Bio-Based Paraxylene for PET - Bergeson & Campbell to Market... · 2014-12-30 · Bringing BioBased...
Transcript of Bio-Based Paraxylene for PET - Bergeson & Campbell to Market... · 2014-12-30 · Bringing BioBased...
Bio-Based Paraxylene for PET
Bringing BioBased Paraxylene Through the PET Supply Chain with Key Partnerships
Kieran Furlong, Director Chemicals Business Development
4th Annual Infocast Biobased Chemicals Summit, January 29th 2013
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Wall Street Journal, May 15th 2012
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Wall Street Journal, May 15th 2012
Virent at a Glance The global leader in catalytic biorefinery research, development, and commercialization
Employees
Technology Infrastructure
120 Employees
25x Development Pilot Plants 1x 10,000 gal/yr Demo Plant
Partners & Investors
Converting plant-based feedstocks to fuels and chemicals
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Global Petrochemical Market
Ethylene
Assoc. gases / Naphta
127 Mt/a
Estimates of world demand , 2011 Sources: IHS Chemical, ICIS.
Propylene Butadiene* Benzene Toluene Xylene
Olefins Aromatics
Crude Oil
79 Mt/a
11 Mt/a
41 Mt/a 29
Mt/a
43 Mt/a
Natural Gas Liquids
• Approximately 330M tonnes in 2011
• Market value ~ US$440B
• BTX Market value ~ US$130B
Virent focusing on BTX
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Global Petrochemical Market
Benzene Toluene Xylene
Aromatics
Nylon Polyester Polyurethane Phenolics Polycarbonate Polystyrene
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Same polymers, same performance, same equipment
BTX Aromatic Product Tree
BTX Complex
Ortho-Xylene Meta-Xylene Para-Xylene Toluene Benzene
• Plasticizers • Polyethylene
Naphthalate (PEN)
• Purified Isophthalic Acid (PIA)
• Polyethylene Terephtlate (PET)
• Purified Terephtalic Acid (PTA)
• Polyehtylene Terephthatlae (PET)
• Toluene Diisocyanate (TDI) • Polyurethate Foams • TNT
• Polycarbonates • Phenolic Resins • Nylon 6 • Polystyrenes
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PX World Market
2010 2020
$39B
30Mt 57Mt
World
market
size (2010 USD)
World
consumption (million metric
tons)
$116B
Sources: PCI; EIA.
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Global PET Usage and Growth World PET (Film, Fiber and Resin) Production Polyester Polymer Usage by Type - 2011
Data compiled from PCI. Data compiled from CMAI World Petrochemical Conference - 2011.
6.5%/yr
6.8%/yr
5.8%/yr
CAGR Growth
Primary use of PX is conversion to PTA and then PET
Global PET is projected to double from 2010 to 2020.
Fiber is the main use of PET
Majority of PET and PX production is in the Asia/Pacific region
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Global Benzene Uses and Growth 2011
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Benzene
41.5 M Metric Tons
3.3%/yr
Ethylbenzene
51%
3.2%/yr
Polystyrene
Cumene
20%
3.75%/yr
Polycarbonates
Phenolic Resins
Cylcohexane
10%
2.1%/yr
Nylon 6
Nitrobenzene
7%
4.5%/yr
Polyurethanes
Alkyl Benzene
3%
2%/yr
LAB/LAS
Data adapted from IHS World Petrochemical Conference – 2012 (Moorhouse).
Growth Rates are from 2011 to 2016.
Major Benzene derivatives
Benzene Global Supply and Market Considerations
Shifting towards lighter feedstocks in crackers will produce less benzene
Increased ethanol blending may reduce need for aromatic octane boosters in gasoline
Decrease in US gasoline demand lowers need for reformate
MSAT 2 decreases amount of benzene that can be present in gasoline
Data adapted from IHS World Petrochemical Conference – 2012 (Moorhouse).
Sources of Benzene Production – 2011 (IHS)
0.00
0.05
0.10
0.15
0.20
0.25
Ethane Propane Butane LightNaphtha
HeavyNaphtha
Gasoil
Lighter Feedstocks
Pygas 39%
Reformate 36%
Coke Oven 5%
PX Co-Product
16%
HDA, 4%
Benzene (t) produced per unit of ethylene (t)
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Why are customers interested?
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Diversifying supply & tackling volatility Consumer interest and demands
New PTA capacity not matched by PX Supply as co-product diminishing
BioForming® Technology
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Virent’s BioForming® Technology
Fast and Robust
Inorganic Catalysts
Moderate Conditions
Industry Proven Scalability
Energy Efficient
Exothermic
Low Energy Separation
Low Carbon Footprint
Premium Drop-in Products
Tunable Platform
Infrastructure Compatible
Fuels and Chemicals
Feedstock Flexible
Conventional Sugars
Non-Food Sugars
Leading catalytic route to renewable hydrocarbon fuels and chemicals.
Virent’s “Eagle” Demonstration Plant- Madison, WI
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>50 issued/allowed patents
>150 pending patent applications
The BioForming® Concept
Corn
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Reformate
Distillate
APR/HDO
Modified
ZSM-5
Condensation
+
Hydrotreating
Aromatics
Gasoline
Jet Fuel
Diesel
Biomass
Sugar Cane
Corn
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Biobased feedstocks to direct replacement products
APR prepares biomass derived feedstocks for optimal
conversion into hydrocarbons
Feedstocks to APR include any water soluble carbohydrate
Option for natural gas co-processing (HDO) can improve
yields and economics
Demonstrated process yields are > 80% of theoretical
The BioForming® Concept
Corn
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APR/HDO
Modified
ZSM-5
Condensation
+
Hydrotreating
Biomass
Sugar Cane
Corn
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Biobased feedstocks to direct replacement products
Intermediates Alcohols Ketones
Aldehydes Furans Polyols
Potential products for use
as solvents, monomers, etc
Partnership
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PET Supply Chain
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Crude Oil
Reformate
BTX PX PTA
PET resin Preform Bottle
Cracked
Naphtha
Biomass Reformate BTX PX
Virent
PET fiber Textile Clothing
BioFormPX
Brand
Supply chain innovation
Opportunity to vertically integrate all the way back to raw feedstock.
Reduce exposure to crude oil volatility, increase security of supply.
Address sustainability requirements of the consumer and regulator.
No impact to recycling infrastructure.
Three integration points enable flexible entry to existing supply chain
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Coca-Cola & Virent Partnership
2011 - Virent and The Coca-Cola Company sign agreements to
develop and supply PX for 100% renewable, recyclable
PlantBottle™
Multi-million dollar, multi-year agreements with Virent
Joint Development Agreement
Supply Agreement
Supporting Virent’s plans for first chemicals plant
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100% Bio-based Paraxylene
Virent's plant-based paraxylene
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Summary
Growing demand for bio-based aromatics due to
Consumer demands and desire for differentiation
Shifts in petrochemical supply dynamics and fears
Tackling volatility with a portfolio approach
Partnership value to start-ups include
Economic de-risking of new projects
Funding
Leverage in existing supply chain
Defining which criteria are important (e.g. sustainability)
Co-location (with manufacturing partners)
Technology and product validation
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Virent converts plant-based sugars into 100% renewable chemicals and fuels. Our bio-
based products are identical to those produced from petroleum — direct replacements
that utilize today’s manufacturing, storage and supply chain infrastructure. If you are
interested in strategic partnering opportunities please contact:
Kieran Furlong, Director of Chemicals Business Development
Thank you.
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