D1 Oils Dr. Piet van der Linde Barcelona September 20-21, 2007
description
Transcript of D1 Oils Dr. Piet van der Linde Barcelona September 20-21, 2007
1
D1 Oils
Dr. Piet van der Linde Barcelona September 20-21, 2007
2
Summary
D1 Oils: Vision and Background
Management and Structure
A focused upstream strategy
Jatropha curcas L.
Plant Science and Agronomy
3
Vision and background
Vision: To become a global leader in biodiesel supply by building a global supply chain that is sustainable and delivers value “from earth to engine”
BackgroundAIM (LSE) listed
IPO LSE AIM October 2004• £40m raised in initial two funding
rounds (October 04 and June 05)
Returned to markets December 2006
• £46m raised to take company to cash positive phase
• Focus on Agronomy
Joint venture with British Petroleum from October 2007
4
Structure and Management
2 core elements Upstream
• D1 Oils Plant Sciences– Plant Science and Agronomy
• D1-BP Fuel Plants:– Plantation management– Oil Extraction
Downstream– Refining– Transesterification– Trading
Strong management team Chairman: Lord Oxburgh
former Chairman of Shell CEO: Elliot Mannis
former CFO AWG
5
Focus of upstream activities
Focus on biodiesel feedstock species that are
Non-edibleAvoid competition oil for food vs fuel.
SustainableEnvironmentally elastic
Avoid competition with valuable ecosystems Avoid competition with land for food production Avoid excessive use of (drinking) water
High yielding Make feedstock economically viable
Social value creation Job/economy creation in emerging markets Optimal use of byproducts
6
‘Normal’ biodiesel feedstock options Rapeseed Palm Soybean
Alternative biodiesel feedstock options Jatropha Pongamia Camellina Crambe
Focus of upstream activities
7
Jatropha curcas L. (jatros = doctor, trophe = food)
Tropical/subtropical shrub
Originates from Central America
Grows 30 degrees latitude north/south
Sustainable High yield of non-edible oil Environmentally elastic Stimulates rural economic development
Biodiesel fit Oil produces high quality biodiesel
8
Biodiesel fit
Vegetable Oil composition
0
20
40
60
80
100
120
Canola Soybean Palm Jatropha
% F
A c
lass
Saturated Mono- UnsaturatedLinoleic C18:2c9,12 (n-6) α-Linolenic C18:3c9,12,15 (n-3)
Edible
Iodine
CFPP
9
Energy balance
Comparison of Biodiesel Feedstocks
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
Soy (US) Soy (US) Rape(EU)
Rape(EU)
JatrophaIndia/EU
JatrophaIndia/EU
Inputs Credits Inputs Credits Inputs Credits
Ener
gy In
put/O
utpu
t
Glycerine credit
Seed cake credit
Straw/Hulls credit
Distribution of biofuel
Esterification
Refining
Marine transport to EU
Oil Extraction
Transport, Drying & Storage
Cultivation & Harvesting
Net Inputs
10
Plant Science and Agronomy – D1’s differentiator
Mission:Create value through the application of state-of-the-art plant science and agronomy on Jatropha curcas L. and other inedible biodiesel feedstock species.
Strategy:
By-products value/ha Oil value/ha
Phase 4 Genetic Modification
Phase 3 Hybridization and Marker Assisted Selection
Phase 2 Classical Breeding and Product Placement
Germplasm fingerprintingPhase 1 Agronomy research and Accession testing
Molecular Marker PlatfromPhase 0 Germplasm collection
Crop Domestication
11
Plant Science and Agronomy – D1’s differentiator
Traditional crop development:
New Crop development
30-50 years
20-25
years
What is the retirement age in plant
biotechnology these days?
12
Plant Science and Agronomy – D1’s differentiator
Activities Breeding and Technology Development Product Placement and Agronomy Research Multiplication Sustainable Oil Supply Program
13
D1 Oils Plant Science
Key achievements
Selection of high oil / ha yielding accession collection.
Multiplication program of first selected accession.
Launch of Sustainable Oil Supply Programme.
Global, regional and country R&D network implemented.
Cooperation agreement with Keygene on molecular breeding.
14
Natural variation in oil content in Jatropha
Oil %
0,00
5,00
10,00
15,00
20,00
25,00
30,00
35,00
40,00
45,00
1 2 3 4 5 6 7 8 9 10 11 12 13Accession number
15
Natural variation in nature
Fatty acid profile Jatropha from literature (n=11)compared to some variation in nature
0
10
20
30
40
50
60
70
80
90
12:0/14:0and <
16:0/16:1 17:0/18:0 18:1/18:2 20:0 and >
Type of fatty acid
Perc
enta
ge in
oil
Jatropha curcas,EuphorbiaceaeCarissa carandas,ApocynaceaeMomordica charantia,Cucurbitaceae
16
Natural variation in oil composition in Jatropha
Oil composition
0,00
10,00
20,00
30,00
40,00
50,00
60,00
C16 C18 C18:1 C18:2 C18:3Fatty acid
Perc
enta
ge CSISESTSKTK
17
Multiplication of Jatropha
18
D1 Oils Plant Science R&D Network
19
D1 Oils
Thank you for your kind attention