BIO-BASED PRODUCTION OF

UNSATURATED POLYESTER RESINS

Deepak Dugar, PhDPresident, Visolis, Inc.

Shortfalls In C4-C6

Building Blocks

C4-C6 chemicals: An avenue for bio-based processes

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0%

20%

40%

60%

80%

100%

2007 2008 2009 2010 2011 2012 2013

Index for Ethylene Production by Naphtha Cracking in the U.S.

AFPM producer data

Unsaturated Polyester Resins (UPR):$10billion market opportunity

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URP formulators desperately need a stable, low-cost and eco-friendly alternative

4

UPR

market

Volatile Prices

Low Profit Margins

Demand for Sustainable

Products

Shale-gas Disruption

RefinerySpecialty chemicals

UPR formulator Industrial Manuf.

ConventionalPetroleum Monomers

Visolis’ Ecolate: A new range of building blocks for UPRs

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Ecolate

Unsaturated Polyester Resin

Visolis’ ProprietaryMonomers

Visolis uses synthetic biology to create a green and cost-effective solution

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PurificationSynthesisConversionFeedstock

Sugars (corn/cane),

glycerol, syn-gas

High Yield Fermentation using

engineered microbes

Simple conversion and separation to

building blocks

Remove residual sugars, esters, alcohols and

water

Visolis’ core competencies

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CatalysisPolymerization

Microbe Engineering

Research Scale-up to Commercial Production

2015300L Pilot Scale

on-going

2016-18Demo-scale

2019Commercial Production

Economic & market validation

Corporate partnership

5L Scale500ml Lab

Scale

Process validation

Yield Titer Productivity

Proof-of-concept to pilot in 6 months

Capital-light model: creating value across the supply chain through partnerships

VisolisPlatform technology provider

ServiceProviders

EPC

Joint VenturesLong-term off-take

agreements

Jet Fuel Additives

$100B

Specialty Chemicals

$20B

Unsaturated polyester

resins

$ 10B

Visolis is a platform technology with numerous opportunities

Contact Information

Deepak Dugar, President

dugar@visolisbio.com

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Visolis, Inc.