This presentation was given by Ulupono Initiative's General Partner Kyle Datta at the 2012 Asia Pacific Clean Energy Summit in Honolulu, Hawaii. It highlights the steps to consider when financing bioenergy projects in Hawaii.

1. Financing Renewables

2. Our Mission
Ulupono Initiative is an impact
investment firm working to improve
the quality of life for Hawai‘i residents
in three areas:
More renewable energy
More locally produced food
Less waste

3. Investment Criteria

4. Financing Biofuels
Feedstock Conversion Offtake
 Long-Term Supply  Proven Technology  Duration
 Price Certainty  Process Warranties  Hedged > Volatile
 Logistics  Cost/Gallon  Multiple Income
Streams
Sustainable?
Risks Mitigated? Creditworthy?
Consistent Government Policy?

5. Hawai‘i: First Commercial Facilities
for Next Generation Biofuels
Why Hawai‘i? Hawai‘i Commercial Activity
 High Feedstock Productivity Buyers:
 Very High Energy Cost
 Favorable Crack Spread to
Capital Ratio
 Strategic Vulnerability
 Intellectual Property Protection Sellers:
 Societal Consensus
 Business, Military and
Government Commitment

6. Mobilizing Billions of Capital
Petroleum Biofuels
 Individual Well 1,000 bbl/day =  3,000 acres Algae
 Oil Field 1 mm bbl/day =  260 mm tons Forest + Agriculture
residues (40% of US total)
 Oil Refinery 0.1-1 mm bbl/day =  0.1 mm bbl/day Biorefinery =
$10 billion dollars

7. Mobilizing Billions of Capital
Petroleum Biofuels
 Individual Well 1,000 bbl/day =  3,000 acres Algae
 Oil Field 1 mm bbl/day =  260 mm tons Forest + Agriculture
residues (40% of US total)
 Oil Refinery 0.1-1 mm bbl/day =  0.1 mm bbl/day Biorefinery =
$10 billion dollars