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CO2 and Waste Gases to Oleochemicals
Lisa Dyson, Chief Executive OfficerWorld Congress on Industrial Biotech, May 2014
CONFIDENTIAL
Kiverdi Converts Waste Gases into Oleochemicals
WasteCarbon Gas
EverydayProducts
KiverdiMicrobes
Oils and derivatives
CO, CO2& Hydrogen
CONFIDENTIAL
LisaDyson, PhD
CEO
JohnReed, PhD
CTO
GuyPenard, MBA
SVP Bus. Dev.
SteveToon, PhD
SVP Operations
Kiverdi Background
State of CAEnergy Commission
Sanjay Bonde, MBA
Corp Dev.
CONFIDENTIAL
Numerous Waste Carbon Feedstocks
ManufacturingFlared Nat Gas
Agricultural residue Wood waste
CONFIDENTIAL
Methanol3:1 H2:CO2 ratio
Key Components of Waste-Derived Syngas
100% CO2
100% H2
100% CO
Fischer-Tropsch 2:1 H2:CO ratio Range of raw
syngas compositions
H2 for hydrotreatment of oil or Haber-Bosch
Standard processes to convert raw gases into specific compositions
CONFIDENTIAL
Syngas-Generation: A Scale Gap
Conventional FTMES: 1520odt/day biomass input
Source: NNFCC project 09/008
Gasifier TypeTypical capacity
CONFIDENTIAL
Key Challenges Leading to Scale Gap
Value creation / revenue potential• Commodity products • Multiple co-products
High purity requirements• Significant gas conditioning steps
Processing conditions that require large scales • High pressure, high temperature
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CONFIDENTIAL
Target Market: Custom Oils and Oleochemicals
Sources: Recent Trends and Medium-Term prospects in the Global Vegetable Oil Market, FAO 2011; Nexant 2011; Industrial uses of Oleochemicals, Rhodia; Kiverdi analysis*Estimate based on a weighted average price of $1.60/kg
Plant Oils 155B kg
Industrial Oils& Fatty Acids
38B kg
Oleochemicals19B kg
Total Addressable MarketThe plant oil market includes foods and industrial oils and fatty acids
Serviceable Available MarketOur focus will be on non-food industrial oils & fatty acids
Target Market Oleochemicals are used to make detergents, plastics, personal care items, soaps, animal feed, candles, etc.Market value* = $30B/yr
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CONFIDENTIAL
Oleochemical prices range from $1,500-$7,000/tonne
Oleochemicals are Higher Value Intermediates
• Fatty acids• Diacids• Fatty alcohols• Derivatives
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CONFIDENTIAL
Our Biocatalysts: Oil-Producing Knallgas Microbes
CO2
H2
CO
Central carbon
metabolismTargeted
Oils
Metabolic intermediates
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CONFIDENTIAL
The Science: Anabolic Pathway
Enzyme or Pathway Formula
Carbon Monoxide Dehydrogenase CO + H2O H2 + CO2
Hydrogenase H2 + NAD+ NADH + H+
Oxidative Phosphorylation H2 + 1/2O2 + 2-3ADP + 2-3P H2O + 2-3ATP*
Carbon Fixation Pathway 2CO2 … … … Acetyl-CoA
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CONFIDENTIAL
Carbon EngineeringTM to Make Oleochemicals
Fatty AcidCO
O-CO2
H2
CO
Central carbon
metabolism
metabolic intermediate
Other custom chemicals
DiacidCO
O-CO
O-
C
OH
Fatty alcohols
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Able to customize chain length, unsaturation, functional groups
CONFIDENTIAL
Bioprocess Tolerant to a Range of Gases
100% CO2
100% H2
100% CO
Range of raw syngas
compositions
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Kiverdi microbes robust against impurities
CONFIDENTIAL
Ambient Processing Conditions
Syngas fed into reactor
GasBioprocessing
Attractive Economics
• Low pressure
• Low temperature
• Tolerant to syngas impurities
• High product selectivity
• High value products
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CONFIDENTIALSource: Tomas Ekbom, Niklas Berglin, Sara Lögdberg,“Black Liquor Gasification with Motor Fuel Production – BLGMF II,” Swedish Energy Agency, Stockholm, Sweden December 2005
Biomass
Multiple Process Units for Typical Catalyst3
CONFIDENTIAL
Replace with Kiverdi gas bioprocess• Low temperature• Low pressure• Low cost
Source: Tomas Ekbom, Niklas Berglin, Sara Lögdberg,“Black Liquor Gasification with Motor Fuel Production – BLGMF II,” Swedish Energy Agency, Stockholm, Sweden December 2005
Biomass
Cooled smelt can be used as source of mineral nutrients and/or as a base for pH control in the Kiverdi process
Remove / Reduce Process Steps
Kiverdi process
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CONFIDENTIAL
How Kiverdi Addresses the Scale Gap
Produce valuable specialty oils and oleochemicals
Robust against impurities and variations in gas composition
Ambient operating conditions and reduced process steps
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CONFIDENTIAL
capital lite
Partner to build plants
global
Easy local
deployment
sustainable
We convert waste into sustainable
bio-based oleochemicals
distributed
Small & easy to
propagate
OUR MICROBES ARE THE PLANTS OF TOMORROW
Advantages of Kiverdi’s Knallgas Technology
CONFIDENTIAL
INNOVATION TRACTION BUILDOUT
Functionalize Knallgas Microbes to convert
waste into sustainable bio-based chemicals
Develop Partnerships with
chemical and CPG companies for
scale-up and testing
Scale production and deploy
commercial units with Partners
Partnering to Commercialize Solutions
CONFIDENTIAL
CO2 & Waste Gases to Oleochemicals– Join Us
Carbon Gas
Carbon Gas Carbon
Engineering
• Converting CO2 and waste carbon into value
• Enabling gas-production technologies
• Low-cost drop-in chemicals
• Enhanced chemical performance properties
