Novel Chemicals™
UNLOCKING APPLICATIONS FOR BIO-BASED CHEMICALS THROUGH A NOVEL SUGAR ACID PLATFORM
Tyler Smith, PhD – VP of R&D
WBM USA 2014 October 28, 2014 1
October 28, 2014 WBM USA 2
RIVERTOP > Versatile chemical oxidation technology for producing novel chemicals from renewable feedstocks.
First to bring a low cost supply of glucaric acid, a top 10 renewable chemical, to the market.
HO
OH
OH
OH
OH
O
OH
O
HOO
HOOH
OH
OH
RIVERTOP’S BREAKTHROUGH: SUGAR ACID PRODUCTION COST AND SCALABILITY
WBM USA
One-pot oxidation + no NOx release = Low-cost process
Rivertop Process
NOx
Nitric Acid
Oxygen
NOx
Nitric Acid
NOx
Conventional Process Sustainable • Catalytic closed-loop • 95% nitric recycled • Feedstock flexible
Cost Savings • 35% on raw materials • 30-50% on plant capital • Reduced permitting costs
Scalable • Proven at pilot scale • Standard equipment
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October 28, 2014 WBM USA
Innovation
HNO3 O2 + H2O + NO
HNO3 + Glc GA + NO Adipic Acid Process (DuPont)
HNO3 + KA oil Adipic Acid + N2O
Ostwald Process (BASF)
4NH3 + 5O2 4NO + 6 H2O 2NO + O2 2NO2
3NO2 + H2O 2HNO3 + NO
Rivertop’s Process
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Nitric acid production
Nylon 6,6 Intermediates
Pilot Campaign
7,700 lb
DUAL MANUFACTURING PATHS
October 28, 2014 WBM USA
2010 2011 2012 2013 2014 2015 2016 1st Gen Process
Lab Scale Demonstration
1 kg/batch
1st Commercial Plant
8 MM lb/year
Semi-Works Design
2013 2014 2015 2016 2017 2018 2nd Gen Process
Semi-Works Online World Scale
Plant
100 MM lb/year
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117,000 lb/year
RAPID PATH TO COMMERCIAL PRODUCTION
• Demonstrated process scalability – Produced 7,700 lb of glucarate product w/ DTI
(Danville, VA) in 2012 – Leveraged DTI expertise in oxidation chemistry
• First commercial scale plant under development – 8 MM lb annual glucarate capacity for less than $1
CapEx per lb of output – Option to expand production capacity
• Commercial scale plant project made possible by investments from…..
October 28, 2014 WBM USA
Leveraging low capital cost and contract manufacturing partners to achieve scale
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RIVERTOP’S 3-S STRATEGIC PRIORITIES
October 28, 2014 WBM USA
Scale Scale
Standardization Standardization Standardization
Standardization Standardization
Manufacturing scale = Cost attractiveness
Speed to scale + Speed to market
Become industry standard across chosen end markets
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RIVERTOP VALUE PROPOSITION - SUPPORTING MARKET DEVELOPMENT
October 28, 2014 WBM USA
Cost Attractiveness Technical Performance
Customization Supply Access & Availability Sustainability Platform Versatility
De-icing – corrosion inhibition
Consumer detergents
Industrial & institutional cleaning
Paint additives
Food & beverage
Partnering
Oil & gas
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EXAMPLE 1: Riose® DETERGENT BUILDER
October 28, 2014 WBM USA
0
50
100
150
200
250
300
350
pH 11
mg
CaCO
3 /
g Se
ques
terin
g Ag
ent
MGDA STPP Riose®
Citrate
O
Al
O
HO
HO
O
O
O
O
HO
HO
Ca2+
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AUTO DISH PERFORMANCE
October 28, 2014 WBM USA
Test formulation w/ Riose® detergent builder
Current Commercial Formulations
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EXAMPLE 2: Headwaters® CORROSION INHIBITOR
October 28, 2014 WBM USA
Anti-icing reduces salt usage 3x-7x!
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October 28, 2014 WBM USA
Salt brining presents a perfect opportunity to incorporate
corrosion inhibitors
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October 28, 2014 WBM USA
Uninhibited brine
Brine w/ 3.5% Headwaters®
corrosion inhibitor
Coupon cleaning
Coupon cleaning
70+% reduction in corrosion
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RIVERTOP’S PLATFORM TECHNOLOGY
October 28, 2014 WBM USA
Same process, multiple products possible
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