bioplastic market overview and the road to hundred percent bio-pet

Bioplastic Market Overview and the Road to Hundred Percent bio-PET

Breakout Session, July 20th , 8:30-10:00am

Ralph Lerner

Director Business Development

Virent

Road to 100% bio-PET:Virent BioFormPX® Paraxylene

Ralph LernerDirector Business DevelopmentVirent Inc.

© Virent 2015 – All Rights Reserved – Not For Further Distribution

Biobased feedstocks to

direct replacement fuels

and chemicals


© Virent 2015 – All Rights Reserved. Not for Further Distribution.

Virent Overview

Founded in 2002 and headquartered in Madison, Wisconsin

Industry leaders as partners and investors

BioForming® Technology: Continuous process, catalytic technology, scalable

Facilities include pilot and demo plants, catalyst development lab

Extensive Intellectual Property (IP) portfolio

– 119 patents issued

– 146 patent pending applications

Infrastructure

Partners & Investors

Leading catalytic route to replace crude oil with ‘drop-in’ bio-based chemicals and fuels

Virent BioForming® Technology

Corn

BioFormate

Distillate

Feedstock

Conditioning

Virent

Aromatics

Processing

Virent

Distillate

Processing

PX, Benzene

Gasoline

Jet Aromatics

Jet Fuel

Diesel

Biomass

Sugars

Ethanol

Chemicals/Fuels

Fuels

H2

Natural

Gas

Optional

Biobased feedstocks to direct replacement chemicals and fuels

Ethanol

Biomass


Virent High Aromatic BioFormate®

Comparable to Petroleum Reformate

Virent can optimize the BioForming process to increase the

aromatics content (for chemicals production) or reproduce petro-

reformate profiles (for gasoline fuel production)


Typical petroleum-derived

naphtha reformateHigh aromatic BioFormate

Virent Competitive AdvantagesLow cost bio-based route to aromatics


Higher yields than biological pathways

Potential to access more of biomass carbon than fermentation processes

Virent Products Provide Significant Reduction in Carbon FootprintExample Life Cycle Analysis Using Ethanol as Feedstock

LCA analysis conducted by Virent and third party LCA consultant.

70% Reduction Cradle to Gate


© Virent 2015 – All Rights Reserved. Not for Further Distribution.

Pilot Plant Capability 20+ continuous pilot plants

Feedstock to final products

Flexible and versatile

Automated for 24/7 operation

Demo Scale Plants Thousands of hours of operating experience

Capable to supply bio-PX and bio-benzene samples to end-users

Pilot and Demo Plant Facilities Used to Scale Process and Produce Product

Eagle – constructed in 2009Up to 25 t/a BioFormate capacity

Falcon – upgraded in 2014BTX separation

PX crystallization – installed in 2014Up to 10 t/a bio-paraxylene

© Virent 2015 – All Rights Reserved – Not for Further Distribution

Demonstrated Scalability

Reproducible performance at 100 fold scale difference

Stable operations through months of continuous operations

Improved catalyst and operating conditions results in higher yields

Proven performance across extended operations

Process Optimization

Virent Technology Ready for Scale-UpPilot and Demo Plants Used to Optimize and Scale Process

© Virent 2015 – All Rights Reserved – Not for Further Distribution

Path to Scale for Bio-PXCommercial Demonstration Plant leading to Full Commercial Unit

Virent working on developing next-scale bio-PX facility together with partners

Summary

Virent has a bio-based PX process – first step to 100% bio-PET

Demonstrated results at pilot and demo scale

Bio-PX demo plant production available for sampling and market development

Developing plans to scale up



Thank youRalph LernerDirector Business DevelopmentVirent, Inc

3571 Anderson St

Madison ,WI 53704

608-280-1672

[email protected]

www.virent.com

bioplastic market overview and the road to hundred percent bio-pet

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