Univenture, Inc AlgaeVenture Systems

Transcription

Univenture, Inc
AlgaeVenture Systems
July 24, 2008
copyright 2008 Univenture, Inc. All rights reserved.
Univenture, Inc.:
20 Years of Innovation
• Started in 1988 with patented
Compact Disc handling products
• Boot-strapped start-up with $162,000 of
capital investment in the second year
• Profitable for the last 17 years
• Consistently growing
Growing Fuel, Technology & Jobs in Ohio
July 24, 2008
Global Operations
• Marysville, Ohio:
headquarters & manufacturing
• Reno, Nevada:
sales & manufacturing
• Dublin, Ireland:
• Shenzhen, China:
• Global sales & distribution
• Over 140 employees
July 24, 2008
Ross O. Youngs
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CEO of Univenture, Inc.
Entrepreneurial environmentalist
Visionary Inventor
Inc. 500 Fastest Growing Company
– Five years in a row
• SBA National Business Person of the Year
• Ernst & Young Entrepreneur of the Year
July 24, 2008
New Technologies + New
Products = New Alternatives
• 50+ worldwide patents
• Engineering & product development
–
–
–
–
Safety-sleeve
U-1000 automation
UniKeep
EnvyPak
®
™
™
• Each involved new technology to introduce
new products and create new jobs
July 24, 2008
Manufacturing Expertise
• Manufacturing & logistics experience
• Continual improvement in all aspects
of manufacturing, processes and
automation
• Automation technology on customer
sites that are sensed, monitored, billed,
troubleshot, and upgraded remotely
July 24, 2008
Univenture, Inc.
Algae Crop™ Systems
Growing Fuel, Technology &
Jobs in Ohio
Four Key Questions
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Is the petroleum supply a real issue?
Is algae a viable alternative solution?
How will we make this work for Ohio?
What do we need for success?
July 24, 2008
Petroleum Dependence
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US has 1.6% of the world’s oil reserves
US produces 9% of world’s production
US uses 24% of the world’s production
Ohio uses 251,151,000 barrels per year
Ohio has proven reserves of 49,000,000
July 24, 2008
Increasing
Non-US
Demand
July 24, 2008
Decreasing World Supply
National Petroleum
Council’s report “Facing
the Hard Truths About
Energy” recognized that
to remain competitive
“America needs to
diversify its energy
production to include
biomass, wind, solar,
clean coal, and other
technologies”
July 24, 2008
Decreasing World Supply
Two years ago, Cera created its
Break Point scenario, to explore
how supply disruptions and
delayed development would
lead to $120-$150 oil. What was
not fully anticipated was the
impact of rapidly rising costs.
Not anticipated at all was a
falling dollar and how it has
stimulated a rush by investors
into oil.
Cambridge Energy Research Associates
CERA Chairman Daniel Yergin in the
May 28th issue of the Financial Times .
Growing Fuel, Technology & Jobs
July 24, 2008
Is petroleum supply a real
issue?
Yes
Breaking America’s dependence on petroleum
imports requires immediate and strong leadership
to provide strategic coordination of resources that
bridge industry, academia and government
interests.
Is Algae a Viable Solution?
Over thirty years of historical government research,
along with contemporary research and technological
developments, point to the viability of algae as an
extremely prolific source of both oil and feedstock
with the ability to feed virtually every aspect of the
current petroleum-product industry as well as the
evolving bio-diesel, and ethanol industry.
United States’ experience in
growing algae for fuel
July 24, 2008
How Algae Compares
• Algae
• Corn
• Soy
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Safflower
Sunflower
Castor
Rapeseed
20,000
13
48
83
102
150
171
gal/acre
gal/acre
gal/acre
gal/acre
gal/acre
gal/acre
gal/acre
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Jatropha
Jojoba
Coconut
Palm
192
192
290
640
gal/acre
gal/acre
gal/acre
gal/acre
July 24, 2008
Aquatic Species Program
Funding
• ASP began in 1978
• Ended in 1996 to focus
lean budgets on
bioethanol
• Overall investment
~$25 million
Aquatic Species Program (ASP): Lessons Learned, Eric E. Jarvis, National
Renewable Energy Laboratory
July 24, 2008
Sunlight is the focus on algae growth
Stephen Mayfield, Department of Cell Biology and The Skaggs Institute for Chemical Biology, The Scripps Research Institute
July 24, 2008
Aquatic Species Program (ASP): Lessons
Learned, Eric E. Jarvis, National Renewable
Energy Laboratory
July 24, 2008
Microalgae Collection &
Screening
• 3,000 strains
collected in 7 years+
• Western,
northwestern,
southeastern US &
Hawaii
• Most from shallow,
inland saline habitat
Aquatic Species Program (ASP): Lessons Learned, Eric E. Jarvis, National Renewable
Energy Laboratory
July 24, 2008
Cost in Perspective
• 30 years in public and private R&D into
biofuels from algae
– ~ $50 million spent
• Exxon profits $45 billion in 2008
– ~10 hours
July 24, 2008
July 24, 2008
Microalgae Diversity
• 200,000 to
1,000,000+
species
• 30,000
described
species
July 24, 2008
Where do they grow?
NASA
July 24, 2008
Where do they grow?
• “highest
concentrations are
found in the high
latitude regions, while
the tropics and
subtropics show 10
to 100 times lower
concentrations.”
EFFECTS OF INCREASED SOLAR ULTRAVIOLET
RADIATION ON AQUATIC ECOSYSTEMS
D.-P. Häder (FRG), R.C. Worrest (USA), H.D. Kumar (India), and R.C. Smith (USA)
July 24, 2008
Where do they grow?
• “phytoplankton
blooms occur in
spring and are
reduced during
summer. Sometimes
there is a second
bloom in autumn.”
EFFECTS OF INCREASED SOLAR ULTRAVIOLET
RADIATION ON AQUATIC ECOSYSTEMS
D.-P. Häder (FRG), R.C. Worrest (USA), H.D. Kumar (India), and R.C. Smith (USA)
July 24, 2008
Where do they grow?
• “There’s a million plus
species of algae that
grow in Canada
today, and if you
choose the right ones
you can grow them
very well here”
- John McDougall, CEO of the
Alberta Research Council.
Clean Break, Trends, Happenings and Innovations in Clean Technology
Market – Tyler 3 May 2008
July 24, 2008
Where do they grow?
• “…temperature
appears to be an
important factor in the
initiation of
phytoplankton blooms
(no blooms recorded
over 25°C or 77°F).”
The influence of nutrients & temperature on the global distribution of algal
blooms. Literature Review June 2007 Compiled by Leanne Sparrow and Heimann
School of Marine and Tropical Biology James Cook University
July 24, 2008
Green Belt Region
• Natural resources
– Water
– CO2
– Nutrients
• Industry
– Technology
– Infrastructure
July 24, 2008
Vision & Entrepreneurism
Required
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Private, public & philanthropic participation
Biosynthesis & genetic algal research
Engineering & processing research
Focus – measure what matters &
reward results
July 24, 2008
Univenture, Inc. & our partners will
simultaneously research, engineer,
implement, and continually improve the
production systems for
algae oil, biomass & bio-products to
commercial scale and viability.
Bringing new jobs & economic growth
Photo Bioreactors
Cost effective engineered systems and
processes that are efficient at growing
algae biomass year round.
AlgaeVenture Systems LLC
July 24, 2008
Algae Crop™ System
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Engineered closed system of cells 11’ x 200'
16 cells per acre with 80% growing surface
Control building processes for system
Up to 23,760 gallons per cell or 380,160 per acre
A system has up to 12 acres per control building
Complexes can have dozens of systems
July 24, 2008
Algae Crop Yields
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50 to 100 gdw/M2/day
Oil at 50%-80% lipid content
1.6-5 gallons algae oil per day/cell
9,344-29,900 gallons per acre per year
– Or $32,000 to $100,000 of oil at wholesale
July 24, 2008
Economics at Scale
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100 acre complex capital cost of $10 million
Job creation – direct 15 & indirect 60
Gross at 20,000 gpa = $6.8 million/yr.
$1.2 million/yr. maintenance & support
$ 2.0 million/yr. labor and materials
$ 1.4 million/yr. depreciation & other
July 24, 2008
Profit Expectations at Scale
• 32% at $3.40 per gallon price
• 8% at $2.50 per gallon price
• Breakeven at $2.30 per gallon price
– $67.65 per barrel for crude
• Spot price was $3.78 (5/30/08)
July 24, 2008
How do we Make this
Work for Ohio?
July 24, 2008
Ohio Crop Revenue
• Less than 30% of
Franklin County
growing algae would
produce EQUAL the
statewide crop
revenue of both soy
and corn
Graphical representation not actual locations
July 24, 2008
Only 527,417 acres
• 3.71% of Ohio’s
existing farmland
could supply Ohio’s
total annual
petroleum use
July 24, 2008
Economic Impact
• Producing enough algae oil to supply
Ohio’s entire current petroleum need
results in $35 billion of annual sales
• Potential 5X effect in all sectors could
increase Ohio’s GDP by 39%
July 24, 2008
Job Creation
• 79,000 jobs directly in algae industry
– ~30 “green collar” jobs per 100 acre
complex
• Construction, maintenance, operations
• New, continuing jobs that fuel extended growth
• 5X indirect and trickle effect = 395,000
July 24, 2008
Job Creation
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Plastics
Energy
Engineering
Biology
Chemistry
Manufacturing
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Management
Administration
Maintenance
Clerical
Construction
Transportation
July 24, 2008
Quality of Life
• Economic stability & GROWTH
– Local manufacturing
– Local, decentralized operation
– Supplies critical raw materials to existing & new Ohio
industry, i.e., bio polymers & bio diesel feedstock
• Environmental preservation
• Security
– Long term energy and food resources
July 24, 2008
We need to look long-range
• Developing algae oil production facilities
is simply the FIRST step in our
transition to a bio-economy.
• Bio-polymers, bio-plastics and a host of
sustainable products will follow
July 24, 2008
Transforming the Rust Belt
into the Green Gold Belt !
What it will take…
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An unprecedented collaboration
between public, private & academic
sectors
A “Manhattan Project” style effort for
Algaculture
July 24, 2008
Moving Forward
• 12-20 systems throughout Ohio
– Universities: OSU, OU, Miami, UC, other
– Research-focused: OAI, EMTEC, Battelle, etc.
– Industrial partners: bio-diesel, ethanol, power
plants, waste treatment, etc.
• Separate LLC with Univenture as Managing Member
and major funding source
• Each site starts with 15 full-scale cells & support
systems
July 24, 2008
Moving Forward
• 12-20 Partners will focus intense efforts to improve yields
through species selection, speciation, systems,
processes, and engineering throughout Ohio
• Partners will be supported by entire collaborative with
teamwork for contract bids and technology sharing
• Each partner site will expand to 16-200 acres
• Further expansion to multiple sites and increased
acreage
July 24, 2008
Moving Forward
• This initial thrust puts Ohio in the lead
– New technology development
– Human and knowledge-based assets will be
leveraged to build thousands of algae acres
nationwide and worldwide
– Advanced bio-materials and derivative products
• Worldwide attention will lead to countless
additional opportunities for Ohio
July 24, 2008
Ohio Alternative Energy Standard; Bill 221
July 24, 2008
Clearing barriers
• Pave the way for rapid implementation
– Zoning & permitting
– Local, State & Federal regulations
– Property tax freeze for algae farming
July 24, 2008
Operational Model
Univenture, Inc.
12 - 20 LLCs
20% & + %
10% & + %
Univenture
Non-Profit
Managing
Member
%
Traditional
Investors
Philanthropic
Operational Model
•Technology sharing and rewarding
•Basis for building the future
20 LLC’s x 4 Acres / day = 80 Acres / day or up to 24,000 per year or 22
years to reach 2007 Ohio petroleum usage.
•Opportunity for exceptional return
•10 year life of LLC, following Venture model
Questions

Univenture, Inc AlgaeVenture Systems

Transcription

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