Making Renewable Fuel by Carbon
           Recycling

By: K-C Tran
CEO and Co-founder, Carbon Recycling International
Fulbright US Iceland Partnership Award Recipient




  “Emission Reduction, Energy Storage and Sustainability”
CO2 as Feedstock


           • Greenhouse Gas Emissions
              – World temperature rise – ~ 0.6 oC
              – CO2 concentration rise – ~180 ppm
              – Source of CO2 – primarily from energy production

            • Energy Resources
               – Fossil Fuel Limits
                   o Forms 86% of world’s primary energy sources
                   o R/P ratios in years: Oil (40), Natural Gas (55), Coal (137)
               – Infrastructure and Technology Limits
                   o Off peak and off grid energy capture
                   o Stranded renewable energy sources: wind, geothermal,
                     tidal, and biomass


                                                                            2
Sources of Energy

             • Response
                – Renewable Energy Directives
                – Biofuel and green energy targets
                – Off peak pricing strategies

             • Implementation
                – Renewable energy (geothermal, wind, solar etc.)
                – Alternative fuels and flexible Fuel vehicles
                – Off peak house hold use of energy

             • Challenges
                – Wind energy penetration in to grid
                – Biomass and food production competition


                                                                3
Innovation Incentives
             • Response
                – Kyoto Protocol
                – EU ETS and UN FCCC – JI and CDM
                – UK and California Regulations on Carbon Dioxide

             • Implementation
                – Flexible fuel, hybrid and electric cars
                – Efficiency projects
                – CO2 sequestration and Reuse

             • Challenges
                – Policy disagreements - US, China and India
                – Technology uncertainty


                       Carbon RecyclingInternational                4
Making Fuel by Recycling Carbon


   Stranded
   Energy




   CO2
                             Patented
                                                        Liquid Fuels
                                                  • Renewable Methanol


   Water
                 Reuse of Carbon Dioxide from Industrial Emissions
                 as Feedstock for Renewable Fuels
                  Carbon RecyclingInternational                          5
Energy in Iceland

 Energy Consumption in Iceland by source – in GWe (2006)




                                                Source: statice.is, Ministry of energy

 4/14/2010              Carbon RecyclingInternational
                          Carbon Recycling International                                 6
CO2 in Iceland




                                                                                     Industrial Processes consists of:
                                                                                     • Aluminum (3)
                                                                                     • Ferrosilicon (1)
                                                                                     • Cement (1)




             Iceland CO2 emissions by sector, 2007



 Carbon Recycling International                      Carbon RecyclingInternational                                       7
CO2 to Fuel Process




                                                  Five building blocks :

                                                  1.   H2 production
                                                  2.   CO2 capture and purification
                                                  3.   Syngas compression
                                                  4.   Methanol synthesis
                                                  5.   Methanol distillation
                  Carbon RecyclingInternational                                       8
A Clean Fuel

    Less Fossil Energy In, Less CO2 Out, Same Distance Out
                                                                                                   164 g
                                    95 octane gasoline                                              CO2

          2.14
                                                                                                1 km
           MJ


                                                                                  Vehicles
                                                                                                 148 g
                                                                                                  CO2
                                    95 octane RM10

        1.9 MJ                                                                                 1 km


                                                                                 Vehicles

Sources:
•   Well to Wheel Analysis of future automotive fuels and power trains in the European Context, EC JRC, EUCAR,
    CONCAWE (2007)
•   CRI – Well to Wheels report (2009)


                                          Carbon RecyclingInternational
Corporate History

                                                                     Proof of Process
           Incorporation         2006                                Pilot Scale Plant
                                                         2007        Emissions To Liquids 1st Generation Patent
                                                                     Pre-Feasibility studies for large scale plants
                                                                     Seed financing



Environmental permits
Power Purchase Contract
Enginering Company Partnership
Basic Design                            2008
Business model validation
                                                                                                   2009


                                                            Site permits
                                                            Oil of Iceland Fuel Off-take Contract
               2010                                         Grant - Iceland Research Council
                                                            Emissions to Liquids 2nd Generation Patent
                                                            Private Placement for Industrial Scale Plant
             Construction of Industrial                     Ground Break for Industrial Scale Plant
             Scale Plant

                                          Carbon RecyclingInternational                                               10
Scaling Up Milestones


                                                                  50 M liters


                               5 M liters

     .05 M liters




                                   2010                                2013
          2007

          PSP                        ISP                               CSP 1-3


   PSP: Pilot Scale Plant   ISP: Industrial Scale Plant          CSP: Commercial Scale Plant


                                 Carbon RecyclingInternational                                 11
Construction Readiness of ISP Plant

   Technical and Economic Feasibility studies

   Patents and Applications

   Construction Agreement

   Feedstock Agreements

   Fuel Off Take Agreement

   Basic Design

   Permits and Licenses


                          Carbon RecyclingInternational   12
Plant On Line – 01/01/2011

                                               CSP-1




         ISP




               Carbon RecyclingInternational           13
Fuel for Iceland
                                   Ex-Works CRI




                   Carbon RecyclingInternational   14
  TD
Next Steps

1. Sales
   • Operation of Industrial Plant 1/ 2011
   • Export to UK and US

2. Opportunities
   • Wind energy: US and Canada
   • Geothermal: Hawaii, New Zealand,
     and the Philippines

2. Growth Strategy
   • Feedstock and Fuel Off-take
   • Site Permits and Finance


                       Carbon RecyclingInternational   15
At Carbon Recycling International

       •   Be a Leader in Making Profitable
           Renewable Methanol by Recycling
           Carbon from Industrial Emissions


       •   Advance Technology for Cleaning
           Carbon Dioxide and Storing Intermittent
           Energy


       •   Employ Highly Skilled Green Work Force




       •   Work with Long Term Partners for
           Technology, Sales and Distribution


                          Carbon RecyclingInternational   16
takk fyrir



  Carbon RecyclingInternational   17

Making Renewable Fuel by Carbon Recycling - KC Tran - Carbon Recycling International - April 2010

  • 1.
    Making Renewable Fuelby Carbon Recycling By: K-C Tran CEO and Co-founder, Carbon Recycling International Fulbright US Iceland Partnership Award Recipient “Emission Reduction, Energy Storage and Sustainability”
  • 2.
    CO2 as Feedstock • Greenhouse Gas Emissions – World temperature rise – ~ 0.6 oC – CO2 concentration rise – ~180 ppm – Source of CO2 – primarily from energy production • Energy Resources – Fossil Fuel Limits o Forms 86% of world’s primary energy sources o R/P ratios in years: Oil (40), Natural Gas (55), Coal (137) – Infrastructure and Technology Limits o Off peak and off grid energy capture o Stranded renewable energy sources: wind, geothermal, tidal, and biomass 2
  • 3.
    Sources of Energy • Response – Renewable Energy Directives – Biofuel and green energy targets – Off peak pricing strategies • Implementation – Renewable energy (geothermal, wind, solar etc.) – Alternative fuels and flexible Fuel vehicles – Off peak house hold use of energy • Challenges – Wind energy penetration in to grid – Biomass and food production competition 3
  • 4.
    Innovation Incentives • Response – Kyoto Protocol – EU ETS and UN FCCC – JI and CDM – UK and California Regulations on Carbon Dioxide • Implementation – Flexible fuel, hybrid and electric cars – Efficiency projects – CO2 sequestration and Reuse • Challenges – Policy disagreements - US, China and India – Technology uncertainty Carbon RecyclingInternational 4
  • 5.
    Making Fuel byRecycling Carbon Stranded Energy CO2 Patented Liquid Fuels • Renewable Methanol Water Reuse of Carbon Dioxide from Industrial Emissions as Feedstock for Renewable Fuels Carbon RecyclingInternational 5
  • 6.
    Energy in Iceland Energy Consumption in Iceland by source – in GWe (2006) Source: statice.is, Ministry of energy 4/14/2010 Carbon RecyclingInternational Carbon Recycling International 6
  • 7.
    CO2 in Iceland Industrial Processes consists of: • Aluminum (3) • Ferrosilicon (1) • Cement (1) Iceland CO2 emissions by sector, 2007 Carbon Recycling International Carbon RecyclingInternational 7
  • 8.
    CO2 to FuelProcess Five building blocks : 1. H2 production 2. CO2 capture and purification 3. Syngas compression 4. Methanol synthesis 5. Methanol distillation Carbon RecyclingInternational 8
  • 9.
    A Clean Fuel Less Fossil Energy In, Less CO2 Out, Same Distance Out 164 g 95 octane gasoline CO2 2.14 1 km MJ Vehicles 148 g CO2 95 octane RM10 1.9 MJ 1 km Vehicles Sources: • Well to Wheel Analysis of future automotive fuels and power trains in the European Context, EC JRC, EUCAR, CONCAWE (2007) • CRI – Well to Wheels report (2009) Carbon RecyclingInternational
  • 10.
    Corporate History Proof of Process Incorporation 2006 Pilot Scale Plant 2007 Emissions To Liquids 1st Generation Patent Pre-Feasibility studies for large scale plants Seed financing Environmental permits Power Purchase Contract Enginering Company Partnership Basic Design 2008 Business model validation 2009 Site permits Oil of Iceland Fuel Off-take Contract 2010 Grant - Iceland Research Council Emissions to Liquids 2nd Generation Patent Private Placement for Industrial Scale Plant Construction of Industrial Ground Break for Industrial Scale Plant Scale Plant Carbon RecyclingInternational 10
  • 11.
    Scaling Up Milestones 50 M liters 5 M liters .05 M liters 2010 2013 2007 PSP ISP CSP 1-3 PSP: Pilot Scale Plant ISP: Industrial Scale Plant CSP: Commercial Scale Plant Carbon RecyclingInternational 11
  • 12.
    Construction Readiness ofISP Plant Technical and Economic Feasibility studies Patents and Applications Construction Agreement Feedstock Agreements Fuel Off Take Agreement Basic Design Permits and Licenses Carbon RecyclingInternational 12
  • 13.
    Plant On Line– 01/01/2011 CSP-1 ISP Carbon RecyclingInternational 13
  • 14.
    Fuel for Iceland Ex-Works CRI Carbon RecyclingInternational 14 TD
  • 15.
    Next Steps 1. Sales • Operation of Industrial Plant 1/ 2011 • Export to UK and US 2. Opportunities • Wind energy: US and Canada • Geothermal: Hawaii, New Zealand, and the Philippines 2. Growth Strategy • Feedstock and Fuel Off-take • Site Permits and Finance Carbon RecyclingInternational 15
  • 16.
    At Carbon RecyclingInternational • Be a Leader in Making Profitable Renewable Methanol by Recycling Carbon from Industrial Emissions • Advance Technology for Cleaning Carbon Dioxide and Storing Intermittent Energy • Employ Highly Skilled Green Work Force • Work with Long Term Partners for Technology, Sales and Distribution Carbon RecyclingInternational 16
  • 17.
    takk fyrir Carbon RecyclingInternational 17