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Transformative Feedstock
Technologies
Advanced Biofuels Marketplace
November 9, 2010
Some Key Drivers…
F l Supply
Fuel S l Fuel Demand
Pretreatment CSL
Feedstock
F d t k
Feedstock
Handling
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0%
Feedstock costs at the refinery gate are the single largest cost component in
bioenergy…and
gy most forms of fossil energygy as well
Fermentation Ethanol,
Butanol,
Renewable Petroleum
FermDiesel
Chemicals
Biogasoline
Sweet Sorghum
Sugars
Catalytic Biocrude
Cracking
Syngas Ethanol/Butanol
Gasification Fermentation
Switchgrass
Miscanthus Catalytic Ethanol
High Biomass
High-Biomass Conversion
Sorghum
Sweet Sorghum Fischer-Tropsch BTL Diesel
Bagasse
Electric Vehicles Will Need Biomass Too
European Commission
Agriculture & Rural Development
2 tons
Crop & Forestry
Crop & Forestry
Residues
5 tons
Woody
10 t
10 tons
Energy Grasses
(Current )
20 ton energy crops
20‐ton energy crops
reduce the footprint
by 90%
Total
Home
Away
Biotechnology
Hybrid genetics
& biotechnology
have driven a
Single-Cross
els/Acre
Hybrids five-fold
increase in
Bushe
average U.S.
Open Pollinated
Open-Pollinated
corn yyields
Double Cross
since 1940.
World Average 59 70 81
Competing
C ti ffor
land for growing
of feed crop
(alfalfa) Hint:
80% off US corn
is for FEED not
FOOD use
It’s the Oil, Not The Ethanol
10% = .68B
• High-yielding
g y g C4 g
grass
• Enables short-radius
harvest collection,
harvest, collection
transportation
•P
Produces
d electricity
l t i it and
d
biofuels
Marginal
Low Fertilizer “low rent”
Drought Tolerance land
Salt Tolerance
Reduced
refining
costs
Improved
Conversion Low capital
costs
Ceres Approach
Plug
g into existing
g “steel in the g
ground”
– Sweet sorghum in Brazil
– Biopower in coal-fired
coal fired power plants
435 existing
g mills
Positive fermentation
results
Current large-scale
commercial trials with
multiple mills
Excellent p
prospects
p for
south-eastern US as
well
Ceres Sweet Sorghum Hybrids
Biopower “Steel in the ground”
• Baseload
• Coal substitute
• Low-risk
technology
• Reduce CO2,
SOx and Nox
• European market
• Permanent job demand • Future caps on CO2
creation
• Limits of other renewables • Co
Co-fire
fire opportunity in coal belt
Have Feedstock Solutions Ready as
Cellulosics Get “Steel in the ground”
g
Otoka Energy
Lignol KL Energy
Iogen
g
Raven
Enerkem
Pacific Ethanol Flambeau River RSE Pulp
Zeachem AE Biofuels Biofuels Mascoma Dynamotive
Energy
Poet Qteros
KL Energy Poet Mascoma
Iogen Newpage
Green Fuel
Association
Coskata
Abengoa
Lignol
g ICM
EdenIQ Ecofin
Abengoa
Genera
CA Ethanol INEOS Bio Operational
Enerkem
A
Amyris
i
In Construction
Louisiana Range
Green Fuels
Planned
Cello Fuels
HBE Terrabon Verenium
Coskata
R
Renergie
i
US Envirofuels Verenium
Driving Yield Increase Through Technology
Energy Crops
Switchgrass,
Gene-Trait
Gene Trait Miscanthus etc
Miscanthus, etc.
DNA Transform into Evaluate
E al ate in
Sequencing Model Plant Associations Model Crop
Various Plant Species Arabidopsis Rice
Food Crops
Rice, Corn, Soybean, etc.
Hundreds of candidate trait genes and
markers identified
Biomass yield Plant architecture
Tolerance to environmental stresses
Nitrogen
g use efficiencyy
Disease resistance
High-biomass sorghum with Skyscraper™
Forage
Sorghum
Nitrogen Use Efficiency In Energy Crops
Increasing yields and reducing fertilizer needs
Above-ground biomass is
carbon
b neutral
t l
Biotechnology
Hybrid genetics
& biotechnology
are being
Single-Cross
applied to
els/Acre
Hybrids
dedicated
Energy crops today
Bushe
energy crops
and will drive
Open Pollinated
Open-Pollinated
Double Cross yield
i ld iincreases
and improved
conversion
Source: USDA
35
Imagine the future
…and work backwards
Marginal
M i l
Low Fertilizer “low rent”
Drought Tolerance land
Salt Tolerance
Reduced
refining
costs
Improved
Conversion L
Low capital
it l
costs
Why Be In The Seed Business?
Capital
p light
g
Intellectual property protection
High barriers to entry
Upstream in the value chain
The common denominator, regardless of end
molecule or drive train
High margins/profitability
The Future Is Now
• Premium
P i Seeds
S d &
Traits
• Robust pipeline
Thank You
Ceres, Inc
805.376.6500
www.ceres.net
The Perfect Energy Crop
Utilizes atmospheric,
p ,
not industrial CO2 Perennial: multi-year crop,
efficient nutrient use, high
fossil energy ratio
Optimized architecture:
dense p
planting,
g, no lodging,
g g,
easier harvest
Deep roots: drought
tolerance, nutrient uptake,
Able to thrive on marginal carbon sequestration
land: salt
salt, drought and
aluminum tolerance
A carbon-negative opportunity
CO2
Above-ground
harvested biomass is
“carbon neutral”
CO2
•Grow
Grow up through
increased yields in all
crops.
“We
We cannot
•Grow up through de-carbonize the
increased conversion
world’s
world s energy
efficiency.
ffi i
supply without
•Grow sustainably through biomass.”
lower inputs and higher
sequestration.