LanzaTech Introduction: Recycling Carbon: Creating sustainable fuels ...
LanzaTech Introduction: Recycling Carbon: Creating sustainable fuels & chemical from industrial off gases
2014 LanzaTech. All rights reserved.
Company Profile • Corporate Headquarters and R&D in Chicago, IL Offices and Operations in UK, China and India
• Funding – – – –
Series A: Khosla Ventures - $US 12M in 2007 Series B: Qiming Ventures - $US 18M in 2010 Series C: MLSCF - $US 60M in 2012 equity, $US 15M debt WTI Series D: Mitsui - $US 112M in 2014
• Team CEO: Dr. Jennifer Holmgren CSO/Founder: Dr. Sean Simpson – Over 130 staff Synthetic Biology Analytical Engineering
• IP Portfolio – >250 Patents pending; 105 granted – 2 proprietary microbe families – 15 synthetic biology families
Impact on Coffee Growing Areas of Colombia
2014
2050
Source: Jarvis, CIAT (2012)
Staying within 2 degrees
27%
8%
2%
2015
2025
2050
Staying 2 degrees Keep it inwithin the Ground
80% Coal Reserves Untouched until 2050
50% Gas Reserves Untouched until 2050
Sources:
Nature Geoscience 7, 709–715 (2014) U.N. IPCC Climate Change 2014 Synthesis Report: http://www.ipcc.ch/report/ar5/syr/
33% Oil Reserves Untouched until 2050
The LanzaTech Process is Driving Innovation Novel gas fermentation technology captures CO-rich gases and converts the carbon to fuels and chemicals
Proprietary Microbe
Gas Feed Stream
Gas Reception
Compression
Fermentation
• Process recycles waste carbon into fuels and chemicals • Process brings underutilized carbon into the fuel pool via industrial symbiosis • Potential to make material impact on the future energy pool (>100s of billions of gallons per year)
Recovery
Product Tank
Waste carbon streams as a Resource Industrial Waste Gas
Biogas
Solid Waste
Steel, PVC, Ferroalloys
LFG, Methane
Industrial, MSW, DSW
~184.2T M3 *
>2B MTA *
~ 1.4B MTA (Steel only) *
Reforming
CO
CO + H2
Biomass
CO2
>1.3B MTA (US Alone) *
Gasification
CO + H2 + CO2
Renewable H2
CO2 + H2
CO2 + H2O + e-
Gas Fermentation Available
High Volume/Low Intrinsic Value Non-Food
*2010 global production; 2012 proven gas reserves data (IEA, UNEP, IndexMundi, US DOE Billion Ton Update)
Renewable Electricity
Most Point Sourced
Creating new partnerships Industry
Fuels and chemicals production from COG and BF gas
End User/Markets
Oil/Natural Gas Steel
Chemicals
Integration of steel mill LanzaTech Process enables carbon recycling to produce value added fuels & chemicals
9
The LanzaTech Process Proprietary Microbe
Gas fermentation technology converts Crich gases to fuels and chemicals
Gas Feed Stream
Gas Reception Compression Fermentation
Performance milestones achieved and exceeded for >1000 hours
Recovery
Product Tank
Ready Now
Strain Development
Lab
50 X
Pilot
32 X
Demo
25 X
Commercial
2005
2008
2012
2016
~0.5-1 kg/day
50-100 kg/day
~1500 kg/day
~300,000 kg/day
Commercial Scale-up Factor Less Than What Has Been Proven at Demo Scale
Global Technology “Lab” Data, Data, Data 40,000 combined hours on stream Multiple runs exceeding 2000 hours
Daejeon, South Korea S/U: Q2 2015
MSW Asia S/U: Q4 2014
Caofeidian, China S/U: Q1 2013
Freedom Pines Soperton, GA S/U: 2013
Kaoshiung, Taiwan S/U: Q1 2014 Shanghai, China S/U: Q1 2012
Glenbrook Pilot Auckland, NZ S/U: 2008
Multiple Demo plants at various scales all demonstrating different key aspects of process
Pre commercial steel mill demonstrations Performance milestones exceeded First commercial in design; fully financed in China Exceeded design capacity Local chemicals, water
Shougang
WBT (CSC/LCY) Mitigating Scale up Risk through Successful Technology Demonstration
Bao
Glenbrook
CSC Board Approval Public Announcements China Steel Invest 7000 MM TWD Launch Two Projects 2015 -03-28 Economic Daily News
Published Board Meeting Agenda 5) Capital Injection to participate WBT concerting BOF to EtOH Project CSC diversified investment to WBT by applying LanzaTech (USA) fermentation technology to erect an EtOH demonstration plant. In accordance with the results of the demonstration plant, CO utilization, broth concentration and robust of bacteria are all way exceed the targets. It approves the technology has commercial value, it will proceed commercial operation plant. 五、參與新能公司增資建置轉爐氣產製乙醇商轉工廠案 中鋼公司轉投資事業新能公司應用美國Lanzatech公司厭 氧菌發酵技術，建置乙醇示範工場，依該示範工場實際運 轉結果，其CO利用率、發酵液乙醇濃度及菌體耐受度等 指標，皆大幅超越預定目標，證明此技術具進行商業化發 展價值，乃進行建置商轉工廠。
CSC board meeting held yesterday (27) has approved two investment project. It will spend 5600 MM TWD to overhaul No. 2 blast furnace of the third train; meanwhile investment 1400 MM TWD to erect a 100,000 ton per annum ethanol plant. CSC states, trans-invested to WBT using LanzaTech (USA) fermentation technology, built an ethanol demonstration plant, in accordance with actual operation result, all indices were way exceed the targets, approve this technology worth for commercialization, will begin commercial plant at the year end. Per the decision of CSC board, it will use the land near Xiao Gang Zhong Lin Road purchased from LCY to build the plant. The investment amount 1400 MM TWD. Starts production after estimated 2~3 years later. Per understanding, the plant will be in two phases, it will erect a 100,000 MT per annum production line, main application is gasoline additives and industrial ethanol.
“3 Large Investments Hit 7.628 Billion Yuan Steel Case”
http://www.csc.com.tw/indexe.html http://www.chinatimes.com/newspapers
14
ArcelorMittal Gent
Carbon recycling Electricity generation
with LanzaTech
• • • •
120,000 tons/annum CO2 reduction 300,000 tons/annum CO2 captured for future reuse 60k MTA ethanol capacity Adding value to CO
15
Broader Environmental Impact
NOx & Particulates
LanzaTech Process emits ~40% less NOx and ~80% fewer particulates than electricity generation per MJ energy recovered
Steel production Electricity Generation
Steel Mill
Waste Gases
Electricity
Grid
LanzaTech Process emits 33% less CO2 than electricity generation per MJ energy recovered LanzaTech Process
Ethanol
Gasoline Pool
Carbon is Only Part of the Story
Commercialization of Aviation Fuel
• World First Proving Flight using sustainable ATJ from steel mill off gases • Flight will provide fuel performance data to help accelerate ASTM certification of ATJ production pathway
17
Output: Diverse Products in Large Markets
~1.7M bpd
~4 M MTA
Ethanol
Ethanol
~5.5M bpd
~51M bpd
Hydrocarbon Fuels
~8.5M bpd
Butanol Butanediol Propanol ~50 M MTA
Other Products - Acetic Acid - Succinic Acid - Isoprene - … *2010 global consumption data -Harts, IEA
Butadiene: Key Chemical Intermediate Styrene Butadiene Rubber (SBR)
Global Market Size: ~4.9 million tons, ~$13 billion
Polybutadiene Rubber (BR)
2,3-BDO
Butadiene
Global Market Size: ~3 million tons, ~$8 billion
Global Market Size: ~11 million tons, ~$22 billion
Syngas Acrylonitrile Butadiene Styrene (ABS) Resins
Industrial Waste Biomass MSW/DSW
Ethanol Advanced Biofuel
Global Market Size: ~8 million tons, ~$16 billion
Nylon 6,6 (from Adiponitrile/HDMA)
Global Market Size: ~1.8 million tons, ~$6.9 billion
1 Organism, over 20 Products… 1 Organism, over 25 Products…
Discovery Biodiesel (FAEE) 3-Hydroxypropionate (3-HP) Jet Fuel Isoprene Aromatics
Fatty Acids, Terpenoids Aromatics
CO/H2
Pyruvate
Amino Acids Acetoin
Acetyl-CoA
2-Butanol
Partnerships
1,3-Butadiene
1-Propanol 1,2-Propanediol
Biopolymers
Methyl Ethyl Ketone (MEK)
Butylene Succinate Butyrate 3-Hydroxy Butyrate (3-HB)
Lactate
1-Butanol
1,3-Butanediol (1,3-BDO) Acetone Isopropanol Acetate
Ethanol
2,3-Butanediol (2,3-BDO)
Lab Scale Process
Scaled-Up Process
LanzaTech Global Partnerships
Global Recognition
2015 Gas Fermentation Process awarded Presidential Green Chemistry Award
Sustainable Brands Overall Winner People’s Choice Award
Feedstock of the Year Award and CEO Jennifer Holmgren won Business Person of the Year
Finalist in the Entrepreneurship Category of the Circular Economy Awards.
#1 Hottest Company in Biofuels and #5 in Biochemicals
2014 Global Cleantech 100 North American Company of the Year Award
The Guardian Sustainable Business Innovation Award for Carbon and Energy Management.
2013 One of 23 companies globally with promise of “significantly impacting the way business and society operate.”
Listed in Sustainia guide to innovative solutions at the forefront of sustainable transformation.
Global Cleantech 100 Continued Excellence winner. Technical Development Award from World Petroleum Council
Breakthrough Innovation Award at the Platts Global Metals Award.
Sustainable Innovation Award at Platts Global Energy Awards
LanzaTech and Virgin Atlantic named 2013 Observer Ethical Award Winners
22
2014 LanzaTech. All rights reserved.
Company Profile • Corporate Headquarters and R&D in Chicago, IL Offices and Operations in UK, China and India
• Funding – – – –
Series A: Khosla Ventures - $US 12M in 2007 Series B: Qiming Ventures - $US 18M in 2010 Series C: MLSCF - $US 60M in 2012 equity, $US 15M debt WTI Series D: Mitsui - $US 112M in 2014
• Team CEO: Dr. Jennifer Holmgren CSO/Founder: Dr. Sean Simpson – Over 130 staff Synthetic Biology Analytical Engineering
• IP Portfolio – >250 Patents pending; 105 granted – 2 proprietary microbe families – 15 synthetic biology families
Impact on Coffee Growing Areas of Colombia
2014
2050
Source: Jarvis, CIAT (2012)
Staying within 2 degrees
27%
8%
2%
2015
2025
2050
Staying 2 degrees Keep it inwithin the Ground
80% Coal Reserves Untouched until 2050
50% Gas Reserves Untouched until 2050
Sources:
Nature Geoscience 7, 709–715 (2014) U.N. IPCC Climate Change 2014 Synthesis Report: http://www.ipcc.ch/report/ar5/syr/
33% Oil Reserves Untouched until 2050
The LanzaTech Process is Driving Innovation Novel gas fermentation technology captures CO-rich gases and converts the carbon to fuels and chemicals
Proprietary Microbe
Gas Feed Stream
Gas Reception
Compression
Fermentation
• Process recycles waste carbon into fuels and chemicals • Process brings underutilized carbon into the fuel pool via industrial symbiosis • Potential to make material impact on the future energy pool (>100s of billions of gallons per year)
Recovery
Product Tank
Waste carbon streams as a Resource Industrial Waste Gas
Biogas
Solid Waste
Steel, PVC, Ferroalloys
LFG, Methane
Industrial, MSW, DSW
~184.2T M3 *
>2B MTA *
~ 1.4B MTA (Steel only) *
Reforming
CO
CO + H2
Biomass
CO2
>1.3B MTA (US Alone) *
Gasification
CO + H2 + CO2
Renewable H2
CO2 + H2
CO2 + H2O + e-
Gas Fermentation Available
High Volume/Low Intrinsic Value Non-Food
*2010 global production; 2012 proven gas reserves data (IEA, UNEP, IndexMundi, US DOE Billion Ton Update)
Renewable Electricity
Most Point Sourced
Creating new partnerships Industry
Fuels and chemicals production from COG and BF gas
End User/Markets
Oil/Natural Gas Steel
Chemicals
Integration of steel mill LanzaTech Process enables carbon recycling to produce value added fuels & chemicals
9
The LanzaTech Process Proprietary Microbe
Gas fermentation technology converts Crich gases to fuels and chemicals
Gas Feed Stream
Gas Reception Compression Fermentation
Performance milestones achieved and exceeded for >1000 hours
Recovery
Product Tank
Ready Now
Strain Development
Lab
50 X
Pilot
32 X
Demo
25 X
Commercial
2005
2008
2012
2016
~0.5-1 kg/day
50-100 kg/day
~1500 kg/day
~300,000 kg/day
Commercial Scale-up Factor Less Than What Has Been Proven at Demo Scale
Global Technology “Lab” Data, Data, Data 40,000 combined hours on stream Multiple runs exceeding 2000 hours
Daejeon, South Korea S/U: Q2 2015
MSW Asia S/U: Q4 2014
Caofeidian, China S/U: Q1 2013
Freedom Pines Soperton, GA S/U: 2013
Kaoshiung, Taiwan S/U: Q1 2014 Shanghai, China S/U: Q1 2012
Glenbrook Pilot Auckland, NZ S/U: 2008
Multiple Demo plants at various scales all demonstrating different key aspects of process
Pre commercial steel mill demonstrations Performance milestones exceeded First commercial in design; fully financed in China Exceeded design capacity Local chemicals, water
Shougang
WBT (CSC/LCY) Mitigating Scale up Risk through Successful Technology Demonstration
Bao
Glenbrook
CSC Board Approval Public Announcements China Steel Invest 7000 MM TWD Launch Two Projects 2015 -03-28 Economic Daily News
Published Board Meeting Agenda 5) Capital Injection to participate WBT concerting BOF to EtOH Project CSC diversified investment to WBT by applying LanzaTech (USA) fermentation technology to erect an EtOH demonstration plant. In accordance with the results of the demonstration plant, CO utilization, broth concentration and robust of bacteria are all way exceed the targets. It approves the technology has commercial value, it will proceed commercial operation plant. 五、參與新能公司增資建置轉爐氣產製乙醇商轉工廠案 中鋼公司轉投資事業新能公司應用美國Lanzatech公司厭 氧菌發酵技術，建置乙醇示範工場，依該示範工場實際運 轉結果，其CO利用率、發酵液乙醇濃度及菌體耐受度等 指標，皆大幅超越預定目標，證明此技術具進行商業化發 展價值，乃進行建置商轉工廠。
CSC board meeting held yesterday (27) has approved two investment project. It will spend 5600 MM TWD to overhaul No. 2 blast furnace of the third train; meanwhile investment 1400 MM TWD to erect a 100,000 ton per annum ethanol plant. CSC states, trans-invested to WBT using LanzaTech (USA) fermentation technology, built an ethanol demonstration plant, in accordance with actual operation result, all indices were way exceed the targets, approve this technology worth for commercialization, will begin commercial plant at the year end. Per the decision of CSC board, it will use the land near Xiao Gang Zhong Lin Road purchased from LCY to build the plant. The investment amount 1400 MM TWD. Starts production after estimated 2~3 years later. Per understanding, the plant will be in two phases, it will erect a 100,000 MT per annum production line, main application is gasoline additives and industrial ethanol.
“3 Large Investments Hit 7.628 Billion Yuan Steel Case”
http://www.csc.com.tw/indexe.html http://www.chinatimes.com/newspapers
14
ArcelorMittal Gent
Carbon recycling Electricity generation
with LanzaTech
• • • •
120,000 tons/annum CO2 reduction 300,000 tons/annum CO2 captured for future reuse 60k MTA ethanol capacity Adding value to CO
15
Broader Environmental Impact
NOx & Particulates
LanzaTech Process emits ~40% less NOx and ~80% fewer particulates than electricity generation per MJ energy recovered
Steel production Electricity Generation
Steel Mill
Waste Gases
Electricity
Grid
LanzaTech Process emits 33% less CO2 than electricity generation per MJ energy recovered LanzaTech Process
Ethanol
Gasoline Pool
Carbon is Only Part of the Story
Commercialization of Aviation Fuel
• World First Proving Flight using sustainable ATJ from steel mill off gases • Flight will provide fuel performance data to help accelerate ASTM certification of ATJ production pathway
17
Output: Diverse Products in Large Markets
~1.7M bpd
~4 M MTA
Ethanol
Ethanol
~5.5M bpd
~51M bpd
Hydrocarbon Fuels
~8.5M bpd
Butanol Butanediol Propanol ~50 M MTA
Other Products - Acetic Acid - Succinic Acid - Isoprene - … *2010 global consumption data -Harts, IEA
Butadiene: Key Chemical Intermediate Styrene Butadiene Rubber (SBR)
Global Market Size: ~4.9 million tons, ~$13 billion
Polybutadiene Rubber (BR)
2,3-BDO
Butadiene
Global Market Size: ~3 million tons, ~$8 billion
Global Market Size: ~11 million tons, ~$22 billion
Syngas Acrylonitrile Butadiene Styrene (ABS) Resins
Industrial Waste Biomass MSW/DSW
Ethanol Advanced Biofuel
Global Market Size: ~8 million tons, ~$16 billion
Nylon 6,6 (from Adiponitrile/HDMA)
Global Market Size: ~1.8 million tons, ~$6.9 billion
1 Organism, over 20 Products… 1 Organism, over 25 Products…
Discovery Biodiesel (FAEE) 3-Hydroxypropionate (3-HP) Jet Fuel Isoprene Aromatics
Fatty Acids, Terpenoids Aromatics
CO/H2
Pyruvate
Amino Acids Acetoin
Acetyl-CoA
2-Butanol
Partnerships
1,3-Butadiene
1-Propanol 1,2-Propanediol
Biopolymers
Methyl Ethyl Ketone (MEK)
Butylene Succinate Butyrate 3-Hydroxy Butyrate (3-HB)
Lactate
1-Butanol
1,3-Butanediol (1,3-BDO) Acetone Isopropanol Acetate
Ethanol
2,3-Butanediol (2,3-BDO)
Lab Scale Process
Scaled-Up Process
LanzaTech Global Partnerships
Global Recognition
2015 Gas Fermentation Process awarded Presidential Green Chemistry Award
Sustainable Brands Overall Winner People’s Choice Award
Feedstock of the Year Award and CEO Jennifer Holmgren won Business Person of the Year
Finalist in the Entrepreneurship Category of the Circular Economy Awards.
#1 Hottest Company in Biofuels and #5 in Biochemicals
2014 Global Cleantech 100 North American Company of the Year Award
The Guardian Sustainable Business Innovation Award for Carbon and Energy Management.
2013 One of 23 companies globally with promise of “significantly impacting the way business and society operate.”
Listed in Sustainia guide to innovative solutions at the forefront of sustainable transformation.
Global Cleantech 100 Continued Excellence winner. Technical Development Award from World Petroleum Council
Breakthrough Innovation Award at the Platts Global Metals Award.
Sustainable Innovation Award at Platts Global Energy Awards
LanzaTech and Virgin Atlantic named 2013 Observer Ethical Award Winners
22
