ZAMBEZI

BIOREFINERY

“Pure” Glucose from 2nd

Generation Feedstocks

Ed de Jong,

IEA

Bio

en

erg

y, 1

4 N

ove

mb

er

2016

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Safe Harbor Statement

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Avantium, an innovative renewable chemicals

technology company

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Synvina, JV with BASF

the global #1 chemical company,

Future

Renewable Chemistries

employees 140

61 patent families

Geleen YXY pilot plant

24 / 7 operational

Founded in

2000 In Amsterdam

18 nationalities

Last financing round April 2016

€20m

Avantium mixed

Business model

YXY technology

development Catalysis R&D

Leading catalysis service

and systems provider for

(petro-)chemical industry

Development of next generation

bio-based FDCA monomer and

PEF polyester using proprietary

YXY technology

Renewable Chemistry

research projects

Discovery and early

development of innovative

routes from renewable

feedstock to bio-based

chemicals

4

O2

O2

O2

O2

O2

O2

O2

O2

O2

O2

O2

H2O

H2O

H2O

CO2

CO2

CO2

PEF has barrier !

5

BASF and Avantium to establish Joint Venture

Build the first commercial-scale production plant

– ‘Reference plant’ at BASF’s Verbund site in Antwerp, Belgium of

up to 50,000 tons FDCA capacity

Launch PEF commercially and develop the market

License Avantium’s technology at industrial scale combined

with continued investment in technology leadership

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First and second generation biomass (glucose)

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First generation (1G) – Sugar cane, corn, sugar beet, wheat

Second generation (2G) - Wood, agricultural residue, recycled paper, energy crops

Corn Sugar cane Sugar beet

Wood Corn stover Recycled paper

Now

Future

Why is glucose so important

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High level representation of value chains via the

sugar platform (E4Tech)

Reasons:

– Economic:

Available at good price

Good and proven logistics

– Technological:

Tests at lab scale have been done on the basis of wood chips

Does not require other pre-processing step

Retains structural integrity after process (does not crumble or slump)

– Sustainable:

Good ecological footprint

Undisputed

We continue to evaluate other alternative feedstock options

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Why Woody Biomass?

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2G Sugar Technologies Evaluated by Avantium

Technology Example Companies

Advantages Disadvantages Application Area

Pre-treatment + enzymatic hydrolysis

M&G Chemtex /Beta Renewables Sweetwater Comet …

+ High yield + Mild

conditions

- Mixed products - Enzyme cost

- Biofuels

Dilute acid / high temperature

+ Cheap process

- Low yield - Poor selectivity

(Inhibitors)

- Biofuels

Organosolv + enzymatic hydrolysis

ECN Lignol CIMV

+ High grade lignin

+ High grade cellulose fibre

- High solvent recycle costs

- Enzyme cost

- Biofuels - Biochemical

Hot Compressed Water

Renmatix + Low cost reagents

- Low yield - High pressure/temp

- Biofuels - Biochemical

Concentrated acid / low temperature hydrolysis (‘Bergius process’)

Avantium

+ High yield + High purity

- Acid / sugar separation - Corrosion

- Biofuels - Biochemicals

Avantium selected technology

Bergius Concentrated HCl hydrolysis

technology 1916 Bergius began development of industrial process of saccharification

1933 Mannheim-Rheinau plant completed (single step hydrolysis) 6-8 kt/a

mixed sugars

1939 Regensburg plant completed (destroyed 1945) 20 kt/a sugars

1948-59

Modified- Rheinau process (with sugar fractionation) 12 kt/a glucose

1953-55 Japan pilot plant

1957–87 Russia pilot plants (10 m3 scale hydrolysis reactors)

1980’s Dow USA: Pilot Plant - HCl recovery by solvent extraction

2007 HCl CleanTech (Israel) Stora Enso (2014) (HCl recovery via amine complexation)

2013-2016

Avantium studied all available know-how on Bergius process and developed proprietary improvements leading to glucose production competitive to 1G glucose

Regensburg plant

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Rheinau plant acid tanks

Rheinau plant reactors

ZAMBEZI Process

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Features

– Concentrated acid, low temperature, two-stage, high selectivity

– Near quantitative conversion of cellulose to glucose

– Fractionation: glucose, C5/C6 sugars, extractives and lignin

– Feedstock flexibility: forestry residues (wood), wastepaper, corn stover

and bagasse

Technical Breakthroughs

– Acid sugar separation

– Materials of construction

– Lignin deacidification

IP filed

Zambezi Process - 2G sugars - Cascading

BEST in class technology for Isolated Product streams Winning economics Proprietary Technical Breakthroughs • Acid sugar separation • Materials of construction • Lignin deacidification

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Flagship Plant: Zambezi Wood Biorefinery

Can be implemented in the Netherlands !

Partnership in the making

Available Plant locations

Logistics Rail/ Road/ Port

Woodchips availability

Utilities (Steam, Electricity, waste water)

Site Services/Engineering

Lignin (co-)firing possibilities

Global licensing (also for other feedstocks)

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Zambezi 10 Year Plan

2019 2022 2025 2017 2026+

Flagship Site Selection

Application Development & Validation

Feedstock Supply Agreements

Business Cases for Global Deployment

Expand to Full Capacity

Phase 2: Expansion -

Commercial scale design and EPC

Flagship launch

Licence multiple plants in multiple locations

Phase 1: Flagship Commercial scale

design and EPC

Build Pilot Plant

Flagship FEED

Pre-PDP

Flagship PDP

€€€

Funding

Scale to be finalised

Scale to be finalised

Supply & Off-Take Agreements

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Partnering Universe

Feedstock Conversion Off-takers

• Pulp & paper

• Forestry

• Agricultural

• Chemical

• Engineering

• Site / Services

• 2G Glucose

• Mixed Sugars

• Lignin (specialty or energy)

• Tall oils

Avantium has radically improved the Bergius bio-refining process to achieve

cost competitiveness and high purity 2G glucose output

– Market:

Large market for glucose and a growing need for high purity 2G glucose

Growing interest from energy industry for biomass cascading (for lignin)

Potential for higher value lignin applications

Strong interest for mixed sugars for biofuel and biogas

– Technology:

Avantium innovations in hydrolisis, acid-sugar separation, lignin-

deacidification drive process economics and product quality

Ability to use diverse range of 2G feedstock; initial focus on woody biomass

Pilot plant design completed; technology is ready for scale-up to

demonstrate Zambezi technology at pilot scale

– Partnering:

The Zambezi technology is currently wholly owned by Avantium

Avantium is working with industrial partners for the preparation of a flagship

plant in Delfzijl, and in parallel on a range of business cases across the

globe

Summary Zambezi

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Thank you for your

attention.

Questions??

ed.dejong@avantium.com

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