BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES...European Biofuels Technology Platform, 14 September / /...

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European Biofuels Technology Platform, 14 September 2011 1 / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES 4TH STAKEHOLDER PLENARY MEETING OF THE EUROPEAN BIOFUELS TECHNOLOGY PLATFORM 14 SEPTEMBER 2011 ROBERTO RODRIGUEZ LABASTIDA

Transcript of BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES...European Biofuels Technology Platform, 14 September / /...

Page 1: BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES...European Biofuels Technology Platform, 14 September / / 2011 1 BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES 4TH STAKEHOLDER PLENARY MEETING

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

BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES4TH STAKEHOLDER PLENARY MEETING OF THE

EUROPEAN BIOFUELS TECHNOLOGY PLATFORM

14 SEPTEMBER 2011

ROBERTO RODRIGUEZ LABASTIDA

Page 2: BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES...European Biofuels Technology Platform, 14 September / / 2011 1 BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES 4TH STAKEHOLDER PLENARY MEETING

European Biofuels Technology Platform, 14 September 2011 2/ / / /

CONTENTS

Global bioenergy investment trends

Next-generation biofuels stakeholder survey

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European Biofuels Technology Platform, 14 September 2011 3/ / / /

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

1012 11

2004 2005 2006 2007 2008 2009 2010

AMER EMEA ASOC

2

6

2223

19

76

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European Biofuels Technology Platform, 14 September 2011 4/ / / /

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

Bloomberg New Energy FinanceBloomberg New Energy Finance

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 substitute Gasoline substitute

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

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European Biofuels Technology Platform, 14 September 2011 5/ / / /

BIOFUELS INSTALLED CAPACITY, 2010- 2014(BILLION LITRES)

Bloomberg New Energy FinanceBloomberg New Energy Finance

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

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European Biofuels Technology Platform, 14 September 2011 6/ / / /

NEXT-GENERATION US GOVERNMENT DISBURSED INVESTMENT 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

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European Biofuels Technology Platform, 14 September 2011 7/ / / /

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

Bloomberg New Energy Finance

78.0

9.8 34 15 25

23

100

54

54

97.5

107.3

597.8

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

Advanced biochemical Acid hydrolysisEnzymatic hydrolysis Biobutanol fermentationCumulative investment

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European Biofuels Technology Platform, 14 September 2011 8/ / / /

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

Bloomberg New Energy Finance

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

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European Biofuels Technology Platform, 14 September 2011 9/ / / /

CONTENTS

Global bioenergy investment trends

Next-generation biofuels stakeholder survey

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European Biofuels Technology Platform, 14 September 2011 10/ / / /

BIOPRODUCT INDUSTRY DEVELOPMENT, 2000-2030

Bloomberg New Energy Finance

2000 2020 20302010

Finance gap

NEXT-GENERATION ETHANOL

BIOCHEMICAL PRODUCTION

FIRST-GENERATION BIOFUELS PRODUCTION

BIOPOWER PRODUCTION

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European Biofuels Technology Platform, 14 September 2011 11/ / / /

Bloomberg New Energy Finance

WHY IS THE NEXT-GENERATION BIOFUEL INDUSTRY ATTRACTIVE?

Answers Decouples from food

chain

Existing mandates

Growth potential

Lower emissions

Ready to scale

Developers

Oil majors

Financial community

Total

Note: no impact, minimal impact, medium impact, major impact, significant impact

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European Biofuels Technology Platform, 14 September 2011 12/ / / /

Bloomberg New Energy Finance

WHAT ARE THE INDUSTRY BARRIERS?

Answers Technology inconsistency

Weak policy

High capitalcosts

Risk mitigation

Production economics

Offtake agreements

Feedstock logistics

Developers

Oil majors

Financial community

Total

Note: no impact, minimal impact, medium impact, major impact, significant impact

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European Biofuels Technology Platform, 14 September 2011 13/ / / /

WHAT ARE THE VALUE CHAIN DEVELOPMENTAL PRIORITIES?

Bloomberg New Energy Finance

Commercial scale

• 50%

Technical barriers

• 33%

Residues logistics

• 17%

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

POLICY REQUIRED

Bloomberg New Energy Finance

28%

18%

18%

18%

18%Next-generation mandate

No changes required

Long term stability

Scale adjusted subisidies

Government grants

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COPYRIGHT AND DISCLAIMER

This publication is the copyright of Bloomberg New Energy Finance. No portion of this document may be

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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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