Advanced Biofuels and more from biorefinery – cooperation is the key to success Nov 12th 2020 Patrick Pitkänen St1 Oy 1 Vision, strategy and business areas 2 St1 home market MARKET SHARES 2018 KEY FIGURES 2018 FINLAND Net Sales, MEUR ST1 Petrol 23% Home market consists of Finland, Sweden and Norway. Diesel 19% 6,885 Headquarters in Helsinki. Light fuel oil 21% Employs more than 770 people. Operations are strengthened by strategic long-term partnerships SWEDEN Profit for the period, MEUR in various areas. 404 288 201 258 219 Petrol 19% STATION NETWORK Diesel 15% 55.3 Total of ca. 1300 St1- and Shell-sites Light fuel oil 22% in Finland, Sweden and in Norway. NORWAY Return on Equity, % ENERGY PRODUCTION Petrol 23% Biorefineries producing waste- Diesel 20% 7.0 based advanced ethanol. Industrial wind power plants. Geothermal Wind power plant Marine gas oil 22% pilot heat plant under construction. Biorefineries Oil refinery in Sweden. Wind farms owned by TuuliWatti Oy, Oil refinery an associated company of St1 and S-Voima. 3 St1 value chain video 4 St1 vision: ”To be the leading producer and seller of CO2-aware energy” Our goal is to • Develop and commercialize functional and environmentally sustainable solutions • Deliver these solutions profitably Each solution must be • Technically ready for use today • Ecologically and ethically sustainable • Logistically feasible 5 St1St1 BiorefineryBiorefineryBusinessproduction Development & Production 6 10.11.2020 St1 Advanced Ethanol Production in Circular Economy • Over a decade St1 has Waste & process St1 Biorefinery Products and co-products developed waste based residues sources Solutions advanced ethanol production concepts for Ethanol Biogas Heat & Power various waste feedstocks. • Biorefinery concept and Advanced Biofuels & Renewable Energy technology development is Food Industry & Retail done hands-on from lab to Soil pilot and furthermore to Etanolix® Animal Feed Fertilizers demonstration scale ending Improvers up to a commercial replication. Agriculture & Nutrient Recovery • Current development focus Municipal & Commercial is in • new feedstock • Process enhancement Bionolix® • own enzyme onsite production Furfural • biorefinery side products to Wood Industry valuable renewable products. • Development is made in Future Products partnership with world Cellunolix® class commercial and Recycling academic partners. Feedstock & Sourcing Technology & Off take & Development Partners Partners Development Partners 7 10.11.2020 St1 yritysesittely Solid Biomass Refining Development • EU Directives Annex IX Sustainability GHG REACH A • National legislation Requirements Reduction Advanced Biofuels Pathway Feedstock Products • OPEX / CAPEX / Revenue / Process Side Technology products Freedom To • Availability / Maturity Maturity Operate • IPR TRL • St1 Follows global advanced biofuels feedstock, technology and product market development with special focus in Nordics (sawmill residues) and Thailand (cassava starch mill residues). St1 Cellunolix® process Energy Additives Utilities • steam • enzymes • water • electricity • yeast • cooling water is optimised for • chemicals softwood saw dust Thermal pre- Fermen- Distillation Ethanol Hydrolysis Saw dust treatment tation Dehydration 99.7% Water circulation Biorefinery products: Waste water • turpentine • anaerobic • furfural digestion Green Energy Congress 28-30.11 2016• vinasse Atlanta US • existing waste water 22.11.2016 treatment plant • water systems 9 Cellunolix® Products Sustainable & biobased solutions for different uses and applications Lignin Biogas & Liquid Carbon dioxide But how to get real sales? 10 Cellunolix® Wood Vinasse • Sustainable organic nitrogen fertilizer enhances sustainable agriculture and food production Fertilizer company Farmer 11 St1 Cellunolix® lignin – Research co-operation • St1 lignin research started in May 2017 • Wide co-operation with companies, research institutions and universities on lignin utilization • Information on lignin applications and lignin quality • Several approaches on lignin utilization • Lignin to pellets to replace coal • Lignin to bio-oil • Lignin biochemicals and biomaterials • Lignin to biogas and butanol • Lignin to replace bitumen 12 10.11.2020 St1 Norge AS Oslo 30th of October 2019 Carbon Cycle 2020-project CO2 aware ecosystem & value chain building through St1 Biorefineries Project schedule: 2/2020 – 2/2022 Project Budget: 3,8 M € (Business Finland support 40 %) Personnel resources: 16 WP1 Biorefinery ecosystem WP2 Lignin recovery and WP3 Thermochemical value WP4 Enzyme business and value chain building valorization from new chains to produce drop-in development for existing from feedstocks to products biorefinery process biofuels and future biorefineries Results: Valorization and New biochemicals and Commercialization & commercialization of New commercially ready Profitability bioproducts to replace sale of St1’s enzyme biorefinery products to technologies to produce improvements of current fossil based chemicals know-how create more value drop-in biofuels biorefineries Other collaboration partners: Collaboration projects: Chemical Enzyme University of Oulu Fifth Innovation Oy Fertilizer Technology manufacturers Kemira Oyj Soilfood Oy producers Parallel Use of Valuable end-products companies developers Move to Renewable High concentration Fractionated Lignin in from activated lignin Feedstock Universities & Raw Materials organic fertilizer from Plastic multiple application foams producer research centers biorefinery side streams companies producers New biorefinery products: Biobased chemicals Enzymes Biobased resins Organic fertilizers Biobased plastic 13 Biofuel components New animal feed components New biobased materials for construction Activated carbon Biobased urethane Biobased bitumen for asphalt applications St1 Oy Patrick Pitkänen [email protected] 14.