SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST

Page created by Russell Hughes
 
CONTINUE READING
SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST
Sustainable Jet Fuel from Biomass
         Charles E. Wyman, PhD
           President and CEO

             Irvine, California

                 ABLC Next
           San Francisco, California
              October 31, 2019
                                       1
SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST
Aviation Industry Commitment to
Climate Change Action
   •   Goal: “Reduce aviation’s net CO2
       emissions to 50% of what they were in
       2005 by 2050”*
   •   Key to reaching goal: Sustainable Aviation
       Fuels (SAF)
   •   Need: Competitively priced SAF
   *Boyd, Robert (IATA). 2018 CBGM. Policy Panel Discussion.
   http://caafi.org/resources/pdf/1.9_Policy_Discussion.pdf
                                                               2
SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST
Vertimass Technology Produces Jet Fuel
from Ethanol
   Consolidated Alcohol Dehydration and Oligomerization (CADO)

                    Fermentation

                                           Distillation

                                                           conversion
                                                            Catalytic
                                   Broth
Biomass                                                                 Jet

          Existing and future ethanol facilities          Vertimass
                                                          Bolt-on             3
SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST
Key Technical Advances
•    Simple: Single operation, no hydrogen needed
•    Technology: Vertimass successfully transferred
     CADO from ORNL to TechnipFMC
•    Stoichiometric conversion: 100% of ethanol to
     HCs and water confirmed at TechnipFMC
•    Catalyst: Advanced from powder to
     commercial extrudates and cut cost
•    Scale-up: 300x scale-up in 12 months
•    High Yields: Increased liquid hydrocarbon
     yields (C5+) from 36% to ~80% in 8 months        Result: Reduced
•    Mild Conditions: ~350 ºC and ~60 psi             conversion cost
•    Wet ethanol: 25-100% ethanol in water feed at    by ~93%
     ORNL and TechnipFMC
                                                                        4
SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST
5

Ethanol Dehydration or CADO Bolt-On
                                                                                                                     Vertimass cost to
                                                                                                     100%
 Ethanol Production Process                                                                          Ethanol         convert ethanol to
                                                                                        Molecular

                              40%
                                                                                         Sieves
                                                                                                                     jet fuel:
                To
                              Ethanol                            Rectifica
                                                                   tion
                                                                                         Water
                                                                                                                     • Little higher than
                                                                 Column
   Ethanol
 Fermentation
                Dryer
                        HE4          Beer
                                                                                                                         the cost to
   Process                          Column
                                                                   Water                                                 remove water
                                                                        Ethanol Dehydration                              from ethanol
                                                                                       Process Heat
                                        Water                                                                            now ($/Btu)
                                                                                               Light gases
                                                HE1   HE2
                                                            Catalytic
                                                            Reactor                                                  • Potential to be
                                                                                 HE3      Decanter
                                                                                                     Fungible Fuel       about the same
 CADO Ethanol to Fungible Fuel Blendstock Bolt-On                                        Water
                                                                                                     Blendstocks
                                                                                                                     • Key is to use wet
                                                                                                                         ethanol as feed
SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST
Highly Profitable Periods                                          6

                                                                     Turn on Vertimass
                                              Ethanol                     Bolt-on

                                                                                         Vertifuel

                                                                               Margin

                                  Oil

                                                                                                                     Vertifuel =
                                                                                                                     Gasoline Value +
                                                                                                                     BTX Value + RINs +
                                                                                                                     Chem Credit -
                                                                                                                     OpEx - 0.15*CapEx

Sources: Oil pricing (Indexmundi.com), Ethanol (investing.com), Vertifuel (calculated from Gasoline (indexmundi.com and D6 RINs (OPIS)    6
SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST
LCA for CADO of Different Ethanol                 7

    Sources
•   CADO passes on GHG attributes of ethanol feed
    stream
•   GHG reductions range from 40-69% for conversion
    of 1st generation ethanol to Vertifuel
•   GHG reductions range from 70-96% for conversion
    of 2nd generation ethanol to Vertifuel

                                                          7
SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST
Vertimass Technology Can Produce Other Fuels
and Chemicals in Addition to Jet Fuel from Ethanol
   Consolidated Alcohol Dehydration and Oligomerization (CADO)
                                                                            Benzene/
                                                                            Toluene/
                    Fermentation                                             Xylene

                                           Distillation

                                                           conversion
                                                            Catalytic
                                   Broth
Biomass                                                                   Jet

                                                                         Diesel

          Existing and future ethanol facilities          Vertimass
                                                          Bolt-on       Gasoline
                                                                                       8
SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST
Higher Value Chemicals from Ethanol
    Vertimass recently approved for Iowa Renewable Chemical Tax
       Credit for Benzene, Toluene, Ethylbenzene, and Xylenes

                                                  IowaCredit: 0.05/lb
                                                  (~0.35/gal)
                                                  BTEX Premium
                                                  over Ethanol ~45%
                                                  (without credit)
                                                  BTEX Premium
                                                  over Ethanol ~65%
                                                  (with credit)
1. Mundi
2. Nasdaq                                                               9
SUSTAINABLE JET FUEL FROM BIOMASS - CHARLES E. WYMAN, PHD PRESIDENT AND CEO IRVINE, CALIFORNIA - BIOFUELS DIGEST
Rapidly Build on the Largest, Established
  Renewable Fuels Platform - Ethanol
  US, Brazil, and World Sugar, Starch, and Cellulosic Ethanol Producers

                                                                                                           126 plants in Brazil
                                                                                                           (~6 billion gallons)

                220 plants in US
                (~15 billion gallons)

        Discussions with 8 US and 7 International producers for Vertimass Bolt-on
        First licensee (Alliance BioEnergy) signed on July 2, 20191
1 https://www.prnewswire.com/news-releases/vertimass-completes-first-technology-license-to-alliance-bioenergy-plus-inc-300879598.html   10
Vertimass Works with TechnipFMC for Scale-up
 • Leader in project management, engineering, and construction
 • Worldwide presence with 37,500 employees in 48 countries
 • Extensive experience in direct scale up of catalytic
   technology to commercial scale from unique pilot operations

                        1,000,000x scale-up from
TechnipFMC                Vertimas pilot/demo          Commercial
pilot/demo                                             plant
operations             ~6 months to commercial
                       unit for simple Vertimass
                                 system                          11
Technical and Economic Advantages
 •   Single reactor system
 •   Low pressure and moderate temperature
 •   Low CAPEX and OPEX
 •   Highest yields for liquid hydrocarbons
 •   Produces valuable blending components
 •   Scalable to commercial operation based on pilot/demo plant data
     being developed
 •   Strong IP position
      • Vertimass has exclusive license to 5 US patents issued to Oak
         Ridge National Laboratory with international filings
      • 1 Vertimass US patent issued, 4 other applications
      • Very positive freedom to operate
                                                                        12
Commercial Advantages
• Flexibility to shift products in response
  to markets to maximize profits
• Allows biofuels producers to lower plant
  water and energy use and GHG
  emissions
• Could debottleneck biofuels production
• Use existing pipeline network for
  Vertimass fuels, avoiding truck or rail
  distribution challenges and costs
• Reduces transport weight/volume of
  product by ~40% by removing water
                                              13
Recent Notable Vertimass Events
 •   Iowa Renewable Chemical Production Tax Credit for
     Vertimass sustainable chemicals
 •   First license for technology issued
 •   Award in progress for Scandinavian jet fuel project
 •   Selected by Biofuel Digest as among the “NEXT 50
     Companies to Disrupt the World”
 •   Working with US refiner for integration of Vertimass
     products into refining operations
 •   Selected to negotiate second DOE Award to enhance jet
     fuel properties
 •   Paper being finalized with high impact journal
                                                             14
Near Term Plans
•   Develop next generation catalyst with ORNL, DOE, and
    Vertimass laboratory
•   Complete scale up with TechnipFMC
•   Qualify gasoline and diesel blendstocks
•   Complete Fast Track followed by Tier 1 and 2 as needed
    for jet fuel blendstock qualification
•   Complete Basic Engineering package
•   Complete Detailed Engineering Design
•   Complete commercialization platform
                                                             15
Take Home Messages
• Disruptive Vertimass technology converts ethanol into valuable jet,
  gasoline, and diesel fuel additives and high value chemicals without
  adding hydrogen
• Simple technology results in low Capital and Operating costs
• Can produce hydrocarbon fuels at about the same unit energy cost
  as removing water from ethanol
• Vertimass fuels offer 40-70% GHG reductions for 1st generation
  ethanol and 70-96% for 2nd generation ethanol
• Technology can compete with oil derived equivalents at higher
  petroleum prices or with various incentives
• Can be ready for commercial scale up in months, not years
• Strong intellectual property position                                  16
Long Term Carbon Dioxide and                                                                     17

     Temperature Trends

Temperature change (light blue) and carbon dioxide change (dark blue) measured from the EPICA Dome C ice core in Antarctica (Jouzel et al. 2007; Lüthi et al. 2008).
https://www.ncdc.noaa.gov/global-warming/temperature-change                                                                                                            17
18

 Questions?
      Contact:
cwyman@vertimass.com
    617 901-7081
Technology: Consolidated Alcohol              19

Dehydration and Oligomerization (CADO)
         Oak Ridge National Laboratory invented catalyst that transforms
         ethanol into hydrocarbons in one step without adding hydrogen

                    Hydrous ethanol vapor from
                    distillation column

                     Low-cost metal-exchanged
                     zeolite catalyst
                      Aromatic and Aliphatic
                      HCs typical of blend
                      stock constituents
                      (C4-C12) with water and
 + H2O                trace ethylene byproducts
                                                                           19
Energy Flows for Transformation of
1 kg of Sugar into Fungible Fuel
         n C2H5OH/ n C2H4(H2O) => C2nH4n + n H2O
    Key: Catalyst completes removal of oxygen from biomass

                    Fermentation
    15.6 MJ                         15.2 MJ                 14.6 MJ Fungible

                                                Catalytic
    Glucose                         Ethanol                  Fuel and Gases

                                                Reactor
     (1 kg)                        (0.51 kg)                    (0.31 kg)

Fermentation                                                Catalyst removes oxygen
removes oxygen                                              as water with no ΔHc
as CO2 that has     0.00 MJ                    0.00 MJ
                                                              Result: Hydrocarbons
no ΔHc          Carbon Dioxide                   Water
                                                              capture most of ΔHc
                   (0.49 kg)                   (0.20 kg)
                                                                                      20
You can also read