Biofine Technology, LLC “Cellulosic Biodiesel” www.biofinetechnology.com 1 CELLULOSE AND STARCH THE BIOFINE PROCESS CELLULOSIC BIODIESEL BIOFINE PRESENTATION OUTLINE THE BIOFINE “BIO-REFINING” PROCESS LEVULINIC ACID: A VERSATILE PLATFORM CHEMICAL LEVULINATE ESTERS: A NEW CLASS OF CELLULOSIC ADVANCED BIOFUELS TEST WORK (BROOKHAVEN NATIONAL LABORATORY) LIFE CYCLE CARBON DIOXIDE SAVINGS AND BENEFITS FOR HEATING OIL FEEDSTOCKS AND POTENTIAL LOCATIONS PRODUCTION - WHAT WILL IT COST? BIOFINE Biofine Process – Fast Chemical Conversion Cellulose First Stage “Plug Flow” Reactor Sugars Fast Reaction (Seconds) Intermediates I OHC O C H 2O H HMF Slower Reaction (Minutes) Intermediates II Levulinic Acid Second Stage “Back Mixed” Reactor (50wt %) BYPRODUCTS: Tars (30 wt%) Formic Acid (20 wt %) THE BIOFINE PROCESS (THE “BIOREFINERY”) FEEDSTOCKS PRODUCTS “BIOMASS” CROPS LEVULINIC SPECIALTY ACID CHEMICALS ARGICULTURAL RESIDUES COMMODITY CELLULOSIC SLUDGES THE WASTE BIOFINE PAPER CHEMICALS FORMIC ACID DOWNSTREAM CONVERSION HERBICIDES PESTICIDES PROCESS WOOD FURFURAL HEATING OIL STARCH MOLASSES BIOFINE LIGNEOUS TRANSPORTATION CHAR FUELS LEVULINIC ACID: ONE OF THE U.S. DEPARTMENT OF ENERGY’S “SELECT TWELVE” PLATFORM CHEMICALS FROM BIOMASS O O O OH HO HO OH O HO OH O NH 2 succinic acid 3-hydroxypropionic acid O HO OH O HO OH 4-hydroxybutyrolactone O OH OH O itaconic acid OH OH O O glycerol aspartic acid HO HO OH NH 2 O glutamic acid O levulinic acid O O HO O OH 2,5-furandicacboxylic acid O OH OH OH OH OH OH HO OH OH OH xylitol OH OH OH sorbitol OH OH O glucaric acid 8 Liquid Fuel Markets • U.S. Fuel Markets: – Heating oil – 7+ billion gallons – Diesel Fuel – 53+ billion gallons – Gasoline – 140+ billion gallons DRIVERS FOR RENEWABLE LIQUID FUELS Sustainable Development (Social, Economic and Environmental) Kyoto – Reduction of Atmospheric Carbon Emissions Legislation (Carbon Control Programs for Fuels) Synergy with Primary Carbon Use (Liquids) Convenience of Use -High energy content (Liquid Fuels) Improved Product Performance (Cleaner Burning) Security of Supply (Home Grown Fuels) Agricultural Support (Energy Farms, Ag Byproducts) New Business Potential (Huge markets) LEVULINATE ESTERS “CELLULOSIC BIODIESEL” A NEW CLASS OF ADVANCED BIOFUEL FOR USE IN COMMERCIAL AND RESIDENTIAL HEATING OIL BIOFINE “CELLULOSIC BIODIESEL” LEVULINIC ACID ESTERS • • • • • • • • • • • • • EASILY PRODUCED FROM LEVULINIC ACID AND AN ALCOHOL (ETHANOL OR METHANOL) BIODIESEL FROM NON-FOOD FEEDSTOCKS - CELLULOSE GREENHOUSE GAS SAVING – OVER 90% GRAS - PRESENT MARKET IS IN FLAVORS AND FRAGRANCES SAFE - HIGH FLASH POINT TEMPERATURE LOW FREEZING POINT CLEAN COMBUSTION (HIGH EFFIC, LOW PARTICULATE) ROUTE FOR METHANOL OR ETHANOL INTO HEAVY FUELS REASONABLE ENERGY DENSITY (100,000 BTU PER GALLON) LOW VISCOSITY, HIGH LUBRICITY BLENDS WITH BIODIESEL IN ALL PROPORTIONS MUTUAL SOLVENCY WITH BIODIESEL IN DIESEL AND H.O. EXTENDS AVAILABILITY OF FAME TO MEET DEMAND BIOFINE LEVUINATE ESTER FUEL TESTING PROGRAM AT BNL •LEVULINIC ESTER BLENDS WITH BIODIESEL AND No. 2 HEATING OIL FUNDED BY NORA, BIOFINE AND BNL • • • • • • • OXIDATIVE STABILITY (RANCIMAT) ELASTOMER TESTING (NITRILE, VITON, TEFLON) (IN-PROGRESS) COMBUSTION TESTING (EFFICIENCY AND EMISSIONS) BLEND MISCIBILITY ESTERS WITH BIODIESEL AND No.2 H.O. COLD TEMPERATURE BEHAVIOUR (CLOUD/POUR) (IN PROGRESS) WATER ABSORPTION BURNER CLEANING EFFECT FOR GUM DEPOSITION (IN-PROGRESS) BIODIESEL OXIDATIVE STABILITY – EFFECT OF LEVULINATE ESTERS BNL DATA COMBUSTION QUALITY RESULTS • SUMMARY (Operational data from oil-fired test boiler at BNL) CO (ppm) CO2 % SO2 (ppm) EFF% NOx (ppm) No. 2 Oil 6.6 13% 61 86.6% 119 Levulinate Ester 2.1 10% 2 86.2% 39 LEVULINATE ESTER COMBUSTION IN OIL BURNER B.N.L. Photos 100% E.L. and No. 2 Heating Oil (B.N.L. notes lean burn of E.L. and less excess air required) Ethyl Levulinate EL-100 BIOFINE No. 2 Home Heating Oil GENERATOR TESTING - 35% LESS SMOKE WITH LEVULINATE ESTER BLEND Texaco R&D funded by NYSERDA 3.5 3 2.5 2 1.5 1 0.5 0 LSRD 1 LE Blend LSRD 2 LEVULINATE ESTER USE WITH BIODIESEL (FAME) - MISCIBILITY B.N.L. Photo of 50% Levulinate Ester and 50% Biodiesel BIOFINE LEVULINATE ESTER USE WITH BIODIESEL (FAME) - MISCIBILITY B.N.L. Photo of 5% Ester, 5% Biodiesel, 90% heating Oil BIOFINE LOW TEMPERATURE BEHAVIOUR OF ESTER BLENDS • TESTING IN PROGRESS PER ASTM D-5771 AND D-5950 • INITIAL QUALITATIVE TESTING CONFIRM SIGNIFICANT LOW TEMPERATURE BENEFITS ON CLOUD POINT AND CFPP WATER ABSORPTION WITH ESTER BLENDS • HEATING OIL/BIODIESEL/ESTER BLENDS REJECT WATER • BLENDS ARE STABLE IN PRESENCE OF WATER • NO MEASURABLE CHANGE IN SEPARATED WATER VOLUME • SUPPORTED BY PREVIOUS TEST WORK (PER ASTM D-1094) GREENHOUSE GAS LIFE CYCLE ANALYSES FOR LEVULINATES • FUNDED BY BIOFINE • CARRIED OUT INDEPENDENTLY BY EARTHSHIFT LLC (VERMONT/N.H.) • “GREET” MODEL (ANL) • ASSESSMENT OF THE SUSTAINABILITY OF BIOMASS-DERIVED FUELS • COMPARED LEVULINATE ESTER TO BIODIESEL AND GASOLINE/DIESEL Urban Solid Waste Material and Energy Flows for Production and Utilization of Chemicals & Fuels from Biomass BIOFINE LEVUNIATE ESTERS VERSUS FOSSIL FUEL GHG EMISSIONS FROM LEVULINATE ESTERS VS CONVENTIONAL FOSSIL FUELS 600 500 400 300 200 100 0 GASOLINE DIESEL GRAMS GHG PER MILE LEVULINATE ESTER GHG EMISSIONS FROM LEVULINATE ESTERS AND SOY BIODIESEL GHG EMISSIONS FROM REGULAR DIESEL, SOY BIODIESEL AND LEVULINATE ESTER Kg per million BTU 100 80 60 40 20 0 REGULAR DIESEL -20 SOY BIODIESEL LEVULINATE ESTER SIGNIFICANCE FOR HEATING OIL EMISSIONS BLENDING REQUIREMENT WITH HEATING OIL TO ACHIEVE GHG PARITY WITH NATURAL GAS HEAT SOY BIODIESEL – 12% LEVULINATE ESTER – 6% 50/50 BIODIESEL/LEVULINATE ESTER BLEND – 9% ECONOMIC IMPACT OF LARGE SCALE COMMERCIAL APPLICATION Facility Feedstock Capacity Direct jobs created Supply jobs created Induced jobs 1,000 dry tonnes per day 90 full time equivalents 58 full time equivalents 337 full time equivalents TOTAL JOBS CREATED 486 full time equivalents Construction jobs created Petroleum Displacement 565 job years (250 per year) 1,000,000 barrels/yr Innovative Natural Resource Solutions LLC BIOFINE Co-location Pulp and/or paper mill Power Plants Waste Recycling Plants Saves capital and operating costs Leverages existing infrastructure and resources 29 PROCESS ECONOMICS: BIOREFINERY CAPITAL, OPERATING COST and PROFITABILITY Facility type Dry woody biomass (forest residues) Capacity – (Ester: Metric Ton /yr) ISBL Capital $MM (incl. power island) Feedstock Cost Large Scale Brown Field 1000 Dry Metric Ton/day 145,000 $200 million $70/dry Metric Ton Manufacturing cost($/MT of EL) $606/metric ton By Product Credit ($/MT of EL) $180 per metric ton Total Production Cost $/MT ($/gallon) Total Projected Revenues (with byproduct credits) Total Projected Earnings (EBIDTA) $426 ($1.63) $142 million per year $64 million per year per plant 30 Biomass Conversion Cost Large Scale Operation Biomass delivered Fuel Production Cost $70 per dry tonne $4 per GJ $ 426 per tonne $17 per GJ Compare: Gasoline at $2.15/gallon $740 per tonne $17 per GJ BIOFINE Biofine Technology, LLC Stephen W. Fitzpatrick Ph.D. (508) 532 6760 extn 11 WWW.BIOFINETECHNOLOGY.COM 33