Glanbia IrelandAgriChemWhey
EDA Conference 16th November 2018Bill MorrisseyBioeconomy Program Manager Glanbia Ireland
2
Glanbia Ireland 2017
Great People
1,800
Total Revenue
€1.8bn
Products sold in over
70+countries
Investment in milk processing assets
€359m
Milk Intake (litres)
2.7bn
Production
facilities11
€4.4bnEconomic Impact
3
Traceability
Ambitious suppliers
Engaged workforce
Strong relationship
with our farmers
Unique contributions to rural economies
Global commercial
footprint
Committed Leadership team
Global recognition
Insight: Whey Permeate = Bottleneck for whey processing
Current Value Chain
Action: Convert low value Whey Permeate side-streams from dairy processing into Lactic Acid and valuable co-products
Disruptive BiotechnologyWhey Permeate
&
Delactosed
Permeate
Gypsum
Animal Nutrition
ProbioticHydroxyapatite
Toothpaste
Micro Plastic Substitute
Mushroom compost
Phosphate binder
Soil conditioner
Pre
treatm
ent
Dow
nstr
eam
Dow
nstr
eam
L-Lactic acid
AgriChemWhey
Co- Products
Polylactic
Acid (PLA)
Potential: A World First, Multi Product Bio-Refinery
Lactic Acid: Global Value $1.75B by 2022,- 8.6% CAGR Demand Driven by PLA
Hydroxyapatite: CAGR of 5.9%, - $2.97 billion market by 2023
Bacillus coagulans Probiotic: Probiotic market 7.4% CAGR €64.6 billion by 2023,
Gypsum: Substitute for current vitamin & mineral calcium carrier for animal feed mills Granular lime substitute for land use
WHY AGRICHEMWHEY WILL WIN
• Strong global growth in demand for Lactic Acid – CAGR of 8.6%.
• Ability to supply the PLA market with a second generation feedstock
• Efficient and protected technology (patent filed)
• Large and growing whey permeate pools in Ireland
• Potential to be a global player in the Lactic Acid industry
• Lowest feedstock cost in the EU and globally very competitive
• H2020 research and innovation grant approved for €22m
MARKET
CAPABILITY
COST MODEL
& FUNDING
OUR LOCATION – NATIONAL BIOECONOMY CAMPUS, LISHEEN
National Bioeconomy
Innovation & Piloting
Facility
Glanbia Biorefinery
CMP Mushroom
Substrate Facility
• National Pilot facility is a key enabler for new
job creation
• De-risking future investment in the sector
20222014 2018 2020 2021
Timeline
Commission & OperateBuildR&D
2023
Design & Scale
TIMELINE OF THE OPPORTUNITY
AGRICHEMWHEY