Igp china business review
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Transcript of Igp china business review
Proprietary & Confidential
Cleaning the Air
Proprietary & Confidential
January 12, 2013
Choke PointParticulate Matter – airborne particles smaller than 2.5 micrometers – is one of the great problems with diesel-fueled trucks and bussesPM 2.5 pollution has killed some 8,600 people prematurely in 2012 and cost $1 billion in economic losses in four Chinese cities.–According to a study by Beijing University and Greenpeace.
Bad Even For Beijing: Smog Hits Extreme
Levels
57 % of Chinese citizens say Environmental Protection should be the#1 Priority*
Chinese poll results
Proprietary & Confidential
DATA: In steady-state testing, up to an 85% reduction in the filter smoke (PM) number was shown using a 40% blend –Argonne National Labs
If adopted in Beijing and 3 other Chinese Cities,First year savings:• 7,310 lives • $850 Million in
damage
PM 2.5 Solution: IGP BLUE™
Proprietary & Confidential
Global Conversion Platform:Isobutanol– Large scale production
44
Feedstocks:Natural Gas
MSW
BreakthroughTechnologyPlatform
Isobutanol
Syngas
Products:Isobutanol
Diesel Blending
Jet Fuel
Proprietary & Confidential5
China Policy: Energy Security, GDP, Domestic Production, Jobs Domestic Production, \Each pin represents a coal to chemical (CTL) many can be converted to IGP technology
Proprietary & Confidential6
What are our chances?
• Proven Management with track record of success
• Large and growing market
• Significant unmet need
• Novel Product expected to:– Reduce PM up to 85%
in diesel trucks and busses
– Help people breathe easier
– Support government goals
– Favorable economics for value chain
• Key Strategic Partners= Quick Growth
We are doing our part to improve the currentenvironmental crisis
Proprietary & Confidential7
IGP Profile
Management Team
Seasoned industry professionals:Amoco, BP, Mobil, Johnson Controls, Haldor Topsøe, US DOE, DOD, Chinese State Owned Enterprises
Board of Directors
Senior Executives: Former CFO AMF and W.R. Grace, current MD of TPG China, 4 star General US Military, DOD, OMB, multiple IPO’s and public boards
Technology 17 year exclusive with co-development partner, a $1B industry leader in chemical synthesis technology, IGP IP filed
Product viability
Validated in Studies by Argonne National Labs, Sandia National Labs, BP, State of California, US EPA
Market $20-30+ B in China alone, US ethanol alterative from natural gas, > $2/gal loaded costs, US alt jet fuel
Proprietary & Confidential8
IGP Profile
Scale up Traditional chemical process similar to ammonia and methanol production
Regulatory Product approved for blending into fuel in the US at 12.5%, ASTM jet fuel approvals expected 2014
Joint Venture Negotiations
Definitive 25-year contract complete and signed by Yankuang Group a Chinese extra large State Owned Enterprise. Public markets: NYSE, HK, Shanghai, Aus
Government Approvals
Chinese NDRC and SASC approved, final agreement with chop complete. Filing process underway.
Financial Policy Bank backing, JV contract partner large balance sheet, capital efficient LP project finance business model, high corporate IRRs
Proprietary & Confidential9
IGP-Yankuang final JV Signing James Lamoureaux and Mr. Chu Hongchun