PT. Bahtera Hijau Lestari Indonesia (BHLI)      CANDLENUT (KEMIRI SUNAN)             (Reutealis Trisperma)Renewable Bio-En...
PT Bahtera Hijau Lestari Indonesia Golden	  Boulevard	  Blok	  G1/12	  	   Jalan	  Pahlawan	  Seribu	   Bumi	  Serpong	  D...
KEMIRI SUNAN BACKGROUND   PT. Bahtera Hijau Lestari Indonesia
Background to bio-oils•  Candlenut (Kemiri Sunan): yields a non-food vegetable oil; conservation plant•  Vegetable oils, i...
Background   (cont’d)         PT. Bahtera Hijau Lestari Indonesia
Candlenut Characteristics}    Candlenut (Reutealis trisperma), known as      Philippine tung is a plant species of the fa...
Candlenut CharacteristicsThe Sap from the tree can be                                             Besides being used as bi...
Candlenut Development in Indonesia  }    BHLI initiated candlenut research in 2006. Significant        research and plant...
Candlenut Development in Indonesia}    Candlenut trees have been widely planted by BHLI in conjunction with several parti...
Candlenut (Kemiri Sunan) Tree Industry                                                                                    ...
Candlenut Industry Model                                                                           4 Glycerol             ...
Mill Investment Cost (IDR)  Items                                                Palm Oil            Candlenut  Machine Ca...
Related Costs (IDR) Items                                                       Palm Oil   Kemiri Sunan Upkeep Cost (IDR/H...
Candlenut – Palm Oil                                                  Palm Oil          Candlenut Fruit Productivity      ...
Stakeholder Benefits in Candlenut Industry              in Indonesian Market                   Candlenut                Bi...
CANDLENUT PROCESSINGPT. Bahtera Hijau Lestari Indonesia
CANDLENUT Nursery                             Mature tree           PT. Bahtera Hijau Lestari Indonesia
Crude Oil Processing           PT. Bahtera Hijau Lestari Indonesia
Crude Oil Processing           PT. Bahtera Hijau Lestari Indonesia
Crude Oil Processing           PT. Bahtera Hijau Lestari Indonesia
Candlenut Crude Oil Composition}    Crude oil composition:        }  Palmitic acid 10 %,        }  Stearic acid 9 %,   ...
Candlenut Crude Oil as an alternative                     Energy Resource                                           Cataly...
Candlenut Biodiesel (CBD) Test Result}    The Indonesian Spice and Crops Research Institute (BALITTRI) and BHLI have     ...
Candlenut Biodiesel Lab Result                                                                              European      ...
Candlenut Crude Oil as an alternative source      for oleo-chemical based productsCandlenut can be used as an alternative ...
FINANCIAL PROJECTIONS (10,000Ha)         PT. Bahtera Hijau Lestari Indonesia
Investment Cost Comparison in IDR Rupiah per Ha            For Candlenut vs Palm Oil           Keterangan              Kem...
Feasibility Summary for               3 Business Models for Candlenut IndustryBusiness Model                              ...
Plantation                                            Cash Flow Projection                                                ...
Crude Oil                                        Cash Flow Projection                                                     ...
Biodiesel                                               Cash Flow Projection                                              ...
AboutPT. Bahtera Hijau Lestari Indonesia (BHLI)                PT. Bahtera Hijau Lestari Indonesia
PT Bahtera Hijau Lestari Indonesia (BHLI)}    PT Bahtera Hijau Lestari Indonesia (BHLI) is an agro-industry company focus...
BHLI Management Team}    Abraham G. Pattikawa - President Director, has more than 25 years’      experience in finance, e...
BHLI Management Team (Cont.)}    Danny Suwardhani – Commissioner. Coming from a wide background in      agriculture and c...
BHLI MILESTONESPT. Bahtera Hijau Lestari Indonesia
BHLI Milestones}    Joint Cooperation with:        }    BALITTRI (Balai Penelitian Tanaman Rempah dan Aneka Tanaman Indu...
Planting of 100.000 Candlenut Trees at Jatigede   Reservoir for the Cimanuk Drainage basin               Conservation Area...
Planting of 15.000 Candlenut saplings         at Nusa Penida, Bali            PT. Bahtera Hijau Lestari Indonesia
14.500 Candlenut Saplings Planted at     Lombok in partnership withThe Mataram Forestry Research Center        PT. Bahtera...
Candlenut Trees for Land and Water           Conservation         PT. Bahtera Hijau Lestari Indonesia
FORDEF MOU Signing   PT. Bahtera Hijau Lestari Indonesia
Planting in Kupang, Timor     PT. Bahtera Hijau Lestari Indonesia
Pictures                                             	  PT. Bahtera Hijau Lestari Indonesia
Candlenut	  Trees,	  Flowers	  and	  Fruit	                     PT. Bahtera Hijau Lestari Indonesia
Candlenut	  Trees	  at	  Rock-­‐face	  Areas	        miVgaVng	  soil	  erosion	                     PT. Bahtera Hijau Lest...
Candlenut	  Seeds,	  Flower	  and	  	    Biofuel	  ExtracVon	  Trials	               PT. Bahtera Hijau Lestari Indonesia
Candlenut	  Seeds	  and	  Nursery	              PT. Bahtera Hijau Lestari Indonesia
Candlenut	  Nursery	  Ac6vi6es	             PT. Bahtera Hijau Lestari Indonesia
Crude	  Candlenut	  Oil	  	          PT. Bahtera Hijau Lestari Indonesia
Candlenut	  Biodiesel	  Trials                               	         PT. Bahtera Hijau Lestari Indonesia
CONTACT USPT. Bahtera Hijau Lestari Indonesia
Contact    PT Bahtera Hijau Lestari Indonesia                Ruko	  Golden	  Boulevard	  Blok	  G1/12	  	                 ...
THANK YOU!PT. Bahtera Hijau Lestari Indonesia
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Candlenut (ver 2.2e)

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The new super bio-feedstock that will outpace palm-oil, jatropha, and the usual suspects.

Send me an email if you wish to discuss some details. info@carbonfuture.org

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Candlenut (ver 2.2e)

  1. 1. PT. Bahtera Hijau Lestari Indonesia (BHLI) CANDLENUT (KEMIRI SUNAN) (Reutealis Trisperma)Renewable Bio-Energy for Community Empowerment PT. Bahtera Hijau Lestari Indonesia
  2. 2. PT Bahtera Hijau Lestari Indonesia Golden  Boulevard  Blok  G1/12     Jalan  Pahlawan  Seribu   Bumi  Serpong  Damai,  Tangerang,  15  M22     Telp.  (+62)  21  53160987  Fax.  (+62)  21  53160986   www.bahterahijaulestari.com   PT. Bahtera Hijau Lestari Indonesia
  3. 3. KEMIRI SUNAN BACKGROUND PT. Bahtera Hijau Lestari Indonesia
  4. 4. Background to bio-oils•  Candlenut (Kemiri Sunan): yields a non-food vegetable oil; conservation plant•  Vegetable oils, including candlenut, are used as an ingredient or component in many manufactured products (oleo-chemical industry).•  Extensive scientific studies have shown Candlenut oil viability.•  Candlenut outperforms Palm Oil on price and in various other respects. Source : wikipedia.org PT. Bahtera Hijau Lestari Indonesia
  5. 5. Background (cont’d) PT. Bahtera Hijau Lestari Indonesia
  6. 6. Candlenut Characteristics}  Candlenut (Reutealis trisperma), known as Philippine tung is a plant species of the family Euphorbiaceae and of the monotypic genus Reutealis. On The International Union for the Conservation of Nature and Natural Resources (IUCN) 2006 Red List, Candlenut is identified as a Threatened Species and it is listed as Vulnerable (VU A1cd v2.3). Currently it grows naturally in West Java (Duke, 1983).}  Optimal climate for growth is any tropical/sub- tropical area}  Grows at low to medium altitude; in West Java it is found growing at an elevation of more than 700 meters}  Height can exceed 15 meters; longevity in excess of 75 years with a tight and wide canopy, creating an umbrella effect reducing soil erosion during heavy rainfalls PT. Bahtera Hijau Lestari Indonesia
  7. 7. Candlenut CharacteristicsThe Sap from the tree can be Besides being used as bio-diesel it is also used for various industrial products. Among othersused for skin disease treatment are for varnish, paint, soap, linoleum, cloth oil,(Burkill, 1966) resin, synthetic rubber, lubricant, abrasive and a mixture for polisher, food and medicine container protector, covering wire and other metal surface as used in radio, radar, telephone and telegraph equipment (Duke, 1978) The tree can serve as a conservation plant as well as producing an alternative sustainable energy. (Jamieson & McKinney, 1935) Has a tight and wide Canopy (Canopy.org) Can be used as 1.  Fertilizer (Vossen dan Umali, 2002) 3. Insecticide (Burkill, 1966) PT. Bahtera Hijau Lestari Indonesia
  8. 8. Candlenut Development in Indonesia }  BHLI initiated candlenut research in 2006. Significant research and planting has since been made together with Government, local communities, and other social organizations. }  Registration of local varieties, licensing and endorsement from Government has been given to Candlenut: }  Registration of local Varieties è 18/PVL/2009 dated 25 May 2009 }  Decision of Minister of Agriculture for accepting Candlenut as one of 127 Commodities under Agriculture Ministry è 3599/kpts/PD.310/10/2009 dated 19 October 2009 }  Accommodating Candlenut as one of 4 Bioenergy President of RI visiting BHLI’s Booth commodities in Strategic Plan of Agricultural during a Forestry Exhibition Ministry è 30 December 2009Registration of Decision of Minister of Strategic Minister of Agriculture andlocal Varieties Agriculture Planning Minister of Public Work PT. Bahtera Hijau Lestari Indonesia
  9. 9. Candlenut Development in Indonesia}  Candlenut trees have been widely planted by BHLI in conjunction with several parties (e.g. Local Government, NGO and private orgs.) in several areas, including the following: Kuningan è 10.000 seedlings Timor è 20.000 seedlings Majalengka è 10.000 seedlings Ngawi è 15.000 seedlings Lombok è 14.500 seedlings Bekasi è 30.000 seedlings Nusa Penida, Bali è 15.000 seedlings Jakarta è 3.500 seedlings Jatigede è 100.000 seedlings Bandung è 3.000 seedlings Lombok Jatigede, West Java Ninuk, Timor Nusa Penida, Bali PT. Bahtera Hijau Lestari Indonesia
  10. 10. Candlenut (Kemiri Sunan) Tree Industry Crude Biodiesel Trans- Crude Oil Separation esterifikasi Gliserol Kemiri sunan Extraction Fruit Biogas Reaktor Fertilizer WasteKemiri Kemiri (N 6%)sunan sunan Briket (Wet (Dry SolidSeeds) Seeds) Waste Biopestisida Cattle Feed Kemiri Gasification Efficiency Fuel Consumption sunan Process in Engine (Diesel) up to 70% Shell PT. Bahtera Hijau Lestari Indonesia
  11. 11. Candlenut Industry Model 4 Glycerol Crude Oil 3 1 2 Biodiesel Seed Seedling Fertilizer Fruit Kernel Source Planting 5 Solid Biogas Waste Shell Briquette 1.  Seed source (controlled by BHLI) 2.  Plantations (BHLI/communities) 3.  Candlenut oil processing industry (BHLI/communities) 4.  Trans-esterification biodiesel (BHLI) 5.  Industrial biogas, briquettes and organic fertilizer (BHLI/communities) PT. Bahtera Hijau Lestari Indonesia
  12. 12. Mill Investment Cost (IDR) Items Palm Oil Candlenut Machine Capacity: Per Month (Ton) 18,000 45,000 Running Hours per day 20 20 Running days per Month 25 25 Machine Capacity (Ton per Hour) 30 90 Machine Investment per Ton 2,000,000,000 750,000,000 Total Crude Oil Machine Investment 60,000,000,000 67,500,000,000 N.B. The above is an indicative cost only, as of 2009. Costs for machine acquisition will obviously vary over time for any number of reasons. PT. Bahtera Hijau Lestari Indonesia
  13. 13. Related Costs (IDR) Items Palm Oil Kemiri Sunan Upkeep Cost (IDR/Ha) 5,000,000 1,170,000 Harvesting (IDR/Ton) 90,000 75,000 Transport (IDR/Ton) 100,000 100,000 Crude Oil Processing (IDR/Ton) 150,000 100,000 O/H-GA Mature Areal Planted (IDR) 2,000,000 2,000,000 Cost to Maturity (IDR/Ha) 30 – 35 Mio 20 – 22 Mio N.B. The above pricing structure reflects the probable costs as of 2009. PT. Bahtera Hijau Lestari Indonesia
  14. 14. Candlenut – Palm Oil Palm Oil Candlenut Fruit Productivity 100% 100% OER 22% 40% KER 5% - Plantation Yield Ton/Ha Year 4 9 4.5 Year 5 10 9 Year 6 14 18 Year 7 18 36 Year 8 23 54 Year 9 25 54 PT. Bahtera Hijau Lestari Indonesia
  15. 15. Stakeholder Benefits in Candlenut Industry in Indonesian Market Candlenut Biodiesel End Farmer Industry User (Per Liter) (Per Liter) Per Ha Per Liter Per Liter (compared with Diesel)Sales Rp.27.000.000,- Rp.4.500,-Cost Rp.10.750.000,- Rp.3.000,-Margin Rp.16.750.000,- Rp.1.500,-Efficiency Ratio 1:3 PT. Bahtera Hijau Lestari Indonesia
  16. 16. CANDLENUT PROCESSINGPT. Bahtera Hijau Lestari Indonesia
  17. 17. CANDLENUT Nursery Mature tree PT. Bahtera Hijau Lestari Indonesia
  18. 18. Crude Oil Processing PT. Bahtera Hijau Lestari Indonesia
  19. 19. Crude Oil Processing PT. Bahtera Hijau Lestari Indonesia
  20. 20. Crude Oil Processing PT. Bahtera Hijau Lestari Indonesia
  21. 21. Candlenut Crude Oil Composition}  Crude oil composition: }  Palmitic acid 10 %, }  Stearic acid 9 %, }  Oleic acid 12 %, }  Linoleic acid19 % and }  α-elaeostearic acid 51 %}  Solid waste by-products: }  6 % nitrogen, }  1,7 % potassium and }  0,5 % phosphor. Solid waste can be processed further into biogas and animal feed PT. Bahtera Hijau Lestari Indonesia
  22. 22. Candlenut Crude Oil as an alternative Energy Resource CatalystCandlenutCrude Oil + Methanol (Ethanol) Biodiesel + Glycerin 25 – 80 oC PT. Bahtera Hijau Lestari Indonesia
  23. 23. Candlenut Biodiesel (CBD) Test Result}  The Indonesian Spice and Crops Research Institute (BALITTRI) and BHLI have successfully used CBD in a water-pump setup (see below)}  Results of CBD test: water-pump fuel consumption: 1 liter CBD = 3 hours operation; Normal Diesel: 1 Liter = 1 hour; Jathropa Oil: 1 Liter =1.5 Hours) PT. Bahtera Hijau Lestari Indonesia
  24. 24. Candlenut Biodiesel Lab Result European Parameter Units Value Standards Density at 40oC Kg/m3 887 Low 860 Max 900 Kinematic Mm2/s 7.65 Low 3.5 Viscosity at 40oC Max 5.0 Acid Value Mg KOH/gr 0.33 Max 0.5 Free Glycerine % mass 0.008 Max 0.02 Total Glycerine % mass 0.396 Max 0.25 Ester Content % mass 96.18 Low 96.5 Iodine Value % mass 109.46 Max 120 Angka Mg KOH/gr 198.27 - Penyabunan (Saponification) The result meets European Standards in key areas PT. Bahtera Hijau Lestari Indonesia
  25. 25. Candlenut Crude Oil as an alternative source for oleo-chemical based productsCandlenut can be used as an alternative to Palm Oil in Oleo-chemical productsOleo-chemical Industry:Soaps and detergents, surfactants, metallic soaps, fatty alcohols, plastic and rubberproducts, candles and crayons, cosmetics and toiletries, synthetic lubricant and cuttingoils, food emulsifiers, pharmaceuticals, varnish, paint and also biodiesel. Soap made from Candlenut Crude Oil PT. Bahtera Hijau Lestari Indonesia
  26. 26. FINANCIAL PROJECTIONS (10,000Ha) PT. Bahtera Hijau Lestari Indonesia
  27. 27. Investment Cost Comparison in IDR Rupiah per Ha For Candlenut vs Palm Oil Keterangan Kemiri Minyak Kelapa SawitLC 5,423,058 5,423,058ID 3,192,459 5,457,054TBM<1 4,468,250 5,711,280TBM 1 3,641,161 8,296,791TBM 2 4,014,351 9,576,429 Total Investasi 20,739,279 34,464,612TM 1 4,723,624 10,281,346TM 2 4,103,131 10,281,346TM 3 4,905,965 10,281,346TM >4 5,637,187 10,281,346 Average 4,842,477 10,281,346Bangunan & Kendaraan Tahun 1 1,783,829 1,819,655 Tahun 2 1,783,829 1,819,655 Tahun 3 1,189,219 1,209,103 Tahun 4 1,189,219 1,209,103 Total Biaya Bangunan & Kendaraan 5,946,097 6,057,516 PT. Bahtera Hijau Lestari Indonesia
  28. 28. Feasibility Summary for 3 Business Models for Candlenut IndustryBusiness Model Plantation Pressing Process Biodiesel ReactorOutput  (Sales  Product) Biji  Kemiri  Minyak Crude  Oil Biodiesel GlyserolAreal  Planted  (All  Inti) 10.000  Ha 10.000  Ha 10.000  HaPressing  Machine × √ √Biodiesel  Reactor  Machine × × √Total  Financing  (Non  Interest  Bearing) 400,000,000,000 450,000,000,000 1,000,000,000,000Financial  Feasibility  Result: NPV 1,347,738,893,327 1,998,854,660,204 5,106,543,529,358 IRR 39.93% 44.43% 48.11% Payback  Period 7  Years  9  Months 7  Years  5  Months 7  Years  1  Months PT. Bahtera Hijau Lestari Indonesia
  29. 29. Plantation Cash Flow Projection (Indonesian Rp.000) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10BEGINNING CASH BALANCE - 176,103,852 174,443,273 124,830,580 63,575,058 9,019,491 8,056,242 144,741,484 471,168,901 1,033,023,234OPERATING CASH FLOWCash In-flow from Operation KS Fruit Sales - - - 6,368,625 38,975,985 112,640,597 229,786,817 441,190,689 703,147,661 860,652,736Total Cash In-flow - - - 6,368,625 38,975,985 112,640,597 229,786,817 441,190,689 703,147,661 860,652,736Cash Out-flow for Operation Upkeep Cost KS(>Year 5) - - - 6,526,628 33,841,089 71,867,788 83,126,406 102,467,207 126,154,757 140,939,501 G/A Overhead Cost 2,560,302 10,892,205 16,029,931 7,245,444 10,021,238 12,171,841 9,975,169 12,296,065 15,138,571 16,912,740Total Cash Out-flow 2,560,302 10,892,205 16,029,931 13,772,072 43,862,326 84,039,629 93,101,575 114,763,272 141,293,327 157,852,242Net Operating Cash Flow (2,560,302) (10,892,205) (16,029,931) (7,403,447) (4,886,341) 28,600,968 136,685,242 326,427,417 561,854,333 702,800,495Capital Expenditures Total Investment Cost KS 17,552,017 73,849,229 106,339,080 38,986,833 38,966,251 23,618,120 - - - - Infrastructure 1,783,829 8,919,146 17,243,681 14,865,243 10,702,975 5,946,097 - - - - Land Acquisition 2,000,000 8,000,000 10,000,000 - - - - - - -Total Capex 21,335,846 90,768,375 133,582,761 53,852,076 49,669,226 29,564,217 - - - -FREE CASH FLOW (23,896,148) (101,660,579) (149,612,693) (61,255,523) (54,555,567) (963,249) 136,685,242 326,427,417 561,854,333 702,800,495FINANCING CASH FLOWSources of Funds: 400,000,000 - - - - - Equity 100% 200,000,000 100,000,000 100,000,000 - - - - - - - Bank Loan 0% - - - - - - - - - -Total Cash Injection 200,000,000 100,000,000 100,000,000 - - - - - - -Disbursement of Funds: Bank Loan Principal Payment - - - - - - - - - - Bank Loan Interest Expense - - - - - - - - - -Total Disbursement - - - - - - - - - -FINANCING CASH FLOW 200,000,000 100,000,000 100,000,000 - - - - - - -ENDING CASH BALANCE 176,103,852 174,443,273 124,830,580 63,575,058 9,019,491 8,056,242 144,741,484 471,168,901 1,033,023,234 1,735,823,729NPV Project 1,347,738,893IRR Project 39.93%Pay Back Period 7 Years 9 Months
  30. 30. Crude Oil Cash Flow Projection (Indonesian Rp.000) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10BEGINNING CASH BALANCE - 201,103,852 211,943,273 106,580,580 47,444,770 5,861,844 42,389,525 255,556,266 728,828,162 1,524,715,882OPERATING CASH FLOWCash In-flow from Operation Crude Oil Sales - - - 11,162,582 68,315,000 197,430,349 402,757,912 773,295,191 1,232,439,211 1,508,505,595Total Cash In-flow - - - 11,162,582 68,315,000 197,430,349 402,757,912 773,295,191 1,232,439,211 1,508,505,595Cash Out-flow for Operation Upkeep Cost KS(>Year 5) - - - 6,526,628 33,841,089 71,867,788 83,126,406 102,467,207 126,154,757 140,939,501 Crude Oil Processing Cost - - - 2,387,718 14,612,834 42,231,091 86,151,425 165,410,736 263,623,361 322,674,994 G/A Overhead Cost 2,560,302 10,892,205 16,029,931 7,531,971 11,774,778 17,239,572 20,313,340 32,145,353 46,773,374 55,633,739Total Cash Out-flow 2,560,302 10,892,205 16,029,931 16,446,316 60,228,701 131,338,450 189,591,171 300,023,296 436,551,491 519,248,234Net Operating Cash Flow (2,560,302) (10,892,205) (16,029,931) (5,283,735) 8,086,299 66,091,899 213,166,741 473,271,895 795,887,720 989,257,360Capital Expenditures Total Investment Cost KS 17,552,017 73,849,229 106,339,080 38,986,833 38,966,251 23,618,120 - - - - Infrastructure 1,783,829 8,919,146 17,243,681 14,865,243 10,702,975 5,946,097 - - - - Land Acquisition 2,000,000 8,000,000 10,000,000 - - - - - - - Machinery - - 68,250,000 - - - - - - -Total Capex 21,335,846 90,768,375 201,832,761 53,852,076 49,669,226 29,564,217 - - - -FREE CASH FLOW (23,896,148) (101,660,579) (217,862,693) (59,135,810) (41,582,927) 36,527,682 213,166,741 473,271,895 795,887,720 989,257,360FINANCING CASH FLOWSources of Funds: 450,000,000 - - - - - Equity 100% 225,000,000 112,500,000 112,500,000 - - - - - - - Bank Loan 0% - - - - - - - - - -Total Cash Injection 225,000,000 112,500,000 112,500,000 - - - - - - -Disbursement of Funds: Bank Loan Principal Payment - - - - - - - - - - Bank Loan Interest Expense - - - - - - - - - -Total Disbursement - - - - - - - - - -FINANCING CASH FLOW 225,000,000 112,500,000 112,500,000 - - - - - - -ENDING CASH BALANCE 201,103,852 211,943,273 106,580,580 47,444,770 5,861,844 42,389,525 255,556,266 728,828,162 1,524,715,882 2,513,973,242NPV Project 1,998,854,660IRR Project 44.43%Pay Back Period 7 Years 5 Months
  31. 31. Biodiesel Cash Flow Projection (Indonesian Rp.000) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10BEGINNING CASH BALANCE - 476,103,852 624,443,273 56,580,580 8,124,690 31,902,875 257,324,170 855,833,880 2,068,964,277 4,044,001,485OPERATING CASH FLOWCash In-flow from Operation BioDiesel Sales - - - 25,245,000 154,499,400 446,503,266 910,866,663 1,748,863,992 2,787,251,988 3,411,596,433 Glycerine Sales - - - 608,868 3,726,273 10,768,928 21,968,613 42,179,738 67,223,957 82,282,123Total Cash In-flow - - - 25,853,868 158,225,673 457,272,194 932,835,276 1,791,043,730 2,854,475,945 3,493,878,556Cash Out-flow for Operation Upkeep Cost KS(>Year 5) - - - 6,526,628 33,841,089 71,867,788 83,126,406 102,467,207 126,154,757 140,939,501 Crude Oil Processing Cost - - - 2,387,718 14,612,834 42,231,091 86,151,425 165,410,736 263,623,361 322,674,994 Biodiesel Processing Cost - - - 3,581,577 21,919,251 63,346,636 129,227,138 248,116,104 395,435,041 484,012,490 G/A Overhead Cost 2,560,302 10,892,205 16,029,931 7,961,760 14,405,088 24,841,168 35,820,596 61,919,286 94,225,579 113,715,238Total Cash Out-flow 2,560,302 10,892,205 16,029,931 20,457,682 84,778,262 202,286,683 334,325,565 577,913,333 879,438,737 1,061,342,223Net Operating Cash Flow (2,560,302) (10,892,205) (16,029,931) 5,396,186 73,447,411 254,985,511 598,509,711 1,213,130,397 1,975,037,207 2,432,536,333Capital Expenditures Total Investment Cost KS 17,552,017 73,849,229 106,339,080 38,986,833 38,966,251 23,618,120 - - - - Infrastructure 1,783,829 8,919,146 17,243,681 14,865,243 10,702,975 5,946,097 - - - - Land Acquisition 2,000,000 8,000,000 10,000,000 - - - - - - - Machinery - - 668,250,000 - - - - - - -Total Capex 21,335,846 90,768,375 801,832,761 53,852,076 49,669,226 29,564,217 - - - -FREE CASH FLOW (23,896,148) (101,660,579) (817,862,693) (48,455,890) 23,778,185 225,421,294 598,509,711 1,213,130,397 1,975,037,207 2,432,536,333FINANCING CASH FLOWSources of Funds: 1,000,000,000 - - - - - Equity 100% 500,000,000 250,000,000 250,000,000 - - - - - - - Bank Loan 0% - - - - - - - - - - Total Cash Injection 500,000,000 250,000,000 250,000,000 - - - - - - -Disbursement of Funds: Bank Loan Principal Payment - - - - - - - - - - Bank Loan Interest Expense - - - - - - - - - -Total Disbursement - - - - - - - - - -FINANCING CASH FLOW 500,000,000 250,000,000 250,000,000 - - - - - - -ENDING CASH BALANCE 476,103,852 624,443,273 56,580,580 8,124,690 31,902,875 257,324,170 855,833,880 2,068,964,277 4,044,001,485 6,476,537,817NPV Project 5,106,543,529IRR Project 48.11%Pay Back Period 7 Years 1 Months
  32. 32. AboutPT. Bahtera Hijau Lestari Indonesia (BHLI) PT. Bahtera Hijau Lestari Indonesia
  33. 33. PT Bahtera Hijau Lestari Indonesia (BHLI)}  PT Bahtera Hijau Lestari Indonesia (BHLI) is an agro-industry company focussed on Bio-renewable Energy. Since 2006, BHLI has intensively researched Candlenut (Reutealis Trisperma BLANCO, Kemiri Sunan).}  In 2008, BHLI has planted more than 60.000 Candlenut trees in West Java, Indonesia. These plantings are in line with Government Land Rehabilitation programs under Agricultural Department of Republic of Indonesia directives.}  In 2009, BHLI has signed a Joint Agreement with BALITTRI (http://balittri.litbang.deptan.go.id/) for ongoing research.}  Currently, BHLI has its own nurseries of more than 300.000 trees in West Java, Indonesia, thus allowing for widespread planting.}  BHLI has been also developing its seedling plantation in Subang, West Java; from here it can supply seedlings for more than 100.000 Ha per year.}  For Land conservation purposes, BHLI has signed a Joint Agreement with several parties (Local Government, NGO and private) for distributing and planting more than 220.000 seeds to the following areas: Kuningan è 10.000 seeds Timor è 20.000 seeds Majalengka è 10.000 seeds Ngawi è 15.000 seeds Lombok è 14.500 seeds Bekasi è 30.000 seeds Nusa Penida, Bali è 15.000 seeds Jakarta è 3.500 seeds Jatigede è 100.000 seeds Bandung è 3.000 seeds PT. Bahtera Hijau Lestari Indonesia
  34. 34. BHLI Management Team}  Abraham G. Pattikawa - President Director, has more than 25 years’ experience in finance, especially for project financing and restructuring of companies in the palm oil plantation, Wood, Pulp and Paper industry.}  Hendru Widjaja - Director, has been in the Palm Oil Industry for more than 25 years. He has successfully established and managed 100,000 Ha palm-oil estate plantations in Kalimantan Province, Indonesia. Prior to joining the team he was COO of a major Palm Oil Plantation Company.}  Imran Ma’aroef – Director. For more than 30 years in the field of Inti-Plasma Oil Palm Plantation and other Plantation business in Indonesia, Imran was previously a Senior Officer in the Directorate-General of Agriculture, Indonesia.}  Andreas Andrianto Wijaya – President Commissioner, Andy has extensive experience in various industries such as the shoe industry, Textiles, aluminum and trading agricultural products, particularly cotton plants. PT. Bahtera Hijau Lestari Indonesia
  35. 35. BHLI Management Team (Cont.)}  Danny Suwardhani – Commissioner. Coming from a wide background in agriculture and community programs, Danny brings considerable knowledge and skills in these areas to the team.}  Ross Blackman, M.Sc. – International Advisor, has been Country Manager in establishing Nike’s Korean operations in the 70s. For the past years, Ross has been involved in Renewable Energy technology development and resources trading in the South-East Asian region.}  Walter Tonetto, Ph.D – International Advisor, is a Former Visiting Professor in The University of Tokyo and Waseda University. More recently he has been the Regional Representative (South-East Asia) of The Agency for Green Technology. PT. Bahtera Hijau Lestari Indonesia
  36. 36. BHLI MILESTONESPT. Bahtera Hijau Lestari Indonesia
  37. 37. BHLI Milestones}  Joint Cooperation with: }  BALITTRI (Balai Penelitian Tanaman Rempah dan Aneka Tanaman Industri) - Department of Agriculture }  Department of Forestry (Balai Penelitian Kehutanan – Forestry Research Institute) }  Gapoktan - Farmer Cell Group}  Member of FORDEF (Forestry Research and Development Forum) – Forum Litbang Kehutanan}  Planting sponsorship of 100.000 Candlenut saplings at Jatigede Reservoir for the Cimanuk Drainage basin Conservation Area}  Trial Use of Biodiesel made from Candlenut from Sukabumi to Solo (return trip) PT. Bahtera Hijau Lestari Indonesia
  38. 38. Planting of 100.000 Candlenut Trees at Jatigede Reservoir for the Cimanuk Drainage basin Conservation Area PT. Bahtera Hijau Lestari Indonesia
  39. 39. Planting of 15.000 Candlenut saplings at Nusa Penida, Bali PT. Bahtera Hijau Lestari Indonesia
  40. 40. 14.500 Candlenut Saplings Planted at Lombok in partnership withThe Mataram Forestry Research Center PT. Bahtera Hijau Lestari Indonesia
  41. 41. Candlenut Trees for Land and Water Conservation PT. Bahtera Hijau Lestari Indonesia
  42. 42. FORDEF MOU Signing PT. Bahtera Hijau Lestari Indonesia
  43. 43. Planting in Kupang, Timor PT. Bahtera Hijau Lestari Indonesia
  44. 44. Pictures  PT. Bahtera Hijau Lestari Indonesia
  45. 45. Candlenut  Trees,  Flowers  and  Fruit   PT. Bahtera Hijau Lestari Indonesia
  46. 46. Candlenut  Trees  at  Rock-­‐face  Areas   miVgaVng  soil  erosion   PT. Bahtera Hijau Lestari Indonesia
  47. 47. Candlenut  Seeds,  Flower  and     Biofuel  ExtracVon  Trials   PT. Bahtera Hijau Lestari Indonesia
  48. 48. Candlenut  Seeds  and  Nursery   PT. Bahtera Hijau Lestari Indonesia
  49. 49. Candlenut  Nursery  Ac6vi6es   PT. Bahtera Hijau Lestari Indonesia
  50. 50. Crude  Candlenut  Oil     PT. Bahtera Hijau Lestari Indonesia
  51. 51. Candlenut  Biodiesel  Trials   PT. Bahtera Hijau Lestari Indonesia
  52. 52. CONTACT USPT. Bahtera Hijau Lestari Indonesia
  53. 53. Contact PT Bahtera Hijau Lestari Indonesia Ruko  Golden  Boulevard  Blok  G1/12     Jalan  Pahlawan  Seribu   Bumi  Serpong  Damai,  Tangerang,  15322     www.bahterahijaulestari.com   }  Ross Blackman: ross@bahterahijaulestari.com }  or }  Walter Tonetto: walter@bahterahijaulestari.com PT. Bahtera Hijau Lestari Indonesia
  54. 54. THANK YOU!PT. Bahtera Hijau Lestari Indonesia

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