Renewable based Chemistry within Solvay

Transcription

1 Renewable based Chemistry within Solvay 9 èmes Rencontres de la Biomasse Gembloux, 14 Novembre 2012 Antoine Amory 1

2 Agenda Overview of Solvay Strong fundamentals Strategic vision Renewable based chemistry Epicerol Surfactants Solvents, additives Vanillin Cellulose acetate Polyamides 2

3 STRONG FUNDAMENTALS A major global chemical player with compelling strengths Our strengths Within top 10 worldwide largest chemical players 2011 PROFORMA 12.7bn NET SALES 2.1bn REBITDA 90% of sales in businesses standing among the top 3 global leaders Global presence with 40% of sales in fast growing countries 825m* NET INCOME Diversified end-markets creating resilience through cycles Differentiated innovation focused on sustainable development Committed to operational excellence targeting best-inclass process efficiency 656m** 29,000 EMPLOYEES 55 Countries FREE CASH FLOW REBITDA: operating result before amortization, non recurring elements, financial charges and taxes * From continuing operations ** Cash flow from operating activities + cash flow from investing activities, excluding acquisitions and sales of subsidiaries and other investments + dividends from associates and JVs. 3

4 STRONG FUNDAMENTALS Solvay in the global top league Among the largest chemical players w/w by revenue 2011, EUR billions Material Sciences (1) (2) (3) SOURCE: Reuters; Chemical & Engineering News; Annual reports 1) BASF excluding Oil and Gas activities 2) Evonik, excluding Real Estate activities 3) Proforma

5 STRONG FUNDAMENTALS Global leadership positions World leader with 90% of its sales in businesses where it is among the top 3 Specialty Polymers Silica & Rare Earth Systems Consumer Chemicals Essential Chemicals High Barrier Polymers, High-Performance Engineering Polymers & Compounds, Fluorinated Polymers High-Performance Silicas, Rare Earth Systems Specialty Surfactants, Phosphorus Chemistry & Diphenols #1 #1 #1 #1 Hydrogen Peroxide, Soda Ash & Sodium Bicarbonate Polyamide & Intermediates Vinyls & Acetow PA 6.6 Polymers, Intermediates & Engineering Plastics #2 #3 PVC, Cellulose Acetate Fiber 5

6 STRONG FUNDAMENTALS Strong footprint in fast growing regions North America 17% 25 INDUSTRIAL SITES 3,400 Latin America 14% 10 INDUSTRIAL SITES 3,700 Europe 43% 40 INDUSTRIAL SITES 16,300 Asia Pacific / Rest of the world 26% 35 INDUSTRIAL SITES 5,700 Plastics & Chemicals Rhodia 40% OF NET SALES AND INDUSTRIAL ASSETS 33% OF HUMAN RESOURCES 6

7 INNOVATION Boost innovation capabilities through open innovation 2011 proforma figures 12 major worldwide R&D centers 1,700 research employees 218m 54m 322 net R&D investment in venturing new patents North America 222 people Atlanta Bristol Paris Brussels Lyon Hannover Dombasle Milano Europe 1,219 people Asia 188 people Seoul Vadodara Shanghai Latin America 82 people Paulinia Major worldwide R&D centers Collaboration with major academic institutions Venture Capital investments 7

8 STRONG FUNDAMENTALS Well diversified end markets, creating resilience throughout cycles 29% 18% 17% Agriculture, Forestry and Fishing 2% 4% 4% 4% 7% 15% Electricals & Electronics 8

9 Agenda Overview of Solvay Strong fundamentals Strategic vision Renewable based chemistry Epicerol Surfactants Solvents, additives Vanillin Cellulose acetate Polyamides 9

10 STRATEGIC VISION Value creation through differentiated business strategic priorities Portfolio Strategic Management Energy Services Specialty Polymers 8% 16% Consumer Chemicals 16% 12% Advanced Materials Focus on growth opportunities: Organic growth Innovation External growth Double-digit profit growth Outperforming the market Special Chemicals Polyamide 3% 8% 10% Vinyls 18% Essential Chemicals 9% Acetow & Eco Services Focus on cash management and strategic positioning improvement: Improve contribution margin Reduce costs Enhance cash generation Regain strategic flexibility Secure sustained cash generation Proforma 2011 REBITDA Breakdown by businesses (excluded NBD / BCS) 10

11 STRATEGIC VISION Focused on Value creation Our ambition HIGH PROFITABILITY ROBUST CAPITAL STRUCTURE REBITDA 3bn* by 2016 STRONG CASH FLOW GENERATION VALUE CREATION CFROI > WACC Strong track record in transformation * At constant perimeter and assuming no major macroeconomic Presentation for crisis VALBIOM, 14 November

12 Agenda Overview of Solvay Strong fundamentals Strategic vision Renewable based chemistry Epicerol Surfactants Solvents, additives Vanillin Cellulose acetate Polyamides 12

13 Group Biosourced Raw Materials Worldwide Feedstocks spruce pine pine pine rapeseed corn/wheat pine rice castor bean guar sugarcane sugarcane eucalyptus coconut palm eucalyptus 13

14 A Group Engaged in Chemistry of Several Plant Feedstocks eucalyptus spruce pine coconut palm soybean rapeseed peanut castor bean Plants: a source of natural molecules and polymers sugars glucose polymers polysaccharides fatty acids alcohols glycerin sugarcane corn wheat rice guar 14

15 A Group Engaged in Chemistry from Biomass for Growing Applications solvents, monomers for inks, paints, coatings soaps, surfactants for shampoos and body wash plastics for automotive cables for filters additives for crop protection adhesives Composites Flavors Buiding blocks Epicerol Solvents - Monomers Augeo Epicerol Sipomer Surfactants Mirataine Alkamuls Miranol Rhodasurf Rhodameen Rhodapex Geropon Polymers Acetol Jaguar Rhodicare Rhodopol Rheozan Technyl exten Aromas Rhovanil Rhodiarome 15

16 Agenda Overview of Solvay Strong fundamentals Strategic vision Renewable based chemistry Epicerol Surfactants Solvents, additives Vanillin Cellulose acetate Polyamides 16

17 Epichlorohydrin: a key raw material for a wide range of industries E P I C H L O R O H Y D R I N Adhesives Electronics Home & Personal Care EPOXY RESINS NON EPOXY RESINS Paints & Coatings Composites Pulp & Paper Water Treatment 17 17

18 A reliable supplier & future leader of epichlorohydrin worldwide Seamless reliability of supply: 3 production facilities around the world (+ 1 project in China) Future global leader: projected Solvay epichlorohydrin output of 310 kt/y from 2015 on Transparency in dealing with other players in the supply chain: Solvay is not integrated dowstream in the epoxy resin business TAVAUX, France 50 kt/year RHEINBERG, Germany 60 kt/year MAP TA PHUT, Thailand 100 kt/year TAIXING, China 100 kt/year Start up by

19 Epicerol, a breakthrough in epichlorohydrin production Production routes for epichlorohydrin Epicerol process advantages (from gate to gate vs.classical process) Shift from fossil to renewable raw material CO 2 emissions and water effluents fossil energy consumption chlorinated by-products water and chlorine consumption RENEWABLE Glycerine EPICEROL PROCESS Propylene CLASSICAL PROCESS E P I C H L O R O H Y D R I N E P I C H L O R O H Y D R I N E P I C H L O R O H Y D R I N (identical physico-chemical properties) EPICEROL : > A breakthrough innovation developed and patented by Solvay > A drop-in substitute of oil-based epichlorohydrin > A clean technology based on a renewable raw material 19 19

20 Evaluating environmental impact calls for a Life Cycle Analysis (LCA) Scope of a full Life Cycle Analysis: from cradle Agriculture Oil drilling Scope of the Solvay comparative eco footprint: from cradle to gate Comparison between Epicerol and epichlorohydrin manufactured by a state of the art propylene based manufacturing unit EPICEROL Considering all the inputs and outputs PROCESS required by each process from the resource extraction to the Epichlorohydrin The study was audited and validated by Processes/Packaging/Logistics/ Glycerine Processes/Packaging/Logistics/ Processes/Packaging/Logistics/ Propylene CLASSICAL PROCESS E P I C H L O R O H Y D R I N Not considered in the study Uses and end-of-life are the same for both Epicerol and propylene-based epichlorohydrin Processes/Packaging/Logistics/ USES Processes/Packaging/Logistics/ to grave END OF LIFE 20 20

21 Epicerol helps its customers to reach environmental goals 100% renewable bio-sourced carbon Agriculture Oil drilling Processes/Packaging/Logistics/ 61% Global Warming Potential (GWP) Glycerine Propylene Processes/Packaging/Logistics/ 57% non renewable energy consumption EPICEROL PROCESS CLASSICAL PROCESS Processes/Packaging/Logistics/ E P I C H L O R O H Y D R I N Sharp decrease of the Global Warming Potential Shift from fossil to renewable source of raw materials and energy 21 21

22 Epicerol sharp decrease on Global Warming Potential (GWP) Compared to the state of the art propylene-based process, Epicerol shows a 61% reduction in GWP Oil-based EPICHLOROHYDRIN -61% in GWP EPICEROL - 34% due to the carbon capture by the plants (the so-called biogenic CO 2 ) - 27% reduction of the greenhouse gas emissions (related to the efficiency of the processes) Customer s Advantage: Integrating 1MT of Epicerol (instead of classical epichlorohydrin) in customer s product reduces its carbon footprint by 2.56 MT CO 2 equivalent! 22 22

23 Agenda Overview of Solvay Strong fundamentals Strategic vision Renewable based chemistry Epicerol Surfactants Solvents, additives Vanillin Cellulose acetate Polyamides 23

24 Biosourced Fatty Acids : Feedstocks for Many Surfactants Surfactants : molecules made of two distinct blocks: one presenting a strong compatibility with oils, one presenting a strong compatibility with water. fatty acids lauric C 12 cetylic C 16 oleic C 18 stearic C 18 erucic C 22 + polar part ions hydrophilic blocks surfactants ionics anionics cationics amphoterics non-ionics 24

25 Biosourced Surfactants Applications in Fluid Formulations Due to their properties: foam control, surface modification, cleaning, emulsion, rheology : Miranol, Rhodasurf, Rhodameen Surfactants are used as performance additives for fluid formulations in several industries : personal care, home care, metal treatment, industrial cleaning, oil extraction, crop protection. The renewable source is a positive element for higher value added applications. 25

26 Amphoteric Biobased Surfactants : Well suited for Personal Care Betaines amphoteric surfactants : Mirataine Fatty acid + DMAPAmine + chloroacetate Na very soft and foamy surfactant, compatible with other surfactants and soluble in electrolyte solutions emulsifiers, thickeners, antistatics, foaming agents for : shampoos, body washes, liquid soaps, bubble bath gels, conditioners,detergents. 26

27 A Natural Origin Expected by the Consumers Cocoylisethionate sodium Geropon fatty acid + Surfactant for cleansing personal products shower gels, shampoos, facial cleansers, liquid soaps, brings softness for skin cleansing care, foaming agent efficient with hard waters, forms a light foam, leaves the user with a cleanliness and soft care feeling with light moisturizing. The consumer is looking for a natural product for skin care and soft feeling. Miracare Plaisant brings : high softness, deep cleansing, soft and silk feeling after use. 27

28 Sugar Feedstocks A Source of Hydrophilic Blocks Rhodopol Rhodicare xanthan Rheozan succinoglycan corn wheat starch enzymatic hydrolysis glucose sorbitol sorbitan RCOO biosourced fatty acid oil emulsifiers 100 % biobased Alkamuls non ionic surfactant sorbitan ester 28

29 Examples of Biobased Chemistry Pine Resins Derivatives : monomers, surfactants, fragrances ethoxylation Rhodoclean non ionic surfactant low foaming metal cleaning terpene EOPO pinene methacrylic acid Sipomer HPM monomer for polymer thickener terpene EOPO methacrylate pine methacrylic acid Sipomer monomer for high performance coatings IBOMA camphene Rhodiantal ingredient for fragrance formulation IBOcyclohexanol 29

30 Agenda Overview of Solvay Strong fundamentals Strategic vision Renewable based chemistry Epicerol Surfactants Solvents, additives Vanillin Cellulose acetate Polyamides 30

31 Sugar and biomass Feedstocks For Solvent and Surfactant Developments ethylene oxide Rhodapex ESB70NAT ethylene Augeo Biobased solvents sugar ethanol acetaldehyde acetic acid ethyl acetate solvents for inks, coatings, paints, adhesives Demo plant Integration within a sugar mill in Brazil butanol butyl esters Glycerin Slow evaporating solvent 31

32 Biosourced Polymers Guar Example cyamopsis : crop growing in semi arid regions seeds contain polymannose branched galactose : guar gum OH OH Cyamopsis tetragonoloba H HO H H H H O O HO OH O H HO H H O H H H O HO OH H HO H O H H n Beans water soluble high molecular weight (3 million g/mole) highly viscous water solutions (1% 5000 mpa.s) Splits (raw material) 32

33 Guars and Derivatives Additives to Control Rheology in shampoos for hair conditioning as fluid thickener for oil extraction in hydroalcoholic gels for hand sanitizing as softener as antidrift agent in agricultural products for crop protection 33

34 Agenda Overview of Solvay Strong fundamentals Strategic vision Renewable based chemistry Epicerol Surfactants Solvents, additives Vanillin Cellulose acetate Polyamides 34

35 Vanillin: various production routes 35

36 Fermentation Technologies Open New Routes : ex. Flavors OH OH OCH 3 OCH 3 fermentation rice bran COOH ferulic acid CHO vanillin Rhovanil Natural Vanillin is use in food industry, in perfumery, and as a fragrance in detergents. The flavor obtained through the fermentation process : a strong vanilla aroma, rich and full body, with a sweet flavor of caramel and cocoa, used in candies, drinks, ice creams to reinforce vanilla aroma and chocolates aromas, caramel and malt to sweeten extracts, fruits aromas, such as of strawberry, raspberry, banana, fruit blends. 36

37 Agenda Overview of Solvay Strong fundamentals Strategic vision Renewable based chemistry Epicerol Surfactants Solvents, additives Vanillin Cellulose acetate Polyamides 37

38 Cellulose Acetate: A Success in Wood Chemistry Cellulose is the most abundant organic feedstock: - more than 50 % of biomass, - quantity synthesized by plants is 50 to 100 billions tons per year, - as a comparison, petroleum production is 4 billions tons per year. acid treatment at T > 100 C lignin extraction hemicellulose extraction wood pulp cellulose fibers 38

39 Cellulose Acetate Many Applications Consumer goods Acetol raw material for cigarette filter tows, textile fibers, clothes, eyeglass frames, design objects, tool handles, protective films for LCD, adhesive films, 39

40 Wood acetylation License from Accsys Technologies for manufacturing and distrubution of Accoya High performance modified wood (soft wood as well as hard wood) performance equivalent or better than exotic wood Leverage of Solvay s know how in acetylation technologies 40

41 Agenda Overview of Solvay Strong fundamentals Strategic vision Renewable based chemistry Epicerol Surfactants Solvents, additives Vanillin Cellulose acetate Polyamides 41

42 Natural Oils : A Feedstock as well for Plastics Sebacic acid C 10 is synthesized from ricinoleic acid extracted from castor oil Polyamide 6,10 is prepared from diamine C 6 and sebacic acid C 10 PA6,10 broadens polyamides application field to high tech applications with: strong mechanical and thermal performances similar to PA 6, with a high melting point (215 C) an exceptional chemical resistance, similar to polyamides 11 and 12 Used to manufacture pipes and tubes for engine fuels in automotive applications Engineering Plastics are often able to replace steel and aluminum, since they can bring significant weight savings. A high performance application for a biosourced product in a highly technical sector. 42

43 Polyamide 6,10 High Performance Biobased Polymer Offers Significant Environmental Footprint Reduction Price PA 10T Longer carbon chain + chemical resistance + low water uptake + low density Based on HMDA and sebacic acid, PA 6.10 is the most economic Bio PA polymer. PA 6.12 PA 12 PA PA 11 PA 6.10 Compared to other high-performance polyamides, it offers technical performance and cost-effective profile. Its excellent chemical resistance to salts, as well as to steam and hot water and its low humidity absorption characteristics makes it an excellent alternative to longer carbon chain polyamides. PA 6.6 PA 6 Shorter carbon chain + high barrier to fuels + high temperature resistance Oil-based Bio-sourced Climate change, kg CO 2 eq Using carbon from natural origin, and with simple and direct chemical processes: the synthesis of polyamide 6,10 is an efficient chemistry for CO 2 emission. PA 12 PA kg CO 2 saved PA

44 Solar impulse invents the future with Solvay Thanks for your attention Image Jean Revillard 44