BIOZIN HOLDING AS. Seminar UiA Grimstad 20. april 2018

Transcription

1 BIOZIN HOLDING AS Seminar UiA Grimstad 20. april 2018

2 Biozin contains: Pure hydrocarbons 70% gasoline fraction 30% diesel fraction 2

3 Biozin Holding AS - Board & management 100% owned by Biozin AS Board Olav Falk-Pedersen (chair) Tom Ruud Arvid Gusland Mattias Backmark Yngve Solvang Thomas Skadal, CFO Board L. F. Askheim, CEO Mikhail Tsypkin, CTO 3

4 History

5 Why focus on biofuels? Norwegian renewable blending requirement ,0 % Renewable policy Paris agreement EU Norway International market demand 20,0 % 15,0 % 10,0 % 5,0 % 1,5 % 8,0 % 0,0 % 1/1-16 1/1-17 1/1-18 1/1-19 1/ generasjon 2. generasjon 5

6 «Start location» Åmli - preparation status Jordøya Tomteutvikling AS: The municipality of Åmli cooperates with several neighbouring municipalities Flat area, up to 13 ha Area will be prepared and secured access to water, sewer system, electricity Contract 30 years The preparation of the property will be financed by Jordøya Tomteutvikling AS 6

7 Feed stock; 26 mill m 3 growth 2015-figures ex bark ex «GROT» 5-6 mill m 3 additional, not used (SKOG 22) 2,0 mill m 3 firewood 4,5 mill m 3 pulp 1,9 mill m 3 domestic 2,6 mill m 3 export 7-8 mill m 3 saw/pulp/ energy +10% bark => 1,5 mill m 3 +20% useful GROT => 3,5 mill m 3 = theoretical volum 13 mill m 3 5,6 mill m 3 sawmill consumption 4,4 mill m 3 domestic (whereof 1,5 mill m 3 «plus-products») 1,2 mill m 3 export No deforestration! 7

8 Ambition Eidskog Elverum m.fl. Hof Ringsaker Skogn Åmli Ringerike Key figures per production facility 355 MAF ton = 700 sm 3 raw material / yr 120 mill l biozin / yr employees Investment appr. 3.5 billion NOK 8

9 Today FEL 2 FEL 3 Business Development Concept Evaluation Pre-execution Execution Construction Operation Evaluation of current operation Initiate next production facility Consept study Pre-execution management Basic engineering Detailed engineering Construction management Funding requirements 250 mnok mnok (incl. work.cap.) 4 months 6-7 months 12 months 24 months TBD 9

10 Circular economy with relatively short carbon cycle Second generation of biofuels no competition with food chain Increased natural CO 2 capture by young forest Zero-impact to nature New industry and work places 1 0

11 IH 2 technology Developed at GTI, 2009-pt Several Patent families a. technology scheme b. Key items c. Catalyst CRI-exclusive Licensor KBR-exclusive vendor of FELXstudies BIOZIN Ref: Pat Leung, presentation at ARTC, Kuala Lumpur

12 Pilot facility to scale up the technology from kgs to 5 t/day Designed to be run on commercial feedstock The process skid works, but limited by utilities Ref: Laxmi Narasimhan, presentation at Biofuels and Bioenergy: Enablers for Reducing Oil Import Dependence, New Delhi, 2016 Achieved 70% capacity on site hydrogen 1 2

13 13 Market outlook for liquid hydrocarbons

14 Market outlook for liquid hydrocarbons Market in Norway vs European Future demand development - How do we see it? Liquid hydrocarbons will continue to play an import role in transportations fuels Biofuels an important and necessary component to reach GHG reduction goals 14

15 Production of advanced biofuels Limited availability of advanced biofuels today Limited production volumes compared to typical refining volumes => economy of scales How to compete with fossil crude oil? Lots of challenges.: New technologies, significant investments, 1st generation biofuels etc 15

16 Norway - Ambitions demand and supply 45,0 % 40,0 % 35,0 % 30,0 % 25,0 % Blend of renewable fuel through Norwegian ambiton in % biofuel (0.8 Mm 3 ), whereof 8% 2 nd gen ( Mm 3 biozin ) 20,0 % 15,0 % 10,0 % 5,0 % 0,0 % 1,5 % 8,0 % Norwegian ambition in % biofuel (1,5 Mm 3 ), whereof 40% 2 nd gen (1.5 Mm 3 biozin ) 1st gen. 2nd gen. 5 biozin plants: (from 2028?) 0,6 Mm 3 biozin 16

17 Future supply of biozin Annual volumes, [m 3 /år] Sum Depends on Stable, predictible industrial conditions Tax-systems Incentives regarding fuel-blending Infrastructure Political willingness Public, financial investment Grants to the first production facility (Innovation Norway, ENOVA) Fornybar AS (and Investinor) Loans from NIB, (EIB & others) 17

18 Extra - Life cycle analysis

19 Today s way to calculate CO 2 emissions Based on Produktforskriften/ EU Directive 2009/140 Only direct factors Use of biofuel no impact to CO 2 emissions Taking into consideration only fossil Carbon Biofuel Emissions (g CO₂eq /MJ) Savings, % sugar beet ethanol wheat ethanol (process fuel not specified) sugar cane ethanol sunflower biodiesel soybean biodiesel palm oil biodiesel (process not specified) palm oil biodiesel (process with methane capture at oil mill) hydrotreated vegetable oil from palm oil (process not specified) Etanol fra hvetehalm Etanol fra treavfall Etanol fra dyrket skog Fischer-Tropsch-diesel fra dyrket skog 6 93 Dimethylether (DME) fra treavfall 5 94 Dimethylether (DME) fra dyrket skog 7 92 Metanol fra treavfall 5 94 Metanol fra dyrket skog 7 92 BIOZIN