Pam Banks - RIC Centre€¦ · EPDM Sealing manuf. waste TPV Tire rubber and PP wastes . Strategy...
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Transcript of Pam Banks - RIC Centre€¦ · EPDM Sealing manuf. waste TPV Tire rubber and PP wastes . Strategy...
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Pam Banks Executive Director,
RIC Centre
Opening Remarks
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Sponsored By:
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James Sbrolla Entrepreneur-in-
Residence, RIC Centre
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VIP Introductions
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Panelist
Gord Miller Environmental
Commissioner of Ontario
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Panelist
Franco Hasou Partner,
Ernst & Young
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Shirley Speakman Investment Director,
MaRS IAF
Panelist
4th OTS R&D Grant Program Call for Applications
Effective today OTS is accepting applications for funding for R&D projects that result in expanded market opportunities for Ontario-produced recycled rubber: • Call for applications opens today (December 6,
2012) • Applications will be accepted until 5pm on Friday,
February 15th, 2013 • The application Guide and Form can be
downloaded from the OTS website at https://www.ontariots.ca/?q=Resources#rnd
• Questions can be e-mailed to [email protected]
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Stewardship Ontario
Open for Business
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Finalist
Presentations
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Ryan Jantzi CEO
B&R Custom Machining Ltd.
B&R Processing Ltd.
The Ask
$500,000
For 30%
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Ryan L’Abbe Vice President & General Manager
Blue Mountain Plastics Inc.
Overview
• Who we are and what we do
• Recycling challenge -“Shrink Sleeve” label
• Our solution
• The “big win”
• Our ask
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Ice River Springs – Private Label Water
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Ice River Springs – Private Label Water
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Ice River Springs – Private Label Water
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Ice River Springs – Private Label Water
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Ice River Springs – Private Label Water
Over 100,000,000 cases produced
Blue Mountain Plastics – Closed-loop recycling
Blue Mountain Plastics – Closed-loop recycling
Blue Mountain Plastics – Closed-loop recycling
45,000,000 lbs/yr = 85% of
PET plastic collected in
Ontario!
Blue Mountain Plastics – Closed-loop recycling
45,000,000 lbs/yr = 85% of
PET plastic collected in
Ontario!
CFIA & FDA
approved pellet
Consumer Recycling
Centre
Grind &
Wash Plant
Food Grade
Processing Plant
Injection Plant Bottling Plant Distribution
Centre
Store
FR
EIG
HT
FREIGHT FREIGHT FREIGHT
FREIGHT FREIGHT FREIGHT
How others do it…closed-loop supply chain
Our other advantage…huge freight savings
Consumer Recycling
Centre
Distribution
Centre
Store
Integrated RPET
Plant
Integrated
Injection &
Bottling Plant
Increasing
The
Environmental
Value Of
Closed Loop
Recycling By
Reducing The
Number Of
Steps In The
Process FREIGHT
FR
EIG
HT
FREIGHT FREIGHT
FREIGHT FREIGHT
The sorting challenge at recycling plant
Wanted
The sorting challenge at recycling plant
Unwanted Wanted
The sorting challenge at recycling plant
The Problem
Shrink sleeve
label
Problems with full-wrapped labels
• Labels cannot be removed from bottles
• Labels contaminate flake
• Cause black spots and blowouts
Shrink labels = PVC or PET-G
Major brand owners use shrink labels
PET recovered each year
Source: 2011 ACC APR Consumer Plastics Bottle Recycling Report
740,00,000 kg
Size of the problem
Size of the problem
Source: 2011 ACC APR Consumer Plastics Bottle Recycling Report
27,700,000 kg
395,700,000 bottles
Shrink label bottles recovered each year
Solution…storing or sending offshore
Wrapped label bottle
“mountain”
>30 acres at Reclamation
Plant in US
Proprietary removal process
1. Bottles identified and sorted to offline station
2. Bottles fed into rotary style drum
3. Blades cut labels off
4. Blower moves label to bagging station
5. Bottle reintroduced into process flow and are
re-inspected by NIR and manual sortation
We have processed over 200,000 kg using our process
Process guarantees over 99.9% removal of PET-G/PVC labels
The outcome…delabeled bottle
Cap
PET bottle Labels
The “big win”
• 3,700,000 kg of PET can be recovered
• Higher yields than other competitors
• Reduced carbon footprint – no longer need to landfill or offshore material
• Opportunity to commericalize the process for others
• Huge opportunity in the US for recovery
Our “Ask”
1. $200,000 to produce larger production machine and
patent our process in exchange for royalty agreement
on external sales
2. Assistance to find a processor for the PETG/PVC
labels removed vs. landfill
3. Raise public awareness of materials that are not
“recycling friendly”
Thank-you!
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Dr. Mo Meysoumi Director of R&D
Tyromer Inc.
Tyromer Inc.
© 2012 Tyromer Inc. Tyromer and its logo are trademarks of the University of Waterloo
A Socially Responsible, Environmentally
Sustainable and Financially Viable Solution to the
Global Scrap Tire Problem
Mo Meysami, Ph.D., R&D Director
1.6 billion scrap tires are generated
annually and >500 million are burned
for their fuel value
A Vision Begging to Be Seen
The Root Cause of the Problem
Efforts to devulcanize tire rubber have not
been commercially successful
• Raw rubber is a soft and sticky
material with low tensile strength
and high elasticity
• Charles Goodyear used sulphur to
bridge the polymer chains
(vulcanization)
• Vulcanized rubber is a thermoset
material – cannot be reverted to
rubber by heating
Tyromer Unlocks a Billion Dollar Resource
US7,189,762 B2 Using supercritical CO2, scrap tire rubber
can be devulcanized in a continuous
extrusion process to produce tyromer – a
Tire Derived Polymer.
US7,189,762 B2 CA 2,500,372 Other patents pending
99% Tyromer
SY
SY
CO2
Vulcanized rubber Crosslink• ScCO2 diffuses and swells the rubber network
• Crosslink bonds can be cleaved selectively
Tyromer Devulcanization Technology
Scrap rubber crumb
Devulcanized rubber
Price Volatility $0
$20
$40
$60
$80
$100
$120
$140
$160
$0
$50
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$300
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lbs
• The tire industry makes over 1 billion tires
• 70% comes from the petrochemical industry
• 15% comes from Natural Rubber
• Both lack price stability
• Both are trending upward
Tire Industry’s Sustainability Challenge
Tyromer Responds to the Challenge
Tyromer and its customer
field-validated a tire tread compound with
20% tyromer content
• Lower material cost
• More price stability
• Abundant feedstock
• Improved sustainability
• Reduced End-of-Life product hazard
April 2012
Product for Market Entry:
Truck Tire Tread Compound
Global market: >200,000 MT
Competitive Advantages Specialty
Crumb Tyromer
Rubber Replacement (%) 4 20
Tread Compound Cost (%) -2.8 -11.1
Tire Tread Compound Market
Global tire tread compound market:
300 Tyromer manufacturing systems
Tread Market Tyromer System
Truck 80
Passenger 220
Future Markets
Tyromer can serve three major market
sectors
Market Feedstock
Tire tread Tire rubber waste
EPDM Sealing manuf. waste
TPV Tire rubber and PP wastes
Strategy to Address Global Market
The size of the markets and the global nature
of the business dictate that Tyromer pursue a
licensing strategy
Tyromer established a strategic alliance with
a major extruder manufacturer to supply and
support its licensed systems worldwide
Significant Progress To Date
Progress to date was funded by generous grants, loans,
investments and in-kind support of ~$1.5 million by:
OTS, OCE, Michelin Development Company, FL Vision Fund,
AirBoss Rubber Compounding and the University of Waterloo
• Scaled up to commercial production
• Field validated a tread compound with 20% tyromer
• Successfully applied process to devulcanize EPDM
• Demonstrated pilot production of TPV
• Developed comprehensive cost model
• Developed licensing business model
• Engaged first licensees
Action Plan
• Build team to license technology, project manage licensed system implementation and technical support licensed operations
• Continue product and quality improvement
• Collaborate with tire OEM
• Develop pipeline products and IP to drive the growth of licensed operations
Tyromer is seeking $500,000
The People of Tyromer
The inventor’s research group serves as a
HR pipeline to support Tyromer’s growth
• Sam Visaisouk, Ph.D., CEO (Entrepreneur, commercialization & start-up operations)
• Costas Tzoganakis, Ph.D., P. Eng., CTO (Inventor, Professor of Chemical Engineering)
• Peter Bourgeois, Chairman (Former DuPont Canada executive)
• D.W. Colcleugh, Ph.D., Board Advisor (Retired DuPont Canada Chairman, CEO & President)
• Mo Meysami, Ph.D., R&D Director
Financial Outlook
Income in future years will grow rapidly as
licensing revenue comes from cumulative
licensed plants
-$5
$0
$5
$10
$15
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2013 2014 2015 2016 2017
Mill
ion
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Revenue COGS Expenses EBITDA
• Patents issued and pipeline IP
• Technology and 1st product validated
• Global demand for technology and product
• Abundant and inexpensive feedstock
Tyromer is an ethical investment with global
markets, solid growth and income longevity
Tyromer: A Socially Responsible Venture Driven by Industry Needs
Tread Lightly
© 2012 Tyromer Inc. Tyromer and its logo are trademarks of the University of Waterloo
Tyromer Inc.
Tyromer is seeking investors/partners committed to
social, ecological and economic sustainability.
For further discussion, please contact
Mo Meysami, Ph.D., [email protected]
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Bruce Ballantyne Vice President of Finance & Admin
C.R. Plastics Inc.
C.R. Plastic
Products Inc.
Recycling Idol
December 2012
Who are we?
Home-base: Stratford, ON
Remember the Dragons?
What do we want?
The “Ask”
What do we do?
“One man’s trash is
another man’s treasure”
60
Million
From trash to
treasure…
Milk Jugs
Extruder
Grinder
Blender
From trash to treasure…
Robot Assembly
CNC Router
“Even our trash is our treasure”
What do we offer?
“Durability never felt this
comfortable!”
“Closing the cottage never
seemed so easy”
“Family gatherings never
seemed so colourful”
“Playtime
never felt so
responsible”
“Maintenance
never felt this
carefree”
“Plastic has never been this popular”
Who is our customer?
Current Market
Cottage Country
Coastal Areas
Australia – opposite season
Southern US – year round outdoor living
Europe – lake & coastal regions
Market Expansion
Growth Opportunity
Backyard Living
Furniture Stores
How will we get there?
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
2008 2009 2010 2011 2012 2013 2014 2015
The “Ask”
$250,000 $100,000
129
Million
15 by 15
$650,000
Imagine…
?
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Tim Scott Entrepreneur-in-
Residence, RIC Centre
Voting and Survey
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Audience votes for Winner How to use the clickers:
1. Press the number on the clicker for your choice of who you think should win.
2. To vote for the winner, press: - B&R Processing - Blue Mountain Plastics - Tyromer - C.R. Plastic Products 3. You’re Done!
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Please Vote Now!
For B&R Processing, press 1 For Blue Mountain Plastics, press 2 For Tyromer, press 3 For C.R. Plastic Products, press 4
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Survey
Are you an entrepreneur? A. Yes B. No
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Survey
Are you a member of the professional association below? (select all that apply) A. Ontario Environment Industry Association B. Air & Waste Management Association C. Professional Engineers of Ontario D. Ontario Waste Management Association E. None of the above
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Survey
How did you hear about this event? A. RIC Website B. Email C. Friend D. Other
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Survey
Would you be interested in attending a grassroots networking event to connect cleantech companies? A. Yes B. No
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Survey
Would you like more information about OTS Programs? (select all that apply) A. Community Grant Program B. Demonstration Project Program C. R&D Program D. Rubber Modified Asphalt Program E. 2011 Annual Report
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Survey
Do you think there is enough funding for recycling technologies? A. Yes B. No –more funding is required for early stage
recycling technologies C. No – more funding is required for later stage
recycling technologies
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Intermission
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Panel Feedback
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Gord Miller
Environmental Commissioner of Ontario
Franco Hasou Partner,
Ernst & Young
Shirley Speakman
Investment Director, MaRS IAF
Panel Feedback
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Panelist
Gord Miller Environmental
Commissioner of Ontario
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Panelist
Franco Hasou Partner,
Ernst & Young
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Shirley Speakman Investment Director,
MaRS IAF
Panelist
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And the Winner Is…
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Sponsored By:
