ner300 - best project - ibp spa stefania pescarolo head of public funding roma, 11/12/2014

NER300 - BEST Project - IBP SpA

Stefania Pescarolo

Head of Public Funding

Roma, 11/12/2014

M&G Group: about us

Mossi Ghisolfi is a multinational, family-run business established in 1953by Vittorio Ghisolfi and Domenico Mossi.

It is one of the world’s leading producers of PET resin

It is Italy’s 2nd largest chemical

company.

It is a forward-looking company that is continuing to invest significant funds into bio-fuels and green chemistry research and development as part of its commitment to sustainability

Biochemtex is the M&G global engineering and technology company

M&G - Our Group

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Scouting of TechnologiesGeneration of key inventionsProof of UNIT OPERATION in the labs

2006-2008

Pilot plant construction & start up (Jun 2009)Pilot Plant operation and data gathering Test of Plant flexibility using multiple biomasses

2009-2010 Crescentino PlantCollaboration Agreements with leading partners

2011-2012 Crescentino Plant Start-upOfficial opening October 9, 2013

Q1-2013

Development Timeline

TRL 7Demo

TRL5Medium scale

prototype

> 130 times scale-up

BEST Project - CrescentinoWorld’s first advanced BIOETHANOL

demonstration industrial facility

BOILERS

CHILLER&

COMPRESSOR

LAB

40 ktpa Ethanol plant Layout

BOILERS

CHILLER&

COMPRESSOR

LAB

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NER300 BEST Project – Bioethanol plant

• The Crescentino Plant is the first in the world to be designed and built to produce bioethanol from agricultural by-products or biomass not suitable for food consumption.

• This has been made possible thanks to PROESATM technology, developed in the Biochemtex R&D centers.

• The expertise developed in Crescentino will enable similar plants to be built in Europe, USA, Latin America, Europe and Asia.

• The project was supported by European Commission as part of its Seventh Framework Programme for research and development

Steam Enzymes

Biomass

ProesaTM - The Technology

Ethanol

SmartCooking

Viscosity Reduction

DistillationHydrolysis & Fermentation

Lignin for Energy Block

ProesaTM Technology benefits:

Feedstock flexibility

Continuous processNo chemical additionOptimal sugar extraction with low enzyme dosage

Fully integrated process design using continuous equipment to enable large scale plants

Best in class technology with lowest capex and opex backed with performance guarantees

PROESATM

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Crescentino Fast Facts

Crescentino - Development Timeline

Nov 2012

Dec 2012

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Apr 2011 Sept 2011

The project started in 2010, the construction began in 2011, inaugurated on October 2013 Today

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NER300

BEST PROJECT – Second generation bioethanol process – demonstration scale of innovative and sustainable biotechnologic conversion of lignocellulosic biomass into ethanol on a 51 million litres per year plant • Category RES (RENEWABLES) – BIOg (BIOENERGY –

Lignocellulose to ethanol)• Date of entry into operation: 01/06/2013 (5y

duration) • Legally Binding Instrument signed on April 2014 with

the Italian Minister of Environment • Project Sponsor: IBP SpA (main EPC contractor:

Biochemtex SpA) • NER300 contribution 28.4 millions Euro (for

renewable energy of 1.414.558 MWh related to ethanol production = 140.000 tons in five years

BEST Project – RES – BIOg

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BEST Project – RES – BIOg

General comments

• NER300 can be a kind of incentive to mobilize investments, especially if timing (call, project selection and approval, …) is efficient

• In most cases does not solve the debt financing issue, but can help by improving the overall business plan: it does help new technologies to cover a gap of costs vs. more established technologies

• Clear/stable policy framework is today of most importance

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PROESA® Cellulosic Sugar Technology

Pre-Treatment Section

Enzymatic Hydrolysis Section

BIOFUELS BIOCHEMICALS LIGNIN CHEMICALS

The concept of Biorefinery

EthanolBio-JetButanolMarine DieselGreen Diesel

Fatty Alcohols1,4 ButanediolFarnaseneAcrylic AcidSuccinic AcidBio-ethyleneBio-PEBio-EO/EGOthers

PhenolsXylene Terephthalic AcidAromatic Aldehydes

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« The future depends only on us, for this reason our future is already in good hands. »