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Renewable Energy Worldwide
Cellulosic Ethanol and Enzymatic Biodiesel Biofuels Plant Upgrades - - PowerPoint PPT Presentation
Cellulosic Ethanol and Enzymatic Biodiesel Biofuels Plant Upgrades - - PowerPoint PPT Presentation
Renewable Energy Worldwide Cellulosic Ethanol and Enzymatic Biodiesel Biofuels Plant Upgrades Eric McAfee Chairman/CEO October 17, 2017 ABLC San Francisco Mission: Aemetis means One Prudent Wisdom One prudent wisdom is the
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Biofuels Market Demand is Mandated
In order to meet the federal Renewable Fuel Standard, obligated parties are required to blend advanced biofuels in increasing quantities each year
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Funding of advanced biofuels has been delayed due to:
- 2008 recession and fall of crude oil from $147 to $32 per barrel
- Two years of non-enforcement of the RFS during 2014/2015
- Rapidly falling crude oil prices 2014-2016 from $100 to $25 per barrel
- High cost of pilot and greenfield production plants to commercialize new
technologies
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Low Carbon Fuel Standard – Biofuels Lead Carbon Reduction in California
Source: Renewable Fuels Association, April 22, 2016
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Cellulosic Waiver Credit (CWC) Attracts Cellulosic Biofuels Investment
$- $1.00 $2.00 $3.00 $4.00 $5.00 $6.00
Market Price Cellulosic EtOh Milo + Biogas Milo Aemetis Ethanol Midwest Ethanol BioD Market UCO BD Tallow BD Corn Oil BD Any other BD. $USD/Gallon of Biofuel Type of Biofuel
Total Biofuel Values
LCFS ($/CI) Tax Credits RIN Base Fuel Price
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Value of Cellulosic vs. Traditional Ethanol
$- $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 Cellulosic EtOh Aemetis California Ethanol Midwest/Chicago Ethanol $USD/Gallon of Ethanol Ethanol Production Types
Ethanol Prices
Tax Credits LCFS ($/CI) RIN Base Fuel Price
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Enzymatic Biodiesel: India Plant
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Plant Expansion – BP Contract
- Aemetis built, owns and operates 50 mgy capacity
distilled biodiesel plant in Kakinada, India
- Developed advanced enzymatic biodiesel process -
filed patent April 2017
- Technology
includes pretreatment process, chemicals, temperatures, separation unit design and residence times
- Convert high Free Fatty Acid (FFA) feedstocks
with high yield
- Use Novozymes enzymes as process catalyst
Enzymatic Process Patent Filing
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Plant Expansion – BP Contract
- Signed three year biodiesel supply contract with BP Singapore in
May 2017 for EU and US exports from India
- BP delivered 1,000MT of low cost, high FFA feedstock to India
- Commercial production feedstock completed Sept 2017 using BP
feedstock
- BP approval of finished biodiesel product expected Nov 2017
- BP plans to supply 8,000-10,000 MT per month feedstock for
biodiesel (about $100 million per year revenues)
- Commercial shipments to BP expected to begin Q4 2017 of 5,000
MT per month (about $4 million per month revenues)
- BP agreement provides Aemetis positive cash flow per MT
regardless of feedstock cost
Ramp up Supply Contract with BP
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Cellulosic Ethanol: Keyes Plant
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LanzaTech Syngas to Ethanol
▪ Aemetis holds California feedstock exclusive license for LanzaTech technology ▪ Aemetis is building an initial 10 million gallon/year facility in California ▪ Aemetis is utilizing existing 60 million gallon/year ethanol infrastructure to lower CAPEX and speed deployment
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LanzaTech Scale-Up Success
- Building commercial scale plants in Asia and Europe
using steel mill gas feedstock
- Aemetis is first plant using renewable feedstock to
produce cellulosic ethanol
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Aemetis Integrated Demonstration Unit Operational July 2017
Walnut Wood Almond Wood Pistachio Shell Walnut Shell
Gasification Fermentation
Demo plant actual yields exceed planned commercial yields for USDA
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Biogas
LFG, Methane
Biomass Solid Waste
Industrial, MSW, DSW
CO2 CO CO + H2 CO + H2 + CO2 CO2 + H2 CO2 + H2O + e-
Gas Fermentation
Reforming Gasification Renewable Electricity Renewable H2
Industrial Waste Gas
Steel, PVC, Ferroalloys
✓ Available ✓Most Point Sourced ✓High Volume/Low Intrinsic Value ✓ Non-Food
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Feedstocks for Ethanol: Lanzatech Fermentation
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Feedstock Diversity for Cellulosic Ethanol
Waste Feedstocks for Aemetis Plant
- Almond/Walnut Orchard Waste
- Pistachio/Almond/Walnut Shells
- Orchard Pruning and Trimmings
- Vineyard Waste
- Rice Hulls
- Cow manure from dairies/feedlots
- Construction/Demolition Lumber
- Paper and Cardboard
- Forest Waste
- Food Waste
- MSW
- Medical Waste
- Hazardous Waste
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- Aemetis will use local cellulosic waste feedstocks for cellulosic ethanol
- about 1 million acres almond/walnut orchards in Central California
- DOE estimates 1 billion tons of cellulosic waste per year in US
Feedstock Near Keyes Plant
Aemetis California Plant Other Ethanol Plants
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Riverbank, California: Optimal Site Location for Cellulosic Ethanol
- Former Army Ammunition Production Plant recently converted to industrial use
- Existing power and building infrastructure
- Feedstock storage areas adjacent to plant
- 55 year lease with additional space for expansion
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Strategic Deployment of Aemetis Technologies in Owned Plants
- Ethanol Industry: Upgrade Keyes plant with LanzaTech to produce about
10 MGPY of cellulosic ethanol, targeting expansion to 40 MGPY at Keyes
- Expand to four plants in the Central Valley to produce 160 mgy
primarily from almond orchard waste wood and nutshells
- Revenues $5 per gallon ($800m) and cash flow $2 per gallon ($320m)
- Biodiesel Industry: Upgrade Kakinada plant with enzymatic process to
convert low cost feedstocks into EU and US quality biodiesel
- Revenues $3 per gallon and cash flow $0.25+ cents/gallon on low capex
2018 Lanzatech Construction $125m USDA 2019 LanzaTech 10mg Production $25m Cash flow 2020 LanzaTech 20mg Production $50m Cash flow 2018 Enzymatic 40mg Produced $10m Cashflow 2019 Enzymatic 80mg Produced $20m Cash flow 2020 Enzymatic 100mg Produced $25m Cash flow
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