Building New Fermentation platforms based on lactic acid capabilities

Transcription

1 Building New Fermentatin platfrms based n lactic acid capabilities July 20, 2015 Hans van der Pl, Ph.D Directr Bibased Innvatins Crbin

2 Outline 1 Crbin prfile 2 Lactic acid prducts and applicatins 3 Grwth f lactic acid market 4 Case study: PLA 5 Grwth pprtunities beynd lactic acid 6 Key success factrs in lactic acid market grwth and beynd 2

3 Crbin: Wh we are tday Emplyees: arund 1,800 Revenue (2014) f M and EBITDA f M Leading market psitins in fd and bichemical ingredients Unique technlgy platfrm: fermentatin f rganic acids 11 prductin facilities acrss the glbe Listed at NYSE Eurnext Amsterdam: CRBN Designed by science, pwered by nature, delivered thrugh dedicatin 3 4/9/2015

4 Crbin s glbal ftprint We market ur prducts thrugh a wrldwide netwrk f sales ffices and distributrs 4 4/9/2015

5 Lactic acid: 2 stereismers L (+) lactic acid D (-) lactic acid Purac Lactic acid : Pure L(+) r D(-) Synthetic LA: 50/50 mixture f L(+) and D(-) 5

6 Crbin functinalities fr fd markets: Preservatin, taste and nutritin Healthy fd Nutritius fd Delicius fd Fresh fd Safe fd Natural fd Acidified fd Lw calrie fd 6

7 L(+) Lactic acid Applicatins Fr Chemicals and Pharma Applicatins enabled thrugh deep understanding f functinalities and perfrmance Agr Hme Care Persnal Care Catings Biplastics Animal Health Industrial Medical 7

8 Grwth drivers fr lactic acid market in different phases Phase Key Prducts Key Applicatins Functinalities Market Drivers Until 1980 Synthetic lactic acid Natural lactic acid Lactate salts Lactate esters Lactate salts 2000 nward D(-) lactic acid Lactides Leather Tanning Metal plating Textile dyeing Fd applicatins Csmetics Persnal care Micrelectrnics Agr Detergents Oil field Animal feed Biremediatin PLA Acrylic Acid, PDO Resins Chiral synthesis ph cntrl ph cntrl Preservatin Frtificatin Bi-availability Misturizing Safety Slvency Adjuvancy Descaling Anti-bacterial Bidegradability Bibased Chirality Intermediate Basic functins Replacement f synthetic by natural L(+) LA Taste prfile Prduct purity Regulatry fr chemicals, slvents, bicides Sustainability Technlgy 8

9 Natural lactic acid market grwth has been driven by cntinuus innvatin Figure fr illustrative purpses nly (Index) PLA Natural Synthetic In each grwth phase different trends can be addressed 0 Specialty industrial acid Fd ingredients Chemicals and Pharma Biplastics and Chemicals 9

10 CASE : PLA D(-) lactic acid pening up higher value PLA markets Value & Perfrmance Durables Semi-durables Dispsables Time Onging technlgy develpment enables high vlume applicatins like PLA 10

11 CASE: PLA PLA Resin SUPLA Sugar feedstck LA & Lactide prductin PLA plymer prductin Cmpund prductin Cnversin t prducts Brandwner Retailer Cnsumer SUPLA has started cnstructin f a 10kT/y PLA facility Lactide mnmers supplied by Crbin t make PLLA Lcated in China Samples available fr pre-market launch SUPLA: high heat PLA fr durable and demanding applicatins, such as autmtive and electrnics parts Benefits: PLLA fr shrt cycle time High sterechemical purity Using GMO free bimass 11

12 Cellulse ptins fr high vlume bibased chemicals in the pipeline Bagasse Empty crn cbs Wd Crbin assets in 2G bimass value chain: Superir prcess perfrmance lactic acid vs. bi ethanl Bimass scuting & evaluatin Pretreatment Technlgies scuting & evaluatin Fermentatin and tailr made strain develpment Pilt and dem capabilities 12

13 Gypsum free lactic acid prcess nw prven n dem scale in Grinchem, NL 10 ktn/yr Dem Plant Start-up July 2013 Prduct within specificatins Running within >95% f design specificatins since early August 2013 Prcess nw prven 13

14 Bibased Innvatins Frm lactic acid t bibased building blcks Cre Prcess Innvatins Gypsum-free fermentatin pens access t bibased building blcks 2 nd generatin bimass Market led Innvatins PLA bidegradable plastic Succinic acid (JV with BASF) FDCA 14

15 Lactic acid: a bibased intermediate platfrm Frmulatins Fd, Feed, Hme and Persnal Care Lactic acid L(+) and D(-) Lactate esters (ML, EL, BL) Lactate salts (K, Na, Ca) Lactides (LL, DD, DL) Acrylic Acid 1,2-PDO Frmulatins Slvents, Cleaning, Agr, Electrnics Frmulatins Fd, Feed, Hme and Persnal Care Plymers (PLA, PU, CASE) Plymers (Acrylate resins, SAP) Frmulatins (Clants) 15

16 Crbin mving beynd lactic acid Lactic acid and lactates L and D-lactide 2010 > 80 years experience 2015 Manufacturing: Glbally Thailand (75 kt) Partnership with: Succinic acid Partnership with: Spain (Mntmeló) FDCA New pprtunities Acquisitin Building n Crbin cre capabilities Fermentatin and dwn-stream prcessing Gypsum free prductin f rganic acids Glbal prductin sites & netwrk 16

17 Key Success Factrs in Lactic acid market grwth and Beynd Strng and prtected Technlgy Cntinuus imprvement f manufacturing prcess Sustainability as driver fr imprved prcess with lw envirnmental impact Cntinuus imprvement f technlgy and prduct specificatins Applicatin develpment t identify functinalities in key applicatins Lw taste fr preservatin High purity slvents fr electrnics Specific registratins fr different applicatin fields Strng value prpsitins Bibased in itself nt the key-driver fr grwth, but rather safety, regulatry, functinality and perfrmance Develpment f derivative prducts t braden addressable market: Slvents fr electrnics and agr D(-) lactic acid and Lactides fr PLA New pprtunities fitting with Crbin technlgical and market capabilities 17

18 QUESTIONS? Designed by science, pwered by nature and delivered thrugh dedicatin Bi Wrld Cngress n Industrial Bitechnlgy July 19-22, 2015