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Page 1 © Cellana 2017
Sustainable Nutrition from Marine Microalgae – the Next Production Ag Platform
July 25, 2017
David Anton, COO
Page 2 © Cellana 2017
Global issues for feedstocks: hunger, nutrition, climate change, and water
“Some 795 million people in the world do not have enough food to
lead a healthy, active life. That's about one in nine people on earth.”State of Food Insecurity in the World, FAO, 2015
“Poor nutrition causes nearly half (45%) of deaths in children under
five - 3.1 million children each year.”Series on Maternal and Child Nutrition, The Lancet, 2013
“For governments looking for shortcuts to sustainable development,
algal feedstock manages to satisfy the competing imperatives
of food security and climate mitigation by reducing resource
burdens while commodifying CO2. On large scales, this establishes
the conditions for cascading greenhouse emissions savings and a
return to preindustrial atmospheric carbon concentrations."New feed sources key to ambitious climate targets, Walsh et al., Carbon
Balance and Management (2015)
Hunger
Nutrition
Climate Change
Page 3 © Cellana 2017
Algae – superior advantages
• Rapid Growth
Microalgae are the earth’s most productive plants –– 10 to15 times more
prolific in biomass than the fastest growing land plant.
• Lower land footprint
Compared to growing sugar or starch crops (sugar cane, sugar beets, corn,
wheat, grains), or oilseed crops (soybeans, rapeseed and canola, mustard,
camelina, safflower, sunflower, and jatropha).
• Lower carbon footprint
Compared to petroleum, fish-based feeds, fish-based Omega-3s, or
fermentation-based fuels and nutrition products. Consumes CO2, so it is one of
the best carbon capture and use solutions.
• Lower fresh water footprint
Compared to growing terrestrial crops or producing fermentation-based
products.
• Processing of microalgae is less complicated
Due to algae’s small cell size and lack of lignocellulose.
Page 4 © Cellana 2017
Multi-product feedstocks are the rule – not the exception – for both biofuels and fossil fuels….
Starch (HFCS, ethanol)
DDGs (animal feed)
Industrial Corn Oil (misc.)
Soy oil (food, biodiesel, chemicals)
Soy meal (food, animal feed)
Algae
Soybean
Corn
Algal crude oil (fuels)
Omega-3 oils (nutraceuticals)
Algal meal (animal feed,food)
Petroleum
Page 5 © Cellana 2017
Algal Diversity & Composition
● The biochemical composition of microalgae is highly
variable, and dependent upon species and environmental parameters (growth irradiance and nutrient concentrations)
Proteins: 20-60 Wt %Lipids: 15-60 Wt %Nucleic acids: 2-3 Wt %Carbohydrates: 10-50 Wt%
Page 6 © Cellana 2017
Algae production at commercial scale today
• Over $70 million in gross assets and R&D developed through non-dilutive capital
• 7+ years of product development, process optimization, and commercial trials
• First whole algae products launching in 2017
Kona Facility
• Produced > 15,000 kg of microalgae since 2010
• Successful production of Omega-3s and feed for trials
• Commercial relationships
Page 7 © Cellana 2017
Proprietary ALDUO™ Technology Enables Cost Effective Productivity :Semi-sterile PBRs (in continuous mode) Inoculate Open Ponds (operated in batch mode)
High
100% Open Ponds
100% PBRs
Risk of Contamination
Low
Cost
HighLow
Covered by US Patents 7,770,322 & 5,541,056; similar Patents/Patents pending in RoW
Page 8 © Cellana 2017
Hawaii-based microalgae production for nutrition and specialty markets
BioCrude oil
Whole algae enriched with Omega-3s & protein
EPAOmega-3 oil
Vegan Protein(w/ Omega-3s)
Aquaculture Feed
Health – Vegan Omega-3s for heart and brain function/health
Nutrition – Protein to feed the growing global demand
Environment – Sustainable agriculture through • Reductions of greenhouse gases and • Conservation of land, water, & fisheries; • Crude oil co-product can replace petroleum
Page 9 © Cellana 2017
CO2 SunlightSeawater Nutrients
Grow in Photo-
bioreactors
Grow inOpen Ponds
Harvest Algae
US Patent 7,770,322;US Patent 5,541,056
Closed System
Contamination-minimized
monocultures
Open System
Economical batch
processing
Whole Algae
Cellana’s Business-to-Business, Biorefinery Model
4% Omega-3
23% Crude Oil
73% HighProteinMealSelect
Non-GMO, Algae Strain
FractionateAlgae
Algae Oils
Protein Meal
Nutraceuticals
Biocrude
Vegan Protein
Omega-3Nutraceuticals
Aquaculture Feed
High-Value Hatchery
Feed
High-ValueRenewable
Inks
Page 10 © Cellana 2017
Large and diverse addressable markets
Omega-3Nutraceuticals
SustainableInks
• DHA, EPA, & ALA Omega-3s• $18 billion by 2020 with CAGR of 13.8%
• 1% of 2015 EPA/DHA production = 6,000+ tons of Cellana Algae Biomass with $100 million+ Revenue Potential. No danger of market saturation
• Protein ingredients for human and animal nutrition• $39 billion market estimate by 2020
• Sustainable inks and functional fluids• $5 billion+ market estimate • Very high-margin sales
VeganProtein
Page 11 © Cellana 2017
Omega-3s: A Large and Growing Market
• $9.94 billion estimated market size in 2015 for Omega-3 polyunsaturated fatty acids (PUFA)
Main applications are dietary supplements, functional food & beverages, infant formula, and pharmaceuticals
• The market for Omega-3 PUFA is projected to reach $18.95 billion by 2020
Compund Annual Growth Rate (CAGR) of 13.8% from 2015 to 2020 (doubling every 5 years)
Source: marketsandmarkets.com, “Omega-3 PUFA Market Global Forecasts to 2020,” (Feb 2016)
Page 12 © Cellana 2017
Increasing Number of Everyday Products Include Omega-3s as Ingredients / on Labels
Milk Peanut Butter Breads Snacks
Cheese Baby Food Eggs Butter/SpreadsYogurt
Sauces Cooking Oil
Page 13 © Cellana 2017
ReNew™ Feed & Food – high-protein feed and food ingredients
13
• Algae meal (residual biomass after oil extraction) for fishmeal replacement and
food ingredients
• $1,000 -$4000+ per metric ton. Biomass fraction / ton: 70%
• $20+ billion aquaculture and animal feed market: potential human food market
• Customer samples to be sold from first commercial facility with commercial
products sold from second and follow-on commercial facilities located
worldwide
&Food
Page 14 © Cellana 2017
Living Ink Technologies & Cellana Algae
-Derived from algae
-Excellent particle size for ink
-Excellent lightfastness (color
persistence in UV light)
-Renewable and sustainable
carbon black alternative
Page 15 © Cellana 2017
Hawaii, North America, Asia
(250 acres,4,000+ MT whole algae + fractionated products)
2021+2004+
Laboratory
Research
2004+
Pilot
Facility
2008+
Kona
Demonstration
Facility
(6 acres)
2019+
Kona
Commercial
Facility
(54 production acres
800+ MT whole algae)
Growth plan: modular scale-up, leverage existing value chains
4% Omega-3
73% High Protein Meal
23% Crude Oil
Page 16 © Cellana 2017
Why Cellana?
• Cellana has solved the biggest challenge for outdoor production of Omega-3-containing algae - consistent production yields and sustainable economics
• Commercial scale demonstrated
• Key partners identified
• Gross margins established
• Cellana’s algae strains, yields, andproduction control systems are the “State of Technology” in the industry, per the U.S. Department of Energy
• Customers are seeking out Cellana due to shortage of available biomass and industrial-scale algae biomass producers
– Living Ink CEO: “We were unable to find a consistent supplier of green algae biomass for our renewable inks until we connected with Cellana.”
High
100% Open Ponds
100% PBRs
Risk of Contamination
Low
Cost PBRs / Open Ponds
HighLow
Page 17 © Cellana 2017© Cellana 2017Page 17
Questions?
Contact:
David Anton Ph.D.
Chief Operating Officer
[email protected](650) 228-3413 (cell)
(808) 334-1690 (office)