D1 Oils
Dr. Piet van der Linde
Barcelona September 20-21, 2007
1
Summary
 D1 Oils: Vision and Background
 Management and Structure
 A focused upstream strategy
 Jatropha curcas L.
 Plant Science and Agronomy
2
Vision and background
 Vision:
To become a global leader in biodiesel
supply by building a global supply chain
that is sustainable and delivers value
“from earth to engine”
 Background
AIM (LSE) listed
 IPO LSE AIM October 2004
•
£40m raised in initial two funding
rounds
(October 04 and June 05)
 Returned to markets December
2006
•
•
£46m raised to take company to cash
positive phase
Focus on Agronomy
 Joint venture with British Petroleum
from October 2007
3
Structure and Management
 2 core elements
 Upstream
• D1 Oils Plant Sciences
– Plant Science and Agronomy
• D1-BP Fuel Plants:
– Plantation management
– Oil Extraction
 Downstream
– Refining
– Transesterification
– Trading
 Strong management team
 Chairman: Lord Oxburgh
former Chairman of Shell
 CEO: Elliot Mannis
former CFO AWG
4
Focus of upstream activities
Focus on biodiesel feedstock species that are
 Non-edible
Avoid competition oil for food vs fuel.
 Sustainable
Environmentally elastic
 Avoid competition with valuable ecosystems
 Avoid competition with land for food production
 Avoid excessive use of (drinking) water
High yielding
 Make feedstock economically viable
Social value creation
 Job/economy creation in emerging markets
 Optimal use of byproducts
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Focus of upstream activities
‘Normal’ biodiesel feedstock options
 Rapeseed
 Palm
 Soybean
Alternative biodiesel feedstock options
 Jatropha
 Pongamia
 Camellina
 Crambe
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Jatropha curcas L.
(jatros = doctor, trophe = food)
Tropical/subtropical shrub
Originates from Central America
Grows 30 degrees latitude north/south
Sustainable
 High yield of non-edible oil
 Environmentally elastic
 Stimulates rural economic development
Biodiesel fit
 Oil produces high quality biodiesel
7
Biodiesel fit
Vegetable Oil composition
120
Edible
% FA class
100
Iodine
80
60
40
20
CFPP
0
Canola
Soybean
Saturated
Linoleic C18:2c9,12 (n-6)
Palm
Jatropha
Mono- Unsaturated
α-Linolenic C18:3c9,12,15 (n-3)
8
Energy balance
Comparison of Biodiesel Feedstocks
0.8
Energy Input/Output
0.7
Glycerine credit
Seed cake credit
0.6
Straw/Hulls credit
0.5
Distribution of biofuel
Esterification
0.4
Refining
Marine transport to EU
0.3
Oil Extraction
0.2
Transport, Drying & Storage
Cultivation & Harvesting
0.1
Net Inputs
0
Soy (US) Soy (US)
Inputs
Credits
Rape
(EU)
Rape
(EU)
Inputs
Credits
Jatropha Jatropha
India/EU India/EU
Inputs
Credits
9
Plant Science and Agronomy – D1’s differentiator
 Mission:
Create value through the application of state-of-the-art plant science and agronomy on
Jatropha curcas L. and other inedible biodiesel feedstock species.
 Strategy:
By-products value/ha
Oil value/ha
Phase 4
Genetic Modification
Phase 3
Hybridization and Marker Assisted Selection
Phase 2
Classical Breeding and Product Placement
Germplasm fingerprinting
Phase 1
Agronomy research and Accession testing
Molecular Marker Platfrom
Phase 0
Germplasm collection
Crop Domestication
10
Plant Science and Agronomy – D1’s differentiator
 Traditional crop development:
30-50 years
 New Crop development
What is the retirement age in plant
biotechnology these days?
20-25
years
11
Plant Science and Agronomy – D1’s differentiator
 Activities
 Breeding and Technology Development
 Product Placement and Agronomy Research
 Multiplication
 Sustainable Oil Supply Program
12
D1 Oils Plant Science
 Key achievements
 Selection of high oil / ha
yielding accession
collection.
 Multiplication program of
first selected accession.
 Launch of Sustainable
Oil Supply Programme.
 Global, regional and
country R&D network
implemented.
 Cooperation agreement
with Keygene on
molecular breeding.
13
Natural variation in oil content in Jatropha
Oil %
45,00
40,00
35,00
30,00
25,00
20,00
15,00
10,00
5,00
0,00
1
2
3
4
5
6
7
8
9
10
11
12
13
Accession number
14
Natural variation in nature
Fatty acid profile Jatropha from literature (n=11)
compared to some variation in nature
90
80
70
Percentage in oil
60
Jatropha curcas,
Euphorbiaceae
Carissa carandas,
Apocynaceae
Momordica charantia,
Cucurbitaceae
50
40
30
20
10
0
12:0/14:0
and <
16:0/16:1
17:0/18:0
18:1/18:2 20:0 and >
Type of fatty acid
15
Natural variation in oil composition in Jatropha
Oil composition
60,00
50,00
Per centage
40,00
CS
IS
ES
TSK
TK
30,00
20,00
10,00
0,00
C16
C18
C18:1
C18:2
C18:3
Fatty acid
16
Multiplication of Jatropha
17
D1 Oils Plant Science R&D Network
18
D1 Oils
Thank you for your kind attention
19