Blomberg _ Investments and Forecasted Production

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European Biofuels Technology Platform, 14 September 2011 1/ / / /

/ / / / / / / / / / / / / / / / / / / / / / / / / / / /

BRINGING CAPITAL TOBIOENERGY

TECHNOLOGIES

4TH STAKEHOLDER PLENARY MEETING OF THEEUROPEAN BIOFUELS TECHNOLOGY PLATFORM

14 SEPTEMBER 2011

ROBERTO RODRIGUEZ LABASTIDA




CONTENTS

Global bioenergy investment trends

Next-generation biofuels stakeholder survey




TOTAL BIOENERGY INVESTMENT BY SECTOR, 2004-10($BN)

Bloomberg New Energy FinanceBloomberg New Energy Finance

BIOFUELS BIOMASS AND WASTE-TO-ENERGY

2004 2005 2006 2007 2008 2009 2010

ASOC EMEA AMER

3

6

9

12

10

12 11

2004 2005 2006 2007 2008 2009 2010

AMER EMEA ASOC

2

6

2223

19

76




BIOFUELS INVESTMENT TRENDS, 2004- Q1 2011 ($BN)


ASSET FINANCING FIRST-GENERATION VERSUS NEXT-GENERATION VC/PE INVESTMENT

2

5

17

22

16

65

1

2004 2005 2006 2007 2008 2009 2010 Q1 2011

Diesel subst itu te Gasoline subst itute

Q1 2011

0.04

0.47

1.24

0.97

0.80

0.69

0.080.010.04 0.04

0.220.29

0.90

0.41

0.53

0.22

2004 2005 2006 2007 2008 2009 2010 Q1 2011

First-generation Next-generation Next-generation yearly average

Q1 2011




BIOFUELS INSTALLED CAPACITY, 2010- 2014(BILLIONLITRES)


ETHANOL DIESEL SUBSTITUTES

0

20

40

60

80

100

120

140

2010 2011 2012 2013 2014

Asia(Other)

India

China

EU Europe

Americas

(Other)

Brazil

United

States

0

20

40

60

80

100

120

140

2010 2011 2012 2013 2014

Asia (Other)

India

China

EU Europe

Americas (Other)

Brazil

United States




NEXT-GENERATION US GOVERNMENT DISBURSEDINVESTMENT 2004-Q1 2011 ($BN)

Bloomberg New Energy Finance

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2004 2005 2006 2007 2008 2009 2010 Q1 2011

Gasoline substitute Diesel substitute Cumulative

2004 - 2010Committed $3.1bnDisbursed $1.2bn

0.75




PUBLIC MARKETS INVESTMENT IN BIOCHEMICALTECHNOLOGIES, 2004-Q1 2011 ($M)


78.0

9.8 34 15 25

23

100

54

54

97.5

107.3

597.8

0

60

120

180

240

300

360420

480

540

600

0

20

40

60

80

100

120140

160

180

200

2004 2005 2006 2007 2008 2009 2010 Q1 2011Advanced biochemical Acid hydrolysisEnzymatic hydrolysis Biobutanol fermentationCumulative investment




PUBLIC MARKETS INVESTMENT IN THERMOCHEMICALTECHNOLOGIES, 2004-Q1 2011 ($M)


33.1 39.9

160.1

53.841.4

35.2

7.6

4.7

2.6

378.36

0

60

120

180

240

300

360

420

480

540

600

0

20

40

60

80

100

120

140

160

180

200

2004 2005 2006 2007 2008 2009 2010 Q1 2011

Gasification – fermentation PyrolysisGasification – FT synthesis HydrotreatmentCumulative investment




CONTENTS

Global bioenergy investment trends

Next-generation biofuels stakeholder survey




BIOPRODUCT INDUSTRY DEVELOPMENT, 2000-2030


2000 2020 20302010

Finance gap

NEXT-GENERATION ETHANOL

BIOCHEMICAL PRODUCTION

FIRST-GENERATION BIOFUELS PRODUCTION

BIOPOWER PRODUCTION





WHY IS THE NEXT-GENERATION BIOFUEL INDUSTRYATTRACTIVE?

Answers Decouplesfrom food

chain

Existingmandates

Growthpotential

Loweremissions

Ready toscale

Developers

Oil majors

Financialcommunity

Total

Note: no impact, mi nimal impact, medium impact, major impact, sign ifi cant impact





WHAT ARE THE INDUSTRY BARRIERS?

Answers Technologyinconsistency

Weakpolicy

High capitalcosts

Riskmitigation

Productioneconomics

Offtakeagreements

Feedstocklogistics

Developers

Oil majors

Financialcommunity

Total

Note: no impact, minimal impact, medium impact, major impact, signifi cant impact




WHAT ARE THE VALUE CHAIN DEVELOPMENTALPRIORITIES?


Commercialscale

• 50%

Technicalbarriers

• 33%

Residueslogistics

• 17%




POLICY REQUIRED


28%

18%

18%

18%

18%Next-generation mandate

No changes required

Long term stability

Scale adjusted subisidies

Government grants




COPYRIGHT AND DISCLAIMER

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way without prior consent of Bloomberg New Energy Finance.

The information contained in this publication is derived from carefully selected public sources we believe are

reasonable. We do not guarantee its accuracy or completeness and nothing in this document shall be

construed to be a representation of such a guarantee. Any opinions expressed reflect the current judgment of

the author of the relevant article or features, and does not necessarily reflect the opinion of Bloomberg New

Energy Finance. The opinions presented are subject to change without notice. Bloomberg New Energy

Finance accepts no responsibility for any liability arising from use of this document or its contents. Bloomberg

New Energy Finance does not consider itself to undertake Regulated Activities as defined in Section 22 of the

Financial Services and Markets Act 2000 and is not registered with the Financial Services Authority of the UK.



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