhhhhhhjoshuaclack73
 
Sungsang Mangrove Restoration and Ecotourism (SMART): A participatory action ...
Sungsang Mangrove Restoration and Ecotourism (SMART): A participatory action ...Sungsang Mangrove Restoration and Ecotourism (SMART): A participatory action ...
Sungsang Mangrove Restoration and Ecotourism (SMART): A participatory action ...CIFOR-ICRAF
 
A Wide Range of Eco System Services with Mangroves
A Wide Range of Eco System Services with MangrovesA Wide Range of Eco System Services with Mangroves
A Wide Range of Eco System Services with MangrovesCIFOR-ICRAF
 
Cooperative Mangrove Project: Introduction, Scope, and Perspectives
Cooperative Mangrove Project: Introduction, Scope, and PerspectivesCooperative Mangrove Project: Introduction, Scope, and Perspectives
Cooperative Mangrove Project: Introduction, Scope, and PerspectivesCIFOR-ICRAF
 
NO1 Popular kala ilam Expert In Peshwar Mirpur Kala Jadu Specialist In Peshw...
NO1 Popular kala ilam Expert In Peshwar Mirpur  Kala Jadu Specialist In Peshw...NO1 Popular kala ilam Expert In Peshwar Mirpur  Kala Jadu Specialist In Peshw...
NO1 Popular kala ilam Expert In Peshwar Mirpur Kala Jadu Specialist In Peshw...Amil baba
 
ecosystem class 12 ppt investigatory project
ecosystem class 12 ppt investigatory projectecosystem class 12 ppt investigatory project
ecosystem class 12 ppt investigatory projectMayank524181
 
Lecture 6- Bacteria- Pathathogenesis.ppt
Lecture 6- Bacteria- Pathathogenesis.pptLecture 6- Bacteria- Pathathogenesis.ppt
Lecture 6- Bacteria- Pathathogenesis.pptDiptiPriya6
 
Plastic angel or demon/recycling process
Plastic angel or demon/recycling processPlastic angel or demon/recycling process
Plastic angel or demon/recycling processMustafa Alp
 
Carbon Stock Assessment in Banten Province and Demak, Central Java, Indonesia
Carbon Stock Assessment in Banten Province and Demak, Central Java, IndonesiaCarbon Stock Assessment in Banten Province and Demak, Central Java, Indonesia
Carbon Stock Assessment in Banten Province and Demak, Central Java, IndonesiaCIFOR-ICRAF
 
National Tree Planting Day May 2024 Nairobi
National Tree Planting Day May 2024 NairobiNational Tree Planting Day May 2024 Nairobi
National Tree Planting Day May 2024 Nairobiayisiclare_
 
Lab Investigation.pptxjjjjjjjjjjjjjjjjjj
Lab Investigation.pptxjjjjjjjjjjjjjjjjjjLab Investigation.pptxjjjjjjjjjjjjjjjjjj
Lab Investigation.pptxjjjjjjjjjjjjjjjjjjjoshuaclack73
 
EFFLUENT TREATMENT PLANT For PHARMA INDUSTRY
EFFLUENT TREATMENT PLANT For PHARMA INDUSTRYEFFLUENT TREATMENT PLANT For PHARMA INDUSTRY
EFFLUENT TREATMENT PLANT For PHARMA INDUSTRYSyed Atif Naseem
 
Impacts of agriculture on the environment.
Impacts of agriculture on the environment.Impacts of agriculture on the environment.
Impacts of agriculture on the environment.AyushKumar76331
 
poplar trees field in kurdistan region of iraq.pptx
poplar trees field in kurdistan region of iraq.pptxpoplar trees field in kurdistan region of iraq.pptx
poplar trees field in kurdistan region of iraq.pptxjihad19
 
Data analysis and findings
Data analysis and findingsData analysis and findings
Data analysis and findingsCIFOR-ICRAF
 

Recently uploaded (20)

2024-05-16 Composting at Home 101 without link to voucher
2024-05-16 Composting at Home 101 without link to voucher2024-05-16 Composting at Home 101 without link to voucher
2024-05-16 Composting at Home 101 without link to voucher
 
In vitro evaluation of antibacterial activity of chloroform extract Andrograp...
In vitro evaluation of antibacterial activity of chloroform extract Andrograp...In vitro evaluation of antibacterial activity of chloroform extract Andrograp...
In vitro evaluation of antibacterial activity of chloroform extract Andrograp...
 
Learn Creative Upcycling Ideas for Old T-Shirts: Transform Your Wardrobe Now
Learn Creative Upcycling Ideas for Old T-Shirts: Transform Your Wardrobe NowLearn Creative Upcycling Ideas for Old T-Shirts: Transform Your Wardrobe Now
Learn Creative Upcycling Ideas for Old T-Shirts: Transform Your Wardrobe Now
 
Coastal and mangrove vulnerability assessment In the Northern Coast of Java, ...
Coastal and mangrove vulnerability assessment In the Northern Coast of Java, ...Coastal and mangrove vulnerability assessment In the Northern Coast of Java, ...
Coastal and mangrove vulnerability assessment In the Northern Coast of Java, ...
 
Presentation on GLOBALISATION IN MBA sem
Presentation on GLOBALISATION IN MBA semPresentation on GLOBALISATION IN MBA sem
Presentation on GLOBALISATION IN MBA sem
 
Laplace Transforms.pptxhhhhhhhhhhhhhhhhh
Laplace Transforms.pptxhhhhhhhhhhhhhhhhhLaplace Transforms.pptxhhhhhhhhhhhhhhhhh
Laplace Transforms.pptxhhhhhhhhhhhhhhhhh
 
Sungsang Mangrove Restoration and Ecotourism (SMART): A participatory action ...
Sungsang Mangrove Restoration and Ecotourism (SMART): A participatory action ...Sungsang Mangrove Restoration and Ecotourism (SMART): A participatory action ...
Sungsang Mangrove Restoration and Ecotourism (SMART): A participatory action ...
 
A Wide Range of Eco System Services with Mangroves
A Wide Range of Eco System Services with MangrovesA Wide Range of Eco System Services with Mangroves
A Wide Range of Eco System Services with Mangroves
 
Cooperative Mangrove Project: Introduction, Scope, and Perspectives
Cooperative Mangrove Project: Introduction, Scope, and PerspectivesCooperative Mangrove Project: Introduction, Scope, and Perspectives
Cooperative Mangrove Project: Introduction, Scope, and Perspectives
 
NO1 Popular kala ilam Expert In Peshwar Mirpur Kala Jadu Specialist In Peshw...
NO1 Popular kala ilam Expert In Peshwar Mirpur  Kala Jadu Specialist In Peshw...NO1 Popular kala ilam Expert In Peshwar Mirpur  Kala Jadu Specialist In Peshw...
NO1 Popular kala ilam Expert In Peshwar Mirpur Kala Jadu Specialist In Peshw...
 
ecosystem class 12 ppt investigatory project
ecosystem class 12 ppt investigatory projectecosystem class 12 ppt investigatory project
ecosystem class 12 ppt investigatory project
 
Lecture 6- Bacteria- Pathathogenesis.ppt
Lecture 6- Bacteria- Pathathogenesis.pptLecture 6- Bacteria- Pathathogenesis.ppt
Lecture 6- Bacteria- Pathathogenesis.ppt
 
Plastic angel or demon/recycling process
Plastic angel or demon/recycling processPlastic angel or demon/recycling process
Plastic angel or demon/recycling process
 
Carbon Stock Assessment in Banten Province and Demak, Central Java, Indonesia
Carbon Stock Assessment in Banten Province and Demak, Central Java, IndonesiaCarbon Stock Assessment in Banten Province and Demak, Central Java, Indonesia
Carbon Stock Assessment in Banten Province and Demak, Central Java, Indonesia
 
National Tree Planting Day May 2024 Nairobi
National Tree Planting Day May 2024 NairobiNational Tree Planting Day May 2024 Nairobi
National Tree Planting Day May 2024 Nairobi
 
Lab Investigation.pptxjjjjjjjjjjjjjjjjjj
Lab Investigation.pptxjjjjjjjjjjjjjjjjjjLab Investigation.pptxjjjjjjjjjjjjjjjjjj
Lab Investigation.pptxjjjjjjjjjjjjjjjjjj
 
EFFLUENT TREATMENT PLANT For PHARMA INDUSTRY
EFFLUENT TREATMENT PLANT For PHARMA INDUSTRYEFFLUENT TREATMENT PLANT For PHARMA INDUSTRY
EFFLUENT TREATMENT PLANT For PHARMA INDUSTRY
 
Impacts of agriculture on the environment.
Impacts of agriculture on the environment.Impacts of agriculture on the environment.
Impacts of agriculture on the environment.
 
poplar trees field in kurdistan region of iraq.pptx
poplar trees field in kurdistan region of iraq.pptxpoplar trees field in kurdistan region of iraq.pptx
poplar trees field in kurdistan region of iraq.pptx
 
Data analysis and findings
Data analysis and findingsData analysis and findings
Data analysis and findings
 

OHM Sponge

  • 1. We propose an oil remediation solution that is Economic Efficient Ecofriendly Vikas Nandwana CTO & Co-Founder MFNS Tech, Inc. OHM SPONGE
  • 2. Problem - Oil Spills Sources: ITOPF, USCG, NOAA, CNN, National Geographic, Elpais, Microbewiki, Greenliving
  • 3. Market Size and Opportunity 120 90 60 30 150 180 MarketSize($inBillions) The global oil spill management market is expected to reach $180 Billion by 2025. Source: Grand View Research
  • 4. Current Methods Sources: CNN, MSAR, ITOPF Dispersants In-situ Burning Skimmers Sorbents Fast Toxic for Marine Life Partial Oil Recovery Slow, Inefficient Efficient, Selective Expensive, Physical Waste Fast Carbon Emission Needs for an Ideal Solution  Cost-effective  Fast  Selective  Oil Recovery  Eco-friendly ?
  • 5. Solution : Oleophilic, Hydrophobic and Magnetic (OHM) sponge * US Patent 62/788,347 Demo - https://youtu.be/sE-1CNsBEOM Water Oil OHM Sponge Commercially Available Sponge Cost-effective Coating* A smart sponge that selectively removes/recovers oil from oil/water mixture
  • 6. Oil Absorption – Selectivity and Reusability 0 5 10 15 20 25 30 35 40 0 0.125 0.25 0.5 1 MassAbs.Capacity(g/g) Salt Concentration (M) Oil absorption capacity of OHM Sponge is not affected due to pH, salinity, or various oil types. 0 5 10 15 20 25 30 35 40 MassAbs.Capacity(g/g) 0 5 10 15 20 25 30 35 40 1 2 3 4 5 6 7 8 9 10 MassAbs.Capacity(g/g) Cycles 0 5 10 15 20 25 30 35 40 1 3 5 7 9 11 13 MassAbs.Capacity(g/g) pH Removes all types of oils At any pH (acidic or basic) Squeeze & re-use; many times! In salty or fresh waters Mass absorption capacity is based on American Standard Test Method (ASTM) 726-06 using Fisherbrand™ 19 Mechanical Pump Oil (unless otherwise specified). Oil Absorption – Selectivity and Reusability
  • 7. Commercial Crude Oil Removal with OHM Sponge Middle Eastern and South American Crude Oil Samples were kindly provided by Chevron (Courtesy – Dr Ajit Pradhan). West Texas and Azerbaijan samples were bought from onta.com. Mass absorption capacity is based on American Standard Test Method (ASTM) 726-06. 0 5 10 15 20 25 30 35 40 West Texas Blend Middle Eastern Extra Light Middle Eastern Light South American Heavy Azerbaijan Heavy MassAbsorptionCapacity(g/g) Cycle 1 Cycle 2 Cycle 3 Commercial Crude Oil Removal with OHM Sponge
  • 8. Competition and Competitive Advantages Hydrophobic Oleophilic Solution Skimmer Dispersant (Corexit) In situ Burning Sorbent OHM Sponge Cost No Yes Yes No Yes Speed No Yes Yes No Yes Reusable No No No No Yes Recovery Yes No No No Yes Selective No No Yes Yes Yes C Emission Yes Yes No Yes Yes Marine Life Yes No No Yes Yes OHM Sponge is more Economic, Efficient, and Eco-friendly than currently deployed oil spill removal solutions. Economic Efficient Eco-friendly
  • 9. Category Product Physical Waste Generated Type of oils Breadth of Use Cases Cost Recovery of Sorbent Scalable Recovery of Oil OHM Sponge Direct Competitor Organic Sorbents Inorganic Sorbents Synthetic Sorbents Continuous Boom Sorbents Loose Fiber Synthetic Sorbents Emerging Competitor Argonne Labs OLEO Sponge Carbon Nanotubes Comparison with Other Sorbents Best in category Middle in category Worst in category Comparison with Other Sorbents
  • 10. $0 $1 $2 $3 $4 $5 $6 PIG® Original Absorbent Sock ULINE Sorbent Socks PIG® Oil-Only Absorbent Mat Pad Spilltration® SpillBoa® Bales (5''X25') ULINE Sorbent Booms (5''x10') AbsorbentsOnline Oil Absorbant Boom (10') AbsorbentsOnline Oil Absorbant Boom (40') Grainger Absorbent Boom (20') ULINE Sorbent Booms (8''x10') ULINE Heavy Roll Sorbents Spilltration® SpillBoa® Bales (5''X10') ULINE Heavy Pad Sorbents ULINE Medium Roll Sorbents ULINE Medium Pad Sorbents Spill911 Sorbent Boom (10') Spill911 Sorbent Boom (20') ULINE light sorbent pads Grainger Absorbent Boom (10') Cost per Gallon of Oil Absorbed CompetitorSet OHM Sponge Actual Cost per gallon absorbed: −$𝟎𝟎.74*Cost per gallon absorbed: $𝟎𝟎. 𝟐𝟐6 Breakdown of Costs per Sorbent to Cost per Gallon of Oil Clean-up cost using OHM sponge is negative if the recovered oil price is considered. * If the recovered oil price ($1/gallon) is considered Comparison with Direct Competitors
  • 11. Business Model Value Chain We will manufacture OHM sponges from raw materials and sell them to end users for marginal profit Sponge provides competitive cost per gallon absorbed* to customers at 87.5 % margin at scale Sponge supplier Input material supplier Manufacture sponges Sell sponges to end users Environment Remediation Companies * Cost per gallon based on sponge reuse of ten times # If the recovered oil price ($1/gallon) is considered-$1 $0 $1 $2 $3 $4 CostpergallonofOilRemoved Average Market Price: $2 87% Margin $3.82 -$0.75*# $0.25* Clean-up Cost per Gallon of Oil
  • 12. OHM SPONGE An Environmental Remediation Solution Vikas Nandwana CTO & Co-Founder MFNS Tech, Inc.