SlideShare uma empresa Scribd logo
1 de 23
Baixar para ler offline
Smaller scale Fischer-Tropsch enables
biomass-to-liquids
Michael Williams
Gasification Technologies Council, 28th October 2014
• Leader in smaller scale gas-to-liquids and biomass-to-liquids technology
— 15 years and >$300 million invested in technology development
— Exhaustive global patent protection (>900 patents world-wide)
• Commercial roll-out underway
• Well capitalised with strong resources
— Commercial center in Houston, Texas; technical centers near Columbus,
Ohio and Oxford, UK
— Permanent pilot plant in operation
The company at the forefront of smaller scale GTL and BTL
Velocys
GTL JV
Solena GreenSky London
Red Rock
Biofuels
2
The Fischer-Tropsch (FT) process for biomass-to-
liquids (BTL)
Gasification
Velocys microchannel reactor and
super-active catalyst
Fischer
Tropsch
Syngas
carbon
monoxide
+ hydrogen
Syncrude
Synthetic
crude oil
Clean
synthetic
fuels
diesel, naphtha,
jet fuel etc.
Hydro-
processing
Biomass,
waste, coal
3
• “Drop in” replacement for petroleum derived
fuels, lubricants and other products
• Zero (or near zero) sulfur content
— Can be used as a blend stock for ultra-low
sulfur fuels
• High cetane
— Meets military specification for aviation fuel
— FT diesel powered every 24 hour Le Mans
winner since 2006
• Lower emissions
— Lower SOx, NOx and particulates compared to
petroleum fuels
— Quieter engine operation
Velocys Fischer-Tropsch fuels
Choose from a range of high value products
4
Mega-scale GTL and CTL projects
The historical face of Fischer-Tropsch
Conventional Fischer-Tropsch reactor
5
Think SmallerTM
6
Think Smaller
Plant scaled to match MSW or biomass collection logistics
Conventional FT reactor
Velocys commercial FT reactor
Nothing wasted
• Smaller scale facilities makes the most of
the resources available
Better options
• Smaller, low cost plants need less gas or
biomass to be profitable
— Enabling FT to be used for biomass
and MSW projects
— FT plants can now be sized to match
the scale of collection logistics
— A plant of 1,000 barrels per day
output (~200,000 tons of waste per
year) could be economic, depending
on local conditions, including tax
regimes
7
Our design leverages standardization,
unlocking opportunities that were previously
uneconomic
• Our design is specific for smaller scale
plants, not just a scaled down large plant
• Our components are standardized,
reducing costs
• Our strategic partnerships allow us to
deliver at volume
Smaller scale…
Improves the economics
Reactor manufacture
8
Our plants are modular, so they are easier to
ship and easier to install
• Velocys reactors are significantly smaller
and lighter than conventional technology
• 70% of a plant can be factory-built before
installation
• Modular components fit in standard
containers for ease of shipping
• Building is fast, we’ve reduced the risk of
delays, and plants can even be integrated
with existing facilities
Smaller scale…
Works anywhere
1,400 bpd FT process unit
designed by Ventech Engineers
90 ft L x 46 ft H x ~40 ft W
9
Velocys unlocks more business
by working flexibly – allowing
companies to capitalize on more
opportunities
• Smaller projects means more
opportunities, accessible to
more companies
• We have strong partnerships
with key players throughout
the value chain
• Velocys can support all
aspects of project
development and execution
Smaller scale…
Works for anyone
Ashtabula GTL
10
Commercial roll-out
Commercial plant under construction
• First of its kind in North America
• Fully funded by JV between
— Waste Management (Fortune 500)
— NRG Energy (Fortune 500)
— Ventech Engineers
— Velocys
• Construction underway
— Permits received
— Major contracts signed
— Mechanical completion end of 2015
— Full operation Q1-Q2 2016
Oklahoma City, USA
12
• Velocys selected by Solena Fuels as FT
supplier for commercial 2,500 bpd waste-
biomass-to-liquids plant
• GreenSky London plant in partnership with
British Airways
• Competitive selection process after
technology evaluation advised by Fluor
• BA to provide off-take for jet fuel
• Pre-Front End Engineering completed
• Site selection announced April 2014
— Site of former Coryton oil refinery in
Thurrock, Essex, UK
Picture courtesy of British Airways
GreenSky London
Renewable jet fuel in London
13
• Velocys selected for 1,100 bpd
biomass-to-liquids (BTL) plant
— Located in Oregon, USA
— Using forestry waste feedstock
• Supported by US Department of Defense
and US Department of Energy
— Received $4.1m phase 1 grant for
engineering in July 2013
— FEED study complete
— Received a $70m construction grant in
September 2014
• Targeting final investment decision H1 2015
• Southwest Airlines to offtake 3 million gal/yr
of aviation fuel from the plant
Red Rock Biofuels
US DoD sponsored BTL
14
Supply chain
• Commercial FT reactor manufactured
— Optimized final design for manufacture
at volume
• Catalyst service partner Mourik trained
and certified
— Catalyst loaded in May 2013
— Declared as “fit for commercial
application”
• Reactor approved as fit for deployment
by independent third party
• Manufacturing ramping up for mass
production
Ready for commercial deployment
Commercial reactor
Catalyst loading
15
Summary
• Fischer-Tropsch process now economic at smaller scales
• Converts low value input into high value liquid fuels & specialties
• Velocys technology is ideally suited to BTL applications as well
as GTL
— Can be built economically at the appropriate scale
— Meets the technical demands
• Velocys technology field demonstrated in a BTL environment
• Selected for two commercial BTL projects
— As well as two commercial GTL projects
• Construction of first commercial plant has begun
• Supply chain ready for commercial deployment
Smaller scale BTL using FT is now a reality
16
Michael Williams
VP, Strategy & Marketing
michael.williams@velocys.com
Houston office
+1 713 275 5840
www.velocys.com
Thank you
®
17
Think Smaller
Appendix
High performance reactor architecture
Microchannels intensify chemical processes
Velocys FT reactorConventional FT reactor
Microchannel
Enhanced
mass and
heat
transfer
~ 10-30 mm
~ 0.1-
10 mm
Shell-and-tube
20
• Principles of design and operation
— Particulate catalyst in small channels
— High catalyst volume fraction
— Syngas downflow, products exit bottom
— Coolant water / steam generation
— Heat removal by steam generation
• Strengths
— High per pass conversion (74-75%)
— Isothermal behavior – thermally stable
— Robust to upsets
— Strong economy of mass manufacturing
— Accommodates high activity catalysts
— Installed spares relatively cheap
— High on-stream factor
— Tail gas recycle only to achieve high conversion
— Extremely high volumetric productivity
— Ease of modularization
Compact, robust, efficient and economic
Velocys microchannel technology
Commercial FT reactor
FT reactor core
21
Pilot plant and training facility
• Integrated GTL pilot plant at the Velocys
Ohio, USA site
• Designed to provide
— Performance data to support differing
client designs
— Product for client studies
— Permanent training facility for plant
operators
• Platform for
— Developing our own field support staff
— Demonstrating future product
generations
Supporting sales and delivery
Add pilot plant photo
Pilot plant
22
BTL field demonstration - Güssing accomplishments
• FT technology demonstrated in Güssing, Austria
• Demonstration conducted 2010 -2011 on gasified wood
• Demonstrated that the high performance FT helps overcome
some challenges of BTL
— High conversion of expensive
syngas
— Robust to gasifier upsets
– 193 syngas interrupts, 32 upsets and 36 shutdowns
• Steady performance
— Excellent temperature control
— Robust to changes in H2/CO ratio
23

Mais conteúdo relacionado

Mais procurados

Essential Prerequisites for Maximizing Success from Big Data
Essential Prerequisites for Maximizing Success from Big DataEssential Prerequisites for Maximizing Success from Big Data
Essential Prerequisites for Maximizing Success from Big Data
Society of Petroleum Engineers
 
The Digital Oilfield - Collaborative Working at Global Scale
The Digital Oilfield - Collaborative Working at Global ScaleThe Digital Oilfield - Collaborative Working at Global Scale
The Digital Oilfield - Collaborative Working at Global Scale
Society of Petroleum Engineers
 
Michael_NAJARIAN_resume_5-2016
Michael_NAJARIAN_resume_5-2016Michael_NAJARIAN_resume_5-2016
Michael_NAJARIAN_resume_5-2016
Michael Najarian
 
Shawn Witt Portfolio
Shawn Witt PortfolioShawn Witt Portfolio
Shawn Witt Portfolio
Shawn Witt
 
Severn_Trent_Wanlip_Sludge_2014
Severn_Trent_Wanlip_Sludge_2014Severn_Trent_Wanlip_Sludge_2014
Severn_Trent_Wanlip_Sludge_2014
Iain McGregor
 

Mais procurados (20)

Virtual pipelines 201: Industrial CNG Applications Beyond the Pipeline
Virtual pipelines 201: Industrial CNG Applications Beyond the PipelineVirtual pipelines 201: Industrial CNG Applications Beyond the Pipeline
Virtual pipelines 201: Industrial CNG Applications Beyond the Pipeline
 
OffgridCNG Virtual Pipeline Equipment
OffgridCNG Virtual Pipeline EquipmentOffgridCNG Virtual Pipeline Equipment
OffgridCNG Virtual Pipeline Equipment
 
8. Nicole Player, MGT - Creating a Mine with Datamine Scenario Planning and S...
8. Nicole Player, MGT - Creating a Mine with Datamine Scenario Planning and S...8. Nicole Player, MGT - Creating a Mine with Datamine Scenario Planning and S...
8. Nicole Player, MGT - Creating a Mine with Datamine Scenario Planning and S...
 
Enhancing Refinery Profitability
Enhancing Refinery ProfitabilityEnhancing Refinery Profitability
Enhancing Refinery Profitability
 
Essential Prerequisites for Maximizing Success from Big Data
Essential Prerequisites for Maximizing Success from Big DataEssential Prerequisites for Maximizing Success from Big Data
Essential Prerequisites for Maximizing Success from Big Data
 
CNG Compression Equipment Webinar - Evaluating Critical Components of Natural...
CNG Compression Equipment Webinar - Evaluating Critical Components of Natural...CNG Compression Equipment Webinar - Evaluating Critical Components of Natural...
CNG Compression Equipment Webinar - Evaluating Critical Components of Natural...
 
eni_EST_esecutivo
eni_EST_esecutivoeni_EST_esecutivo
eni_EST_esecutivo
 
Facility Modification Requirements for Natural Gas Vehicle Maintenance
Facility Modification Requirements for Natural Gas Vehicle MaintenanceFacility Modification Requirements for Natural Gas Vehicle Maintenance
Facility Modification Requirements for Natural Gas Vehicle Maintenance
 
Clean Energy Ccompression Corporate Overview 2016
Clean Energy Ccompression Corporate Overview 2016Clean Energy Ccompression Corporate Overview 2016
Clean Energy Ccompression Corporate Overview 2016
 
A Compelling Case for Natural Gas Vehicles
A Compelling Case for Natural Gas VehiclesA Compelling Case for Natural Gas Vehicles
A Compelling Case for Natural Gas Vehicles
 
Virtual Pipelines 101: Delivering Cost-Effective Natural Beyond the Pipeline ...
Virtual Pipelines 101: Delivering Cost-Effective Natural Beyond the Pipeline ...Virtual Pipelines 101: Delivering Cost-Effective Natural Beyond the Pipeline ...
Virtual Pipelines 101: Delivering Cost-Effective Natural Beyond the Pipeline ...
 
The Digital Oilfield - Collaborative Working at Global Scale
The Digital Oilfield - Collaborative Working at Global ScaleThe Digital Oilfield - Collaborative Working at Global Scale
The Digital Oilfield - Collaborative Working at Global Scale
 
Case Study: Natural Gas Letdown Reliability
Case Study: Natural Gas Letdown ReliabilityCase Study: Natural Gas Letdown Reliability
Case Study: Natural Gas Letdown Reliability
 
Michael_NAJARIAN_resume_5-2016
Michael_NAJARIAN_resume_5-2016Michael_NAJARIAN_resume_5-2016
Michael_NAJARIAN_resume_5-2016
 
Shawn Witt Portfolio
Shawn Witt PortfolioShawn Witt Portfolio
Shawn Witt Portfolio
 
Severn_Trent_Wanlip_Sludge_2014
Severn_Trent_Wanlip_Sludge_2014Severn_Trent_Wanlip_Sludge_2014
Severn_Trent_Wanlip_Sludge_2014
 
Barbil Angul Slurry Pipe line
Barbil Angul Slurry Pipe lineBarbil Angul Slurry Pipe line
Barbil Angul Slurry Pipe line
 
GAIL
GAILGAIL
GAIL
 
BDSResume1
BDSResume1BDSResume1
BDSResume1
 
FPSO Redeployment
FPSO RedeploymentFPSO Redeployment
FPSO Redeployment
 

Semelhante a Velocys ppt141028_Gasification_Technologies_Council

Velocys ppt140730_Velocys_GTL Technology Forum
Velocys ppt140730_Velocys_GTL Technology ForumVelocys ppt140730_Velocys_GTL Technology Forum
Velocys ppt140730_Velocys_GTL Technology Forum
John Glenning
 
Earth_Renewed_CNRGH2.1
Earth_Renewed_CNRGH2.1Earth_Renewed_CNRGH2.1
Earth_Renewed_CNRGH2.1
dCORE
 
JEC 030916 wide FINALR2
JEC 030916 wide FINALR2JEC 030916 wide FINALR2
JEC 030916 wide FINALR2
Stephen Oman
 
BULLITT CENTER, SEATTLE, WASHINGTON.pptx
BULLITT CENTER, SEATTLE, WASHINGTON.pptxBULLITT CENTER, SEATTLE, WASHINGTON.pptx
BULLITT CENTER, SEATTLE, WASHINGTON.pptx
PushpaHarshitha05
 

Semelhante a Velocys ppt141028_Gasification_Technologies_Council (20)

Velocys ppt140730_Velocys_GTL Technology Forum
Velocys ppt140730_Velocys_GTL Technology ForumVelocys ppt140730_Velocys_GTL Technology Forum
Velocys ppt140730_Velocys_GTL Technology Forum
 
Green Capitalism: India, August 7, 2014
Green Capitalism: India, August 7, 2014Green Capitalism: India, August 7, 2014
Green Capitalism: India, August 7, 2014
 
Harsh Pershad (Innovate UK) presenting 'Funding Opportunities from Innovate U...
Harsh Pershad (Innovate UK) presenting 'Funding Opportunities from Innovate U...Harsh Pershad (Innovate UK) presenting 'Funding Opportunities from Innovate U...
Harsh Pershad (Innovate UK) presenting 'Funding Opportunities from Innovate U...
 
Global Renewable Energy ENgines presentation at LLNL
Global Renewable Energy ENgines presentation at LLNLGlobal Renewable Energy ENgines presentation at LLNL
Global Renewable Energy ENgines presentation at LLNL
 
Earth_Renewed_CNRGH2.1
Earth_Renewed_CNRGH2.1Earth_Renewed_CNRGH2.1
Earth_Renewed_CNRGH2.1
 
Meec introductory presentation jan 2015 copy
Meec introductory presentation jan 2015 copyMeec introductory presentation jan 2015 copy
Meec introductory presentation jan 2015 copy
 
SMI 4 Oct 2012 Velocys.pdf
SMI 4 Oct 2012 Velocys.pdfSMI 4 Oct 2012 Velocys.pdf
SMI 4 Oct 2012 Velocys.pdf
 
JEC 030916 wide FINALR2
JEC 030916 wide FINALR2JEC 030916 wide FINALR2
JEC 030916 wide FINALR2
 
BULLITT CENTER, SEATTLE, WASHINGTON.pptx
BULLITT CENTER, SEATTLE, WASHINGTON.pptxBULLITT CENTER, SEATTLE, WASHINGTON.pptx
BULLITT CENTER, SEATTLE, WASHINGTON.pptx
 
Dario Ferlin, Woolworths
Dario Ferlin, WoolworthsDario Ferlin, Woolworths
Dario Ferlin, Woolworths
 
Fuel Cell / Battery Hybrid Systems for UAV Applications
Fuel Cell / Battery Hybrid Systems for UAV ApplicationsFuel Cell / Battery Hybrid Systems for UAV Applications
Fuel Cell / Battery Hybrid Systems for UAV Applications
 
SMi Group's 2nd annual Gas to Liquids North America 2015
SMi Group's 2nd annual Gas to Liquids North America 2015SMi Group's 2nd annual Gas to Liquids North America 2015
SMi Group's 2nd annual Gas to Liquids North America 2015
 
Mineral fines binding pretium enterprises binding solutions
Mineral fines binding   pretium enterprises  binding solutionsMineral fines binding   pretium enterprises  binding solutions
Mineral fines binding pretium enterprises binding solutions
 
Jonathan woolley talk
Jonathan woolley talkJonathan woolley talk
Jonathan woolley talk
 
Optimizing Existing Rooftop Unit Energy Efficiency
Optimizing Existing Rooftop Unit Energy EfficiencyOptimizing Existing Rooftop Unit Energy Efficiency
Optimizing Existing Rooftop Unit Energy Efficiency
 
Social Landlords - The Business case is Compelling
Social Landlords - The Business case is CompellingSocial Landlords - The Business case is Compelling
Social Landlords - The Business case is Compelling
 
21-Boris-van-Thiel
21-Boris-van-Thiel21-Boris-van-Thiel
21-Boris-van-Thiel
 
TIG GROUP | TOTAL SITE SOLUTIONS
TIG GROUP | TOTAL SITE SOLUTIONSTIG GROUP | TOTAL SITE SOLUTIONS
TIG GROUP | TOTAL SITE SOLUTIONS
 
Concept to Commercialization – Navigating Process Development and Scale Up Ch...
Concept to Commercialization – Navigating Process Development and Scale Up Ch...Concept to Commercialization – Navigating Process Development and Scale Up Ch...
Concept to Commercialization – Navigating Process Development and Scale Up Ch...
 
Mark Clayton, QUBE Renewables
Mark Clayton, QUBE RenewablesMark Clayton, QUBE Renewables
Mark Clayton, QUBE Renewables
 

Mais de John Glenning

SCALE-UP OF MICROCHANNEL REACTORS FOR FISCHER-TROPSCH
SCALE-UP OF MICROCHANNEL REACTORS FOR FISCHER-TROPSCHSCALE-UP OF MICROCHANNEL REACTORS FOR FISCHER-TROPSCH
SCALE-UP OF MICROCHANNEL REACTORS FOR FISCHER-TROPSCH
John Glenning
 
Jim Betar Letter of Recommendation
Jim Betar Letter of RecommendationJim Betar Letter of Recommendation
Jim Betar Letter of Recommendation
John Glenning
 
Letter of Recommendation-Bill Lafer
Letter of Recommendation-Bill LaferLetter of Recommendation-Bill Lafer
Letter of Recommendation-Bill Lafer
John Glenning
 
John Glenning's Process Deveiopment and Manufacturing Strategy December 2008
John Glenning's Process Deveiopment and Manufacturing Strategy December 2008John Glenning's Process Deveiopment and Manufacturing Strategy December 2008
John Glenning's Process Deveiopment and Manufacturing Strategy December 2008
John Glenning
 
Fluid Head Technology
Fluid Head TechnologyFluid Head Technology
Fluid Head Technology
John Glenning
 
Yield and Productivity Improvements
Yield and Productivity ImprovementsYield and Productivity Improvements
Yield and Productivity Improvements
John Glenning
 
Workforce New York.PDF
Workforce New York.PDFWorkforce New York.PDF
Workforce New York.PDF
John Glenning
 
Tompkins Community Action.PDF
Tompkins Community Action.PDFTompkins Community Action.PDF
Tompkins Community Action.PDF
John Glenning
 
Fluid Head Technology
Fluid Head TechnologyFluid Head Technology
Fluid Head Technology
John Glenning
 
Fluid Head Technology NYS Governor
Fluid Head Technology NYS GovernorFluid Head Technology NYS Governor
Fluid Head Technology NYS Governor
John Glenning
 
Hutchinson Technology eliminating 500 jobs
Hutchinson Technology eliminating 500 jobsHutchinson Technology eliminating 500 jobs
Hutchinson Technology eliminating 500 jobs
John Glenning
 
Equipment Operations for Production and Development
Equipment Operations for Production and DevelopmentEquipment Operations for Production and Development
Equipment Operations for Production and Development
John Glenning
 
Steward Advanced Materials fryxell_glenn
Steward Advanced Materials fryxell_glennSteward Advanced Materials fryxell_glenn
Steward Advanced Materials fryxell_glenn
John Glenning
 

Mais de John Glenning (20)

SCALE-UP OF MICROCHANNEL REACTORS FOR FISCHER-TROPSCH
SCALE-UP OF MICROCHANNEL REACTORS FOR FISCHER-TROPSCHSCALE-UP OF MICROCHANNEL REACTORS FOR FISCHER-TROPSCH
SCALE-UP OF MICROCHANNEL REACTORS FOR FISCHER-TROPSCH
 
Jim Betar Letter of Recommendation
Jim Betar Letter of RecommendationJim Betar Letter of Recommendation
Jim Betar Letter of Recommendation
 
Letter of Recommendation-Bill Lafer
Letter of Recommendation-Bill LaferLetter of Recommendation-Bill Lafer
Letter of Recommendation-Bill Lafer
 
Velocys1
Velocys1Velocys1
Velocys1
 
Lean Manufacturing
Lean ManufacturingLean Manufacturing
Lean Manufacturing
 
John Glenning's Process Deveiopment and Manufacturing Strategy December 2008
John Glenning's Process Deveiopment and Manufacturing Strategy December 2008John Glenning's Process Deveiopment and Manufacturing Strategy December 2008
John Glenning's Process Deveiopment and Manufacturing Strategy December 2008
 
Fluid Head Technology
Fluid Head TechnologyFluid Head Technology
Fluid Head Technology
 
Yield and productivity improvements
Yield and productivity improvementsYield and productivity improvements
Yield and productivity improvements
 
Yield and Productivity Improvements
Yield and Productivity ImprovementsYield and Productivity Improvements
Yield and Productivity Improvements
 
Workforce New York.PDF
Workforce New York.PDFWorkforce New York.PDF
Workforce New York.PDF
 
Tompkins Community Action.PDF
Tompkins Community Action.PDFTompkins Community Action.PDF
Tompkins Community Action.PDF
 
Ed McLeskey.PDF
Ed McLeskey.PDFEd McLeskey.PDF
Ed McLeskey.PDF
 
Fluid Head Technology
Fluid Head TechnologyFluid Head Technology
Fluid Head Technology
 
Fluid Head Technology NYS Governor
Fluid Head Technology NYS GovernorFluid Head Technology NYS Governor
Fluid Head Technology NYS Governor
 
How To Read People
How To Read PeopleHow To Read People
How To Read People
 
Hutchinson Technology eliminating 500 jobs
Hutchinson Technology eliminating 500 jobsHutchinson Technology eliminating 500 jobs
Hutchinson Technology eliminating 500 jobs
 
Equipment Operations for Production and Development
Equipment Operations for Production and DevelopmentEquipment Operations for Production and Development
Equipment Operations for Production and Development
 
Photo-Lithography and Wet Processing (Develop, Etch and Strip)
Photo-Lithography and Wet Processing (Develop, Etch and Strip)Photo-Lithography and Wet Processing (Develop, Etch and Strip)
Photo-Lithography and Wet Processing (Develop, Etch and Strip)
 
Photo lithography
Photo lithographyPhoto lithography
Photo lithography
 
Steward Advanced Materials fryxell_glenn
Steward Advanced Materials fryxell_glennSteward Advanced Materials fryxell_glenn
Steward Advanced Materials fryxell_glenn
 

Velocys ppt141028_Gasification_Technologies_Council

  • 1. Smaller scale Fischer-Tropsch enables biomass-to-liquids Michael Williams Gasification Technologies Council, 28th October 2014
  • 2. • Leader in smaller scale gas-to-liquids and biomass-to-liquids technology — 15 years and >$300 million invested in technology development — Exhaustive global patent protection (>900 patents world-wide) • Commercial roll-out underway • Well capitalised with strong resources — Commercial center in Houston, Texas; technical centers near Columbus, Ohio and Oxford, UK — Permanent pilot plant in operation The company at the forefront of smaller scale GTL and BTL Velocys GTL JV Solena GreenSky London Red Rock Biofuels 2
  • 3. The Fischer-Tropsch (FT) process for biomass-to- liquids (BTL) Gasification Velocys microchannel reactor and super-active catalyst Fischer Tropsch Syngas carbon monoxide + hydrogen Syncrude Synthetic crude oil Clean synthetic fuels diesel, naphtha, jet fuel etc. Hydro- processing Biomass, waste, coal 3
  • 4. • “Drop in” replacement for petroleum derived fuels, lubricants and other products • Zero (or near zero) sulfur content — Can be used as a blend stock for ultra-low sulfur fuels • High cetane — Meets military specification for aviation fuel — FT diesel powered every 24 hour Le Mans winner since 2006 • Lower emissions — Lower SOx, NOx and particulates compared to petroleum fuels — Quieter engine operation Velocys Fischer-Tropsch fuels Choose from a range of high value products 4
  • 5. Mega-scale GTL and CTL projects The historical face of Fischer-Tropsch Conventional Fischer-Tropsch reactor 5
  • 7. Think Smaller Plant scaled to match MSW or biomass collection logistics Conventional FT reactor Velocys commercial FT reactor Nothing wasted • Smaller scale facilities makes the most of the resources available Better options • Smaller, low cost plants need less gas or biomass to be profitable — Enabling FT to be used for biomass and MSW projects — FT plants can now be sized to match the scale of collection logistics — A plant of 1,000 barrels per day output (~200,000 tons of waste per year) could be economic, depending on local conditions, including tax regimes 7
  • 8. Our design leverages standardization, unlocking opportunities that were previously uneconomic • Our design is specific for smaller scale plants, not just a scaled down large plant • Our components are standardized, reducing costs • Our strategic partnerships allow us to deliver at volume Smaller scale… Improves the economics Reactor manufacture 8
  • 9. Our plants are modular, so they are easier to ship and easier to install • Velocys reactors are significantly smaller and lighter than conventional technology • 70% of a plant can be factory-built before installation • Modular components fit in standard containers for ease of shipping • Building is fast, we’ve reduced the risk of delays, and plants can even be integrated with existing facilities Smaller scale… Works anywhere 1,400 bpd FT process unit designed by Ventech Engineers 90 ft L x 46 ft H x ~40 ft W 9
  • 10. Velocys unlocks more business by working flexibly – allowing companies to capitalize on more opportunities • Smaller projects means more opportunities, accessible to more companies • We have strong partnerships with key players throughout the value chain • Velocys can support all aspects of project development and execution Smaller scale… Works for anyone Ashtabula GTL 10
  • 12. Commercial plant under construction • First of its kind in North America • Fully funded by JV between — Waste Management (Fortune 500) — NRG Energy (Fortune 500) — Ventech Engineers — Velocys • Construction underway — Permits received — Major contracts signed — Mechanical completion end of 2015 — Full operation Q1-Q2 2016 Oklahoma City, USA 12
  • 13. • Velocys selected by Solena Fuels as FT supplier for commercial 2,500 bpd waste- biomass-to-liquids plant • GreenSky London plant in partnership with British Airways • Competitive selection process after technology evaluation advised by Fluor • BA to provide off-take for jet fuel • Pre-Front End Engineering completed • Site selection announced April 2014 — Site of former Coryton oil refinery in Thurrock, Essex, UK Picture courtesy of British Airways GreenSky London Renewable jet fuel in London 13
  • 14. • Velocys selected for 1,100 bpd biomass-to-liquids (BTL) plant — Located in Oregon, USA — Using forestry waste feedstock • Supported by US Department of Defense and US Department of Energy — Received $4.1m phase 1 grant for engineering in July 2013 — FEED study complete — Received a $70m construction grant in September 2014 • Targeting final investment decision H1 2015 • Southwest Airlines to offtake 3 million gal/yr of aviation fuel from the plant Red Rock Biofuels US DoD sponsored BTL 14
  • 15. Supply chain • Commercial FT reactor manufactured — Optimized final design for manufacture at volume • Catalyst service partner Mourik trained and certified — Catalyst loaded in May 2013 — Declared as “fit for commercial application” • Reactor approved as fit for deployment by independent third party • Manufacturing ramping up for mass production Ready for commercial deployment Commercial reactor Catalyst loading 15
  • 16. Summary • Fischer-Tropsch process now economic at smaller scales • Converts low value input into high value liquid fuels & specialties • Velocys technology is ideally suited to BTL applications as well as GTL — Can be built economically at the appropriate scale — Meets the technical demands • Velocys technology field demonstrated in a BTL environment • Selected for two commercial BTL projects — As well as two commercial GTL projects • Construction of first commercial plant has begun • Supply chain ready for commercial deployment Smaller scale BTL using FT is now a reality 16
  • 17. Michael Williams VP, Strategy & Marketing michael.williams@velocys.com Houston office +1 713 275 5840 www.velocys.com Thank you ® 17
  • 20. High performance reactor architecture Microchannels intensify chemical processes Velocys FT reactorConventional FT reactor Microchannel Enhanced mass and heat transfer ~ 10-30 mm ~ 0.1- 10 mm Shell-and-tube 20
  • 21. • Principles of design and operation — Particulate catalyst in small channels — High catalyst volume fraction — Syngas downflow, products exit bottom — Coolant water / steam generation — Heat removal by steam generation • Strengths — High per pass conversion (74-75%) — Isothermal behavior – thermally stable — Robust to upsets — Strong economy of mass manufacturing — Accommodates high activity catalysts — Installed spares relatively cheap — High on-stream factor — Tail gas recycle only to achieve high conversion — Extremely high volumetric productivity — Ease of modularization Compact, robust, efficient and economic Velocys microchannel technology Commercial FT reactor FT reactor core 21
  • 22. Pilot plant and training facility • Integrated GTL pilot plant at the Velocys Ohio, USA site • Designed to provide — Performance data to support differing client designs — Product for client studies — Permanent training facility for plant operators • Platform for — Developing our own field support staff — Demonstrating future product generations Supporting sales and delivery Add pilot plant photo Pilot plant 22
  • 23. BTL field demonstration - Güssing accomplishments • FT technology demonstrated in Güssing, Austria • Demonstration conducted 2010 -2011 on gasified wood • Demonstrated that the high performance FT helps overcome some challenges of BTL — High conversion of expensive syngas — Robust to gasifier upsets – 193 syngas interrupts, 32 upsets and 36 shutdowns • Steady performance — Excellent temperature control — Robust to changes in H2/CO ratio 23