performance plastics and the mission for bio-based polymers · 2015-01-22 · performance plastics...
TRANSCRIPT
Performance Plastics and the Mission
for Bio-Based Polymers
December 8, 2014
Olga Selifonova
HOLDINGS LLC
BIO Pacific Rim Summiton Industrial Biotechnology and Bioenergy
December 7-9, 2014 San Diego, CA
2014 Reluceo Holdings 2
PXLK
All Sustainable Wealth of Civilization
is Derived from Agriculture and Forestry
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Mission and Vision:
To DOUBLE
the Economic
Output
of Existing Crops
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Sugars from Cellulosic Biomass…
Platform Technologies…
Bioplastics…
Commercial Success to Date…
Investors’ Fatigue ?
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1998
Who wants to invest in yet another
search engine company?
Yahoo!
Excite
Lycos
Netscape
MSN
AOL
AltaVista
otherhttp://en.wikipedia.org/wiki/History_of_Google
?
2015
An inflection point for
the renewable carbon economy ?
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How To Get It Right
From Ideas to Commercialization
• Addressing critical weak links early is vital for
commercialization success• Honest discussions of critical issues at all stages
• Risk discovery, problem analysis• Risk management, problem solutions
• Perfect technology as much as possible while a start-up is still small
• Premature rush to commercialization leads to
start-up failures
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Choosing Right Strategy for Biomass Separation
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?
1. Take C5 only: selective
separation & recovery
2. Lignin and Cellulose
are not separated:
used as energy source
3. Recovered minerals
returned as nutrients
for crop production
4. Omnivorous for types
of biomass, tolerance
for soil contamination
Mastering Biomass – A Signature Process
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A Qualitatively Different
Approach
The progress from quantity to quality
1. Overcomes the most
challenging technical
hurdles
2. Drastically reduces
CapEx
3. Reduces biomass
collection footprint
4. Self-propelled by
energy embedded
in biomass
Connecting Biomass Chemistry to Products
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Functional Food
Ingredients
New Proprietary
Molecules
Performance
Bioplastics
Established Industrial
Chemicals
Synergy and convergence of concepts
• Rule-changing proprietary “frontpiece” for integrating to primary forms of biomass
• Building on proven technology components and units of operation
• Industrial strength C5 chemistry processes –survivors of the age of fossil carbon industry
• Recombination of biomass chemistry conceptsto shape the future balance in the carbon cycle: PXLK and Gen2 structures
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Integrated C5 Approach
Xylose (C5)
(60-70% syrup)
Xylitol(industrial
grade)
Furfural
to FA*
XLK
monomer
PXLK
BioPlastic
* FA – Furfuryl Alcohol
** LAE– Levulinic Acid Ester
Anhydro
Xylitol
LAE**
C6 +
Lignin
Energy,
Steam
Minerals
For Soil
Proprietary and
Unique Know-How…Built on
Proven
Industrial
PracticesHydrogenation
or Fermentation
Thermochemical
dehydration
OVERALL PROCESS COMPLEXITY IS
AVERAGE AND COMPARABLE
TO PROCESS FOR PET
Selected
Biomass
Source
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Poly Xylitan Levulinate Ketal
Patents pending
C5 Technology Platform and Value Chain
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Performance Bioplastics- PXLK
-Transparent, colorless, ductile, impact resistant bioplastic with excellent tensile strength and high heat deflection (Tg 1160C)
- Other
Functional Food- Xylose
- Dietary health benefit for control of
postprandial hyperglycemia and diabetes prevention
- Xylitol- Low caloric sweetener beneficial
for diabetes management and dental health
New Proprietary Molecules - Pentitol based
- Functional ingredients for household
consumer goods, cosmetics, deicers…
Established Industrial Chemicals- Furan derivatives
- for Ag and pharma, foundry thermosets,
monomers, wood preservation, Spandex
OO
O
O
O
O
n
O OH
OH
OH
HO
Biomass Type C5 (%)
Corn Cobs 30-32
Oat Hulls 29-32
Wheat Straw 25-27
Sugar Cane Bagasse 25-27
Birch Wood 27
Oil Palm – EFB,
Fronds
22-30
Eucalyptus Wood 20
Rice Hulls 16-18
Economic Impact – Global Opportunities
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Xylose (C5) is the second most
abundant sugar on Earth
after glucose (from starch, cellulose)
O OH
OH
OH
HO
Key for C5 Carbohydrates Platform Success
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O OH
OH
OH
HO
Low CapEx production
of C5 sugars from biomass
High value/ high impact
products from C5 sugars
The Bioplastic Potential: A Trillion Dollar Economy
Selected C5-rich
Ag Biomass
Production*
PXLK Bioplastic
Potential
Production @12% yield from biomass
All Plastics
Production (Worldwide, 2011)
2,480 MM T/Y
297MM T/Y
280MM T/Y
Wheat Straw
Oats, Barley and Rice Straw, Hulls
Corn Cobs, Stover
Rye, Millet and Sorghum Straw
Sugar Cane Bagasse
Oil Palm: Fronds, EFB, Trunks
The five plastics types:
Polyolefins, PVC, PS,
EPS and PET account
for about 70% of the total**
* Dry Weight
** www.plasticseurope.org
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Setting Standards for Plastics: Benign by Design
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PXLK:
– High performance (thermal, tensile, impact resistance, optical)
– Renewable: non-food C5 sugars from cellulosic biomass
– Devoid of toxic monomers and additives
– Degradable via hydrolytic de-polymerization with a controlled rate
(to fully biodegradable monomers)
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Benign by Design: Leading by Example
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
Tensile Strength(relative %)
Elongation atbreak (relative %)
Notched Impact(IZOD) (relative%)
Heat Deflection(°C)
PXLK-Lower MW
PXLK-Higher MW*
PMMA
PC
PMMA - Poly(methyl methacrylate)
PC – Polycarbonate (89% Poly(BisPhenolA)-co-11% Carbonate))
* PXLK-Lower Mn sample (~43,000)
had subcritical Mn for true
measurement of Notched Impact IZOD.
Notched Impact Strength (IZOD) is
projected to increase >2x in
PXLK-Higher Mn (>50,000).
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PXLK as a Substitute for PMMA and PC
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
Tensile Strength(relative %)
Elongation atbreak (relative %)
Notched Impact(IZOD) (relative%)
Heat Deflection(°C)
PXLK-Lower MW
PXLK-Higher MW*
PMMA
PC
* PXLK-Lower Mn sample (~43,000)
had subcritical Mn for true
measurement of Notched Impact IZOD.
Notched Impact Strength (IZOD) is
projected to increase >2x in
PXLK-Higher Mn (>50,000).
PMMA - Poly(methyl methacrylate)
PC – Polycarbonate (89% Poly(BisPhenolA)-co-11% Carbonate))
PXLK as a Substitute for PMMA and PC
PLA (polylactide)
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PXLK Comparison with Incumbent Plastics
PXLK* PMMA PC PET PS ABS PP PEEK PLA PHB(A)
Tensile Strength
(MPa) 82 60 70 55 45 45 25 85 48 25
Elongation at
break (%) 30 3 110 300 3 12 14 50 2.5 4
Notched Impact
(IZOD) (J/m)* 90* 20 270 50 60 250 53 91 16 26
Heat Deflection
(°C) 100-120 90 135 70 75 95 85 200 58-60 <80
Relative Price
Rank (1-5) 2-3 2-3 2-3 2-3 1 1 1 5 1 2-3
*Preliminary data: PXLK sample (~43,000) had subcritical Mn for true measurement of
Notched Impact Strength (IZOD); projected to increase >2x for PXLK with Mn>50,000.
All PXLK values are from unformulated lab specimens.
Engineering CommodityPerfor-
mance
Averaged Data
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Bioplastics
Market Size and Growth Potential for PXLK
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PMMA & PC
Market
PMMA & PC
Growth ~5-6%
New PXLK
Plants(at 50,000 T/Y Capacity)
~8,000,000 T/Y up to 480,000 T/Y 9 -10 per year
Initial market position is envisioned
in PMMA and PC application space
Properties Define PXLK Resin Pricing
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• Selling price for PXLK resin at a commodity scale
estimated at $4,000/T
– Based on cross-check of fundamental properties of resin (thermal,
tensile, ductility, optical clarity) with comparable incumbent renewable
and fossil carbon products
– Need 50% less PXLK than PLA plastic to have the same strength of a
part/film
– No premium factored for “green” or “renewable”
• Cost of production at a commodity scale estimated at
$1,300-$1,700/T (including CapEx depreciation)
Applications
Markets - >$20 Billion
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Plastic properties and cost define the range of applications and markets
Potential Economic Impact – Example for a Company
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Refined Sugar
Fuel Ethanol
Electricity
C5/PXLK
$1,600 -2,200 MM
$575 MM
$630-680 MM
~21 Million T/Y of raw cane
8 Mills
$25 MM
12-16 dwt%
bagasse (C5)
to PXLK
Additional
Revenues
Potential
(at $4,000/T)
From: 2012 Bunge Investor Day
Presentation by Ben Pearcy
www.bunge.com
Addressing Additional Challenges
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CO2 Emissions
Global Warming
Carbon Depository: from Biomass to Durable Bioplastic
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http://houstonairquality.com/hazy-days-in-houston-a-closer-look-at-the-recent-central-american-smoke/
May 2013
earthobservatory.nasa.gov
Burning of crop residues
in Congo
Over 23% of
total carbon
released annually
is from
agricultural waste
http://www.fao.org/ag/againfo/programmes/en/lead/toolbox/indust/bioburea.htm
C5-based bioplastics:
a solution for reduction
of agricultural fires
and for creation of
additional value for farmers
Distributed and Consolidated Steps in the C5 Platform
Process Flow: Gradual CapEx Deployment
PILOT PLANT A-Z
FRONT END
HYDROLYSIS UNITS
(PILOT=DEMO=PRODUCTION)
DEMO PLANT (PRODUCTION TRAIN 1)
PRODUCTION TRAIN 2
PRODUCTION TRAIN 4
PRODUCTION TRAIN 3
DISTRIBUTED NON-FOOD
BIOMASS FIELDS/PLANTATIONS
WITH ELIGIBLE CROPS
DOWNSTREAM CONVERSIONS OF
CONSOLIDATED XYLOSE TO PXLK
BIOPLASTIC
CONSOLIDATED
XYLOSE STREAM
TREATMENT UNITS
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Sell designer products
Sell semi-finished goods and resin
Sell semi-finished goods
Business Models and Options
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PXLK Plants(global licensing
model)
Commercial Plants $40->->->300MM*30-50,000T/Y resin
Demo Plant$40 MM
3,000T/Y capacity
Pilot Plant A to Z$10 MM
10-20T/Y PXLK
2015 2017 2020 2023 Years
Frontpiece Demo$5 MM
4,000T/Y xylose
Frontpiece Plants(global licensing
model)
*Gradual CapEx Deployment
Our New Brand
2014 Reluceo Holdings 30GRASPLEX is a trademark of Reluceo Holdings LLC
2015
An inflection point for
the renewable carbon economy ?
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2015
An inflection point for
the renewable carbon economy ?
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Thank You
Olga Selifonova – https://www.linkedin.com/in/selifonova
Sergey Selifonov – https://www.linkedin.com/in/selifonov
www.reluceo.com
Join Us in Our Journey!