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AN EMERGING GLOBAL CLEAN ENERGY COMPANYAN EMERGING GLOBAL CLEAN ENERGY COMPANY
19 October 201119 October 2011
Greg SolomonChairman
January 2011
Corporate StructureCorporate Structure
Apr 18, 2023 2
Eden Energy India Pvt Ltd
(India)100%
Pyrolysis and Gas to
Liquids Technology
100%
Eden Energy Ltd (AUSTRALIA)
Clean Energy Energy Production
Coal Bed Methane/Shale
Gas(Wales, UK)50%/100%
(IPO planned)
Natural GasSouth Australia
(AUS)100%
(Suspended)
Terratherma (Geothermal)
South Australia (AUS)100%
(Suspended)
Hythane Company
LLC (USA)100%
January 2011
Current Clean Energy ProductsCurrent Clean Energy Products
• Pyrolysis Project - Solid Carbon and Hydrogen Production
without CO2
- Single Walled Carbon Nanotubes (SWCNT) - Multi Walled Carbon Nanotubes (MWCNT) - Carbon Nanofibres (CNF)
• Hythane®- India and US
• OptiBlend® Dual Fuel - India and US
January 2011
Current Energy Projects Current Energy Projects
UK- CBM - Coal Bed Methane JV-50% (2100km2)
UK- Shale/ - Shale Gas/Conventional Gas JV-50% (2100km2)
Conventional
SA Natural Gas - Untested natural gas target (100km x 10km)
- 100% -Obligations suspended for 12 months
SA Geothermal - 100% -Obligations suspended 12 months
January 2011
Low Cost Production of Carbon Fibres/Nanotubes and H2 from CH4
• New process developed with UQ
• Patent applications lodged -over 50 countries
• No CO2 – H2 becomes a high value byproduct
•Produces hydrogen and single /multi-walled carbon nanotubes and carbon fibres
- tensile strength up to 200-300 times steel
- approx 17% the weight of steel
- structural /electrical/ thermal qualities
• Scale -up by Eden in US - encouraging results• Commercial prototype is operational in US
Pyrolysis Project – Eden 100%Pyrolysis Project – Eden 100%
Eden Energy CNT/ CNF ProductionEden Energy CNT/ CNF Production
Hydrogen
Carbon
Inert Gas
Natural Gas Supply
Catalyst Feed Reactor
Hydrogen Product
CNT’s
Carbon Product
CH4
• New Cost Competitive Technology being developed in US - Catalyst Formulae and production of MWCNT and CNF - Commercial scale reactor operational in US - Provisional patent applications lodged• Products – (from natural gas with catalyst) - MWCNT – super-strong/ electrical/thermal conductivity - CNF – compressive strength/ electrical/thermal conductivity - Hydrogen
Pyrolysis Project SummaryPyrolysis Project Summary
January 2011
Production of HProduction of H22 and Carbon Nanotubes from CH and Carbon Nanotubes from CH44
Apr 18, 2023
TEM image of MWCNT produced at Hythane Co in Denver
January 2011
Eden MWNT Catalyst YieldEden MWNT Catalyst Yield(Shown in grams carbon per grams catalyst)
January 2011
• Current- estimated at approx 2000 tpa - Largest producer- 500tpa - 3 producers – 200 tpa each - Rapidly expanding market • Many new emerging applications - Structural (composite materials/ concrete/ tyres) - Electrical ( conduction and storage)• Compounding growth estimated at more than 11%pa
CNT Market Projected GrowthCNT Market Projected Growth
January 2011
• 30 tpa unit operational August 2011 • Full scale commercial unit (100-250tpa) by Oct 2011• Produces MWCNT/ CNF for following target markets: - Concrete / Composite plastics - compressive/tensile strength/electrical and thermal qualities - Electrical Applications - batteries, electronic paper, conductive paint and coatings - Tyre manufacturing - to extend life of tyres and reduce weight
Eden's Targets for 2011 Eden's Targets for 2011
January 2011
MWNT Current US Market PricesMWNT Current US Market Prices(20-30nm diameter, >85% wt. purity)
Prices are anticipated to drop with increasing order size and increasing supply
January 2011
• Existing Sales of CNF and MWCNT achieved
- for batteries and electronic paper
• Distributors marketing Eden's MWCNT in bulk quantities
• Development of additional applications being undertaken:
- Concrete / Composite plastics
- for compressive strength and electrical and thermal qualities
- Tyre manufacturing
- to extend life of tyres and reduce weight
Commercialisation of Nano-carbon fibresCommercialisation of Nano-carbon fibres
January 2011
January 2011
Hythane ® - the transitional fuelHythane ® - the transitional fuel
• Premium blend of Natural Gas
- 5-7% H2 (by energy); 20% H2 (by volume)
• Ultra-low emissions – 50% NOx /CO - Euro V emission standards
• High efficiency - 10-15% increase in efficiency with suitable engines
• Low engine cost -only software changes to suitable engines
• Anticipated Hythane® sale price ≈ 10% more than natural gas
• Tested over 15 years – adopted in Indian Hydrogen Roadmap
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H2 + CH4 Hythane
Significantly lower pollution / Higher efficiency
January 2011
Denver Hythane® Emissions ResultsDenver Hythane® Emissions Results
Apr 18, 2023 18
THC CO NOx
0
0.5
1
1.5
2
2.5
3
NG HY NG HYNG HYHO
T 5
05 E
MIS
SIO
NS,
GR
AM
S/M
I.
Output of pollutants (grams per mile) of Natural Gas versus Hythane®. Source: Colorado Department of Health
January 2011
• Extreme air pollution – Govt push to reduce pollution
• 2006 Indian hydrogen roadmap - proposes HCNG as transitional fuel
• Cost of natural gas – <60% cheaper (per GGE) than diesel Increasing supply – 5Mtpa to 25Mtpa over 5 years National rollout of pipelines and Gas distribution networks • 2009 First Public Hythane® station – Delhi - built by Eden
Apr 18, 2023 19
History of Hythane® in IndiaHistory of Hythane® in India
January 2011
First Indian Hythane® Station First Indian Hythane® Station Delhi January 2009
Apr 18, 2023 20
January 2011
LNG
Existing
Transmission Pipelines
Existing
Upcoming
GAIL’s Planned PipelineRIL’s East West PipelineRIL’s Planned PipelineGSPC’s Planned Pipeline
City Gas/ CNGExistingPlannedLNG Terminal
INTEGRATED GRID TO LINK ANY SOURCE TO ANY MARKET
JAGDISHPUR
PHOOLPUR
BHATINDA
BAREILLY
DISPUR
DELHI
AGARTALA
BARODA
LUCKNOW
PATNA
AHMEDABAD
RAJKOT
KOTA
MATHANIA
GWALIOR
UJJAIN
AGRA
KOLKATA
GAYA
BOKARO
VARANASIJHANSI
DAHEJ I & II10 mmtpa*
HAZIRA2.5 mmtpa
COIMBTORE
MANGLORE
MUMBAIBHUBANESHWAR
KRISHNAPATNAM
NELLORE
CHENNAI
TUTICORIN
TIRUCHCHIRAPALLI
HASANBANGLORE
KOLHAPUR
SOLAPURKAKINADA
VIJAYAWADA
DAMRA
DABHOL5 mmtpa
KANJIKKOD
AURAIYA
Iran-Pak-India Pipeline
Turk-Afg-Pak-India Pipeline
GOA
CUTTACK
VIJAYPUR
KANPUR
NANGAL
GURGAUN
PUNE
BHARUCH
SURAT
HYDERABAD
RAJAMUNDRY
BHOPAL
KOCHI5 mmtpa
ENNORE2.5 mmtpa
BARMER
MANGALORE2.5 mmtpa
INDIAN GAS INFRASTRUCTURE CURRENT & FUTURE
Courtesy of Gas Authority of India
January 2011
• 2011 Hythane® demonstration planned – Mumbai or Gujarat
- some delay but project still looks likely
• Objective- to establish economics of a commercial Hythane®
• Agreements signed with GSPC and GAIL, MGL• Initially 2 buses planned and expanding to 70-90 buses
• Duration- 18-24 months – then planned commercial rollout
• Potential - up to 500,000 buses over 5-10 years
• Total Market - Buses, trucks, cars, auto rickshaws, locomotives
-
Apr 18, 2023 22
Future of Hythane® in IndiaFuture of Hythane® in India
Hythane® Economics and Revenue ModelHythane® Economics and Revenue Model Economics• Hythane® production costs- approx 4-6% more than natural gas • Increased efficiency in Hythane® engines ( 6.5%-15% targeted) • Marginal increase in cost of vehicles- software change only• New pyrolysis process -cheaper hydrogen and Hythane® possible
Eden's projected revenue sources• Sale or lease of stations and/or equipment • Sale of fuel from station (solely owned or JV• Engine conversions and royalties • Possible carbon credits – approx 15 tonnes/year CO2 savings per bus
January 2011
OptiBlend Dual Fuel SystemOptiBlend Dual Fuel System• Displaces up to 70% of diesel with natural gas in diesel engines
• Indian market – hundreds of thousands of gensets / locomotives
• Huge cost savings
• Dramatic cost savings in full and part time applications
• Payback period less than 12 months for larger gensets
• First sales of Indian and US kits – expanding with gas supplies
• Eden India cash flow positive
• Target to make Eden cash flow positive within 18 months
Apr 18, 2023January 2011
OptiBlend-Typical Power Production CostsOptiBlend-Typical Power Production Costs
Assumptions: Diesel = $1.25/liter, Natural Gas = $10 mmbtu, Cummins K19 Genset
Apr 18, 2023January 2011
January 2011
Energy Assets Energy Assets
50% Joint venture (with Coastal Oil and Gas) -17 Licences - 100% - 3 licences
Apr 18, 2023 27
COAL BED METHANE/ CONVENTIONAL/ SHALE GAS (WALES, UK)
January 2011
UK Gas Asset OverviewUK Gas Asset Overview• Spinout underway – ASX IPO - Adamo Energy Ltd – proposed $11m raising when appropriate
• Large UK landholding – 50% interest in 17 licences/ 100% in 3 Licences
– 2,100km2 (510,000 acres) gross approx-– South Wales, Bristol and Kent
• Shale Gas Resource (Source: RPS Dallas independent expert report)
– GIIP P50 = 49.8 tcf (Gross) : Eden 24.9 tcf (Net)
– Prospective Recoverable Resource P50 = 18.3 tcf (Gross) : Eden 9.2 tcf (net)
• CBM Resource (Source: RISC independent expert report)
– Prospective Resource P50 = 3.1 tcf (Gross) : Eden 1.4 tcf (net)
– Contingent Resource South Wales 2C = 980 bcf (Gross) : Adamo 332 bcf (net)
Apr 18, 2023 28
Tcf (net Eden) GIIP (P50)
2C 3C Prospective Resource (P50)
CBM 3.2 0.3 0.5 1.4
Shale Gas 24.9 9.2
Board & Management TeamBoard & Management TeamSimon Gorringe – Technical Director (UK)• Chemical engineer with 30+ years in upstream and
downstream oil & gas industry• Senior technical and management roles including BG Group,
BHP Petroleum, Conoco etc • Current Exec director CH+ (UK)
Christopher Newport – Commercial Director • Chartered Accountant with25 years experience in oil and gas
projects• Senior commercial and management roles including Santos,
BHP Petroleum, Delhi petroleum• Current commercial director CH+ (UK)
Greg Solomon – Executive Director (Australia)• Solicitor with 30+ years experience in a wide range of areas
including mining and energy law, commercial negotiation and corporate law
• He has held numerous directorships of various Australian public companies since 1984 including several resources and technology companies
Other Technical Support- CH+Dr Tim Dibb - Geology/ Geophysics ManagerTrevor Ridley - Petroleum EngineeringDarrell Girgent i- Drilling ManagerDr Scott McKelvie - OHS/ Environmental
Aaron Gates – Chief Financial Officer• Chartered Accountant and Chartered Secretary• CFO of a number of listed ASX companies • Manager at Grant Thornton working in audit and
corporate finance
[Non-executive Chairman]• To be appointed
Apr 18, 2023 30
UK Gas MarketUK Gas Market
• Major customers situated on gas licences in South Wales (steel mill, paper mill, insulation factory)
• Milford Haven LNG terminal and major pipeline and energy network nearby
June 2011 National Balancing Point (NBP) gas price of ₤0.59/therm (US$9.50 / mmbtu; A$9.50 / GJ)
Price volatility strongly tied to seasonal demand shifts, supply fluctuations and storage capacity constraints
North Sea in decline
UK is net importer of petroleum with growing dependence on imported gas (Qatar & Russia
Dart Energy’s view on UK marketDart Energy’s view on UK market
Dart acquired Composite Energy in Feb 2011 & has a portfolio of 14 licences in the UK
Apr 18, 2023 32
Capital Structure 19 October 2011Capital Structure 19 October 2011
ASX Code: EDE
Total Shares: 240m
Share Price: $0.062
Market Capitalisation $14.88m
Cash and Receivables $1.1m
Greg SolomonExecutive Chairman
Level 40, Exchange Plaza,2 The Esplanade,
Perth, Western Australia,Australia. 6000
Telephone +618 9282 5889Mobile +614 0206 0000
Fax +618 9282 5866Email [email protected]
Website: www.edenenergy.com.au
January 2011
Disclaimer – Forward-looking Statements and ProjectionsWhilst reasonable care has been taken in compiling the forward projections in this presentation, they necessarily are based on many assumptions and factors that are beyond the control of the company and accordingly there is no representation or warranty given that these projections will be achieved. There are many uncertain market and exploration risk factors on all the projects, particularly related to new markets and products such as carbon nanotubes and fibres and energy projects including the coal bed methane, shale gas, natural gas and geothermal projects, all of which are at very early stages of development. On the technology projects, the risks are varied, including risk that patent applications will not be granted, or another party may claim priority or that other methods of producing better and cheaper alternative products will be developed and that projected prices will not be achievable. In the Indian market, there are many risks which are beyond the control of the company and which could significantly impact on both the prices that are achieved , the sales turnover and the production and operating costs. These risks include delays in the availability of the Natural Gas in India, increases in the price of Natural Gas, reduction in the price of alternate fuels such as diesel, changes in Indian Government or Indian Supreme Court policies and rulings, market competition, shortages and cost increases in raw materials and labour, political or economic instability, problems with reliability of equipment produced and sold, warranty claims, currency fluctuations, restrictions on foreign investment, disputes with potential joint venturers, market resistance to the products or services offered, lack of available capital or finance, restrictions on international travel and similar factors beyond the control of the company. For these reasons, all potential investors and others must satisfy themselves on the reliability of these forward looking projections before acting upon any information provided to them in relation to forward looking projections, and neither the company nor any of its officers make any representations, warranties or commitments that these or any other forward projections will necessarily be achieved.
Apr 18, 2023 34