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[ 1 ]CONFIDENTIAL
Commercializing Macroalgae: The Future of Feedstocks for Industrial Biotechnology
[ 2 ]CONFIDENTIAL
HISTORY Founded in 2008 by Dr. Yasuo Yoshikuni and Yuki Kashiyama
STRATEGIC CONTROL POINT
Blocking IP that uniquely enables the production of low cost bio-based chemicals and fuels from macroalgae
FUNDING
Predominately non-dilutive funding (75%) from marquee partnerships
• Chilean Government• Statoil (Norway)• DuPont (US)• United States Department of Energy
VALUE PROPOSITION
Producing a sustainable and scalable low cost sugar alternative from macroalgae
STRATEGYCoupling our proprietary microbial technology and macroalgae aquafarming to enable partners to produce renewable fuels and chemicals
About Bio Architecture Lab
[ 3 ]CONFIDENTIAL
The Global Feedstock
[ 4 ]CONFIDENTIAL
FERMENTABLE SUGAR REQUIRED TO SUPPORT GLOBAL BIOFUEL GROWTH
2008 2015 2020 2025 2030 2035
174278
325371 405
475
Million Metric Tons of Sugar
Source: EIA 2010 International Energy Outlook, 2010
Sugar is the “New Crude Oil”
■ Conventional sugar producers may not be able to support this global demand
■ Significant upward pressure on conventional corn and sugar prices
■ Both corn and sugar cane compete for arable land and freshwater
■ BAL value proposition is to deliver fermentable sugars at 6-12 cents per pound
[ 5 ]CONFIDENTIAL
Macroalgae is the Ideal Biomass for Sugar Production
■Fastest Growing Plants on Earth
■Well Studied Aquafarming■Perennial Biomass
ABUNDANT
■Local Species Available■Significant Coastline
Farming Potential■Demonstrated
Commercial Scale Farms
SCALABLE
■No Competition for Land ■No Fresh Water■Beneficial to the Oceans■Low Carbon Footprint
ENVIRONMENTAL
■High Sugar Content■No LIGNIN to degrade ■Competitive with Brazilian
Sugar Cane■Co-product Opportunities
LOW COST
[ 6 ]CONFIDENTIAL
Macroalgae is a Global Feedstock That Can Scale to Meet World Sugar Demand
Optimal Macroalgae Areas
[ 7 ]CONFIDENTIAL
The BAL Solution
[ 8 ]CONFIDENTIAL
Synthetic Biology is BAL’s Strategic Control Point
Macroalgae Conversion Fermentation Fuels and Chemicals
OligoalginateAlginate Polymer
DEHU
Transporter
GlycolysisKDG
Product
■ Only BAL technology can metabolize the sugars in seaweed to make it an economically viable biomass.
■ BAL has a multi-platform technology that can convert macroalgae into both renewable fuels and chemicals
■ Blocking IP internationally■ BAL technology is applicable
to any microbial product ■ BAL technology can
metabolize the sugars in most species of seaweed
■ Pilot Plant June 2012
[ 9 ]CONFIDENTIAL
DiverseMacroalgae Species
Saccarina japonica
Macrosystis pyrifera
Other Macroalgae -Durvilla, Lessonica, Sargassum
DiverseHost Microbes
E. coli
Yeast
Other Microbes
BAL Technology Platform is Macroalgae, Microbe, and Product Agnostic
Risk Reduction
DiverseProduct Portfolio
Chemicals
Butanol
Ethanol
Ethanol
[ 10 ]CONFIDENTIAL
The BAL Team
[ 11 ]CONFIDENTIAL
An Experienced Management Team
Daniel Trunfio CEO
Dr. Rich Bailey CTO
Ric Lucien CFO
Yuki Kashiyama Founder, Gerente General, Chile
Dr. Yasuo Yoshikuni Founder, CSO
Dr. Alejandro Buschmann World Renown Seaweed Expert
Dr. Candace Swimmer Sr. Director, Research
Ajay Kshatriya Director, Commercial
Commodity and Supply Chain
Biology andProcess Development
Strategy and Commercialization
[ 12 ]CONFIDENTIAL
Marquee Investors and Strong Funding
$38M
Grant from Chilean Economics Development Agencyfor Ethanol Production
Grant from ARPA-E (DOE) for Butanol Production
Statoil Strategic Partnership for Ethanol Demonstration and Commercialization
Seed and Series A Energy Capital Management
Non-Dilutive
Equity
[ 13 ]CONFIDENTIAL
Thank You
STRONGPARTNERSHIPS
COMPANYMOMENTUMFIRST MOVER
SIGNIFICANTDEMAND
EXPERIENCEDTEAM
COMPELLINGBIOMASS