BDC Symposium
Ottawa, September 29, 2015
Our Business
Heating Oil
Biomass Conversion Fuel Oil
Feedstock to Biofuel
Refinery
Coprocessing
20-100 million litre/year RFO
production facilities Refinery Feedstock
Ensyn’s RTP® Technology
70
60
Approximate Product
50 Yields
40 (weight %)
30
20
10
0
Liquids gas char
• Maximizes conversion of solid biomass carbon
to the liquid phase
• non-catalytic, thermal process
• Similar to Fluid Catalytic Cracking (FCC)
• No need for catalysts, high pressure or
hydrogen
• Gas and char used to run the facility and dry
Confidential the biomass 3
UOP Alliance
Broad technology alliance with Honeywell UOP
Envergent Technologies Inc
(55% UOP, 45% Ensyn)
provides engineering services and RTP equipment to RFO
production projects worldwide
Provides performance guarantees
Ensyn and UOP are allied in the commercialization of refinery
coprocessing
Confidential 4
Strategic Relationships
Institutional Shareholders
RFO Heating Applications
Over 25 years of combustion of RFO on an industrial scale
Approximately 20 million gallons combusted in industrial
boilers
Now demonstrated across a range of applications
Large commercial/institutional
District Heating
Mining (indurating furnace)
RFO Heating Sales & Contracts
Memorial Hospital, New Hampshire
100% conversion to RFO over last 14 months
Generating D-7 RINs
Valley Regional Hospital, New Hampshire
Youngstown, Ohio District Heating
ArcelorMittal, Quebec
Strategic Alliances with
infrastructure/heating oil suppliers
Refinery Coprocessing
ASTM spec fuels
NOT blends
Crude Oil RF Gasoline
Ensyn’s RFO RF Diesel
RFO Coprocessing leverages on existing refinery infrastructure
Lowers total CAPEX & OPEX
Facilitates implementation
Refinery Coprocessing vs traditional approaches
Crude Oil Diesel / Gasoline
Traditional biofuels
RFO Ethanol, biodiesel
(Blends)
9
Coprocessing Yields
% Yields From Coprocessed RFO-VGO Compared to
% Yields from VGO
(ratio of yields)
110%
100%
90%
80%
70%
60%
50%
Petco 1 - Demo Petco 2 - Pilot Petco 3 - Pilot Average
Gasoline + Diesel Diesel Gasoline Decant Oil
CRADA –
NREL, Petrobras & Ensyn in a
Collaborative R&D Agreement
Refinery Coprocessing
Petrobras processed Ensyn’s RFO &
produced 800 gallons of diesel &
gasoline
Product used for Part 79 testing
Confirmed Ensyn’s RFO yields
Results presented March 25, 2015 at
DOE Bioenergy Technology Office
(BETO)
Petrobras’ 200 kg/hr (30 bpd
Demonstration FCC
Enablers of TEA: Yields/Catalyst
95% VGO + 90% VGO +
100% VGO
Weight % 5% Bio-oil 10% Bio-oil
Dry Gas 3.5 2.8 2.8
LPG (C3-C4) 13.8 13.8 12.5
Gasoline (C5-220°C) 39.9 40.6 38.8
Diesel (220-344°C) 20.3 19.6 19.2
Bottoms (+ 344°C) 16.1 14.4 14.4
Coke 6.4 6.0 6.5
CO 0.0 1.0 1.7
CO2 0.0 0.4 0.6
Water 0.0 1.4 3.5
• Negligible catalyst deactivation caused by alkaline metals
was found with 5 wt.% bio-oil.
• Longer test runs are necessary to address this issue.
12
Part 79
Part 79 process taking place over the past 12-18
months
RFO produced in Ontario facility, shipped to Petrobras
in Brazil
800 gallons of renewable diesel & gasoline produced
at Petrobras SIX facility, shipped to a major oil co in
the US for initial testing
Final testing carried out at Southwest Research (SwRI)
in San Antonio
Part 79 approval for Ensyn’s renewable diesel
granted in August 2015
Results for renewable gasoline anticipated by year-
end
RFO Production
Facilities & Projects
Confidential 14
Ontario Production Facility
3 million gallons/year facility
Commissioned in 2006 as chemicals/fuels merchant facility
Enhanced in 2014 as Ensyn’s anchor fuels facility
Facility is qualified by the EPA under RFS program
Sales to qualified users in the US are generating D-7 RINs
Aracruz Project - Brazil
Partnership with Fibria Celulose S.A., (NYSE: FBR), the world’s largest
market pulp producer
First project in Brazil announced – sited at Fibria’s pulp mill in Aracruz,
Espirito Santo
Permitting and engineering in progress
Initiation of construction in early 2016
2015+ Production Build-out
17
How we got here - A 30+ Year Development Story
Early Days – 1980s and Early 1990s
Concept to Commercial
Initial scale-up
First licensing transaction (Food
Products)
Confidential
19
Mid 1990s
Scale up to 30-40 TPD
RTP image at right
Commissioned 1996
Still in production
Petroleum upgrading
Opportunity identified
Late 1990s & Early 2000s
Heavy oil upgrading
Early funding by Gulf
Sequential development
Concept
Pilot
1,000 bpd demonstration
Petroleum rights sold in 2005
at a $100 M enterprise value
Proceeds delivered to Ensyn
shareholders
2005 – 2014 – Return to Biofuels
Construction of Ontario plant - 70 TPD
Alliance with UOP
Alliance with Fibria
Expansion of heating applications &
sales
Enhancement of Ontario facility
Development of Refinery Coprocessing
Multiple additional alliances
Project development – Canada, Brazil,
US
22
2015+ Production Build-out
23
Keys To Survival
Competitive
Perseverance
Technology Setbacks happen!
Science Matters !
Alliances
Funding
Find strong friends
Sources, timing,
Timing is key:
strategy
be a dining
Traversing the
partner, not the
Valley of Death
meal!
Thank You!
