Transforming plastic waste into valuable low-carbon fuel
I N T R O Why are the top green organizations......standing at our side along with the worlds largest oil trader? 08 August 2018 2
C R E A T E E F F I C I E N T P L A S T I C R E C Y C L I N G Pioneering the plastic recycling / reutilisation industry giving plastic waste a second life Capturing local plastic waste as a resource through small plants with proven technology producing high-quality, synthetic diesel. Low-carbon fuel Re-use plastic waste. 85-90 % GHG emission in fuel production. Reduce local emissions in fuel consumption (Nox, Sox, particles). 08 August 2018 3
F E E D - S T O C K : P L A S T I C W A S T E Plastic waste a global environmental problem also representing an unlimited source of feed-stock for fuel production 2015 2050 Plastic production (million tonnes) 322 1 124 Relevant plastic waste feed-stock (million tonnes) ~200 ~700 Share of oil for plastic production 6% 20% Plastic to fish ratio in the ocean 1:5 1:1 Source: PlasticsEurope 08 August 2018 4
S E C U R I N G F E E D S T O C K Plastic waste a major problem with limited use and cost to waste mgmt first-mover advantage to secure long-term supply Ideal plant location key- side for transportation of fuel Every metropolitan area with > 500 000 inhabitants with sufficient feedstock for a 60 tonnes plant 08 August 2018 5
I N T R O After 10 years of development with industry experts and NOK 100 mill invested, we present some pretty amazing facts: We transform plastic waste into valuable, lowcarbon fuel with ~75 % efficiency We quickly deploy small, efficient plants, transforming local waste, creating jobs and reducing pollution We are planning to scale fast, to ensure having a global impact 08 August 2018 6
D E V E L O P M E N T P R O C E S S Ready for roll-out after a ten year development process R&D, testing and verification 300 catalysts tested Biomass, natural gas and plastic From labscale to demo Full-scale plant and Detailed engineering Proof-of-concept in industrial scale Supplier selection DD and Vitol sign off Construction and Production start Modular production unit Supply- and offtake Planning for capacity roll-out 30-ton modular roll-out Logistic and construction management 3 plants in production Large plant in ARA 2007 2013 2017 2019 2021 08 August 2018 7
T E C H N O L O G I C A L F O U N D A T I O N Quantafuel transforms waste to fuel in a unique catalytic PtL process Plastics Pyrolysis oil (in Fuel Fuel PE gaseus state) Hydrocarbons Hydrocarbons Reactors Alkanes 40% Quantafuel Catalyst System (QCS 9.0) Alkanes > 90% Distillation Gasoline 15% (C 6 H 14 C 10 H 22 ) Aromatics 30% Diesel 70% (C 10 H 22 C 22 H 44 ) PP Heating Oil 5% Olefins 30% (C 23 H 48 C 28 H 58 ) + ~10 % natural gas used for heating of plant (plant self-sufficient with energy providing ~1,5 MW in surplus heating) 08 August 2018 8
U N I Q U E C A T A L Y S T S O L U T I O N A N D P L A N T D E S I G N Quantafuel with unique and proprietary catalyst and enabling small, efficient plant design constructed with tried and tested components 5 4 1 2 3 1 Plastic Feeding 2 3 4 5 Plastic gasification through pyrolysis Catalyzt Distillation Storage and offloading 08 August 2018 9
F I R S T P L A N T U N D E R C O N S T R U C T I O N First commercial plant, a 60 tonnes per day plant in Skive, Denmark is under construction with first-oil expected end of Q1 2019 08 August 2018 10
NORMAL QUANTAFUEL P R O D U C T : C O M M O D I T I S E D M A R K E T Quantafuel produces fuel at a major cost and price advantage Feedstock cost: 0 USD/MT Low-carbon fuel price: ~0,92 USD/l Plastic waste PTL plant Bulk fuel trading (oil trader) Oil Platform Refinery Commodity price: ~0,48 USD/l Feedstock cost: Oil price 08 August 2018 11
F U E L P R I C I N G Huge and growing market for low-carbon fuel at premium price in EU 340 million tonn fuel market slow, steady growth EU Parliament announcement: Waste-based fuels be included in targets of share of fuels >1,5 % in 2021 and >10 % in 2030 1) Transportation fuel consumption in the EU expected to remain stable. Less gasoline consumption more or less offset by increase in diesel and marine diesel 08 August 2018 12
S T R A T E G I C P A R T N E R S H I P A G R E E M E N T S I G N E D Global off-take and partnership agreement with Vitol Strategic partnership agreement The world largest independent energy trader, 180 BUSD revenue 08 August 2018 13
I N T E N T I O N T O B U I L D A L A R G E P L A N T I N A R A 50/50 JV to build a 300 ton per day plant in ARA The ATPC refinery in Atwerpen At Vitols refinery in Antwerpen: CAPEX; 90-100 MUSD (300 ton) EBITDA 50 MUSD 80 million litres per year 200.000 ton Co2 reduction = 100.000 cars 08 August 2018 14
Transforming plastic waste into valuable low-carbon fuel