PRAJ Technology Presentation to CTC 16102015

LEED Certified Platinum Green Building

Praj Industries and Praj Matrix Partnering for Bespoke Technology Development, Scale -up and Commercialization

Pramod Kumbhar CTO

Praj Matrix-R&D center

enfinity : Praj Ligno-cellulosic (LC) Biorefinery

Beyond Business

2 Corporate Overview

Established in 1983 by first generation technopreneur, Pramod Chaudhari (Executive Chairman)

Praj is a unique technology + engineering company, with Global leadership in ethanol arena

End-to-end solutions Provider – concept to commissioning; feedstock handling to effluent treatment

Offering TEMP-C1 solutions and products

Praj Matrix: World Class R&D center

Listed on NSE & BSE in India

Strong Balance Sheet

TEMP-C1 – Technology, Engineering, Manufacturing, Procurement, Construction 3 Vision, Mission & Values

Vision We aspire to be the most preferred organization for all stakeholders through environment friendly, sustainable solutions that can make the world a better place

Mission

Develop and deliver cost- Invest and partner in effective, safe, clean and development and Be a socially reliable solutions that will realization of new ideas responsible Create wealth for maximize prosperity of recognizing the risks and corporate citizen our Stakeholders our customers working to mitigate them

Values

Integrity Innovation Passion Responsibility Agility Reliability

4 More than Three Decades of Building Trust

2008-14 2015 onwards . Moves 2G bioethanol technology to pilot scale . Launches Ethanol Plant Modernization . Enters high purity water segment through acquisition of Business Neela Systems (now called PRAJ HiPurity Systems) . Introduces ‘Enfinity’ 2G ethanol technology . Designs and launches new corporate identity . Commercializes 2G Demonstration Plant . Won 2G orders from Leading OMC’s 1991-98 . IPO in 1994 . Forays into synergistic fields like brewery . Enters South - East Asian market . Alliance with Filtrox for Filtration systems 1999-2007 . Enters South American, European & African markets . Established 100% market share in Colombia . Launch of new R&D setup (Matrix) 1983-90 . Commences development of 2G bioethanol technology . Inception: 1983 . Forays into process equipment, water & waste water treatment . Establishes In-house R&D Center . Venture funding by ICICI

Globally recognised for proprietary technologies & engineering solutions for bio- fuels , bio-chemicals & water treatment solutions Facts at a glance

5 25% Revenue Manufacturing Business from Repeat $ 150 Mn + Facilities Customers

> 50 % Over 750 1200+ Share in References Employees Emerging markets

90+ Research >30+ Years > 350 references Scientists Glorious Years Since from overseas In R&D center Inception

Strong IP Presence across 22 Years Granted patents 17 5 Continents Consistent Dividend Applications 260 Paying Company

6 Global references…

Russia

Canada UK Germany Belgium Kazakhstan Hungary Romania Uzbekistan Turkey USA Spain Japan Nepal Egypt Dominican Republic Thailand Mexico Nigeria Barbados Vietnam Philippines Guatemala Myanamar Nicaragua Guyana Sierra Leone Uganda Ethiopia Colombia Kenya Srilanka Indonesia

Peru Malawi Bolivia H.O. Mozambique Pune, India Swaziland Australia S. Africa Argentina

750 references , 35 countries, 5 continents 7 * Representative Business offerings

Bioenergy High Purity Engineering Businesses Praj-Matrix-R&D center

Solution Provider in Ethanol plants upto High purity Critical process Customized ZLD* applications for equipment & Effluent Research Services & Modernization & pharma, Brewery systems, Recycling & Solutions upgradation, biotech, plants Modular Process ZLD cosmetics Bio-Product 24X7 Customer Care, Skids After Sales Service, industry Division Renewable Natural Gas (RNG)

*ZLD: Zero Liquid Discharge 8 Praj’s Global Ethanol Leadership

Pharma Industrial/ Fuel Ethanol Grade Ethanol Perfumery Grade/ Others ethanol

Praj : A one–stop-shop for ethanol plants, from variety of feedstock, grades of product and range of plant capacities.

9 Praj Matrix – R&D center

 R&D Centre of Praj Industries Ltd.

 80,000 sq ft of Labs, Pilot Plants, and Offices

 95 technologists

. 20 PhDs, 65 Masters

 5 Technology COEs

. Biology, Chemistry, Engineering

 16 Well Equipped Labs

 ISO-9001-2008 Analytical Labs

 Pilot Plants

. 1 tpd Cellulosic Ethanol pilot plant

. Multipurpose Pilot Plant

 Recognized research center by DSIR, Govt of India

Bench and Pilot scale facilities enable validation of scientific assumptions and rapid commercialization 10 Centre of Excellence

Ph.D.: 08 Post-graduates:23 Ph.D.: 02 Post-graduates:15

Biologists Chemists Engineers

Ph.D.: 06 Post-graduates:06 Ph.D.: 01 Post-graduates:01

Total strength : 95 Ph.D.: 02 Post-graduates:18 We focus on

Renewable Feed stocks

Sustainability & Profitability

Green Products Conversion Technologies

• Molasses  Sugar cane molasses  Over 7000 samples across globe  Sugar beet molasses • Grain feed stocks  Corn, Sorghum and Millets  Wheat, Barley Rye Triticale and Oats  Compositional database of over 2000 samples from different countries  Compositions of wet grains, solubles and DDGS along with variances • Second Generation Feedstocks  Sugar Cane residues  Corn Residues  Straws- Wheat, Rice, Cotton  Palm residues and grasses. • Oil based:  Fish oil  Palm oil residues, Soy oil residues etc

13 Biochemicals Development at Praj

Renewable Conversion Downstream Feedstock Technologies Processing Bio-chemical • Distillation • Fungal • Yeast • Extraction Products • Bacteria • Crystallization Chemo-catalytic • Membrane separations

• Homogeneous • Chromatographic catalysis separations • Heterogeneous catalysis

Fuel • Ethanol (2 G) • Isobutanol (with GEVO) Biochemicals • Furfural * • Xylitol • Ethyl levulinate • 2,3 BDO • Hydroxymethylfurfral (HMF)** Health and Nutrition • Phytosterol/Tocopherol • Tocotrienol • EPA-DHA • Hyaluronic acid • Natural antimicrobial peptides • * : IP licensed • ** : Under© Praj development Industries Ltd from LC sugars www.praj.net 15 Biochemicals Development at Praj

Technology Capability Product Price Product Opportunities

1000 Hyaluronic Acid

Molecular & Micro-Biology 300 Antimicrobial peptides 100 50 EPA+DHA Process Development

Phytosterols - Vit E

10 $/kg Downstream Process Xylitol

2 Furfural Chemical Sciences Levulinic Acid 2-3 BDO Product Volume (TPY)

Classical Mutagenesis Directed Evolution Genome Shuffling Microbiology Medium throughput microbial Screening Screening in deep well plates, shake flasks, 1 L fermenters Yeast cross-breeding Bioassay Development

Cloning & Expression in Bacteria and Yeast Gene Deletions Molecular Biology Cofactor engineering Heterologous expression Protein secretion Targeted improvements for substrate utilization, by product reduction / elimination

Enzyme characterization Enzyme purification and formulation Enzymology Enzyme performance evaluation Application Development Enzyme activity assay development Enzyme kinetic studies Yeast Development at Praj Matrix

Molecular Yeast Yeast Breeding Typing Superior diploid parent Inferior diploid parent Reverse Engineering sporulation sporulation Superior hybrid diploid yeast sporulation screening screening Superior haploid Inferior haploid Crossing x Haploid segregants

Superior hybrid diploid yeast screening

Bioprospecting Metabolic Engineering Superior haploids

Pooled whole genome sequencing

Bioinformatic analysis for identification of Single Nucleotide Polymorphisms (SNP)

Engineering of SNP in industrial yeast strain

• Microbial Diversity Screening project

 Grant : Department of Biotechnology (DBT)

 Screening of 20,000 microbes from DBT culture bank

 4 Target molecules of industrial relevance

 320,000 assays

 Praj gets first right to commercialize

• Inauguration of Praj’s own and India’s first 2nd gen bio-refinery • Commercial offering • 12 TPD 2nd Gen Bio refinery Operational

2017

2014-15 Commercial demo plant engineering Pilot plant operation 2010-13

2008-10 Pilot Scale & Engineering

21 Value Chain

Feedstock Enzymatic Distillation & Waste Water Feedstock Handling Pretreatment Fermentation Preparation System Hydrolysis Dehydration Treatment

End to End integrated process

Leveraging expertise in Process optimization & Integration

• Integrated Bio refinery Demonstration Plant : Capacity – 1 MLPA Ethanol production

• Multi feedstock processing capability: Rice (paddy) Straw, Cotton stalk, Corn Cobs & Corn Stover, Sugar Cane bagasse

& Cane trash, Wheat Straw etc.

• Multi-product - Designed to produce Bio-ethanol, Bio-gas / Bio-CNG, Bio fertilizer and provision for Production of Bio

chemicals

• End to End Technology demonstration from feedstock processing till end product and waste water treatment

• Zero Process Liquid Discharge

• Process Integration for optimization of Energy & Water consumption

• GHG reductions of 93 % : Validated by European Petroleum company

Validated by team of experts from Oil Marketing Companies Praj’s Ligno-Cellulosic Bio-refinery

Mechanical and Hydrothermal Enzymatic hydrolysis pretreatment

Lignocellulosic biomass

Fermentation C5 sugars C6 sugars

Chemo-Catalysis Chemo-Catalysis Fermentation

Lignin and residues Ethanol HMF/FDCA Xylitol Furfural Isobutanol (Gevo) Bio CNG/ Power 2,3-Butanediol Chemicals 3-HPA

Opportunity for Collaborative/Joint development projects in the field of advanced bio-Economy globally Multi-Feedstock, Multi Product ‘SMART Bio Refinery’

Multi-Feedstock Multi-Product Rice/Wheat Straw Fuel CO 2 IndustrialEthanol Alcohol

Corn Residues RectifiedBio-CNG Spirit Sugarcane 2nd Residue Gen Bio-Chemicals

Cotton Stalk Bio Fertilizers Power Empty palm fruit bunch

Praj’s innovative LC Bio refinery provides higher returns

• Sharing Resource Joint Development • Sharing IP • Sharing Knowledge

Process scale up and • Process POC @ Bench Scale optimization • Partner invests for scale up and optimization

• Process Development Customized Research • Process scale up Services and solutions • Partner spends and owns IP • Praj works on specifics

28 Beyond the Business Beyond Business : Praj Foundation

• Put all its social impact activities Environment under one roof with a clearly stated objective Health • Setting protocols and monitoring of projects and carries out impact Education analysis of all the projects. Underprivileged • To give expression to the sensitivities of Praj employees and family members Art towards societal responsibilities. • Focuses on creating replicable model Employee Praj CSR takes it further to implement Initiatives these projects on larger scale.

30 Our Sustainability Initiatives

Environment Health Education

44 Praj : Your strategic partner for value maximization and sustainability

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