Dr Sean Simpson Cofounder and Chief Scientist of LanzaTech 1 - PowerPoint PPT Presentation

Dr Sean Simpson Cofounder and Chief Scientist of LanzaTech 1

Consider the Cherry Tree " A cherry tree produces thousands of blossoms which create fruit for birds, humans and other animals in an effort to grow one tree. The blossoms and fruit that fall to the ground aren't waste, they are food for other systems and processes that nourish the tree and soil. It's a question of design and eco-effectiveness, a question we should be addressing in our approach to life and manufacturing ." (McDonough, W; Braungart, M. Cradle to Cradle :Remaking the Way We Make Things. 2002, North Point Press, New York)

Introducing: Dr Sean Simpson  Studies • BSc: University Teesside: Biotechnology • MSc: University of Nottingham: Plant Genetic Engineering • PhD: University of York: Plant Biochemistry  Career – Hoffmann La Roche: Switzerland – Sandoz: Austria Cell culture / Drug production – JIRCAS: Japan – Genesis R&D: New Zealand Crop improvement – LanzaTech: New Zealand Industrial Biotechnology 3

The LanzaTech Process: Fuel from gases Novel gas fermentation technology captures CO-rich gases and converts the carbon to fuels and chemicals Gas feed stream Gas reception Compression Fermentation Recovery Product tank • Gases are sole source of energy • Production of fuels and chemicals • Potential to make material impact on the future energy pool (>100s of billions of gallons per year) • Completely outside of the food value chain • Biofuel and carbon capture technology solution 4

Global energy demand and consumption is rising World energy consumption will increase by 53% between 2008 and 2035 ( IEA2011 report )

Burning fossil fuels will contribute to a 43% rise in global GHG emissions by 2035  Global energy-related emissions of carbon dioxide (CO2) – the principal greenhouse gas – is projected to rise 43 percent between 2008 and 2035, reaching 43.2 billion metric tons in 2035. ( International Energy Outlook 2011) 6

Today biofuels consume land we need for food World population is projected to grow from 6.8 billion in 2009 to 8.6 billion in 2035. http://www.iea.org/weo/docs/weo2011/other/WEO_methodology/WEM_Methodology_WEO2011.pdf “World wide about 18% of sugar is being used for biofuel today” Peter Brabeck-Letmathe Chaiman of Nestle in The Weekend interview, WSJ, Sept 3 rd 2011

Potential for high volume production Ethanol Potential From LanzaTech Process 70 million tons/yr 4.5 billion gal/yr Globally Petcoke 1.4 billion 30 billion gal/yr tons steel/yr Globally Steel Industry Biomass 1.3 billion 190 billion gal/yr tons/yr potential in US Significant Impact on Fuel Pool No Impact on Food Production 8

A Fast Path to Commercialization Pilot Demonstration Commercial 4Q2011 2013 2008 – 15,000 gallons ethanol – 100,000 gallons ethanol – >30 million gallons per year per year per year – BlueScope steel mill, NZ – Baosteel – Baosteel – Operating since 2008 Commercial Production by 2013 9 Non-Confidential

LanzaTech Global Partnerships 10 Non-Confidential

Global Recognition 2012 • LanzaTech Selected as Bloomberg New Energy Finance “New Energy Pioneer” MIT technology review • LanzaTech has been named one of the 50 most innovative companies in the world 2011 • Dr. Sean Simpson was named NZ Entrepreneur Of The Year in the Technology • Ranked 8 th in Hottest 50 and Emerging Business Category Bioenergy Companies • Ranked 27 th in Hot 30 Renewable Chemicals Companies • LanzaTech won the award for 2011 • “Best Innovation by an SME” in “Sustainable Technology Innovation of the Year” the global ICIS Innovations Awards 2011 • 2011 Frost & Sullivan Global Green • TiE50 for energy and cleantech Excellence Award for Technology • The top 50 represent the Innovation in Green Chemistry best in entrepreneurship – “risk -taking yet pragmatic, visionary but market aware”…  The global Red Herring Top 100, which Double win for LanzaTech recognises LanzaTech as one of the 100 • 2011 NZBIO Company of the Year most innovative new technology companies. • Cofounder and chief scientist Dr. Sean Simpson won the NZBIO 2011 Young • Global Cleantech Top 100 and Biotechnologist of the Year Award “Company of the Year Asia Pacific” for 2011

Global Media Coverage (snapshot) October 11, 2011 Virgin Atlantic Announces Pact To Develop Low-Carbon Jet Fuel Virgin Atlantic said Tuesday it partnered New Zealand-based energy company LanzaTech to develop a low-carbon jet fuel in India for use in its passenger planes. October 11, 2011 Virgin to use „recycled‟ fuel on flights April 08, 2011 Lanzatech 和 Icy 合作开发生物化学品生物谷 June 08, 2011 Mitsui embraces LanzaTech‟s CO to ethanol technology March 01,2011 The new Brew Barons in fermentation technology 12

Next Stop: Using CO 2 for chemicals Fuels Gas-to-liquids CO 2 Gas Product Storage fermentation recovery Acetate + Polymers H 2 Chemicals CO 2 uptake and capture demonstrated in a continuous fermentation • CO 2 is the carbon source, for product synthesis 13

Acetic Acid: The case for NZ  NZ imports acetic acid  2011 – NZ$4.8 million mostly from US, China and Taiwan  Acetate is an important chemical reagent and industrial chemical used in - softdrink bottles -photographic film - poly vinyls like wood glue -synthetic fibres and fabrics 14 Confidential Business Information

Acetic Acid: The case for NZ Benefits to NZ economy if plant is built –  10-20 early stage design and engineering jobs  500-1000 construction related jobs  >1000 plant operation and associated jobs  Self-sufficiency versus importing – balance of trade  Use of waste gases and reduction of carbon into the atmosphere  NZ technology commercialised 15 Confidential Business Information

Acetic Acid: The case for NZ Innovation – NZ‟s key to sustainability for future generations : “Above all else – it‟s innovation that is the key to business success “If you have useful innovation, you will have a ready market, you will access the capital, you will be able to hire the skilled people, you will be able to more efficiently use resources, and you will be able to base yourself where the infrastructure can support you. “So it stands to reason that if we want faster economic growth for our country and – frankly in the world – then innovation is crucial.” Minister of Science and Innovation Stephen Joyce – to the Asia Pacific Science Policy Studies Research Conference February 2012 16 Confidential Business Information

Acetic Acid: The case for NZ Innovation – NZ‟s key to sustainability for future generations : “And are we taking advantage of our smallness? Are we using our size to advantage by being nimble, flexible, and quick, or are we wrapping ourselves in big country processes that cost a lot of money but nullify one of the key potential benefits of our small size. “Are we set up well for translation and commercialisation of scientific insights into the commercial world?” Minister of Science and Innovation Stephen Joyce – to the Asia Pacific Science Policy Studies Research Conference February 2012 17

A Sensible Path… Waste for Energy Aligns: Energy Energy Industrial Efficiency Security Growth Land for Food for People Allows: To Produce Land For People Food 18