Avantium Chemicals: Carbohydrate based feedstocks for biobased chemicals Ed de Jong Peter Mangnus Technology Feedstock Conversion Bioplastics Renewable sources Superior economics Broad range of materials Feedstock flexible Fit with existing assets Improved properties Delivering biobased performance products at a competitive price Targeting multi-billion Euro markets 2 Avantium’s Approach Crops Carbohydrates Process Products Avantium catalysts and process Avantium Furanics Sugar/Starch Bio-based fuels Cellulose Sugar Stream Bio-based plastics Bio-based chemicals Moving to 100% green • PET is the most widely used polyester made of PTA and EG • Plantbottle launched in 2010 - PET with biobased EG and oil-based PTA • PEF by Avantium: biobased FDCA + biobased EG = 100% green PTA PTA FDCA EG EG EG 100% PET 0% Renewable Oil-based Large market opportunity bottles $30 billion per year fiber $60 billion per year film $10 billion per year FDCA Plant based sugars PEF EG 5 YXY PEF Polyesters Bottles Blown on a commercial ISBM line using standard PET pre-forms and molds. Fibers Spun on commercial fiber line at max speed Film Processed on a commercial film extruder equipment Results of Avantium – NatureWorks collaboration 6 The key questions Compared to oil-based products… • Can YXY compete on price? • Can YXY compete on performance? • Can YXY deliver a significantly better environmental footprint? 7 PEF The next generation bioplastic • 100% Biobased (e.g. carbohydrates such as sugar and starch) • 100% Recyclable • Competitive process economics • Can be processed in existing supply chains • Highly attractive carbon footprint (50-70% lower than PET) • “We’ve got barrier!”: – 6 times better O2 barrier than PET – 3 times better CO2 barrier than PET – 2 times better H2O barrier than PET 8 Current Partnerships 100% plant based PEF Bottles 100% plant based PEF Bottles Green superfibers Green engineering plastics Green nylons & fibers 9 Creating market pull through partnerships 10 Next Steps Go to Market First commercial plant: On stream in 2015 Name plate capacity: 30-50 kta Pilot plant: on stream Name plate capacity: 40 tpa Own & Operate EUR 30 million investment secured in June 2011 Full scale industrial plant: On stream in 2017-2018 Name plate capacity: 300-500 kta Licensing model for global deployment of technology Summary • YXY: a proprietary chemical process that unlocks a range of new green materials and fuels • Supported by feedstock suppliers, producers and brand owners, creating an integrated value chain • Big opportunity for sugar and starch producers • Technical drop-in with improved properties (e.g. superior barrier) • Pilot 2011, First Commercial 2015, Second Commercial 2018 • YXY: the green alternative to oil-based products that will deliver on price and performance 13 Thank you for your attention ed.dejong@avantium.com peter.mangnus@avantium.com +31 6 34347096