Chromatin, Inc. Integrated Feedstocks for Cleantech. WTBC: Developing a Technology Business: Bioscience July 29, 2011

Transcription

1 Chromatin, Inc. Integrated Feedstocks for Cleantech WTBC: Developing a Technology Business: Bioscience July 29, 2011

2 Chromatin introduction Vertically integrated ag biotech company: biotech, seed production and biomass supply chain 70 employees with operations based in IL and TX Global sorghum seed sales/marketing/distribution >20 countries Up to 30 million pounds of seed processed per year Over 1 million acres of biomass per year #3 market share (7%) in the U. S. Products Sorghum biomass and grain that meets the needs of today s biochemical & thermochemical processing industries in biopower, biofuels and chemicals Decades of experience in crop improvement, product development, and distribution Biotech (minichromosome) deals with global ag leaders 2

3 Chroma'n overview & history Daphne Preuss and Greg Copenhaver invented plant mini- chromosome technology for plants at University of Chicago and founded Chroma'n in 2000 Internal R&D phase focused on op'mizing processes and technology Deployment and commercializa'on with leading industry partners began in Research phase 2007 Commercial phase MC products (first alliances) Q4, 2008 Financing $12.6 M 2009 Feedstock products

4

5 Executive Team Proven leadership in biotech, agriculture, energy, biofuels & chemical industries Daphne Preuss CEO 20 years business development & R&D Ken Davenport Strategic Development 27 years chemistry & ag products Dave Jessen CTO 26 years ag product development TBD CFO Third party search firmed engaged. Jeff Widder Seeds 19 years seed industry 5

6

7 Sugarcane mini- chromosomes Left: Micrograph of a sugarcane cell showing successful deployment of multiple-gene stack (arrow) with sugarcane chromosomes (blue/red) Right: Closeup of paired gene stack, showing added genes (green) and regions that mediate DNA inheritance (red)

8 Licenses to ag industry leaders Non-exclusive: corn, soybean, cotton, canola Exclusive: sugarcane Recombination-enabled minichromosomes (corn, soy, cotton, canola) Deal Structure ü Chromatin retains rights to improvements ü Revenue streams: Access fees Milestone payments Royalties Rights in all other crops remain in Chromatin s control 8

9

10 Maximizing technology value Energy Crops ~70% of biorefinery costs Suboptimal agronomic yields Suboptimal farming practices Not developed for bioprocessing applications

11 Sorghum: A sustainable biomass crop Energy Use Feedstock benefits: Qualifies for federal renewable support under BCAP; improved energy use favorable for RFS2 Available varieties that have starch, sugar, or cellulose compositions suitable for bio-processing Can grow on 80% of the world s land CBOT traded commodity; price stability through long-term contracts 11

12 Chromatin s seed production business SORGHUM PARTNERS, LLC a Chromatin company The leading biomass (forage) sorghum product sold today Current products have a composition suitable for biopower co-firing applications Branded products, strong market presence, loyal growers Genetics with 40 year commercial history Genetic collection with sufficient diversity to create next-generation biopower products 12

13

14 Vertical integration in feedstocks Gene Stacking Proprietary Seeds Seed Production & Distribution Biomass Production Customers & Strategic Partners Mini-chromosomes SORGHUM PARTNERS, LLC 30 M lbs of seed ed 1 M acres High Energy High Sugar Chemical Fuel Power Licenses: Seed Sales: Starchbased fuel Animal feed Partners: Growers Logistics providers Proprietary Biomass: Genetics Agronomics $ $ $

15

16

17

18 Chromatin, Inc. Designing biomass for biopower Ø Focused on developing sorghum for bioenergy, biofuels, chemicals and value-added applications Ø Broad commercial-stage technology platform, transformative and enabling intellectual property Ø Providing high quality seed products today; Developing bio-processor alliances for 2011 production season 18 18