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Alcohols to Hydrocarbons (ATH)Advanced Bioeconomy Leadership Conference6th Annual Aviation & Military Biofuels SummitWashington, D.C.
Friday March 13th 2015
Forward-Looking Statements
© 2013 Gevo, Inc. | 2
Certain statements within this presentation may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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.
© 2015 Gevo, Inc. | 3Source: Adapted from Nexant
Benzene
Toluene
Xylenes
Aromatics
Unsaturated Polyesters
Polypropylene
Jet Fuel
Gasoline
Diesel
Natural Gas Steam Cracking Olefins
PyrolysisGasoline
meta-Xylene
para-Xylene
ortho-Xylene
Methyl Methacrylate
Toluene Diamine
Cyclohexane
Ethyl Benzene
Cumene
Acrylonitrile
Propylene Oxide
Isobutene
Ethanol
alpha-Olefin
Polyols
Phenol
Acetone
Styrene
Adipic Acid
Caprolactam
Toluene Diisocyanate
Phthalic Anhydride
Isophthalic Acid
PTA
Ethylene Glycol
MTBE/ETBE
Polyesters(PET)
Plasticizers
Polyurethane
Nylon 6
Nylon 66
SB Latex
ABS
Polystyrene
Butadiene-Styrene
Polybutadiene
Polyacrylonitrile
Polyisobutylene
Polyester
Poly(vinyl cloride)
Polyethylene
Ethylene
Propylene
Butylenes
Butadiene
Vinyl Chloride
Crude Oil
Ethylene Oxide
EDC
Hydrocarbon Fuels
Naphtha
Chemicals and Materials
Renewable Building Block ApproachFrom EtOH and IBA most chemicals can be madeSimple chemistry to convert alcohols into key building blocks
Alcohols
Produced thousands of pounds purified by Sulzerand sold to TorayR&D work sponsored by Coca-Cola; supply discussions on going
Interest in bio-acetone from Brenntag Canada for solvents, pharmaceuticals and electronics applicationsLarge volume markets, such as feedstock for MMA
Lanxess produced butyl rubber from out IBAMajor JP chemical company has made bio-methylmethacrylate, supply/collaboration discussions ongoing
Produce bio propylene in the laboratoryNo commercial biobasedPP alternative todayDiscussion with strategicsfor PP are just beginning
ASTM Certification led by Gevo, expected 1H 2015Supplied to US Military and others for engine and flight testing.
Oligomerization technology can be used to produce a Renewable DieselEarly stageOptions for ETO products to allow for entrance into CNG market for diesel engines
Products, Partners, and Customers
Jet Fuel C8/Isooctane PX
Sales of both isooctane and isoocteneRed Bull Racing is using our Octane
Discussions with Major gas supplier for investment and H2 offtakeInterest appears strong in renewable hydrogen
Isobutylene
© 2015 Gevo, Inc. | 4
Diesel
AcetoneHydrogen
Propylene
IBA to Hydrocarbons
© 2015 Gevo, Inc. | 5
© 2015 Gevo, Inc. | 6
Process Flow
© 2015 Gevo, Inc. | 7
Isobutanol Isobutylene C8-C16 olefins
Dehydration
Oligom
erization
Hydrogenation
Fractionation
Isooctane
Jet
2-phaseseparator
Water
i-BuOH
Dehydrocyclization
Crystallization
PX
Flight
© 2013 Gevo, Inc. | 8
ASTM D4054
© 2012 Gevo, Inc. | 9
Standard Practice for Qualification and Approval of New Aviation Turbine Fuels and Fuel AdditivesSchematic of the overall qualification process for new fuels
Ethanol to Olefins (ETO)
© 2015 Gevo, Inc. | 10
Result of work on IBA to hydrocarbonsSeveral patents filedStrategic interestAttractive economicsMultiple business models
Breakthrough on Ethanol to Hydrocarbons and Chemicals
© 2015 Gevo, Inc. | 11
Ethanol
Isooctane
Jet Fuel
Acetone Propylene
Rubber
Diesel
Hydrogen Isobutylene
Catalytic Conversion
Typical Applications
Lubricants
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
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Propylene
isobutylene Other
Hydrogen
Propylene
isobutylene
Other
Hydrogen
Pursuing offtake agreements for:– Jet
• Commercial• Military
– PX– Renewable Hydrogen– Other chemical products– Other fuel products
Line up strategic partners for investmentEstablish a business of converting Alcohols to Hydrocarbons (ATH)
What’s Next
© 2015 Gevo, Inc. | 13
Glenn JohnstonMain: 303-858-8358 x2281Direct: [email protected]