Gen Methanol One Page Summary 28Dec10 (2)

8/6/2019 Gen Methanol One Page Summary 28Dec10 (2)

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We are developing a revolutionary new process, nano-MeOH, for directconversion of methane (natural gas) to methanol at half the cost and muchsmaller scale than current technology. This will allow monetizing an otherwiseuntapped source of energy into a higher value product that is a clean

component for both gasoline blending and as an energy source for fuel cells.

Company Profile:www.genmethanol.comIndustry: CleanTech, Oil &GasEmployees: 2Founded: 2008

Contact:

Stephen SimsStephenPSims@genmethanol.comw: 832-640-5921

Status: Current fundingfor the ongoing researchand the initial portfolio of patents to protect theintellectual property

Management:Stephen Sims, President

 John Edwards, Chief Scientist

Advisors:Ron Sills - Methanol &DMEScott Morris - R&D

Non-ExecutiveDirectors:Leo Womack

 John FillaRalf van der Ven

Susanne Richard

Executive Directors: John EdwardsStephen Sims

Financial:Funding Stage: Product InDevelopmentPrevious Capital: $160,000Monthly Burn Rate: $8,000Pre-Money Valuation:$2,250,000Capital Seeking: $500,000

Investors to Date:ENS, Inc.Womack Family TrustHighgate VenturesCoastal LNG PartnersRon Sills

©General Methanol Dec 28,2010

Competitive Advantage: Current gas-to-liquids (GTL) technologies are multi-step, high pressure and high temperature, thereby requiring very large scaleand investments to be economic. Due to the reduction in capital equipmentand energy input required, nano-MeOH converts methane to methanol at half the cost, and does not require a large scale installation to be economic.Consequently, stranded sources of methane such as landfills and remote gasassociated with oil production can be economically exploited.Business Summary:   This technology is being developed exclusively forGeneral Methanol by Edwards NanoScience (ENS) who has completed the firstphase of R&D at Texas A&M University. A team led by Dr. John Gladysz, whoholds the prestigious Dow Chair in Chemical Invention, has been commissionedto apply their catalyst design expertise to the direct conversion of methane to

methanol. The key to the technology is that the catalyst is inside a nano-scale,carbon-based cage which absorbs the methane and oxygen and then expelsthe methanol before further oxidation. General Methanol is funding this appliedresearch along with all associated patents, and in return has been granted theexclusive worldwide rights to the intellectual property. The first lab scale benchconverter is scheduled for mid 2011 and the pilot converter by end of 2012.Management: Our team has extensive experience in developing ventures andcommercializing technology in the oil and gas industry. Stephen Sims, ourpresident, recently retired from ConocoPhillips has 35+ years experience indownstream strategy and business development, including negotiating jointventures with new technology companies and sale of three process licensingtechnologies. John Edwards, our chief scientist, has successfullycommercialized several technologies, led two public companies and taken one

through IPO. Early investors such as John Filla, who worked for ABB in theupstream energy business, along with several key advisors, support thisventure from a broad base of experience.Customer Problem: Gas at landfills, offshore platforms and in remotelocations is being flared, re-injected or left in place because of the high cost totransport the gas to market or to convert it to a liquid. Asset owners are notable to monetize this resource nor report the associated gas reserves, hencedepressing the value of their overall portfolio.Product/Services: General Methanol will license the technology for use inskid-mounted converters and larger scale plants.Customers: Landfill operators, oil companies and process licensors such asUOP, Lurgi, IFP.Sales/Marketing Strategy: Because of the scalability, this process will first

be applied to small yet high return opportunities such as generating methanolfrom flared landfill gas in the US. Another early version of the process willconvert natural gas directly to formaldehyde thereby bypassing methanolimports and subsequent processing into formaldehyde. A third earlyapplication will be the conversion of associated gas from offshore deepwater oilproduction.Business Model: Revenues will come from license royalties and sale of converters.Competitors: In the landfill segment, competing offerings are boilers andpower generation. For the larger oil production facilities, re-injection andcompressed natural gas (CNG) are the main competing applications. The large-scale methanol plants monetize stranded gas and are the current low cost

 June 2010

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producers for the existing methanol market. The alternate route to market forvery large quantities of stranded gas is by liquefied natural gas (LNG) whichrequires huge investment in liquefaction plant and cryogenic carriers andregasification terminals while still only delivering natural gas rather than amore valuable liquid transportation fuel.

 June 2010