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Rivertop Mike Knauf ablc next 2014
- 1. Novel Chemicals™ Commercializing the first novel products from Rivertop’s sugar acid platform Mike Knauf, CEO ABLC Next November 10, 2014 1
- 2. November 10, 2014ABLC Next2 RIVERTOP > Versatile chemical oxidation technology for producing novel chemicals from renewable feedstocks. First to bring a low cost supply of glucaric acid to the market. HO OH OH OH OH O OH O HO O HO OH OH OH
- 3. RIVERTOP’S PLATFORM TECHNOLOGY November 10, 2014ABLC Next Same process, multiple products possible 3
- 4. VENTURE FUNDING April 2014 – First Major Financing • Raised a total of $26 million • Two main investors November 10, 2014ABLC Next4 Major Milestones • Build first commercial scale plant – 1st Generation production technology – Commercial sales mid-2015 • Demonstrate 2nd Generation process – Design and build continuous flow pilot – Generate data to build 2nd Generation production facility • Build Commercial Team
- 5. RIVERTOP’S 3-S STRATEGIC PRIORITIES November 10, 2014ABLC Next Manufacturing scale = Cost attractiveness Scale Scale Standardization Standardization Standardization Standardization Standardization Speed to scale + Speed to market Become industry standard across chosen end markets 5
- 6. November 10, 2014ABLC Next6
- 7. RIVERTOP MARKETS AND COMMERCIAL APPROACH November 10, 2014ABLC Next Cost Attractiveness Technical Performance Customization Supply Access & AvailabilitySustainability Platform Versatility De-icing – corrosion inhibition Consumer detergents Industrial & institutional cleaning Paint additives Food & beverage Partnering Oil & gas 7
- 8. November 10, 2014ABLC Next8 0 50 100 150 200 250 300 350 pH 11 mgCaCO3/gSequesteringAgent MGDASTPP Riose® Citrate O Al O HO HO O O O O HO HO Ca2+ Detergent builder for automatic dishwashing formulations
- 9. AUTO DISH PERFORMANCE November 10, 2014ABLC Next Test formulation w/ Riose® detergent builder Current Commercial Formulations 9 Video
- 10. November 10, 2014ABLC Next Anti-icing reduces salt usage 3x-7x! 10 Corrosion inhibitors for road brine deicers/anti-icers
- 11. SALT BRINING OPERATIONS AND THE PUBLIC BENEFIT FROM USE OF CORROSION INHIBITORS November 10, 2014ABLC Next11
- 12. November 10, 2014ABLC Next Uninhibited brine Brine w/ 3.5% Headwaters® corrosion inhibitor Coupon cleaning Coupon cleaning 70+% reduction in corrosion 12
- 13. RIVERTOP’S BREAKTHROUGH: SUGAR ACID PRODUCTION COST AND SCALABILITY ABLC Next One-pot oxidation + no NOx release = Low-cost process Rivertop Process NOx Nitric Acid Oxygen NOx Nitric Acid NOx Conventional Process Sustainable • Catalytic closed-loop • 95% nitric recycled • Feedstock flexible Cost Savings • 35% on raw materials • 30-50% on plant capital • Reduced permitting costs Scalable • Proven at pilot scale • Standard equipment November 10, 201413
- 14. RAPID PATH TO COMMERCIAL PRODUCTION Demonstrated process scalability • Produced 7,700 lb of glucarate product w/DTI (Danville, VA) in 2012 • Leveraged DTI expertise in oxidation chemistry First commercial scale plant under development • 8 MM lb annual glucarate capacity for less than $1 CapEx per lb of output • Option to expand production capacity November 10, 2014ABLC Next Leveraging low capital cost and contract manufacturing partners to achieve scale 14
- 15. Pilot Campaign 7,700 lb MANUFACTURING BUILD-OUT STRATEGY November 10, 2014ABLC Next 2010 2011 2012 2013 2014 2015 2016 2017 1st Gen Process Lab Scale Demonstration 1 kg/batch 1st Commercial Plant 8-10 MM lb/year Semi-Works Design 2013 2014 2015 2016 2017 20182nd Gen Process Semi-Works Online World Scale Plant ~100 MM lb/year 15 117,000 lb/year $ 2nd Commercial Plant Capacity TBD
- 16. Novel Chemicals™ THANK YOU! mike.knauf@rivertop.com November 10, 2014 ABLC Next Scale Scale Standardization Standardization Standardization Standardization Standardization