rivertop mike knauf ablc next 2014
TRANSCRIPT
Novel Chemicals™
Commercializing the first novel products from Rivertop’s sugar acid platform
Mike Knauf, CEO ABLC Next
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RIVERTOP >
Versatile chemical oxidation technology for producing novel chemicals from renewable feedstocks.
First to bring a low cost supply of glucaric acid to the market.
HO
OH
OH
OH
OH
O
OH
O
HOO
HOOH
OH
OH
RIVERTOP’S PLATFORM TECHNOLOGY
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Same process, multiple products possible
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VENTURE FUNDING
April 2014 – First Major Financing
• Raised a total of $26 million
• Two main investors
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Major Milestones
• Build first commercial scale plant – 1st Generation production technology – Commercial sales mid-2015
• Demonstrate 2nd Generation process – Design and build continuous flow pilot – Generate data to build 2nd Generation
production facility
• Build Commercial Team
RIVERTOP’S 3-S STRATEGIC PRIORITIES
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Manufacturing scale = Cost attractiveness
Scale Scale
Standardization Standardization Standardization
Standardization Standardization
Speed to scale + Speed to market
Become industry standard across chosen end markets
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RIVERTOP MARKETS AND COMMERCIAL APPROACH
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Cost Attractiveness Technical Performance
Customization Supply Access & Availability Sustainability Platform Versatility
De-icing – corrosion inhibition
Consumer detergents
Industrial & institutional cleaning
Paint additives
Food & beverage
Partnering
Oil & gas
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0
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pH 11
mg
CaCO
3 /
g Se
ques
terin
g Ag
ent
MGDA STPP Riose®
Citrate
O
Al
O
HO
HO
O
O
O
O
HO
HO
Ca2+
Detergent builder for automatic dishwashing formulations
AUTO DISH PERFORMANCE
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Test formulation w/ Riose® detergent builder
Current Commercial Formulations
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Video
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Anti-icing reduces salt usage 3x-7x!
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Corrosion inhibitors for road brine deicers/anti-icers
SALT BRINING OPERATIONS AND THE PUBLIC BENEFIT FROM USE OF CORROSION INHIBITORS
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Uninhibited brine
Brine w/ 3.5% Headwaters®
corrosion inhibitor
Coupon cleaning
Coupon cleaning
70+% reduction in corrosion
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RIVERTOP’S BREAKTHROUGH: SUGAR ACID PRODUCTION COST AND SCALABILITY
ABLC Next
One-pot oxidation + no NOx release = Low-cost process
Rivertop Process
NOx
Nitric Acid
Oxygen
NOx
Nitric Acid
NOx
Conventional Process Sustainable • Catalytic closed-loop • 95% nitric recycled • Feedstock flexible
Cost Savings • 35% on raw materials • 30-50% on plant capital • Reduced permitting costs
Scalable • Proven at pilot scale • Standard equipment
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RAPID PATH TO COMMERCIAL PRODUCTION
Demonstrated process scalability
• Produced 7,700 lb of glucarate product w/DTI (Danville, VA) in 2012
• Leveraged DTI expertise in oxidation chemistry
First commercial scale plant under development
• 8 MM lb annual glucarate capacity for less than $1 CapEx per lb of output
• Option to expand production capacity
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Leveraging low capital cost and contract manufacturing partners to achieve scale
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Pilot Campaign
7,700 lb
MANUFACTURING BUILD-OUT STRATEGY
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2010 2011 2012 2013 2014 2015 2016 2017
1st Gen Process
Lab Scale Demonstration
1 kg/batch
1st Commercial Plant
8-10 MM lb/year
Semi-Works Design
2013 2014 2015 2016 2017 2018 2nd Gen Process
Semi-Works Online World Scale
Plant
~100 MM lb/year
15
117,000 lb/year
$
2nd Commercial Plant
Capacity TBD
Novel Chemicals™
THANK YOU! [email protected]
November 10, 2014 ABLC Next
Scale Scale
Standardization Standardization Standardization
Standardization Standardization