Concept presentation Concept presentation London, 6th and 7th of - PowerPoint PPT Presentation

Concept presentation Concept presentation London, 6th and 7th of May 2010

MISSION: MISSION: Cost efficient solutions for environmentally friendly CO 2 transport

Company History and Milestones: 2002 Early stages of idea- and concept development 2004 First patent application 2006 First patent granted (N) Forwarded internationally 2008 Company established by the entrepreneur together with Ipark AS 2008 Locations in the science park of University of Stavanger (Ipark AS) 2008-09 Verification project, financed by Innovation Norway (budget 0,8 MNOK) 2010 European Patent approval continuation in Individual EU countries 2010-12 EU REA FP7 Programme (Budget 1,4 MEUR) – In progress g ( g , ) p g 2010-12 JIP project, financed by the industry together with the Norwegian Research Council (budget 13 MNOK)

Competence: Ola Ravndal (BEng) Ola Ravndal (BEng) General Manager Holds a degree in Mechanical Engineering from Newcastle University. He has extensive experience from the Shipping and Marine industry specialising in odd tonnage for Chemical and hydrocarbon transport, including the now established shuttle tanking business. Mr. Ravndal is the inventor of the Technology and founder of the Company the Company. Ole Jørgen Engelsvoll (MSc) Chairman of the board M.Sc Econ. with special competence in international marketing. Currently working as CEO in Typhonix AS and in Rogaland KunnskapsInvest AS. He has over 10 years of experience from leadership in 30 start up in Rogaland KunnskapsInvest AS. He has over 10 years of experience from leadership in 30 start up companies from the incubator at the University of Stavanger campus. Egil Sæl (PhD) Board member and project leader PhD in engineering from the Norwegian University of Science and Technology (NTNU) in Trondheim. He has e g ee g o t e o eg a U e s ty o Sc e ce a d ec o ogy ( U) o d e e as a broad and extensive experience from both conventional- and oil industries. Over the years he has been involved in strategic work as vice president within areas such as production, refinery and gas transport. In addition to the above, Mr. Sæl has held external seats such as Head of The Norwegian Oil Industry Association, (OLF) and board member of the Confederation of Norwegian Enterprise (NHO) Martin Sigmundstad (Msc) Advisor Director for business development in Ipark. Mr. Sigmundstad has extensive industrial experience within product development and commercialisation of spinn-off companies. In addtion, Mr. Sigmundstad has 17 years experience as manager of the technology licence department within StatoilHydro and as manager of the department for industrialisation and commercialisation.

Partners:

Technology Technology The proprietary gas ship technology gives: Th i t hi t h l i – Optimized vessel utilisation O ti i d l tili ti – No emissions from cargo vapours – No loss of valuable cargo – No loss of valuable cargo – Minimized risk from market exposure

HOW?

HOW? Economies of scale on any volume

CHALLENGE

The challenge: Today’s purging procedures

SOLUTION Environgas ’ Rapid purge technology

ENVIRONMENTAL FOOTPRINT

SOLUTION E Environgas ’ Rapid purge technology i ’ R id t h l

Technical presentation

THE CHALLENGE

The showstoppers The showstoppers Time consuming Expensive P ll ti Polluting

EXISTING PROCEDURE

Ship arrives with CO2 Ship arrives with CO2

Discharge of CO2 Discharge of CO2

Gas phase discharge Gas phase discharge

Leaving harbour Leaving harbour

Purging with LPG vapour Purging with LPG vapour

Returning to harbour Returning to harbour

Ready for LPG Ready for LPG

SOLUTION

Rapid Purge Technology No gas phase Tank filled with gas g Bellow inflates outside bellow t id b ll

Ship arrives with CO2 Ship arrives with CO2

Discharge of CO2 Discharge of CO2

Discharge of CO2 to bellow Discharge of CO2 to bellow

Bellow inflated Bellow inflated

Gassing with LPG Gassing with LPG

Ready for next cargo Ready for next cargo

Rapid Purge Technology • Enables liquefied gas carriers to to be ready f for a new, different cargo in much shorter time diff t i h h t ti than existing procedures, without emissions • Reduces time and costs in addition to • eliminating emissions • eliminating emissions • from gas carriers upon cargo change

BUSINESS CASE Dualtrade CO2 / LPG

Economy

Economy

Economy

Economy

Economy

Economy

Th The showstoppers h Time consuming Expensive P ll ti Polluting

Rapid Purge Technology Rapid Purge Technology Rapid turnaround p Inexpensive Cl Clean

Forthcoming verification project • Final negotionations with EU FP7 for a project for Petrochemical gas carriers (Budget 1 4 Meur) Petrochemical gas carriers (Budget 1,4 Meur) • Dialog with Norwegian Research Council for CO2 transportation development (Budget 13 MNOK) p p ( g ) • Looking for Industrial partners for CO2 project L ki f I d i l f CO2 j