Methaforming Production of gasoline from naphtha and methanol at 1/3 the cost. NGTS customer presentation for ERTC 8Oct17 metric 1

Transcription

1 Methaforming Production of gasoline from naphtha and methanol at 1/3 the cost NGTS customer presentation for ERTC 8Oct17 metric 1

2 Stabilizer Methaforming: One Step Conversion of Naphtha with Methanol into Gasoline H2, H2S С1-С4 Naphtha ( C) Methanol or FCC dry gas (25%) Methaforming unit 10 atm 380 C Gasoline blendstock 92 RON ppm sulfur <1.3% benzene Water Simple one step process No precious metals in the catalyst High yield of high-octane gasoline blendstock Capital and operating costs like a hydrotreater NGTS customer presentation for ERTC 8Oct17 metric 2

3 Methaformer: Process Flow and Yields Process flow like a hydrotreater except: Methanol instead of hydrogen No recycle compressor Yields like a CCR reformer except: Most benzene converted to toluene Half of methanol becomes water NGTS customer presentation for ERTC 8Oct17 metric 3

4 Methaforming vs Reforming: Simpler and Cheaper Catalytic Reforming & Isomerization C Isomerization Naphtha Hydrotreater* Benzene reduction High octane gasoline C Reforming Catalytic reforming and isomerization Methaforming Most common technology Reduce costs to 1/3 Feed hydrotreater required Several process units *for sulfur <1000ppm in naphtha NGTS customer presentation for ERTC 8Oct17 metric 4

5 Methaformer vs Traditional Reforming Suite (HDS+CCR+isom) New 860 K tpa unit (20 K BPD) Methaforming Alternative Methaforming - Alternative Yields, $million/yr OpEx, $million/yr CapEx, $million Total NPV, $million Methaforming is better than combined process with CCR reformer $ 18 million/yr profit margin advantage $106 million lower capex Net present is $220 million better What % of the worldwide reformers are semi-regen? NGTS customer presentation for ERTC 8Oct17 metric 5

6 Slido Poll What % of the worldwide reformers are semi-regen? NGTS customer presentation for ERTC 8Oct17 metric 6

7 Upgrade Semi-regen Reformer to Methaformer Existing 860 K tpa unit (20 K BPD) Methaforming Alternative Methaforming - Alternative Yields, $million/yr OpEx, $million/yr CapEx, $million Total NPV, $million Methaforming is better than a semi-regen reformer: $ 64 million /yr profit margin advantage $ 20 million capex for conversion Net present is $410 million better NGTS customer presentation for ERTC 8Oct17 metric 7

8 Methaforming: Flexibility for Many Applications 1. FCC dry gas olefins can replace MeOH Increases margin by $100/t of naphtha 2. Process light virgin naphtha Upgrade by $170/t with MeOH and $330/t with C 2 = 380 k tpa unit is $12 million/yr better than isomerization 3. Upgrade raffinate from aromatics extraction and C6-rich stream bypassed to gasoline by $200/t 4. Process natural gasoline, FCC & coker naphthas Remove 90% of sulfur and increase octane NGTS customer presentation for ERTC 8Oct17 metric 8

9 Methaforming Light Virgin Naphtha with C2 = vs Isomerization with Recycle New 380 K tpa unit (10 K bpd ) Methaforming Alternative (isom) Methaforming- Alternative Yields, $million/yr OpEx, $million/yr CapEx, $million Total NPV, $million Methaforming is better than isomerization: $ 12 million/yr profit margin advantage $ 20 million lower capex Net present is $110 million better NGTS customer presentation for ERTC 8Oct17 metric 9

10 Grassroots Methaformer to Process Raffinate and FCC dry gas New 88 K tpa unit (2 K BPD) Methaforming Alternative (direct blending) Methaforming- Alternative Yields, $million/yr OpEx, $million/yr CapEx, $million/yr Total NPV, $million 160 n/a +160 Methaforming gives a $27 million/yr profit margin advantage upgrading 88 K tpa raffinate Net present value of the is $160 million NGTS customer presentation for ERTC 8Oct17 metric 10

11 Core Team: Chemical Science, Engineering and Business Building Denis Pchelintsev, PhD CEO Co-founder of several technology startups. Author of oil spill clean-up technology Olga Malova, PhD (30 patents) Head of Catalysis Co-inventor of the catalyst. Successful tech projects with Bayer, Eni. Joseph Lischiner, PhD (25 patents) Technologist Co-inventor, author of gas-to-methanol-to-gasoline and oligomerization plants. Stephen Sims President of NGTS-North America Energy Advisor at Houston Technology Center and World Bank. Pres of General Methanol. Career with major oil: Exxon, Citgo, ConocoPhillips. Alexei Beltyukov Chairman of the Board Entrepreneur, several profitable exits. Started Brunswick Rail (now >$2bn); managed a portfolio of industrial assets, IRR>42% over 9 years. Previously at McKinsey. NGTS customer presentation for ERTC 8Oct17 metric 11

12 Pilot Plant Laboratory plant Micro plant Reactor volume 10 ml, 0.19 l/d Total test time - 5+ years Laboratory plant Reactor volume 0.1 L, 1.9 l/d Total test hours > 2000 Typical hours per test 6 Pilot plant Reactor volume 2 L, 38 l/d Start up Feb 2015 Confirm yields, catalyst run & life Pilot plant NGTS customer presentation for ERTC 8Oct17 metric 12

13 Current Status: Intellectual Property Completed 2 Preliminary Technology Packages Completed Freedom to Operate analysis Guided by US patent attorney 4 patents in PCT process national phase 2 recent PCT patents Catalyst protected by trade secrets NGTS customer presentation for ERTC 8Oct17 metric 13

14 Current Status 6 k tpa (150 bpd) commercial plant start-up in Oct Initial feed: mix of low-octane naphtha Located east of Moscow NGTS customer presentation for ERTC 8Oct17 metric 14

15 Ongoing Refiner Discussions Owner of the site for the 6 k tpa commercial plant: 120 k tpa Methaformer at their other site Major Russian refiner: 470 k tpa (11 k bpd) Methaformer in long-range plan for 2020 Conducted 50 feed-specific pilot plant tests totaling 500 hrs Feed: raffinate, benzene precursor naphtha, light FCC naphtha & FCC dry gas Major Russian refiner: 21 k tpa (500 bpd) Methaformer Conducted 3 sets of pilot plant tests Feed: light naphtha, full range naphtha Idle process unit in China: Convert to 150 k tpa (3.5 k bpd) Methaformer for full range naphtha NGTS customer presentation for ERTC 8Oct17 metric 15

16 Convert Idle Unit: Low Capex Way to Benefit from Methaforming Convert an idle existing hydrotreater or reformer to Methaformer for < $ 5 million Do you have an idle unit? NGTS customer presentation for ERTC 8Oct17 metric 16

17 Methaforming: Summary Upgrade low octane naphtha by $ /t Produce gasoline from naphtha and methanol at 1/3 the cost with comparable yields We can predict results for your naphtha Denis Pchelintsev E. Europe, Middle Asia +7 (903) Stephen Sims Americas, W. Europe +1 (832) NGTS customer presentation for ERTC 8Oct17 metric 17