Alcohols to Hydrocarbons (ATH)

Transcription

1 Alcohols to Hydrocarbons (ATH) Advanced Bioeconomy Leadership Conference 6 th Annual Aviation & Military Biofuels Summit Washington, D.C. Friday March 13th 2015

2 Forward-Looking Statements Certain statements within this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of Such statements relate to a variety of matters, including but not limited to: the timing and costs associated with and the availability of capital for Gevo s scheduled retrofits of existing ethanol production facilities, its future isobutanol production capacity, the timing associated with bringing such capacity online, the availability of additional production volumes to seed additional market opportunities, the expected applications of isobutanol, including its use to produce renewable paraxylene, PET, isobutanol-based fuel blends for use in small engines, and ATJ bio-jet, addressable markets, and market demand, Gevo s ability to produce commercial quantities of isobutanol from cellulosic feedstocks, the suitability of Gevo s idgs for the animal feed market, the expected cost-competitiveness and relative performance attributes of isobutanol and the products derived from it, the strength of Gevo s intellectual property position and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of Gevo s management and are subject to significant risks and uncertainty. All such forward-looking statements speak only as of the date they are made, and Gevo assumes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a discussion of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the company in general, see the risk disclosures in Gevo s Annual Report on Form 10-K for the year ended December 31, 2011, as amended, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the Securities and Exchange Commission by Gevo. This presentation is based on information that is generally available to the public and does not contain any material, non-public information. This presentation has been prepared solely for informational purposes and is neither an offer to purchase nor a solicitation of an offer to sell securities Gevo, Inc. 2

3 Renewable Building Block Approach From EtOH and IBA most chemicals can be made Simple chemistry to convert alcohols into key building blocks Hydrocarbon Fuels Diesel Gasoline Jet Fuel Chemicals and Materials MTBE/ETBE Polyethylene Alcohols EDC Vinyl Chloride Poly(vinyl cloride) Ethylene Oxide Ethylene Glycol Polyester alpha-olefin Ethanol Isobutene Polyisobutylene Natural Gas Steam Cracking Olefins Ethylene Propylene Butylenes Propylene Oxide Acrylonitrile Polyols Polypropylene Polyacrylonitrile Butadiene Polybutadiene Pyrolysis Gasoline Cumene Phenol Acetone Butadiene-Styrene Polystyrene Ethyl Benzene Styrene ABS Methyl Methacrylate SB Latex Adipic Acid Nylon 66 Benzene Cyclohexane Caprolactam Nylon 6 Crude Oil Naphtha Aromatics Toluene Toluene Diamine Toluene Diisocyanate Polyurethane ortho-xylene Phthalic Anhydride Plasticizers Xylenes meta-xylene Isophthalic Acid Unsaturated Polyesters para-xylene PTA Polyesters(PET) Source: Adapted from Nexant 2015 Gevo, Inc. 3

4 Products, Partners, and Customers Jet Fuel C8/Isooctane PX Isobutylene ASTM Certification led by Gevo, expected 1H 2015 Supplied to US Military and others for engine and flight testing. Sales of both isooctane and isooctene Red Bull Racing is using our Octane Produced thousands of pounds purified by Sulzer and sold to Toray R&D work sponsored by Coca-Cola; supply discussions on going Lanxess produced butyl rubber from out IBA Major JP chemical company has made biomethylmethacrylate, supply/collaboration discussions ongoing Diesel Propylene Hydrogen Acetone Oligomerization technology can be used to produce a Renewable Diesel Early stage Options for ETO products to allow for entrance into CNG market for diesel engines Discussions with Major gas supplier for investment and H2 offtake Interest appears strong in renewable hydrogen Interest in bio-acetone from Brenntag Canada for solvents, pharmaceuticals and electronics applications Large volume markets, such as feedstock for MMA Produce bio propylene in the laboratory No commercial biobased PP alternative today Discussion with strategics for PP are just beginning 2015 Gevo, Inc. 4

5 IBA to Hydrocarbons 2015 Gevo, Inc. 5

6 2015 Gevo, Inc. 6

7 2015 Gevo, Inc. 7 Process Flow Isobutanol Isobutylene C8-C16 olefins Isooctane i-buoh Jet PX Fractionation Hydrogenation Oligomerization Dehydration 2-phase separator Crystallization Dehydrocyclization Water

8 Flight 2013 Gevo, Inc. 8

9 ASTM D4054 Standard Practice for Qualification and Approval of New Aviation Turbine Fuels and Fuel Additives Schematic of the overall qualification process for new fuels 2012 Gevo, Inc. 9

10 Ethanol to Olefins (ETO) 2015 Gevo, Inc. 10

11 Breakthrough on Ethanol to Hydrocarbons and Chemicals Result of work on IBA to hydrocarbons Several patents filed Strategic interest Attractive economics Multiple business models Ethanol Catalytic Conversion Acetone Propylene Hydrogen Isobutylene Diesel Rubber Jet Fuel Isooctane Lubricants Typical Applications 2015 Gevo, Inc. 11

12 ETO Makes a Flexible Mix of Valuable Products Multiple patents filed Chemical process, not biological Makes Polymer Grade Propylene and High Purity Isobutylene Process flexibility yields a flexible plant: change product mix by changing conditions Source of renewable hydrogen Change of process conditions leads to different product mixes in same capital base Hydrogen Hydrogen isobutylene Other Other Propylene Propylene isobutylene 2015 Gevo, Inc. 12

13 What s Next Pursuing offtake agreements for: Jet Commercial Military PX Renewable Hydrogen Other chemical products Other fuel products Line up strategic partners for investment Establish a business of converting Alcohols to Hydrocarbons (ATH) 2015 Gevo, Inc. 13

14 Glenn Johnston Main: x2281 Direct: