Cellulose Ethanol: Not just a renewable fuel. Congressional Briefing Washington, DC February 12, 2007
Broin? A technology provider committed to research collaborations with world-class leaders. Broin is about innovation and integration Defining the future by building the first biorefinery of its kind to produce ethanol from corn stover and fiber.
US Ethanol Market Share Including Plants Under Construction November 2006 BROIN, 11.6% Small Producers, 47.6% ADM, 11.1% VeraSun, 5.8% US Bioenergy, 5.1% ASAlliances, 3.1% Cargill, 1.2% The Andersons, 2.8% Renew Energy, 1.3% Midwest Grain Processors, 1.6% Abengoa, 2.1% Aventine, 2.1% Tate & Lyle, 2.2% Hawkeye Renewable, 2.3%
Broin s Project LIBERTY What is Project LIBERTY? Transformation of an existing conventional dry mill ethanol facility into a commercial scale biomass-to-ethanol facility Additional value-added agricultural products for the U.S. farmer and greater economic impact to rural America
Emmetsburg Site
Improved Ethanol Efficiency 600 555 500 483 400 436 300 200 With 25% of the Stover 100 With Fiber Conversion 0 Base Rate (2005) Gallons/Acre Base Rate (2005) With Fiber Conversion With 25% of the Stover
Project LIBERTY Project LIBERTY deliverables: 11 percent more ethanol from a bushel of corn 27 percent more ethanol from an acre of corn 24 percent reduction in water usage 83 percent less fossil fuel consumption
Future Plants 100 7 90 4 Number of Facilities 80 70 60 50 40 1 3 7 11 1 3 15 7 20 1 11 25 15 30 30 20 10 23 27 31 35 39 39 39 39 39 39 39 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
America s Challenge Reducing climate change Strengthen energy security Revitalizing rural economy Safeguarding water resources
Ethanol s Contribution to the economy Ethanol put an additional $5.7 billion into pockets of American consumers last year. The production of 4 billion gallons of ethanol means the US imports, burns and releases carbon from 170 million less barrels of oil. John Urbanchuk, LECG
AS OF: November 2006 In operation Construction Proposed (107) 5.12 bgy (56) 3.80 bgy (108) 6.96 bgy
The economic impact of the spending and investing of the dividend income by farmer-owners and their families will add more than $53 million to the economy and generate an additional $33 million in household income. The economic activity resulting from the injection of dividend revenue from the farmer-owned ethanol plant to the community will support the creation of an additional 821 jobs in the entire economy. NCGA
Ethanol Plant Economics Uses nearly 21 Million Bushels of Corn Improves local corn value by $3 - $6 million @ $.05 - $.10 per bushel Over 175,000 Tons of Dried Distillers Grains Approximately $105 Million Project Investment Approximately 120 trucks per day to the plant
Local Economic Impact $60-160 Million Annual Area Expenditures (Construction) @ 5,000 motel rooms / beds @ 29,000 meals / groceries @ 4,500 tanks of gas @ 20,000 snacks @ 20,000 soft drinks Local beverage, entertainment & recreation establishments $$$$$ Local supplies, materials, services
Local Economic Impact Approximately $2 Million Local Payroll 40 New Jobs (+90% local) Increased Local Tax Base Good Corporate Citizen Support for Local Organizations Fire Departments Local Schools, Hospitals Local Event Sponsorships
Our Challenge Global Warming The debate is over. It is the issue. Dependency on Foreign Oil For too long our nation has been dependent on foreign oil it is in our vital interest to diversify America s energy supply. President George W. Bush, 2007 State of the Union 35 Billion Gallons by 2017 The vision is clear
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