Pam Banks - RIC Centre€¦ · EPDM Sealing manuf. waste TPV Tire rubber and PP wastes . Strategy...

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Pam Banks Executive Director,

RIC Centre

Opening Remarks

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Sponsored By:

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James Sbrolla Entrepreneur-in-

Residence, RIC Centre

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VIP Introductions

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Panelist

Gord Miller Environmental

Commissioner of Ontario

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Panelist

Franco Hasou Partner,

Ernst & Young

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Shirley Speakman Investment Director,

MaRS IAF

Panelist

4th OTS R&D Grant Program Call for Applications

Effective today OTS is accepting applications for funding for R&D projects that result in expanded market opportunities for Ontario-produced recycled rubber: • Call for applications opens today (December 6,

2012) • Applications will be accepted until 5pm on Friday,

February 15th, 2013 • The application Guide and Form can be

downloaded from the OTS website at https://www.ontariots.ca/?q=Resources#rnd

• Questions can be e-mailed to Research@ontariots.ca

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Stewardship Ontario

Open for Business

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Finalist

Presentations

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Ryan Jantzi CEO

B&R Custom Machining Ltd.

B&R Processing Ltd.

The Ask

$500,000

For 30%

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Ryan L’Abbe Vice President & General Manager

Blue Mountain Plastics Inc.

Overview

• Who we are and what we do

• Recycling challenge -“Shrink Sleeve” label

• Our solution

• The “big win”

• Our ask

29 29

Ice River Springs – Private Label Water

30 30

Ice River Springs – Private Label Water

31 31

Ice River Springs – Private Label Water

32 32

Ice River Springs – Private Label Water

33 33

Ice River Springs – Private Label Water

Over 100,000,000 cases produced

Blue Mountain Plastics – Closed-loop recycling

Blue Mountain Plastics – Closed-loop recycling

Blue Mountain Plastics – Closed-loop recycling

45,000,000 lbs/yr = 85% of

PET plastic collected in

Ontario!

Blue Mountain Plastics – Closed-loop recycling

45,000,000 lbs/yr = 85% of

PET plastic collected in

Ontario!

CFIA & FDA

approved pellet

Consumer Recycling

Centre

Grind &

Wash Plant

Food Grade

Processing Plant

Injection Plant Bottling Plant Distribution

Centre

Store

FR

EIG

HT

FREIGHT FREIGHT FREIGHT

FREIGHT FREIGHT FREIGHT

How others do it…closed-loop supply chain

Our other advantage…huge freight savings

Consumer Recycling

Centre

Distribution

Centre

Store

Integrated RPET

Plant

Integrated

Injection &

Bottling Plant

Increasing

The

Environmental

Value Of

Closed Loop

Recycling By

Reducing The

Number Of

Steps In The

Process FREIGHT

FR

EIG

HT

FREIGHT FREIGHT

FREIGHT FREIGHT

The sorting challenge at recycling plant

Wanted

The sorting challenge at recycling plant

Unwanted Wanted

The sorting challenge at recycling plant

The Problem

Shrink sleeve

label

Problems with full-wrapped labels

• Labels cannot be removed from bottles

• Labels contaminate flake

• Cause black spots and blowouts

Shrink labels = PVC or PET-G

Major brand owners use shrink labels

PET recovered each year

Source: 2011 ACC APR Consumer Plastics Bottle Recycling Report

740,00,000 kg

Size of the problem

Size of the problem

Source: 2011 ACC APR Consumer Plastics Bottle Recycling Report

27,700,000 kg

395,700,000 bottles

Shrink label bottles recovered each year

Solution…storing or sending offshore

Wrapped label bottle

“mountain”

>30 acres at Reclamation

Plant in US

Proprietary removal process

1. Bottles identified and sorted to offline station

2. Bottles fed into rotary style drum

3. Blades cut labels off

4. Blower moves label to bagging station

5. Bottle reintroduced into process flow and are

re-inspected by NIR and manual sortation

We have processed over 200,000 kg using our process

Process guarantees over 99.9% removal of PET-G/PVC labels

The outcome…delabeled bottle

Cap

PET bottle Labels

The “big win”

• 3,700,000 kg of PET can be recovered

• Higher yields than other competitors

• Reduced carbon footprint – no longer need to landfill or offshore material

• Opportunity to commericalize the process for others

• Huge opportunity in the US for recovery

Our “Ask”

1. $200,000 to produce larger production machine and

patent our process in exchange for royalty agreement

on external sales

2. Assistance to find a processor for the PETG/PVC

labels removed vs. landfill

3. Raise public awareness of materials that are not

“recycling friendly”

Thank-you!

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Dr. Mo Meysoumi Director of R&D

Tyromer Inc.

Tyromer Inc.

© 2012 Tyromer Inc. Tyromer and its logo are trademarks of the University of Waterloo

A Socially Responsible, Environmentally

Sustainable and Financially Viable Solution to the

Global Scrap Tire Problem

Mo Meysami, Ph.D., R&D Director

1.6 billion scrap tires are generated

annually and >500 million are burned

for their fuel value

A Vision Begging to Be Seen

The Root Cause of the Problem

Efforts to devulcanize tire rubber have not

been commercially successful

• Raw rubber is a soft and sticky

material with low tensile strength

and high elasticity

• Charles Goodyear used sulphur to

bridge the polymer chains

(vulcanization)

• Vulcanized rubber is a thermoset

material – cannot be reverted to

rubber by heating

Tyromer Unlocks a Billion Dollar Resource

US7,189,762 B2 Using supercritical CO2, scrap tire rubber

can be devulcanized in a continuous

extrusion process to produce tyromer – a

Tire Derived Polymer.

US7,189,762 B2 CA 2,500,372 Other patents pending

99% Tyromer

SY

SY

CO2

Vulcanized rubber Crosslink• ScCO2 diffuses and swells the rubber network

• Crosslink bonds can be cleaved selectively

Tyromer Devulcanization Technology

Scrap rubber crumb

Devulcanized rubber

Price Volatility $0

$20

$40

$60

$80

$100

$120

$140

$160

$0

$50

$100

$150

$200

$250

$300

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USD

pe

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lbs

• The tire industry makes over 1 billion tires

• 70% comes from the petrochemical industry

• 15% comes from Natural Rubber

• Both lack price stability

• Both are trending upward

Tire Industry’s Sustainability Challenge

Tyromer Responds to the Challenge

Tyromer and its customer

field-validated a tire tread compound with

20% tyromer content

• Lower material cost

• More price stability

• Abundant feedstock

• Improved sustainability

• Reduced End-of-Life product hazard

April 2012

Product for Market Entry:

Truck Tire Tread Compound

Global market: >200,000 MT

Competitive Advantages Specialty

Crumb Tyromer

Rubber Replacement (%) 4 20

Tread Compound Cost (%) -2.8 -11.1

Tire Tread Compound Market

Global tire tread compound market:

300 Tyromer manufacturing systems

Tread Market Tyromer System

Truck 80

Passenger 220

Future Markets

Tyromer can serve three major market

sectors

Market Feedstock

Tire tread Tire rubber waste

EPDM Sealing manuf. waste

TPV Tire rubber and PP wastes

Strategy to Address Global Market

The size of the markets and the global nature

of the business dictate that Tyromer pursue a

licensing strategy

Tyromer established a strategic alliance with

a major extruder manufacturer to supply and

support its licensed systems worldwide

Significant Progress To Date

Progress to date was funded by generous grants, loans,

investments and in-kind support of ~$1.5 million by:

OTS, OCE, Michelin Development Company, FL Vision Fund,

AirBoss Rubber Compounding and the University of Waterloo

• Scaled up to commercial production

• Field validated a tread compound with 20% tyromer

• Successfully applied process to devulcanize EPDM

• Demonstrated pilot production of TPV

• Developed comprehensive cost model

• Developed licensing business model

• Engaged first licensees

Action Plan

• Build team to license technology, project manage licensed system implementation and technical support licensed operations

• Continue product and quality improvement

• Collaborate with tire OEM

• Develop pipeline products and IP to drive the growth of licensed operations

Tyromer is seeking $500,000

The People of Tyromer

The inventor’s research group serves as a

HR pipeline to support Tyromer’s growth

• Sam Visaisouk, Ph.D., CEO (Entrepreneur, commercialization & start-up operations)

• Costas Tzoganakis, Ph.D., P. Eng., CTO (Inventor, Professor of Chemical Engineering)

• Peter Bourgeois, Chairman (Former DuPont Canada executive)

• D.W. Colcleugh, Ph.D., Board Advisor (Retired DuPont Canada Chairman, CEO & President)

• Mo Meysami, Ph.D., R&D Director

Financial Outlook

Income in future years will grow rapidly as

licensing revenue comes from cumulative

licensed plants

-$5

$0

$5

$10

$15

$20

$25

2013 2014 2015 2016 2017

Mill

ion

s

Revenue COGS Expenses EBITDA

• Patents issued and pipeline IP

• Technology and 1st product validated

• Global demand for technology and product

• Abundant and inexpensive feedstock

Tyromer is an ethical investment with global

markets, solid growth and income longevity

Tyromer: A Socially Responsible Venture Driven by Industry Needs

Tread Lightly

© 2012 Tyromer Inc. Tyromer and its logo are trademarks of the University of Waterloo

Tyromer Inc.

Tyromer is seeking investors/partners committed to

social, ecological and economic sustainability.

For further discussion, please contact

Mo Meysami, Ph.D., mmeysami@tyromer.com

<="">

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Bruce Ballantyne Vice President of Finance & Admin

C.R. Plastics Inc.

C.R. Plastic

Products Inc.

Recycling Idol

December 2012

Who are we?

Home-base: Stratford, ON

Remember the Dragons?

What do we want?

The “Ask”

What do we do?

“One man’s trash is

another man’s treasure”

60

Million

From trash to

treasure…

Milk Jugs

Extruder

Grinder

Blender

From trash to treasure…

Robot Assembly

CNC Router

“Even our trash is our treasure”

What do we offer?

“Durability never felt this

comfortable!”

“Closing the cottage never

seemed so easy”

“Family gatherings never

seemed so colourful”

“Playtime

never felt so

responsible”

“Maintenance

never felt this

carefree”

“Plastic has never been this popular”

Who is our customer?

Current Market

Cottage Country

Coastal Areas

Australia – opposite season

Southern US – year round outdoor living

Europe – lake & coastal regions

Market Expansion

Growth Opportunity

Backyard Living

Furniture Stores

How will we get there?

$-

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

2008 2009 2010 2011 2012 2013 2014 2015

The “Ask”

$250,000 $100,000

129

Million

15 by 15

$650,000

Imagine…

?

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Tim Scott Entrepreneur-in-

Residence, RIC Centre

Voting and Survey

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Audience votes for Winner How to use the clickers:

1. Press the number on the clicker for your choice of who you think should win.

2. To vote for the winner, press: - B&R Processing - Blue Mountain Plastics - Tyromer - C.R. Plastic Products 3. You’re Done!

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Please Vote Now!

For B&R Processing, press 1 For Blue Mountain Plastics, press 2 For Tyromer, press 3 For C.R. Plastic Products, press 4

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Survey

Are you an entrepreneur? A. Yes B. No

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Survey

Are you a member of the professional association below? (select all that apply) A. Ontario Environment Industry Association B. Air & Waste Management Association C. Professional Engineers of Ontario D. Ontario Waste Management Association E. None of the above

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Survey

How did you hear about this event? A. RIC Website B. Email C. Friend D. Other

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Survey

Would you be interested in attending a grassroots networking event to connect cleantech companies? A. Yes B. No

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Survey

Would you like more information about OTS Programs? (select all that apply) A. Community Grant Program B. Demonstration Project Program C. R&D Program D. Rubber Modified Asphalt Program E. 2011 Annual Report

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Survey

Do you think there is enough funding for recycling technologies? A. Yes B. No –more funding is required for early stage

recycling technologies C. No – more funding is required for later stage

recycling technologies

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Intermission

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Panel Feedback

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Gord Miller

Environmental Commissioner of Ontario

Franco Hasou Partner,

Ernst & Young

Shirley Speakman

Investment Director, MaRS IAF

Panel Feedback

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Panelist

Gord Miller Environmental

Commissioner of Ontario

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Panelist

Franco Hasou Partner,

Ernst & Young

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Shirley Speakman Investment Director,

MaRS IAF

Panelist

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And the Winner Is…

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Sponsored By: