performance plastics and the mission for bio-based polymers · 2015-01-22 · performance plastics...

Performance Plastics and the Mission

for Bio-Based Polymers

December 8, 2014

Olga Selifonova

HOLDINGS LLC

BIO Pacific Rim Summiton Industrial Biotechnology and Bioenergy

December 7-9, 2014 San Diego, CA

2014 Reluceo Holdings 2

PXLK

All Sustainable Wealth of Civilization

is Derived from Agriculture and Forestry

2014 Reluceo Holdings


Mission and Vision:

To DOUBLE

the Economic

Output

of Existing Crops


Sugars from Cellulosic Biomass…

Platform Technologies…

Bioplastics…

Commercial Success to Date…

Investors’ Fatigue ?


1998

Who wants to invest in yet another

search engine company?

Yahoo!

Excite

Lycos

Netscape

MSN

AOL

AltaVista

otherhttp://en.wikipedia.org/wiki/History_of_Google

?

2015

An inflection point for

the renewable carbon economy ?


How To Get It Right

From Ideas to Commercialization

• Addressing critical weak links early is vital for

commercialization success• Honest discussions of critical issues at all stages

• Risk discovery, problem analysis• Risk management, problem solutions

• Perfect technology as much as possible while a start-up is still small

• Premature rush to commercialization leads to

start-up failures


Choosing Right Strategy for Biomass Separation


?

1. Take C5 only: selective

separation & recovery

2. Lignin and Cellulose

are not separated:

used as energy source

3. Recovered minerals

returned as nutrients

for crop production

4. Omnivorous for types

of biomass, tolerance

for soil contamination

Mastering Biomass – A Signature Process


A Qualitatively Different

Approach

The progress from quantity to quality

1. Overcomes the most

challenging technical

hurdles

2. Drastically reduces

CapEx

3. Reduces biomass

collection footprint

4. Self-propelled by

energy embedded

in biomass

Connecting Biomass Chemistry to Products


Functional Food

Ingredients

New Proprietary

Molecules

Performance

Bioplastics

Established Industrial

Chemicals

Synergy and convergence of concepts

• Rule-changing proprietary “frontpiece” for integrating to primary forms of biomass

• Building on proven technology components and units of operation

• Industrial strength C5 chemistry processes –survivors of the age of fossil carbon industry

• Recombination of biomass chemistry conceptsto shape the future balance in the carbon cycle: PXLK and Gen2 structures


Integrated C5 Approach

Xylose (C5)

(60-70% syrup)

Xylitol(industrial

grade)

Furfural

to FA*

XLK

monomer

PXLK

BioPlastic

* FA – Furfuryl Alcohol

** LAE– Levulinic Acid Ester

Anhydro

Xylitol

LAE**

C6 +

Lignin

Energy,

Steam

Minerals

For Soil

Proprietary and

Unique Know-How…Built on

Proven

Industrial

PracticesHydrogenation

or Fermentation

Thermochemical

dehydration

OVERALL PROCESS COMPLEXITY IS

AVERAGE AND COMPARABLE

TO PROCESS FOR PET

Selected

Biomass

Source


Poly Xylitan Levulinate Ketal

Patents pending

C5 Technology Platform and Value Chain


Performance Bioplastics- PXLK

-Transparent, colorless, ductile, impact resistant bioplastic with excellent tensile strength and high heat deflection (Tg 1160C)

- Other

Functional Food- Xylose

- Dietary health benefit for control of

postprandial hyperglycemia and diabetes prevention

- Xylitol- Low caloric sweetener beneficial

for diabetes management and dental health

New Proprietary Molecules - Pentitol based

- Functional ingredients for household

consumer goods, cosmetics, deicers…

Established Industrial Chemicals- Furan derivatives

- for Ag and pharma, foundry thermosets,

monomers, wood preservation, Spandex

OO

O

O

O

O

n

O OH

OH

OH

HO

Biomass Type C5 (%)

Corn Cobs 30-32

Oat Hulls 29-32

Wheat Straw 25-27

Sugar Cane Bagasse 25-27

Birch Wood 27

Oil Palm – EFB,

Fronds

22-30

Eucalyptus Wood 20

Rice Hulls 16-18

Economic Impact – Global Opportunities


Xylose (C5) is the second most

abundant sugar on Earth

after glucose (from starch, cellulose)

O OH

OH

OH

HO

Key for C5 Carbohydrates Platform Success


O OH

OH

OH

HO

Low CapEx production

of C5 sugars from biomass

High value/ high impact

products from C5 sugars

The Bioplastic Potential: A Trillion Dollar Economy

Selected C5-rich

Ag Biomass

Production*

PXLK Bioplastic

Potential

Production @12% yield from biomass

All Plastics

Production (Worldwide, 2011)

2,480 MM T/Y

297MM T/Y

280MM T/Y

Wheat Straw

Oats, Barley and Rice Straw, Hulls

Corn Cobs, Stover

Rye, Millet and Sorghum Straw

Sugar Cane Bagasse

Oil Palm: Fronds, EFB, Trunks

The five plastics types:

Polyolefins, PVC, PS,

EPS and PET account

for about 70% of the total**

* Dry Weight

** www.plasticseurope.org


Setting Standards for Plastics: Benign by Design


PXLK:

– High performance (thermal, tensile, impact resistance, optical)

– Renewable: non-food C5 sugars from cellulosic biomass

– Devoid of toxic monomers and additives

– Degradable via hydrolytic de-polymerization with a controlled rate

(to fully biodegradable monomers)


Benign by Design: Leading by Example

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

Tensile Strength(relative %)

Elongation atbreak (relative %)

Notched Impact(IZOD) (relative%)

Heat Deflection(°C)

PXLK-Lower MW

PXLK-Higher MW*

PMMA

PC

PMMA - Poly(methyl methacrylate)

PC – Polycarbonate (89% Poly(BisPhenolA)-co-11% Carbonate))

* PXLK-Lower Mn sample (~43,000)

had subcritical Mn for true

measurement of Notched Impact IZOD.

Notched Impact Strength (IZOD) is

projected to increase >2x in

PXLK-Higher Mn (>50,000).


PXLK as a Substitute for PMMA and PC

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

Tensile Strength(relative %)

Elongation atbreak (relative %)

Notched Impact(IZOD) (relative%)

Heat Deflection(°C)

PXLK-Lower MW

PXLK-Higher MW*

PMMA

PC

* PXLK-Lower Mn sample (~43,000)

had subcritical Mn for true

measurement of Notched Impact IZOD.

Notched Impact Strength (IZOD) is

projected to increase >2x in

PXLK-Higher Mn (>50,000).

PMMA - Poly(methyl methacrylate)

PC – Polycarbonate (89% Poly(BisPhenolA)-co-11% Carbonate))

PXLK as a Substitute for PMMA and PC

PLA (polylactide)


PXLK Comparison with Incumbent Plastics

PXLK* PMMA PC PET PS ABS PP PEEK PLA PHB(A)

Tensile Strength

(MPa) 82 60 70 55 45 45 25 85 48 25

Elongation at

break (%) 30 3 110 300 3 12 14 50 2.5 4

Notched Impact

(IZOD) (J/m)* 90* 20 270 50 60 250 53 91 16 26

Heat Deflection

(°C) 100-120 90 135 70 75 95 85 200 58-60 <80

Relative Price

Rank (1-5) 2-3 2-3 2-3 2-3 1 1 1 5 1 2-3

*Preliminary data: PXLK sample (~43,000) had subcritical Mn for true measurement of

Notched Impact Strength (IZOD); projected to increase >2x for PXLK with Mn>50,000.

All PXLK values are from unformulated lab specimens.

Engineering CommodityPerfor-

mance

Averaged Data


Bioplastics

Market Size and Growth Potential for PXLK


PMMA & PC

Market

PMMA & PC

Growth ~5-6%

New PXLK

Plants(at 50,000 T/Y Capacity)

~8,000,000 T/Y up to 480,000 T/Y 9 -10 per year

Initial market position is envisioned

in PMMA and PC application space

Properties Define PXLK Resin Pricing


• Selling price for PXLK resin at a commodity scale

estimated at $4,000/T

– Based on cross-check of fundamental properties of resin (thermal,

tensile, ductility, optical clarity) with comparable incumbent renewable

and fossil carbon products

– Need 50% less PXLK than PLA plastic to have the same strength of a

part/film

– No premium factored for “green” or “renewable”

• Cost of production at a commodity scale estimated at

$1,300-$1,700/T (including CapEx depreciation)

Applications

Markets - >$20 Billion


Plastic properties and cost define the range of applications and markets

Potential Economic Impact – Example for a Company


Refined Sugar

Fuel Ethanol

Electricity

C5/PXLK

$1,600 -2,200 MM

$575 MM

$630-680 MM

~21 Million T/Y of raw cane

8 Mills

$25 MM

12-16 dwt%

bagasse (C5)

to PXLK

Additional

Revenues

Potential

(at $4,000/T)

From: 2012 Bunge Investor Day

Presentation by Ben Pearcy

www.bunge.com

Addressing Additional Challenges


CO2 Emissions

Global Warming

Carbon Depository: from Biomass to Durable Bioplastic


http://houstonairquality.com/hazy-days-in-houston-a-closer-look-at-the-recent-central-american-smoke/

May 2013

earthobservatory.nasa.gov

Burning of crop residues

in Congo

Over 23% of

total carbon

released annually

is from

agricultural waste

http://www.fao.org/ag/againfo/programmes/en/lead/toolbox/indust/bioburea.htm

C5-based bioplastics:

a solution for reduction

of agricultural fires

and for creation of

additional value for farmers

Distributed and Consolidated Steps in the C5 Platform

Process Flow: Gradual CapEx Deployment

PILOT PLANT A-Z

FRONT END

HYDROLYSIS UNITS

(PILOT=DEMO=PRODUCTION)

DEMO PLANT (PRODUCTION TRAIN 1)

PRODUCTION TRAIN 2

PRODUCTION TRAIN 4

PRODUCTION TRAIN 3

DISTRIBUTED NON-FOOD

BIOMASS FIELDS/PLANTATIONS

WITH ELIGIBLE CROPS

DOWNSTREAM CONVERSIONS OF

CONSOLIDATED XYLOSE TO PXLK

BIOPLASTIC

CONSOLIDATED

XYLOSE STREAM

TREATMENT UNITS


Sell designer products

Sell semi-finished goods and resin

Sell semi-finished goods

Business Models and Options


PXLK Plants(global licensing

model)

Commercial Plants $40->->->300MM*30-50,000T/Y resin

Demo Plant$40 MM

3,000T/Y capacity

Pilot Plant A to Z$10 MM

10-20T/Y PXLK

2015 2017 2020 2023 Years

Frontpiece Demo$5 MM

4,000T/Y xylose

Frontpiece Plants(global licensing

model)

*Gradual CapEx Deployment

Our New Brand

2014 Reluceo Holdings 30GRASPLEX is a trademark of Reluceo Holdings LLC

2015





Thank You

Olga Selifonova – https://www.linkedin.com/in/selifonova

Sergey Selifonov – https://www.linkedin.com/in/selifonov

www.reluceo.com

Join Us in Our Journey!

performance plastics and the mission for bio-based polymers · 2015-01-22 · performance plastics...

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