BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES...European Biofuels Technology Platform, 14 September / /...
Transcript of BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES...European Biofuels Technology Platform, 14 September / /...
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BRINGING CAPITAL TO BIOENERGY TECHNOLOGIES4TH STAKEHOLDER PLENARY MEETING OF THE
EUROPEAN BIOFUELS TECHNOLOGY PLATFORM
14 SEPTEMBER 2011
ROBERTO RODRIGUEZ LABASTIDA
European Biofuels Technology Platform, 14 September 2011 2/ / / /
CONTENTS
Global bioenergy investment trends
Next-generation biofuels stakeholder survey
European Biofuels Technology Platform, 14 September 2011 3/ / / /
TOTAL BIOENERGY INVESTMENT BY SECTOR, 2004-10 ($BN)
Bloomberg New Energy FinanceBloomberg New Energy Finance
BIOFUELS BIOMASS AND WASTE-TO-ENERGY
2004 2005 2006 2007 2008 2009 2010
ASOC EMEA AMER
3
6
9
12
1012 11
2004 2005 2006 2007 2008 2009 2010
AMER EMEA ASOC
2
6
2223
19
76
European Biofuels Technology Platform, 14 September 2011 4/ / / /
BIOFUELS INVESTMENT TRENDS, 2004- Q1 2011 ($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
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
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 $1.2bn
0.75
European Biofuels Technology Platform, 14 September 2011 7/ / / /
PUBLIC MARKETS INVESTMENT IN BIOCHEMICAL TECHNOLOGIES, 2004-Q1 2011 ($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
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
European Biofuels Technology Platform, 14 September 2011 9/ / / /
CONTENTS
Global bioenergy investment trends
Next-generation biofuels stakeholder survey
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
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
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
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%
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
European Biofuels Technology Platform, 14 September 2011 15/ / / /
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BRINGING CAPITAL TO BIOENERGY TECHNOLOGIESROBERTO RODRIGUEZ,