Understanding Biobased Aromatics - Latest Oil, Energy ... · PDF fileinnovative plant bottle...
Transcript of Understanding Biobased Aromatics - Latest Oil, Energy ... · PDF fileinnovative plant bottle...
Understanding Biobased Aromatics Platts 2nd Aromatics Asia Conference Kieran Furlong, Virent Inc.
© Virent 2014
What is PET?
© Virent 2014 5
A B A B A B
ethylene terephthalate [ ] poly
ethylene
glycol
terephthalic
acid
H2O
PET Supply Chain
6
Crude Oil
Reformate
BTX PX PTA
PET
Naphtha
© Virent 2014
Natural
Gas
NGL
Pygas
Ethane
Cra
cker
R
efo
rmer
Ethylene Ethylene
oxide
Ethylene
glycol
Bio-PET Supply Chain
7
Crude Oil
Reformate
BTX PX PTA
PET
Naphtha
Biomass Reformate BTX PX
Virent BioFormPX®
© Virent 2014
Natural
Gas
NGL
Pygas
Ethane
Cra
cker
R
efo
rmer
Ethylene Ethylene
oxide
Ethylene
glycol
Biomass Ethanol Ethylene Ethylene
oxide
Ethylene
glycol
Why bio-PET?
© Virent 2014 8
Secure
supply
Lead in
sustainability
Reduce
volatility
Respond to
competitors Differentiate
product
Combat
packaging
pressure
Proactive Reactive
Why bio-PET?
© Virent 2014 9
Secure
supply
Lead in
sustainability
Reduce
volatility
Respond to
competitors Differentiate
product
Why bio-PET?
© Virent 2014 10
Reduce
volatility
Respond to
competitors Differentiate
product
Combat
packaging
pressure
Source: Wall Street Journal
2007 2008 2009 2010 2011 2012 2013
US
Sale
s V
olu
me
Dasani® turnaround
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New York Times, Oct 20th 2009 Mr. Kent said that sales of Dasani brand water in North America were down by more than 19 percent. Sales of multipacks of Dasani, a popular packaging for water, were down even more, he said.
Muhtar Kent, Oct 2012
(KO earnings call)
“The rest of our North America water business grew 4% in the quarter, led by Dasani which maintained its premium price position and saw further gains across key brand equity measures driven by consumer awareness of our innovative plant bottle packaging.”
Dasani has earned pricing power
© Virent 2014 12
Nestle:
$1.49/6-pack
Dasani:
$2.99/6-pack
Fiji:
$4.99/6-pack
Results of a completely unscientific study carried out by me and my iPhone at the
supermarket across the street from my office in Madison, WI, USA on 29th Aug 2014
& Virent partnership
Coca-Cola supporting the commercialization of Virent’s BioForm PX® material for use in PlantBottle™ packaging
Multi-million dollar, multi-year agreements with Virent announced in 2011
Joint Development Agreement
Master Supply Agreement
Additional investment to expand demonstration capabilities announced in September 2014
100% plant-based PET prototype bottles produced in partnership with FENC and Coca-Cola
© Virent 2014 15
Steady progress to 100% bio-PET
100% bio-PET Coca-Cola bottles made with Virent’s BioFormPX material.
Sou
rce:
Co
ca-C
ola
© Virent 2014 16
Virent at a glance The global leader in catalytic biorefinery research, development, and commercialization
Location
Technology
Infrastructure
Madison, Wisconsin, USA 25x Development Pilot Plants
2x Larger Demo Plants
Partners & Investors
Catalytically converting plant-based feedstocks to fuels and chemicals
© Virent 2014 18
Virent’s BioForming® Technology
Fast and Robust Inorganic Catalysts
Moderate Conditions
Industry Proven Scalability
Energy Efficient Exothermic
Low Energy Separation
Low Carbon Footprint
Premium Drop-in Products Tunable Platform
Infrastructure Compatible
Fuels and Chemicals
Feedstock Flexible Conventional Sugars
Non-Food Sugars
Leading catalytic route to renewable hydrocarbon fuels and chemicals.
“Eagle” Virent’s Biogasoline Demonstration Plant- Madison, WI
© Virent 2014 19
111 Issued/Allowed Patents, 176 Pending Patent Applications
Virent Aromatics Production
Conventional Sugars
(Corn Starch, Cane Sugar, Beet Sugar)
BIOMASS
Ethanol Ethanol
Conditioning
BIOMASS Third Party
Deconstruction
Virent BIOMASS
Deconstruction
Virent Distillate
Production
Virent APR
Processing
p-Xylene
Aromatics Complex
Toluene
Benzene
Fuel
s
Gasoline
Jet
Aromatics
(SAK)
Light
Cycle Oil
Fuel
s
Gasoline
Jet Fuel
(SK)
Diesel Tier 1 Feedstock Tier 2 Feedstock Virent Technology Industrial Solutions
1
2
3
Virent Conversion Platform
Order of implementation
APR = Aqueous Phase Reforming SAK = Synthetic Aromatic Kerosene SK = Synthetic Kerosene
Virent High Aromatic BioFormate®
Virent can optimize the BioForming process to increase the
aromatics content (for chemicals production) or reproduce petro-
reformate profiles (for gasoline fuel production)
© Virent 2014 21
Typical petroleum-derived
naphtha reformate High aromatic BioFormate
Simplified Mass Balance Carbohydrate to Aromatics
22
Virent BioForming
Aromatics Processing
Soluble Carbohydrate
2.6t
BioFormate (Liquid
Hydrocarbons)
1t
Paraxylene 0.65t
Benzene 0.15t
Light Ends 0.1t
BioFuel 0.1t
Virent BioForming
Best Theoretically Achievable
Specific Feedstock Consumption (mass carbohydrate per mass hydrocarbon)
2.6* 2.3
Carbohydrate Mass yield to liquid hydrocarbon
38% 43%
Mass Flows Biomass
Sugar cane
Corn
Hydrogen 0.17 t
© Virent 2014
*Targeted Performance
Light Ends** Waste Water
Summary
Bio-based aromatics can address some of the challenges facing the BTX value chain
30% bio-PET is already proving to be a success and there is great demand for 100% bio-PET
Virent has developed a bio-based PX process Higher yields and feedstock flexibility
Competitive pathway to PX
Supported by The Coca-Cola Company
Feedstocks and technology choice will vary Local availability & regional economics
Feedstock perception by stakeholders
© Virent 2014 24
© Virent 2014
Thank you
Kieran Furlong Director, Chemicals Virent, Inc
3571 Anderson St
Madison ,WI 53704
215-400-1074
www.virent.com
100% bio-PET Coca-Cola bottles made with Virent’s BioFormPX material.
Sou
rce:
Co
ca-C
ola