DOE Conference Washington DC, Aug 1, 2013 · Fibria elulose S.A., (NYSE: FR) is the world’s...
Transcript of DOE Conference Washington DC, Aug 1, 2013 · Fibria elulose S.A., (NYSE: FR) is the world’s...
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Cellulosic Liquid Fuels
Commercial Production Today DOE Conference
Washington DC, Aug 1, 2013
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Our Business
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We produce a renewable liquid fuel from wood and other non-food biomass
Our key product is Renewable Fuel Oil™ (RFO™)
RFO is a flexible petroleum-replacement with multiple uses including heating and for production of drop-in transportation fuels
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Commercial Status
Commercial production for over 20 years
Over 35 million gallons produced to date
Five commercial facilities in operation in US and Canada
Equipment provided to projects by industry leader with performance guarantees
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Technology
Technology is RTP™, Rapid Thermal Processing™
Fast thermal conversion
Simplified, scaled-down version of fluid catalytic cracker (FCC)
Does not require catalysts, high pressure or hydrogen
Technology partner is UOP, a Honeywell company
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Business Plan
Build-own-operate model - with strategic partners
Capacity expansion underway in North America and internationally
Initial focus:
• Canada
• USA
• Brazil
• Finland
• Malaysia
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RTP™ History
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1984: Foundation
1989-1998 Commercialization & Scale-up US - $20+M
sale for Chemicals
1998-2005 Petroleum Business
Development & sale for US$100 MM
2006-Present Renewable Liquid Fuels:
Key alliances & Project execution
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Since 1996, Ensyn has returned to shareholders over 2x the amount it has raised in equity funding
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Ensyn’s Commercial RFO Plant Renfrew, Ontario
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Powerful Strategic Relationships
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Strategic Relationships
Shareholders
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UOP, a Honeywell Company
UOP
Engineering & Supply of RTP Equipment
Performance guarantees
Upgrading to transport fuels
Global reach
Ensyn:
RTP technology
Project development
Know-how
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From Cellulosic Biomass to a Barrel of Oil
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Heating Oil RFS2 Approval in
Process
Refinery Feedstock RFS2 Approved
Diesel Power Generation
Stand-alone Upgrading -
Transportation Fuels
RFS2 Approved Modular facilities producing 5-20
million gallons year of RFO Capex of $20-100 MM
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20+ years of combustion experience – over 15 million gallons combusted
Multiple commercial RFO demonstrations in different boilers – Ensyn & partners
RFO can be co-fired or used alone in conventional commercial and industrial boilers
RFO combustion emissions compare favorably with fossil fuel
RFO Heating Oil
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RFO in Refineries: Drop-In Transportation Fuel
Utilizes existing refinery capital equipment and infrastructure
Fully fungible hydrocarbon
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RFO Roll-out – Scale & Cost
RFO production facilities of 5-20 million gallons per year
Capex of $20 -100 million each
Biomass consumption of 100 - 400 dry metric tonnes per day
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Brazil - Strategic Alliance with Fibria
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Fibria Celulose S.A., (NYSE: FBR) is the world’s largest market pulp producer
Ensyn and Fibria in 50/50 joint venture for the roll-out of RFO capacity in Brazil
Fibria invested $20 million for 6% of Ensyn in late 2012, sits on Ensyn Board
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Markets
Technology
Economics
Strategic Relationships
What we do
Roll-out
Produce a liquid petroleum replacement from cellulosic non-food biomass
Powerful unit economics – cash cost of ~ $50 BOE & capital-light
Commercially proven RTP technology - over 35M gallons produced - UOP/Honeywell performance guarantee
Global petroleum markets – leverages existing refinery infrastructure
Strong Strategic Relationships – UOP Honeywell (Envergent), Chevron, Fibria, Felda, Renova & others
Significant capacity expansion in progress
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Summary: Ensyn Renewable Liquid Fuels