Aggregating capital

146 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
146
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Aggregating capital

  1. 1. !"#$#%&(&%)*+,-..+&.$/#.0$1")$2 3*+(%$2&415+*6&%)7 Cindy Thyfault, Founder and CEO Pacific 2012 International Maritime Conference Sustainable Maritime Fuels Sydney, Australia February 1, 2012
  2. 2. !"#$#%&()%*+,&-.%#*•! !"#$"%#&()*#+,-$•! ./"#+,0#/,1$#/2+3!44($,5/%6#+•! 7%()5#8+9%/-/:#;,$5:,5$#+3<%+=+•! >?;?9%/-/:%/@A$(@$-0+•! ./,#$/-6(/-89%/-/:%/@!44($,5/%6#+•! !,B#$./,#$/-6(/-8A$(@$-0+
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
  4. 4. 75+%/#++2#"#8(40#/,+#$"%:#+%/:852#G!-%%.%3 8#9#-):.%3 ;.%%2.%3*9#-+%E%8%,F;,52%#+ C-$=#6/@J#"#8(40#/, 1$-2%6(/-89%/-/:%/@75+%/#++A8-/+ !NH,-=#K(/,$-:,+ Q(/H1$-2%6(/-89%/-/:%/@;%,#;#8#:6(/ A$(25:,J#"#8(40#/, >;JP3J!RS(-/T5-$-/,##+9##2+,(:=;(5$:%/@ ./,#$/-6(/-8C-$=#6/@I T("#$/0#/,T$-/,+<%+=P++#++0#/, J#"#8(40#/,39%/-/:%/@ !A.K-/2RMH.07-/=9%/-/:%/@75+%/#++J#"#8(40#/, T("#$/0#/,-8S%-%+(/+;,52%#+
  5. 5. <#$&"*=-.#%&$*Westar has assisted clients in obtaining over $680 Million infinancing.!
  6. 6. >#4*=-.#%&*/#2&)"$* Technology ?%9#$&)"$*@* Banking & Providers & ?%A,$&"4* Finance Stakeholders /&B#6)-A#"$* Stakeholders•! Biofuels & Bioproducts! •! Traditional & •! State & Federally•! Renewable Power! Investment Banks! Charted Banks!•! Value-Added •! Venture Capital •! Investment Banks! Agriculture! Companies! •! Equity Providers!•! Water Production & •! Multinational •! Family O"ces & Recycling! Corporation! Hedge Funds!•! Smart Grid •! Family O"ce & Hedge •! International Technologies! Funds! Development•! Sustainable Fiber •! Oil & Gas Companies! Banks! Production! •! Food Production•! Energy E"ciency Companies! Technologies! •! Air Transport•! Transformational Companies! Technologies! •! Air, Land, & Water Fuel Users!
  7. 7. C-)0-*=-#%&#26*?%9#$&D#%&$*Source: Kachan & Co. !
  8. 8. ?%9#$&D#%&*5"#%A$** @*+::)"&,%.(#$*Source: Bloomberg New Energy Finance!
  9. 9. 5"%$:)"&()%*1%#"34** =)%$,D:()%*!")E#2()%$*FGHGIFGJG*Source: World Economic Forum Report, “Sustainable Transportation Ecosystem.”!
  10. 10. /&B#6)-A#"$*.%*&6#** 5"%$:)"&()%*/#2&)"*Source: World Economic Forum Report, “Sustainable Transportation Ecosystem.”!
  11. 11. K".%#*5"%$:)"&* C")L&6*!")E#2()%$*Source: World Economic Forum Report, “Sustainable Transportation Ecosystem.”!
  12. 12. ?%9#$&D#%&*M.$B$*
  13. 13. =6--#%3#$*.%*N-&#"%(9#** ;,#-$*;.%%2.%3*•! Capital Cost of Commercial Facility•! Long-term Sales Contracts•! Long-term Supply Contracts•! Scale-up Risk•! ASTM Certification•! Bank Syndication•! Debt Interest Rate
  14. 14. /D:-#*O.)P,#-** ;.%%2#*/&",2&,"# Step One – Development Phase! Tech. Equity Offtake Feedstock Project FuelProvider Provider Provider Provider Site Cert. Step Two – Evaluation Phase! 3rd Party Gov’t Feasibility Lender’s Eng. Assistant Study Analysis Report App. Step Three – Lender & Government Approval! Conditional Loan Commit. Closing
  15. 15. Buildings EquipmentFeedstockProduction /D:-#*!")E#2&* * Trans. Infrastructure =)$&*/&",2&,"#* ;##A$&)2B* Working ?%9#%&)"4* Capital Accounts Receivable
  16. 16. Carbon Tax Credits Credits Gov’t Export- Loan Import Guarantee Financing /D:-#*Q#9#"3#A* * Dev.Grants ;,%A.%3*/&",2&,"#* Bank Financing Bank Cash Financing Bond Financing
  17. 17. RS/S*O.)P,#-$*;.%%2.%3*USDA 9003 Program Highlights: •! 80% Loan Guarantee up to $125 million •! Long-term financing up to 20 years •! Non-recourse financing •! Minimum of 20% equity contribution •! Lender of record must hold 7.5% of loan •! US and Foreign Ownership both qualify
  18. 18. 1T:)"&I?D:)"&*O%B* K#A.,D*%A*Q)%3I5#"D*Q)%*C,"%&##*!")3"D*U.36-.36&$V*o! >4 ,( UVW 8(-/ @5-$-/,##I /( 0%/%050 ($ 0-M%050 8%0%, ,( ,B# +%X# () ,B# #M4($,+-8#,B-,0-FE#L/-/:#2&%,BRMH.07-/=Y+8(-/@5-$-/,##?o! ZVW2(&/4-F0#/,%+$#O5%$#2)$(0,B#E5F#$o! ;0-88E5+%/#++L/-/:%/@$(+#("#$[W)$(0]^?^E%88%(/%/9_`U,(]aE%88%(/%/ 9_`ZZo! <#/#&-E8#H#/#$@F#M4($,+%/:$#-+#2,(][`a0%88%(/%/9_`ZZ)$(0]^0%88%(/ %/9_`U1-.3.0.-.&4*M#W,."#D#%&$V*o! A$(25:,+05+,E#+B%44#2)$(0,B#>?;?,(-)($#%@/E5F#$?o! RMH.0 7-/= :-//(, +544($, #M4($,+ () 0%8%,-$F ($ 2#)#/+# 4$(25:,+ -/2 +#$"%:#+ b&%,B+(0##M:#46(/+c?
  19. 19. +9#"$#$*!".9&#*?%9#$&D#%&*=)":)"()%* K#A.,D*@*Q)%3I5#"D*;.%%2.%3*!")3"D*U.36-.36&$V*•! VHaVW4(++%E8#!A.K4-$6:%4-6(/)($-/#&"#/,5$#-/2>4,([VW4(++%E8#!A.K 4-$6:%4-6(/)($-/#M4-/+%(/%/#0#$@%/@0-$=#,+()-+5::#++)58#M%+6/@(4#$-6(/•! S(-/+)$(0]ZI54,(]`V0%88%(/4#$4$(d#:,•! J%$#:,8(-/+-/2%/"#+,0#/,@5-$-/6#+eJ%$#:,8(-/+-"-%8-E8#,(>?;?L$0+&%,B5/2#$•! ]`V0%88%(/%/+-8#+($]a[0%88%(/%//#,&($,B•! C#2%50,(8(/@H,#$0)5/2%/@GC%/%050^HVF#-$+-/254,(ZVH`F#-$+1-.3.0.-.&4*M#W,."#D#%&$V*•! 9%/-/:%-88F-/2:(00#$:%-88FH+(5/24$(d#:,4$(25:%/@-/-2#O5-,#:-+Bf(&•! `VW>?;?H(&/#$+B%4•! ;5g:%#/,#O5%,F•! 1$-:=$#:($2()+5::#++%/,B#+-0#($+%0%8-$%/25+,$F
  20. 20. N$.%*8#9#-):D#%&*O%B* =-#%*1%#"34*!")3"D* !")3"D*U.36-.36&$* •! `[W () ,(,-8 8(-/+ %/ PJ7 )5/2 @( ,( :8#-/ #/#$@F :(04(/#/,+ •! ]` 7%88%(/ %/"#+,0#/, ,-$@#,EF`Z` •! P448%:-6(/+ $#"%#&#2 %/ a E-,:B#+G h-/?I C-$?I C-FI h58?I;#4,II-/2Q("? •! R8%@%E8# -:6"%6#+G E%(0-++I E%()5#8I E%(@-+I $5$-8 #8#:,$%L:-6(/ -/2 #/#$@F -::#++I 2%+,$%E5,#2 #/#$@F 4$(25:6(/I &-+,#H,(H #/#$@F 4$(d#:,+ -/2 (,B#$ :8#-/#/#$@F,#:B/(8(@%#+
  21. 21. +&6#"*?%&#"%()%-** ;.%%2.%3*!")3"D$*•! ./,#$HP0#$%:-/J#"#8(40#/,7-/=•! ;5+,-%/-E8#R5$(4#-/./"#+,0#/,7-/=•! P5+,$-8%-RM4($,9%/-/:#-/2./+5$-/:#K($4($-6(/*•! 7-/:(0#M,eC#M%:(Q-6(/-8RM4($,7-/=•! ./2%-RM4($,H.04($,7-/=•! Ri9eJ#/0-$=RM4($,K$#2%,P@#/:F•! RM4($,J#"#8(40#/,K-/-2-•! RM4($,H.04($,7-/=()i($#-
  22. 22. !*+8*+&"#3*+8$/*#9%*#)$%),=.%A4*564P,-&X*;),%A#"*%A*=1+*<#$&"*5"A#*M#$),"2#$*FGJG*K.%*/&"##&X*/,.&#*YHG*8--$X*5Z**[FF*FHYIJFGIG]GG*LLLSL#$&"&"A#S2)D

×