1. IH2 Technology Economics Update
Pat Leung, CRI Catalyst Company, 910 Louisiana, Houston, TX 77002
ARTC Presentation
6 March 2013

2. Disclaimer
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considered by the reader. Each forward-looking statement speaks only as of the date of this presentation, 6 March 2013
Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking
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3. Main Points
• Introduce Gas Technology Institute (GTI) and CRI Catalyst (CRI)
• What is the IH2 process?
• Why does IH2 technology transform renewable fuels processing?
• IH2 process economics
• Where is IH2 in the commercial deployment?
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4. Technology Heritage - GTI Snapshot
• Not-for-profit gas research & services organization founded as IGT in 1941
• Capabilities that span the natural gas value chain
• Current focus is in diversified energy solutions
• Facilities
– 18 acre Chicago campus
– 28 specialized labs totaling 200,000 ft2
• Staff of 250
• >1,200 patents and 750 licenses
• ~500 products commercialized with partners
Offices& Labs
CRI is the partner for IH2
Pilot Scale Gasification Campus Energy & Environmental Technology Center
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5. Technology Heritage - CRI Snapshot
• Catalyst Business with 50+ year history
• Houston based global business
– Houston (One Shell Plaza)
– London (Fareham)
– Singapore (Tiong Bahru)
• Research & Technology Facilities
– Amsterdam
– Bangalore
– Houston
• Manufacturing Facilities
– US (3)
– Germany
– Belgium
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6. What is the IH2 Process?
• The IH2 process uses catalysts, hydrogen and heat to cost-effectively
convert a wide variety of biomass directly into high purity hydrocarbon
“drop in” fuels (i.e. B100) and/or high quality blend stock (e.g. >B50)
• The IH2 process takes only minutes to convert biomass to
hydrocarbons—Nature requires millions of years…
• The IH2 process can be integrated into existing refinery, mill, ethanol
plant, agricultural, or recycling operations to create higher value from
biomass than afforded by heat and electrical power sales (NA basis)
• The IH2 process is NOT Gasification/Fischer Tropsch
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7. IH2 Process (Simplified, Stand Alone)
Products
Process
Biogenic CO2
Feed
City Waste Renewable H2 4) SMR C1-C3 Gas Hi Pressure
Steam
HDO’d Vapors
Crop Residue
Distilled
2) Fluidized Bed Hydrocarbon
3) Fixed Bed
Wood/Forest
Gasoline, Jet and Diesel Range HCs
Residue Proprietary Proprietary B100 Regular Gasoline (Wood)
Catalyst Catalyst Clean Water B100 Intermediate Gasoline (Wood)
Renewable H2 Renewable H2
B60 + Diesel (Wood)
Energy Crops
340-470C 370-400C
<500psig <500psig
Fertilizer
Algae
1st Stage 2nd Stage
BioChar
1) Feed Conditioning
Sizing , Drying & Feeding
Not Gasification / Fischer Tropsch!
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8. Technology Differentiators
• Fungible, high purity hydrocarbon fuel and/or blend stock products
- Gasoline produced from wood passes ASTM specs (i.e. B100) for economy & mid octane
- Diesel produced from wood too aromatic, currently ~B60, target is to get to B100
- Diesel produced from whole algae likely B100 (in testing)
• Nearly carbon neutral*
• Feedstock flexible with high product yields (67-157 US gal/US ton MAF)
• Attractive economics (~ $2/gal for 500 dry MT/day wood feed USGC pricing)
- Low capex (only 4 major process steps, low pressure, non corrosive)
- Low opex (predominated by feedstock)
• Exothermic process with 72% - 86% bioenergy recovery (wood)
• No engineering miracles required! Ready for market
*93% - 98% GHG reduction per Professor David Shonnard at MTU: http://services.lib.mtu.edu/etd/THESIS/2012/ChemicalEng/maleche/thesis.pdf
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9. Techno-economic Analysis by NREL
• NREL (National Renewable Energy Laboratory) is a primary
laboratory of the US Department of Energy (DOE) for Renewable
Energy and Energy Efficiency research & development
• Comparing economics of different technologies on a similar set of
assumptions such as:
- nth plant
- 2000 mt of dry biomass per day
- 30-year plant life
- 40% equity financing with 10% IRR
- 60% debt financed at 8% interest rate
• MFSP (Minimum Fuel Selling Price) can then be used to assess the
cost-competitiveness of each technology
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10. IH2 Process Estimates (USGC) NREL 06/11 Basis
Installed Equipment Costs $112.6mln Operating Costs Total $1.60/gal*
4.7 Wood $71.97/dry ton
Feed
17.7 29.6 Other Op Costs: Catalyst,
36.6 1st Stage HP/ 2nd Disposal, etc.
Stage HC 5.9
Fixed Cost
6.8 Fractionation
17.3
91.31 Depreciation
HMU
2.14 Avg Income Tax
Utilities & Contingency
44.0 @ 35%
7.8 Avg ROI
*Includes $0.093/gal coproduct credit
Total Capital Investment $232.8mln
• Stand Alone/Green Field (US Gulf Coast basis)
• 2000mt/d wood (30% moisture fed, dried to 10% moisture at 1st stage)
Installed Equipment
Costs • Equipment cost - HMU is largest @ $44mln ~40% TIC
Land/Develop • Feed Stock ~55% of Operating Cost
102.7
112.6
• No subsidies, tax, RIN or carbon credits included!
Permits & S/U
• Minimum Fuel Selling Price – $0.423/L (2007) $0.465/L (2012)
Standard Project $1.60/gal $1.76/gal
Add-In's**
• Refinery Synergy w/Refinery H2 Supply
11.7 5.7
• Estimated MFSP $0.359/L (2007) $0.394/L (2012)
** Prorated Expense (10%), H O & Construction (20%), Field
$1.36/gal $1.49/gal
Expense (10%), Working Capital (10%) , Project Contingency (30%) • NREL TIC validated by KBR pointing to higher HMU cost
• Opex validated by prospective clients
http://www.osti.gov/bridge/servlets/purl/1059031/1059031.pdf
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11. IH2 Process Estimates (USGC) NREL 09/12 Basis
Installed Equipment Costs $127.5mln Operating Costs Total $1.64/gal*
4.7
Feed
Wood $71.97/dry ton
1st Stage/2nd Stage
17.7 29.6 Other Op Costs: Catalyst,
40.5 4.0 Fractionation Disposal, etc.
5.9
Fixed Cost
HMU
17.3
91.31 Depreciation
Ammonium Sulfate
2.8 Absorption/Stripping 2.14 Avg Income Tax
2.8 55.0
Utilities & Contingency Avg ROI
7.8
@ 35%
*Includes $0.1884/gal coproduct credit
Total Capital Investment $263mln
• Stand Alone/Green Field (US Gulf Coast basis)
Installed Equipment
• 2000mt/d wood (30% moisture fed, dried to 10% moisture at 1st stage)
Costs • Equipment cost - HMU is largest @ $55mln ~45% TIC
116.5
Land/Develop • Feed Stock ~55% of Operating Cost
127.5
• No subsidies, tax, RIN or carbon credits included!
Permits & S/U
• Minimum Fuel Selling Price – $0.433/L (2007) $0.476/L (2012)
Standard Project • $1.64/gal $1.80/gal
Add-In's**
• Refinery Synergy w/Refinery H2 Supply
13.2 6.3 • Estimated MFSP $0.359/L (2007) $0.394/L (2012)
$1.36/gal $1.49/gal
** Prorated Expense (10%), H O & Construction (20%), Field • KBR FEED underway (FEL-2 complete , FEL-3 underway)
Expense (10%), Working Capital (10%) , Project Contingency (30%)
• Opex validated by prospective clients
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12. IH2 Technology Deployment
• Bench Scale
– Since 02/2009 @ 0.5kg/hr
• Pilot Scale
– Since 02/2012 @ 50kg/d
– Confirmed bench scale results
– Producing fuels for EPA Registration
– Producing fuels for ASTM Qualification
– Wood derived gasoline is B100!
• Pre Commercial Scale
– BDEP for 5mt/d cellulose done
– 1st demonstration license awarded 12/2012, more expected in Q1 2013
• Commercial Scale
– KBR is CRI’s exclusive engineering partner for BDEP >330 t/d
– BDEP 500 & 1000mt/d wood (FEL-2 and -3 underway)
– Target Q1 2014 for full scale commercial deployment
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13. Commercial Timeline, Current Status
Demo Scale Units Only (11 units) Full
Lab Scale Pilot Scale
(Brownfield Construction; Date Basic Engineering Starts) Commercial
1Q10
Process
2Q10 Variables and
Semi- Wood, 5-1000mt/d
3Q10 Continuous
4Q10 Operation Crop Residues, 5-10mt/d
Construct 50kg/d
1Q11 Pilot Plant Micro Algae, 5mt/d
2Q11 Mixed Paper/OCC/Urban Wood, 5mt/d
Receive Unit
3Q11
4Q11
Shake Down
1Q12
2Q12 Continuous Pilot
Plant Operation
3Q12
Basic Engineering Began 1000m t/d
4Q12 Basic Engineering Began 500mt/d
Today 1Q13
2Q13
Basic Engineering 5mt/d
3Q13
4Q13
1Q14
Basic/Detailed
2Q14 Engineering
3Q14
4Q14 Construction
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14. Executive Summary
The IH2 technology is
– a cost-effective process developed by GTI with US Dept of Energy
co-funding that converts biomass directly to high purity hydrocarbon
fuels and/or blend stocks using proprietary catalysts
– self-sufficient and self-sustaining with little unsustainable impact on
the surrounding environment needing only transport in/out of the site
– feedstock agnostic, able to consume broad range of biomass
straight, but feed can be mixed and changed routinely without
process refinement
– NOT gasification/Fischer-Tropsch
– nearly carbon-neutral (LCA >93% GHG* reduction)
– currently in basic engineering for multiple feed demonstrations
– available exclusively from CRI
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15. Thank You
Learn more at
www.cricatalyst.com/renewables
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