Algae Industry Project Book 2015

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Algae Industry Project Book 2015 Algae Biomass Organization www.algaebiomass.org 877.531.5512 Algae Industry Project Book 2015 Why Algae? Algae Fuels, Feed and More Algae have the power to Algae are a renewable source simultaneously put fuels in of drop-in fuels, feed, fertilizer, our vehicles, recycle CO2, nutritional oils and pharmaceuticals. provide nutrition for They can provide waste water animals and people and treatment and other remediation create jobs for millions of services. New applications are Americans. constantly being discovered. Updated July 2015 Matt Carr Energy & Fuels Executive Director Food & Agiculture 877.531.5512 [email protected] Health & Nutrition www.algaebiomass.org Algae Materials & Services Innovating to Commercial Scale ABO members can be found across the United States The companies highlighted in this Algae Industry Project and around the world. Book, all members of the Algae Biomass Organization (ABO), are just a few examples from a dynamic industry that is harnessing the unequaled potential of algae to provide us with sustainable products, drive economic growth and reduce greenhouse gas emissions. Algae are consumers of carbon dioxide, making them the perfect tool to fight climate change because they, unlike other solutions, offer an economic incentive to reduce Algae Biomass Organization Corporate Members ABO Corporate Members ABO Corporate Members greenhouse gas emissions. ABO Members All items Algae cultivation technologies are poised to impact just about every industry: Fuel & Energy: Algae are the original source of crude oil, and ABO members are working to bring to market renewable fuels like ethanol, gasoline, diesel and jet fuel. The Technology Food & Agriculture: Algae can produce more protein, Algae can be grown commercially more feed and more oil with less water and land than any in a variety of ways, from open other crop. ponds to enclosed photobioreactors, or in hybrid systems that Health & Nutrition: Omega-3 fatty acids are vital for combine various methods. Simply human health, and in just the past few years the $1.7 put, there are multiple ways to grow algae at billion market for these oils has been shaken up by the commercial scale, and this versatility is one of algae’s strengths. arrival of clean and sustainable algae-derived alternatives. Algae can also grow extremely well on marginal lands using salt The algae-based products on store shelves today are just water or wastewater, reducing impacts on valuable agricultural the beginning. lands without competing with other industries for diminishing Materials & Services: Wastewater treatment with algae freshwater supplies. is being adopted nationwide, and soon power plants that will be required to reduce their CO2 emissions will be looking to algae for an economic solution. Throw in the Countless Products plastics and specialty chemicals algae can produce and the potential is limitless. Algae contain high levels of oils, car- bohydrates, sugars and proteins. These The innovation on display in this book is from characteristics make them ideal for pro- entrepreneurs offering a sustainable and profitable way ducing renewable fuel, animal feed and to make the products and materials required in a modern even human food. global supply chain. There is much more to come. Microalgal biomass, which is rich in micronutrients, is already used Sincerely, for dietary supplements to advance human health. Algae have even been used to more economically produce anti-cancer drugs and in Matt Carr other medical applications. They can also be used to beneficially Executive Director reuse greenhouse gas emissions and treat wastewater. Algae Biomass Organization Algenol Biofuels Inc. Algenol recently won the 2014 Global Leadership in Biofuels award from PLATTS. Founded in 2006, Algenol has invented technologies for utilizing industrial carbon emissions to produce transportation fuels. Algenol’s algae platform can produce the four most important fuels (ethanol, gasoline, jet and diesel) for a targeted cost of $1.30 per gallon. The Company’s proprietary Direct to Ethanol® process harnesses the incredible productivity of its patented strain of algae to drive yields 20 times that of corn ethanol, and requires only Commercial Development Campus sunlight, saltwater and CO2 for production. Additional sustainability benefits include Fort Myers, Florida the ability to produce a freshwater Funds Raised: $260 million by-product without using arable land. Algenol monetizes waste industrial CO2 Current yield is 8,000 gallons per acre per year by purchasing flue gas from emitters which allows the emitters to avoid costly carbon capture and storage or other expensive Ethanol carbon mitigation strategies. Algenol is the ULS Diesel Employees only solution that monetizes CO2 through Products Jet Fuel utilization, drastically altering the current 200 Gasoline paradigm by turning a carbon reduction liability into a revenue generating asset. PARTNERS Strategic Partners: Reliance Industries Limited; BioFields S.A.P.I. de C.V.; Hitachi Zosen Corporation; and Tredegar Corporation Federal/State Partners: United States Department of Energy; Lee County, Florida University Partners: Florida Gulf Coast University; Georgia Institute of Technology’s Strategic Energy Institute National Lab Partners: National Renewable Energy Laboratory; Pacific Northwest National Laboratory 2006 2010 2014/2015 2016 2020 Algenol is founded after Commercial Commercial demo, Groundbreaking and Projected 1 billion securing first round Development Campus announcement initial operation of first gallons of annual of private financing. in Fort Myers of first commercial commercial facility with production utilizing Laboratories established begins operations, project, likely in Florida, nameplate capacity of Direct to Ethanol® in Palm Beach County, consolidating American and evaluation of sites 20 million gallons per technology. FL, Baltimore, MD and operations in Florida. in Gulf Coast and year. TIMELINE Berlin, Germany. international locations. Future Commercial Facility Investment:≥ $50 million equity plus debt Algenol’s first commercial facility will include phased deployments of photobioreactors on an initial site of up to 2,000 acres of photobioreactors, with additional acreage available for future scale-up, along with upstream and downstream processing equipment and related infrastructure. It will be located on marginal land with access to salt water, an industrial source of CO2 and distribution infrastructure. Projected jobs by 2020: Production in 2020: Construction jobs: 100-200 permanent 1 billion gallons jobs per facility + 2,000 per facility on-going R&D staff of ethanol per in Ft. Myers year Algenol uses fully closed and sealed photobioreactors for ethanol production directly from enhanced algae. Waste algae are converted into diesel, jet fuel and gasoline using hydrothermal liquefaction and other conversion technologies. Sapphire Energy San Diego based Sapphire Energy is pioneering an entirely new industry – Green Crude Oil Production. Green Crude is a renewable, drop-in replacement for petroleum, made from algae, sunlight and CO2. Green Crude is compatible with existing infrastructure and is low carbon, renewable, and scalable. Sapphire Energy was the first algae-to-energy company to successfully test jet fuel in two commercial airline flights in 2009 (Continental and Japan Airlines). The company has an Research and Development Site R&D facility in Las Cruces, NM, and is currently operating and producing crude Las Cruces, New Mexico oil daily from the world’s first Integrated Investment: $30 million Jobs: 30 Algal BioRefinery (Green Crude Farm) commercial demonstration facility in Full scale pilot and demonstration of all unit Columbus, NM. operations from molecular biology to extraction of oil Green Crude Oil, Funds Employees $350 million Products a direct substitute 150 Raised for fossil crude PARTNERS Investment Partners: ARCH Venture Partners; The Wellcome Trust; Cascade Investment, LLC; Venrock; Arrowpoint; and Monsanto Strategic Partners: Monsanto, The Linde Group; Tesoro Refining and Marketing Company, LLC; and the Institute of Systems Biology (ISB) Federal/State Partners: The US Department of Energy and the US Department of Agriculture University/Research Partners: The Department of Energy’s Joint Genome Institute; University of California, San Diego; the San Diego Center for Algal Biotechnology; The Scripps Research Institute; University of Tulsa; Sandia National Laboratory; and the Pacific Northwest National Laboratory 2008 2009 2012 2013 2018 One year after its Sapphire Energy’s algae On-time and on-budget Sapphire Energy Anticipated launch of founding, Sapphire jet fuel powers the test completion of first announces agreement first commercial scale with Tesoro Refining Energy creates the flights of renewable phase construction for and Marketing LLC, facility with production world’s first renewable fuels on two commercial the Green Crude Farm. to purchase barrels of of 5,000 to 10,000 gasoline from algae. airliners. Green Crude oil for barrels per day of Green refining at its west coast Crude oil. TIMELINE operations. Green Crude Farm Columbus, NM Investment: $135 million Jobs: 30 Full capacity: 100 barrels of green crude per day Sapphire Energy’s Green Crude Farm features 100 acres of cultivation ponds and all the necessary mechanical and processing equipment needed to harvest and extract algae and recycle water. At full capacity the facility will be 300 acres. The Green Crude Farm was funded by $85 million
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