John Plaza President and Founder Chief Executive Officer [email protected] - Integrated...
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Transcript of John Plaza President and Founder Chief Executive Officer [email protected] - Integrated...
John PlazaPresident and FounderChief Executive Officer
- Integrated Bio-refineries - maximizing distillate fuels including
jet fuel
- Advanced Biofuels Leadership Conference
April 22nd, 2013
Imperium Renewables
Imperium Renewables Inc. – Who we areImperium Renewables Inc. – Who we are
Company founded in 2004
$275M in capital raised since 2005
Strong history of innovation and practical commercialization efforts for clean fuels in transportation sector
49 employees in Washington State
100 million gallons of annual biodiesel production capacity
First renewable jet fuel producer with initial demo on Boeing 747 with Virgin Atlantic in 2008.
Ongoing R&D effort since 2010 for proprietary drop-in renewable fuels suitable for use in Aviation with PNNL and LanzaTech
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Imperium Grays Harbor – what we doImperium Grays Harbor – what we do
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One of the largest biodiesel facilities in the world.
Current site is 10.5 acres Additional 12 acres adjacent
for new construction Deep water port Major rail infrastructure
Biodiesel production sourced from oils and fats Established relationships
with major feedstock producers
Reliable supplier to petroleum industry
Major supplier to domestic and global marketplace
Imperium’s vision for the next 10-20 years
Maximize Drop-in Distillate Production Options
Integrated bio-refinery - maximize distillates including jet fuel Ability to use wide range of biomass feedstocks that are readily
available and not tied to commodity pricing End fuel product must be “drop-in” replacement and complement
ASTM specifications as required Superior performance to petroleum equivalent Economically viable with fuel markets over the long term and without
government subsidy
Biomass Processing Infrastructure Application
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Imperium Alcohol to Jet Fuel (ATJ) Strategy Imperium Alcohol to Jet Fuel (ATJ) Strategy
Proprietary development of technology for ATJ drop-in fuel with PNNL– Research started in July 2010 with joint funding from Imperium and Battelle– Technology development focused on converting mixed alcohols derived from biomass
sources into hydrocarbon equivalent “drop-in” fuels for aviation and other transportation fuels Renewable jet fuel is of SPK composition as opposed to aromatic based product Agnostic to source of ethanol – can be mixed alcohols and aqueous solution High yield conversion of available carbon into desired end products
Received $4M in Q4-’11 from DOE for biomass to jet fuel funding opportunity in collaborative partnership led by LanzaTech– Allows for the use of existing biomass sources which are environmentally sustainable
and economically viable in the long-term Waste stream gases from industrial facilities Municipal solid waste Forest and agriculture wastes
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Alcohol to Jet Fuel (ATJ) CollaborativeAlcohol to Jet Fuel (ATJ) Collaborative
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Gas
Reception
GasolineJetDiesel
Separation
Catalytic
Conversion
Alcohol
Product
Recovery
Fermentation
Gas Feed Stream
IAF/PNNL Technology
A novel route to Drop-in hydrocarbon Fuels with a low cost, low value
feedstock
LanzaTech Technology
S, N, O containing Compounds < 5%
Paraffins70 - 85%
Aromatic< 2%
Olefins< 5%
The Compound Selection in our Fuel ProductionThe Compound Selection in our Fuel Production
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Ideal Carbon Length C8-C14
Normal Paraffins Iso-paraffins Cyclic Paraffins
H3CCH3
CH3CH3
H3CCH3
H3CCH3
CH3
CH3
S
H3C CH3
CH3
OH
OH
O
Fuel test results from 2012Fuel test results from 2012
PNNL prepared samples for fuel property evaluation
Off-site specification testing conducted by AFRL
Positive results with continued focus on improving yields and limiting aromatics
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Specification TestMIL-DTL-
83133H Spec Requirement
PNNL-1 PNNL-2 FT-SPK JP-8
Aromatics, vol % ≤25 1.9 2.2 0.0 18.8
Olefins, vol % 1.2 1.1 0.0 0.8
Heat of Combustion (measured), MJ/Kg ≥42.8 43.1 43.1 44.3 43.3
Distillation:
IBP, °C 161 165 144 159
10% recovered, °C ≤205 165 171 167 182
20% recovered, °C 166 173 177 189
50% recovered, °C 171 183 206 208
90% recovered, °C 190 220 256 244
EP, °C ≤300 214 243 275 265
T90-T10, °C 22 25 49 89 62
Residue, % vol ≤1.5 1.1 1.1 1.5 1.3
Loss, % vol ≤1.5 1 0.8 0.9 0.8
Flash point, °C ≥38 44 48 45 51
Freeze Point, °C ≤-47 <-60 <-60 -51 -50
Density @ 15°C, kg/L
0.775 - 0.840 (0.751 - 0.770) 0.803 0.814 0.756 0.804
Natural Gas, CH4
Associated Gas,Biogas
Solid WasteIndustrial, MSW,
DSW
Inorganic CO2
COCO CO + H2CO + H2 CO + H2 + CO2CO + H2 + CO2 CO2 + H2CO2 + H2 CO2 + H2O + e-CO2 + H2O + e-
Fuels Chemicals
Gas Fermentation
Reforming Gasification RenewableElectricity
Renewable H2
Industrial Waste Gas
Steel, PVC, Ferroalloys
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Biomass
LanzaTech is key partner - Recycling Carbon for production of alcohol
LanzaTech is key partner - Recycling Carbon for production of alcohol
Source: LanzaTech
The Importance Integration and Product Diversification
The Importance Integration and Product Diversification
Fuel pricing can be supported with alcohol inputs and distillate/chemical outputs– There must be an adequate difference between the intermediate alcohol feedstock and wholesale
jet fuel on a $/gallon basis – Lanzatech’s technology and business model facilitates this
– EIA projections suggest there is a positive price differential in most cases, except in the Low Oil Price case
– Co-location facilitates significantly reduced processing and capital requirements – bolt on strategy
Flexibility to produce paraffins or cyclic components for fuels and/or chemicals– Not all biofuel routes allow for production of paraffins or cyclics– PNNL ATJ technology has low hydrogen demand and greater flexibility to produce paraffins and
cyclic components for synthetic jet fuel
Other material benefits of our ATJ strategy– Ability for feedstock flexibility and partnership opportunities on alcohol supplies– Alcohol intermediates isolate feedstock variations prior to ATJ conversion technology– Long term, this route offers cost competitive pathway for sustainable aviation fuel that can be on
parity to petroleum based fuels based on forward projections from EIA and other global sources.
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Imperium ATJ FAQ’s Imperium ATJ FAQ’s
Why is Imperium pursuing ATJ technology? – Broad source of inputs for biomass-based alcohols– Large and diverse group of technology solutions to effectively source biomass-based alcohols– Alcohols have limited market demand due to blend wall whereas hydrocarbon fuels derived from
biomass have unlimited market demand if certified and economically viable
What makes this strategy different than the other ATJ strategies?– Unique technology approach – Very efficient yield from available carbon in alcohol into drop-in fuels, largely isoparaffins – Strong technology development team with decades of previous successes (PNNL)
How can it be economically viable?– Inputs not tied to commodities – IE, waste stream inputs– Integrated with alcohol production – process optimization– Diversified products included chemicals and able to optimize production depending on market
conditions
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Next steps Next steps
Securing tolling facility for production of renewable jet fuel currently for larger volume demands in 2014
Ethanol will be supplied from Lanzatech’s facilities in China or India
Technology used for tolling will be supplied by PNNL/IAF
Fuel production would occur in 2014 with test flights to follow– Will include enough production to facilitate ASTM certification process
Anticipating additional scale up in 2016
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