Jack Oswald CEO. SynGest Inc.

Transcription

1 Jack Oswald CEO SynGest Inc.

2 20 Questions What s a guy from San Francisco doing out here?

3 Visit Meeting (In-person preferred) Phone call

4 Anhydrous Anhydrous Ammonia

5 Vegetable Vegetables, it s what food eats

6 MN NE IA Example of the Coriolis Effect

7 Cornucopia BioRefinery The Three F s: Food, Fertilizer and Fuel

8 Cornucopia Model - Credits Jim Eiler, Eiler Capital Advisors Dave Coppess and team, Heartland Coop Doug Holliday, IA Corn Growers Assoc. Pete Moss and team, Frazier Barnes and Assoc. Dr. Robert Brown, Iowa State U. Dr. Ravi Randhava, CTO, SynGest Inc.

9 The Pu#ng Intersec;on the of Power Energyof Nature and to Agriculture Work BioAmmonia TM from Biomass America s Strategic Fuel and Fer3lizer

10 Commercialization Of a Private R&D Lab

11 Anhydrous Ammonia Fuel Fertilizer

12 Biochar makes SynGest Carbon Negative CO 2 HarvestGas System BioAmmonia Fertilizer Biochar High value soil conditioning agent (Carbon Sequestration)

13 SynGest BioAmmonia TM Process BIOMASS FEEDER SYNGAS YIELD ENHANCEMENT & HEAT RECOVERY AIR SEPARATION PLANT O 2 FLUIDIZED BED GASIFIER WATER GAS SHIFT & PRESSURE SWING ADSORPTION N 2 H 2 AMMONIA SYNTHESIS AMMONIA STORAGE PROVEN TECHNOLOGY

14 Syngas/BioSyngas Applications H 2 /CO = <1 H 2 /CO = PSA/99.99 H2 FOR AMMONIA H 2 /CO = >50 H2 FOR FUEL CELLS H 2 /CO = >50 ETHANOL (FERMENTATION) BUTANOL DIMETHYLETHER (DME) HarvestGas TM H 2 /CO = 1.25 FISCHER TROPSCH MIXED ALCOHOLS H 2 /CO = 2.25 METHANOL H 2 /CO = >2 FISCHER TROPSCH DIESEL biomass to syngas natural ra3o H 2 /CO = 1 H 2 /CO = 2.25 ETHANOL H 2 /CO = with water gas shi=

15 SynGest Menlo LLC/ Proposed First Site 3550 Talon Avenue, Menlo, IA Option on 75 acres Adjacent to operating ethanol plant Near Interstate 80 (7 miles) Rail access to the site 45 miles from Des Moines Biomass requirements: 130,000 TPY

16 Biomass Drove the Design Low cost Availability Re-modeling: Started with a paint job Ended re-building the whole house

17 Biomass Considerations Maximum sustainably harvested crop residue Cheap Stover:? Corn cobs: 100% harvestable annually

18 Corn Cobs How are you going to collect all those cobs?

19 Corn Cob Harvest Research Focus groups Equipment manufacturers Academic researchers Logistics Interested businesses Biomass Conference: IA State BECON Center

20 Key Criteria Farmers Inexpensive Slipstream Bankers 100% annually reliable Credit worthy supplier

21 Farmer Concerns If it slows me down I am not interested During a challenging harvest, I ll unhook it, or turn it off, and you won t get your cobs Rational Response: Must protect core business

22 Conclusion 1: Farmer Driven Must slipstream with existing harvest approach Must protect the core business

23 Finance Concerns Biomass supply chain must be 100% reliable Requires credit worthy harvesting and supplier(s) Supply contract terms match the term of the loan

24 Conclusion 2: Finance Driven Includes Conclusion 1: Farmer Driven Supplier must have a track record Supplier must provide a guarantee of delivery

25 Limited Options Conclusion 3

26 Cornucopia BioRefinery Not your typical breakthrough

27 Cornucopia Technology Slipstream biomass harvesting Dry milling a.k.a. Fractionation Fermentation Gasification Food-grade oil extraction

28 Slipstream Harvesting Corn / Corn cob mix Reliable Addresses Farmer and Finance Concern Leverages existing coop infrastructure Inexpensive: $15/T JIT delivered cost

29 Fractionation Endosperm (starch) = fermentation Germ = food-grade vegetable oil / protein Bran and cobs (cellulose) = gasification

30 Endosperm (starch) fermented into fuels Today = Ethanol Soon = BioButanol, Diesel, etc. a.k.a. Drop-in 20% increase in production for existing plants Lower cost per gallon Higher net energy Lower carbon content Fermentation

31 SynGest Gasification Bran / cobs Carbon-negative NH 3 Methanol, DME >50% less fossil energy/ carbon

32 Food-Grade Oil / Protein Low cost GRAS solvents Food-grade vegetable oil Food-grade protein (dry / de-oiled) Combined value greater than DDGS Maximum food value

33 Corn Corn Food Fuels Cornucopia BioRefinery Complex Food Fuels Maximizing Food, Fertilizer and Fuel Production from Every Ear of Corn Biomass Biomass Fer;lizer Fuels Fertilizer Fuels Biomass Corn Crop Gasificat ion Food Carbon- Anhydrous Ammonia and Carbon Protein Fertilizer Food Grade Oil Fermentation Fuel Gasification

34 SynGest Project Cornucopia Where Energy and Agriculture Meet The Three F s: Food, Fertilizer and Fuel DRY FRACTIONATION GERM ENDOSPERM BRAN AIR GRINDING ENZYMATIC SACCHARIFICATION HARVEST GAS GASIFIER AIR SEPARATION UNIT OPROTEX EXTRACTION TECHNOLOGY FERMENTATION WATER GAS SHIFT & PSA N 2 FOOD GRADE CORN OIL HIGH PROTEIN FEED DRY STILLAGE (Riboflavin Rich) CO 2 /H 2 PURE H 2 EXTRACTIVE SEPARATION NH 3 SYNTHESIS ISO-BUTANOL ANHYDROUS AMMONIA FERTILIZER

35 RFS2 Compatibility Mandate: fuels from non-food biomass Assumes food v.s. fuel conundrum

36 A Different Approach Maximizes benefits of cellulose Simultaneously produce The Three F s: Food, Fertilizer and Fuel Indirect way of achieving >50% reduction in GHG Carbon-negative nitrogen fertilizer Cornucopia BioRefinery exceeds goals of RFS2

37 Industry Opportunity Increase existing 12B GPY to 14.4B GPY Drop-in fuels opens doubling of capacity BioButanol blends with gasoline and diesel Compatible with existing pipes, tanks, cars/trucks 12 new Cornucopia BioRefineries annually Retrofit existing plants

38 Big Finale Advanced Biofuels Industry Chant

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45 TillBabyTill.com

46 Cornucopia BioRefinery Coming soon to America