air fuel synthesis cleantech investor challenge 2012
DESCRIPTION
A recent presentation given by Peter Harrison, CEO of AFS, at the Cleantech Investor Future Transport Challenge event. Companies in the most innovative parts of the transport industry made 'Dragon's Den' style pitches to a panel of investors at the conference, which was chaired by journalist and television presenter Quentin Willson. AFS was presented the challenge winner award at the evening reception by Patrick Head, co-founder of Williams Formula 1, who noted that there had been a high standard of participants, but that AFS was the ‘clear winner’.TRANSCRIPT
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Air Fuel Synthesis
Cleantech Investor Future Transport Challenge
Carbon-neutral liquid fuels
Peter Harrison Chief Executive
Air Fuel Synthesis
www.afsfuels.com 1
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Air Fuel Synthesis
www.afsfuels.com 2
AFS is seeking £5m investment to construct its first commercial facility with a project IRR potential of 15%, in return for which equity is available
A scalable investment opportunity
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Air Fuel Synthesis Renewable energy to liquid fuels
AFS delivers carbon-neutral liquid fuels from renewable sources anywhere…
Putting renewable electricity into your tank
www.afsfuels.com 3
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Air Fuel Synthesis Experienced, capable team
Brian Sykes Co Secretary
Dr David Benton Founder
Dr John Barton Founder
Prof Tony Marmont, Founder
Graham Truscott Marketing
Stephen Burwood Finance
David Still CBE Chairman
Peter Harrison, CEO & Founder
Monique Purdy
www.afsfuels.com 4
Dr Bob Jennings Technology
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Air Fuel Synthesis Market opportunities
High volume energy storage and balancing.
Specialist uses for renewable methanol and petrol.
Integration with thermal and bio energy projects.
A synthetic replacement for fossil fuel.
www.afsfuels.com 5
Petrol from electricity
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Air Fuel Synthesis
www.afsfuels.com 6
Market scalability
General transport fuels
Time
Niche markets for clean, synthetic carbon-neutral fuels
Energy storage and balancing
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Air Fuel Synthesis
www.afsfuels.com 7
Market scalability
Time
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Air Fuel Synthesis The AFS process
Core technologies:
Fuel reactor systems
System integration
IP based on CO2
www.afsfuels.com 8
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Air Fuel Synthesis The concept is proven
Methanol and petrol from CO2, H2 and electricity
www.afsfuels.com 9
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Air Fuel Synthesis Product
Synthetic replacement for fossil fuels.
Direct substitute for existing liquid transport fuels.
Carbon-neutral.
Can be produced as methanol, diesel, petrol, jet fuel, and on to plastics and chemicals to suit market conditions.
www.afsfuels.com 10
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Air Fuel Synthesis AFS business strategy
Develop and prove technology in demonstrator (through 2012)
Pilot phase – 1 tonne per day
Partner/joint-venture specific opportunities
www.afsfuels.com 11
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Air Fuel Synthesis Initial niche markets
1. Operate/own small/medium scale fuel synthesis demonstrator plants (provide fixed direct energy cost for 25 years).
2. Capture surplus renewable electricity (especially where stranded) 3. Island communities 4. Applications, eg, distribution centres, motorsports, where carbon-neutral
and/or energy security adds a premium
www.afsfuels.com 12
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Air Fuel Synthesis 1st Initial niche market
Focus on establishing cash flow
www.afsfuels.com 13
Renewable fuel blends for motor racing
Cleaner than fossil fuels.
Carbon-neutral
“Drop in” blend
Premium pricing
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Air Fuel Synthesis
www.afsfuels.com 14
£
Time
Oil price
AFS cost
Niche Refinery
Advantage of fixed cost base
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Air Fuel Synthesis AFS: the company
www.afsfuels.com 15
Experienced, capable team Sound business strategy Strong ethical culture and approach Commercially sustainable business Developing intellectual property Ambitious – a viable long term future
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Air Fuel Synthesis
www.afsfuels.com 16
£5m Investment highlights
Scalable from container sales up to refinery Very low feedstock costs means increasing margins Not competing against food crops First in market opportunities Cash positive without requiring fiscal support
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Air Fuel Synthesis Renewable energy for liquid fuels
Thank you
Peter Harrison Chief Executive Air Fuel Synthesis
www.afsfuels.com
+44 1325 247 910
www.afsfuels.com 17
[email protected] Twitter: @AFSFuels Facebook: Air Fuel Synthesis