1thurmond pdf presentation
TRANSCRIPT
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Introduction slide 2Introduction slide 2
ALGAE 2020:ALGAE 2020:
Next Generation Biofuels andNext Generation Biofuels and
Commercialization OutlookCommercialization OutlookWill ThurmondWill Thurmond
President, Emerging Markets OnlinePresident, Emerging Markets Online
National Algae AssociationNational Algae Association
Chairman, Research & DevelopmentChairman, Research & Development
Author, Biodiesel 2020: A Global Market SurveyAuthor, Biodiesel 2020: A Global Market Survey
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PresenterPresenter
Will ThurmondWill Thurmond
President, Emerging Markets OnlinePresident, Emerging Markets Onlinehttp://www.emerginghttp://www.emerging--markets.commarkets.com
Consultant, Global Biofuels Business DevelopmentConsultant, Global Biofuels Business Development
Author,Author,
Biodiesel 2020: A Global Market Survey (2008)Biodiesel 2020: A Global Market Survey (2008)Algae 2020: Next Generation Biofuels (Jan 2009)Algae 2020: Next Generation Biofuels (Jan 2009)
Columnist, Biofuels InternationalColumnist, Biofuels International
HHQQ -- Houston, TXHouston, TX
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ALGAE 2020: NEXT GENERATION BIOFUELSALGAE 2020: NEXT GENERATION BIOFUELS
Algae Market Potential and ApplicationsAlgae Market Potential and Applications BiodieselBiodiesel
EthanolEthanol
Aviation FuelsAviation Fuels
Renewable DieselRenewable Diesel
BiocrudeBiocrude
BiogasolineBiogasoline
Algae Production Methods OverviewAlgae Production Methods Overview
Production Systems Overview:Production Systems Overview:Open PondsOpen Ponds vsvs Closed Photo BioreactorClosed Photo BioreactorSystems (Systems (PBRsPBRs), Growing Algae in The Dark), Growing Algae in The Dark
Inputs for Algae Systems CO2 and NO2Inputs for Algae Systems CO2 and NO2
Extraction MethodsExtraction Methods
BiorefiningBiorefining TechnologiesTechnologies11stst Gen & 2Gen & 2ndnd GenGen
Algae Project Profiles and Case StudiesAlgae Project Profiles and Case Studies
Outlook for Commercialization: 2010Outlook for Commercialization: 2010--20152015Coming in January 2009Coming in January 2009
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ALGAE 2020 STUDY AND COMMERCIALIZATION OUTLOOKALGAE 2020 STUDY AND COMMERCIALIZATION OUTLOOK
Today Presentation:Today Presentation:
1.1. Algae Markets for Biodiesel,Algae Markets for Biodiesel,Ethanol, Biocrude, Aviation FuelEthanol, Biocrude, Aviation Fuel
2.2. Algae Production Systems OverviewAlgae Production Systems Overview
3.3. Company Profiles & Case StudiesCompany Profiles & Case Studies
4.4. Commercialization Outlook to 2020Commercialization Outlook to 2020
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1. ALGAE MARKET POTENTIAL1. ALGAE MARKET POTENTIAL
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Source: Biodiesel 2020: A Global Market SurveySource: Biodiesel 2020: A Global Market Survey
Energy IndependenceEnergy Independence
EconomicEconomic SecuritySecurity
Environmental SecurityEnvironmental Security
National SecurityNational Security
Tax IncentivesTax Incentives
Government MandatesGovernment Mandates
KEY DRIVERS OFKEY DRIVERS OF
GLOBAL BIODIESELGLOBAL BIODIESEL
MARKET GROWTHMARKET GROWTH
What Are They Key Drivers of Global Biofuels Market Growth?What Are They Key Drivers of Global Biofuels Market Growth?
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EU Biofuels TargetsEU Biofuels Targets
Target 2Target 2-- 5.75% by 20105.75% by 2010
Proposals: 10% by 2020 (EU Revision)Proposals: 10% by 2020 (EU Revision)
FeedstockFeedstock sustainabilitysustainabilityconcerns #1 for 2009concerns #1 for 2009
EU Algae Market PotentialEU Algae Market Potential More than 50% of cars run on dieselMore than 50% of cars run on diesel
PROBLEM:PROBLEM:Europe can not produce enoughEurope can not produce enough
rapeseed, sunflower to meet targetsrapeseed, sunflower to meet targets
OPPORTUNITY:OPPORTUNITY:Algae can serve as aAlgae can serve as afeedstock forfeedstock forFIrstFIrstGeneration Biodiesel andGeneration Biodiesel andEthanol Plants, Aviation Fuels Markets andEthanol Plants, Aviation Fuels Markets andBiocrude forBiocrude forBiogasolineBiogasoline
EU BIODIESEL MARKET GROWTH TRENDSEU BIODIESEL MARKET GROWTH TRENDSEU BIODIESEL MARKET GROWTH TRENDS
SOURCE - BIODIESEL 2020: A GLOBAL MARKET SURVEY
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EUROPE BIODIESEL MARKET GROWTH TRENDSEUROPE BIODIESEL MARKET GROWTH TRENDSEUROPE BIODIESEL MARKET GROWTH TRENDS
Emerging Markets Online Emerging Markets Online
OPPORTUNITYOPPORTUNITY
Feedstock Shortages of Rapeseed in EUFeedstock Shortages of Rapeseed in EU
Algae Can Bridge Production/Capacity GapAlgae Can Bridge Production/Capacity Gap
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USA Biofuels TargetsUSA Biofuels Targets
Federal RFSFederal RFS 36 billion gallons by 202236 billion gallons by 2022
22 Billion Gallons from 222 Billion Gallons from 2ndnd Generation FuelsGeneration Fuels
US Algae Market PotentialUS Algae Market Potential
US Military is #1 Consumer of Diesel Fuel in The WorldUS Military is #1 Consumer of Diesel Fuel in The World
Industrial Diesel markets represent 25% of petrol consumptionIndustrial Diesel markets represent 25% of petrol consumption
More than 95% of passenger cars use gasoline, 3% on dieselMore than 95% of passenger cars use gasoline, 3% on diesel
PROBLEM:PROBLEM:The US can not produce enough corn andThe US can not produce enough corn andsoybeans to meet targets, even with cellulosic cornsoybeans to meet targets, even with cellulosic corn
OPPORTUNITY:OPPORTUNITY:Algae can serve as a feedstock for FirstAlgae can serve as a feedstock for FirstGeneration Biodiesel and Ethanol Plants, Aviation FuelsGeneration Biodiesel and Ethanol Plants, Aviation FuelsMarkets and Biocrude forMarkets and Biocrude forBiogasolineBiogasoline
USA BIODIESEL MARKET GROWTH TRENDSUSA BIODIESEL MARKET GROWTH TRENDSUSA BIODIESEL MARKET GROWTH TRENDS
SOURCE - BIODIESEL 2020: A GLOBAL MARKET SURVEY
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USA BIODIESEL MARKET OVERVIEWUSA BIODIESEL MARKET OVERVIEWUSA BIODIESEL MARKET OVERVIEW
SOURCE - BIODIESEL 2020: A GLOBAL MARKET SURVEY
Emerging Markets Online Emerging Markets Online
Feedstock ShortagesFeedstock Shortages
Algae ProductionAlgae Production
OPPORTUNITYOPPORTUNITY
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Market Potential: Algae For BiofuelsMarket Potential: Algae For Biofuels
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ALGAEALGAE -- BASED BIODIESELBASED BIODIESELComparison of Algae vs. other Feedstocks for Biodiesel ProductioComparison of Algae vs. other Feedstocks for Biodiesel Production Per Acren Per Acre
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2008 + Trend Towards Super Sized Projects Using Lower Cost Feeds2008 + Trend Towards Super Sized Projects Using Lower Cost Feedstockstocks
Renewable Diesel from Biocrude,
Grease, Chicken Fat and
Eventually Algae
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Applications for Algae to BiofuelsApplications for Algae to Biofuels Multiple UsesMultiple Uses
Source: Biodiesel 2020 study, Emerging Markets Online
Biomass forBiomass for
Power GenerationPower Generation
BioBio--CrudeCrude
to Renewable Dieselto Renewable Diesel
BioBio--CrudeCrude
toto BiogasolineBiogasoline
BioBio--CrudeCrude
to Bioto Bio--EthanolEthanol
Carbon Capture fromCarbon Capture from
Coal Power PlantsCoal Power Plants
BiodieselBiodiesel
ALGAEALGAE
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FEEDSTOCK TRENDSFEEDSTOCK TRENDS BIOCRUDEBIOCRUDE -- MANY FEEDSTOCKS, MANY APPLICATIONSMANY FEEDSTOCKS, MANY APPLICATIONS
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Algae to Diesel and BIOCRUDE ViaAlgae to Diesel and BIOCRUDE Via Renewable DieselRenewable DieselTechnologiesTechnologies
Renewable Diesel TechnologiesRenewable Diesel Technologies
PyrolysisPyrolysis Gas To LiquidsGas To Liquids FischerFischer--TropschTropsch
Green Crude and RenewableGreen Crude and Renewable
Diesel from AlgaeDiesel from Algae
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2. ALGAE PRODUCTION METHODS2. ALGAE PRODUCTION METHODS
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Algae Growth SystemsAlgae Growth Systems Common Method 1 of 2Common Method 1 of 2
Open Ponds and Raceway SystemsOpen Ponds and Raceway Systems
Source: citation from analysis in Biodiesel 2020 study, Emerging Markets Online
DiagramDiagram Algae Farm Using 64 Open PondAlgae Farm Using 64 Open Pond RacewaysRaceways to Grow Algaeto Grow Algae
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Algae Growth SystemsAlgae Growth Systems Common Method 2 of 2Common Method 2 of 2
Photo Bio Reactor SystemsPhoto Bio Reactor Systems
Source citations mentioned in Biodiesel 2020 study, Emerging Markets Online
A PhotoA Photo--Bioreactor in Translucent Tube fromBioreactor in Translucent Tube from GreenFuelsGreenFuels Global Green Solutions/Global Green Solutions/VertigroVertigro Vertical Photo Bioreactor SystemVertical Photo Bioreactor System
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Applied Algae Production SystemsApplied Algae Production SystemsAlgae to Biodiesel, Ethanol, Biocrude and Jet FuelAlgae to Biodiesel, Ethanol, Biocrude and Jet Fuel
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Source: cited in Biodiesel 2020 study, Emerging Markets Onlinec
Applied SystemsApplied Systems Algae for First GenerationAlgae for First Generation BiodieselBiodiesel oror EthanolEthanolProcess Diagram: Algae Production for Oils to Biodiesel and SugaProcess Diagram: Algae Production for Oils to Biodiesel and Sugars to Ethanolrs to Ethanol
Algae fats/lipids can be converted toAlgae fats/lipids can be converted to biodieselbiodiesel,, sugars converted tosugars converted to ethanolethanol
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Source: cited in Biodiesel 2020 study, Emerging Markets Online
Applied SystemsApplied Systems Algae to 2nd GenAlgae to 2nd Gen BioBio--CrudeCrude for Petroleum, Aviation Fuelsfor Petroleum, Aviation Fuels
Process Diagram: Algae Conversion to Biomass, Then BioProcess Diagram: Algae Conversion to Biomass, Then Bio--Crude OilCrude Oil
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Applied SystemsApplied Systems C02 CaptureC02 Capture for Algae to Biofuelsfor Algae to Biofuels
Using CO2 to Produce Biodiesel, Ethanol in A Bioreactor SystemUsing CO2 to Produce Biodiesel, Ethanol in A Bioreactor System
Source: GreenFuels, cited in Biodiesel 2020 study, Emerging Markets Online
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3. ALGAE PROJECTS AND CASE STUDIES3. ALGAE PROJECTS AND CASE STUDIES
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#1#1-- PUBLICPUBLIC--PRIVATE PARTNERSHIPS IN R&DPRIVATE PARTNERSHIPS IN R&D
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R&D LaboratoriesR&D Laboratories Collaborative Projects for Defense and AviationCollaborative Projects for Defense and AviationAlgae to Biofuel and BioAlgae to Biofuel and Bio--Crude for Planes, Trains, Automobiles, ShipsCrude for Planes, Trains, Automobiles, Ships
Source: Biodiesel 2020 study, Emerging Markets Online
DARPA and UOPDARPA and UOP Algae to BiocrudeAlgae to Biocrude UsingUsing UOPUOPss HydrotreatingHydrotreating
TechnologyTechnology to createto create Aviation FuelAviation Fuelfor Defense, Commercial Airlinesfor Defense, Commercial Airlines
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R&D LaboratoriesR&D Laboratories Collaborative Projects for Defense and IndustryCollaborative Projects for Defense and IndustryAlgae to Biofuel and BioAlgae to Biofuel and Bio--Crude for Planes, Trains, Automobiles, ShipsCrude for Planes, Trains, Automobiles, Ships
Source: Biodiesel 2020 study, Emerging Markets Online
NationalNational RenewableRenewable Energy Lab and ChevronEnergy Lab and Chevron
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R&D LaboratoriesR&D Laboratories Collaborative Projects for Defense and IndustryCollaborative Projects for Defense and IndustryAlgae to Biofuel and BioAlgae to Biofuel and Bio--Crude for Planes, Trains, Automobiles, ShipsCrude for Planes, Trains, Automobiles, Ships
Source: Biodiesel 2020 study, Emerging Markets Online
Natural Energy Laboratory (NELHA) Hawaii, Shell, HRNatural Energy Laboratory (NELHA) Hawaii, Shell, HR BiopetrolBiopetrol
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R&D LaboratoriesR&D Laboratories Collaborative Projects for Defense and IndustryCollaborative Projects for Defense and IndustryAlgae to Biofuel and BioAlgae to Biofuel and Bio--Crude for Planes, Trains, Automobiles, ShipsCrude for Planes, Trains, Automobiles, Ships
Source: Biodiesel 2020 study, Emerging Markets Online
SandiaSandia National Labs andNational Labs and LiveFuelsLiveFuels
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#2#2 -- PRIVATE COMPANIES INVESTING IN ALGAEPRIVATE COMPANIES INVESTING IN ALGAE
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Private Companies: Algae Projects Reported Under DevelopmentPrivate Companies: Algae Projects Reported Under Development
HighHigh--Yield, NonYield, Non--Food Oil, NonFood Oil, Non--Ag and NonAg and Non--Rainforest areas, Low Water UseRainforest areas, Low Water Use
SQCBio Fuel Systems
Alga TechnologiesKwikpower International
OriginOilEnhanced Biofuels & Technologies
AlgoilValcent / Vertigro Joint Venture
Infinifuel BiodieselAquaflow Bionic Corporation
GreenFuel Technologies CorporationInventure
LiveFuels IncIcon Energy
SeambioticAlgae BioFuels
PetroAlgaeGreen Star Products, Inc.
SolixSolazyme
Source: Biodiesel 2020 study, Emerging Markets Online
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GREEN FUELS, INCGREEN FUELS, INC Turning CoalTurning Coal--Fired CO2 into Algae for BiofuelsFired CO2 into Algae for BiofuelsWorking With MIT on Photo Bio Reactor Systems with Coal Plants fWorking With MIT on Photo Bio Reactor Systems with Coal Plants for CO2or CO2
Source citations mentioned in Biodiesel 2020 study, Emerging Markets Online
A PhotoA Photo--Bioreactor in a Translucent TubeBioreactor in a Translucent Tube--Farm fromFarm from GreenFuelsGreenFuels
Sequestering and Utilizing CO2 from Coal Fired Power PlantsSequestering and Utilizing CO2 from Coal Fired Power Plants
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SAPPHIRE ENERGYSAPPHIRE ENERGY
Green Crude for Petrol Refineries, Aviation FuelGreen Crude for Petrol Refineries, Aviation Fuel
Photo Bio Reactor SystemsPhoto Bio Reactor SystemsGreen Crude PhotoGreen Crude Photo BiocreactorBiocreactor SystemsSystems
Source citations mentioned in the ALGAE 2020 STUDY, Emerging Markets Online
Sapphire producesSapphire produces Green CrudeGreen Crude for petrol refineries and aviation fuelfor petrol refineries and aviation fuel
andand recently raised $100 Millionrecently raised $100 Millionfrom Bill Gates & Rockefeller Foundationfrom Bill Gates & Rockefeller Foundation
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SOLAZYMESOLAZYME
Growing Algae in The Dark Converting Sugar to Lipids/Oils for BiGrowing Algae in The Dark Converting Sugar to Lipids/Oils for Biocrudeocrude
Source citations mentioned in ALGAE 2020 study, Emerging Markets Online
SolazymeSolazyme Grows Algae in The DarkGrows Algae in The Dark Converting Sugar to Lipids/OilsConverting Sugar to Lipids/Oils
SolazymeSolazyme has already raised $70 millionhas already raised $70 millionin capital, including Chevron as a key investorin capital, including Chevron as a key investor
SolazymesSolazymes fuel has met ASTM Standard D 1655fuel has met ASTM Standard D 1655 For Aviation/Jet FuelFor Aviation/Jet Fuel
Growing algae in the darkGrowing algae in the dark
SolazymesSolazymes Biodiesel MercedesBiodiesel Mercedes
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ALGENOLALGENOL Turning Algae intoTurning Algae into EthanolEthanolAlgenolsAlgenols Algae to Ethanol Process DiagramAlgae to Ethanol Process Diagram
Source citations mentioned in ALGAE 2020 study, Emerging Markets Online
AlgenolAlgenolss Algae to EthanolAlgae to Ethanol system using seawater and Coalsystem using seawater and Coal--Fired CO2Fired CO2
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GLOBAL GREEN SOLUTIONSGLOBAL GREEN SOLUTIONS -- VERTIGROVERTIGRO
Photo Bio Reactor SystemsPhoto Bio Reactor SystemsVertical PhotoVertical Photo BiocreactorBiocreactor SystemsSystems
Source citations mentioned in Biodiesel 2020 study, Emerging Markets Online
Global Green Solutions/Global Green Solutions/VertigroVertigro Vertical Photo Bioreactor SystemVertical Photo Bioreactor System
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ORIGIN OILORIGIN OIL
Unique Lighting Technologies for Use in Photo Bio Reactor SystemUnique Lighting Technologies for Use in Photo Bio Reactor Systemss
Source citations mentioned in ALGAE 2020 STUDY, Emerging Markets Online
Origin OilOrigin Oils Algae production system using a quantum fracturing units Algae production system using a quantum fracturing unit
and a unique lighting system in a Helixand a unique lighting system in a Helix BiocreactorBiocreactor
Origins HelixOrigins Helix
BioreactorBioreactor
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ALGAE COMMERCIALIZATION OUTLOOKALGAE COMMERCIALIZATION OUTLOOK
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ALGAE BIOFUELS MARKET OUTLOOK AND OPPORTUNITIESALGAE BIOFUELS MARKET OUTLOOK AND OPPORTUNITIES
Timeline for Commercialization of Algae for BiofuelsTimeline for Commercialization of Algae for Biofuels
20092009 Algae Research and Development Projects MatureAlgae Research and Development Projects Mature
20102010 Algae Pilot Projects and Demonstration Projects ArriveAlgae Pilot Projects and Demonstration Projects Arrive
20112011 First Algae Production Projects Arrive (Defense/First Algae Production Projects Arrive (Defense/GovtGovt contracts)contracts)
20122012 First Commercial Projects Arrive (Expensive at first, then cheaFirst Commercial Projects Arrive (Expensive at first, then cheaper)per)
20132013 Commercial Production Scales Up (Cost curve decreases)Commercial Production Scales Up (Cost curve decreases)
20152015 Increased Production, Competition Lowers Costs, Market Share UpIncreased Production, Competition Lowers Costs, Market Share Up
20202020 Algae Becomes a Mainstream Commodity for Biocrude, EthanolAlgae Becomes a Mainstream Commodity for Biocrude, Ethanol
Source ALGAE 2020 STUDY, Emerging Markets Online
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Algae FarmsAlgae Farms -- A Look at The FutureA Look at The FutureHighHigh--Yield, NonYield, Non--Food Oil, NonFood Oil, Non--Ag and NonAg and Non--Rainforest areasRainforest areas
Source: Solix BiofuelsSource: Solix Biofuels
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Another Look at The FutureAnother Look at The Future -- Algae FarmsAlgae FarmsLargeLarge--Scale Photo BioScale Photo Bio--Reactor Farm Illustration byReactor Farm Illustration by CequestaCequesta
Source:Source: CequestaCequesta Israel, cited in ALGAE 2020 STUDYIsrael, cited in ALGAE 2020 STUDY
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For more informationFor more information
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Contact: Will ThurmondContact: Will Thurmond
President, Emerging Markets OnlinePresident, Emerging Markets Online
Author, Biodiesel 2020: A Global Market Survey (2008)Author, Biodiesel 2020: A Global Market Survey (2008)
Author, Algae 2020: Next Generation Biofuels (Jan, 2009)Author, Algae 2020: Next Generation Biofuels (Jan, 2009)
National Algae AssociationNational Algae Association--Chairman, Research & DevelopmentChairman, Research & Development
American Biofuels CouncilAmerican Biofuels Council--Chairman, DevelopmentChairman, Development
Columnist,Columnist, Biofuels International & Biofuels DigestBiofuels International & Biofuels Digest
EmailEmail [email protected]@gmail.com
Web:Web: www.emergingwww.emerging--markets.commarkets.com