World Congress on Industrial Biotechnology

Transcription

1 World Congress on Industrial Biotechnology Advancing Technology in a Biobased Economy May 14, 2014

2 Sirrus Brief Overview 2

3 Sirrus Overview Developing and commercializing an innovative chemistry platform Key Statistics Disclosed Investors Ø Founded in 2009 Ø Experienced management team Ø Investors across multiple industries Ø Located in Loveland, OH Ø 32 employees, primarily technical Ø 35,000 ft 2 facility Ø Synthetic, analytical, process development, formulation, and characterization capabilities 3

4 A transformative platform A Breakthrough family of monomers Key Attributes What is the Breakthrough? Ø A Polymer Platform 130 Years in the Making Super Glue Speed Ø Discovered 1877, but difficult to stabilize High Strength Ø Sirrus developed high yield, stable production process 100% Solids and No BPA Ø Protected by 15 patents and patents pending Room Temperature Cure 4

5 A transformative platform Our platform monomers 5

6 Chemistry enables innovation Sirrus Focuses on enabling Competitive advantage for its partners Cost of Doing Business Source of Competitive Advantage Innovation Scale Automation Process Quality and Control Sirrus expands business models and manufacturing options available to partners, providing market dominance through applications of monomer chemistry that enable manufacturing excellence and innovation 6

7 Our core competencies Our focus is on the science of polymerization Monomers Derivatives Platform with fast, room temperature polymerization Wide scope of derivatives enable tailorable systems Activation Polymerization on Demand Polymerization In Plant Stabilization Patent Pending technology enables commercial scale production, storage, distribution and formulation 7

8 Our value proposition Combining performance and capital efficiency Performance Savings Enables new substrate selection Dramatically improve process efficiency Replace undesirable materials Significantly reduce energy consumption Uniquely enhance resin functionality Lower overall capital cost 8

9 High performance monomer Acrylic Acid Serves as a Guide for Application potential Acrylic Acid Sample Applications Hundreds of Acrylic-Derived Molecules ( monomers ) Thousands of Formulated Products: Adhesives Inks Coatings Plastics Composites Fabrics Tens of Thousands of Applications Household paints Wood glue Super glue Diapers Sweaters Tapes Plastic surgery Plexiglas Enhanced oil recovery 9

10 Winning in a biobased economy 10

11 Tenets of economic performance Scale and cost become important drivers for new monomers Tenet 1: Cost High ASP more difficult to maintain, so value must be driven through cost reduction and increased sale quantities, making production capacity and utilization an important value driver. Tenet 2: IP IP must be very strong within our basic core competencies. Tenet 3: Partnerships Partnership agreements should consider speed to market, size of market and ability to cross license IP to ensure as broad as possible market adoption. Tenet 4: Performance Technology development should focus on achieving a suite of monomer/ polymer characteristics that are widely valued in commerce while taking advantage of our point of differentiation in 1,1 disubstitute alkene chemistry Tenet 5: Financing Larger scale facilities will require additional project finance; manufacturing JVs and other similar financing arrangements should be strongly considered. 11

12 Cost: Feedstock diversification Oxygen rich product enables competitive bio-route Petro-Based: Chloroacetic Acetic Acid Malonic Acid DEM Acid Intermediate Bio-Based: Intermediates DEMM Commercially Practiced Potential 12

13 Biobased conversion route Oxygen rich product enables competitive bio-route [2] O2 [2] [4] [2] [2] O O O O CH2 + [2] H2O + [6] H2O As can be seen, the conversion from glucose to malonic acid is highly efficient, generating yields on a mass basis of over 100% The secondary reaction steps are also efficient, with the only co-products being water 13

14 Production cost Significant yield advances enable cost reduction Production Cost Per Pound of Chemilian Raw Material Utilities Labor and Operating Overhead Depreciation Increasing Scale and Yield 14

15 High performance monomer Tri-functionality provides performance and adaptability The highly reactive electron deficient alkene group promotes fast polymerization at room temperature. Functional groups enable physical properties such rigidity, flexibility, crystallinity, thermal and chemical resistance. 15

16 Combining Monomer and Multifunctionals Covers a wide range of properties Flexibility Processiblility 4 2 Hardness Forza 0 Chemilian Thermal Stability Chemical Resistance 16

17 Focus on partnerships Automotive example Tier 1 Suppliers Tier 2 Suppliers OEMs Monomers Derivatives Formulated Products Applications Existing supplier network is better positioned to serve OEM s Our technology will enable design and release of materials and processes never thought possible 17

18 Application opportunities Automotive example Rapid glass bonding Windshield bonding Low Temp Cure Coatings Specialty polymer Low cost composites Automotive light-weighting Aluminum frame bonding 18