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A smart fuel would be worthless
The Other Oil Problem
Chemical Market
Oil Refiners Bulk Chemical Mfr. Specialty Chemical Mfr. Flavor / Fragrance Mfr.
Volume
Value
Fuels
Bulk Chemicals
Specialty Chemicals
$$$
$
BME Value Pyramid
4 Target Chemicals
Chemical Retail Profile
iso-propyl formate $1228 / Liter tropical, cocoa, ethereal, solvent
tert-butyl acetate $308 / Liter camphor, blueberry, voc exempt
iso-propyl proprionate
$422 / Liter fruity, sweet, pineapple, banana
propyl butyrate $407 / Liter apricot, rancid, sweaty
Millions of liters of each chemical are sold annually.
Demand outstrips supply - months long backorders are commonplace.
4 Target Chemicals
Chemical RetailCost of Production
iso-propyl formate $1228 / Liter
tert-butyl acetate $308 / Liter
iso-propyl proprionate
$422 / Liter
propyl butyrate $407 / Liter
Millions of liters of each chemical are sold annually.
Demand outstrips supply - months long backorders are commonplace.
$4.50 / Liter
$4.50 / Liter
$4.50 / Liter
$4.50 / Liter
Energy - Equivalent Fuel Prices
Challenges
•High volume - low margin
•Price parity with gasoline
Generation One Fuels
Jatropha Algae Synfuel
Challenges
•Emphasis still on fuel•high volume - low margin•Price parity with gasoline
Generation Two Fuels
How does the petroleum industry make fuel profitable?
They make valuable stuff first!
Anaerobic Fermentation Reactors
Biomass
Primary Products: Organic Acids, AmmoniaSecondary Products: Methane, Hydrogen Sulfide, CO2
Esters & Thiols
Ammonia
Biogas
(Methane, Hydrogen, Hydrogen Sulfide, CO2)
Carboxylic Acids
BME pathway to co-products
AdvancedAnaerobic Fermentation
AGATE System capable of handling high nitrogen biomass through hybridization of bacteria with specific metabolites
AGATE System
AGATE Bioreactor System (Acids, Gases, and Ammonia Targeted Extraction): utilizes hybrid polyculture microorganisms to produce carboxylic acids from a broad portfolio of non-sterile biomass Patents Filed
MEGAN Reaction Column: esterifies base chemicals with intermediates in a single stage utilizing chromatography & sonochemistryR&D Stage
ASHLE (Ammonia Stripping, Hydrogen Liberation Electrolysis): ammonia and hydrogen production from AGATE reactorsR&D Stage
BME Highlights: Core Technologies
$3 per gallon
The Future
Collaboration
•not everyone is going to be vertically integrated •recognize where your tech fits into the bigger picture•collaborate, not for my sake but for your own
