1. Cellulosic Hydrocarbon Fuels from IH2 Technology
Alan Del Paggio, CRI Catalyst Company, 910 Louisiana, Houston, TX 77002
WBM Presentation
13 March 2013

2. Disclaimer
This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses
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cause those results to differ materially from those expressed in the forward-looking statements included in this presentation,
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entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on
forward-looking statements. Additional factors that may affect future results are contained in Royal Dutch Shell‘s 20-F for the
year ended December 31, 2011 (available at www.shell.com/investor and www.sec.gov ). These factors also should be
considered by the reader. Each forward-looking statement speaks only as of the date of this presentation, 13 March 2013
Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or other information. In light of these risks, results could differ materially
from those stated, implied or inferred from the forward-looking statements contained in this presentation.
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3. Main Points
• Introduce Gas Technology Institute (GTI) and CRI Catalyst (CRI)
• What is the IH2 process?
• Why does IH2 technology transform renewable fuels processing?
• IH2 process economics
• Where is IH2 in the commercial deployment?
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4. Gas Technology Institute
• Not-for-profit gas research & services organization with a 70+ year history
• Capabilities that span the natural gas value chain
• Current focus in diversified energy solutions
• Facilities
– 18 acre Chicago campus
– 28 specialized labs totaling 200,000 ft2
• Staff of 250
• >1,200 patents
• >750 products commercialized with partners
Offices& Labs
CRI is the partner for IH2
Pilot Scale Gasification Campus Energy & Environmental Technology Center
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5. CRI Catalyst Company
• Catalyst Business with 50+ year history
• Houston based global business
– Houston
– London
– Singapore
• Research Facilities
– Amsterdam
– Bangalore
– Houston
• Manufacturing Facilities
– US (3)
– Germany
– Belgium
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6. What is the IH2 Process?
• The IH2 process uses catalysts, hydrogen and heat to cost-effectively
convert a wide variety of biomass directly into high purity hydrocarbon
―drop in‖ fuels (i.e. B100) and/or high quality blend stock (e.g. >B50)
• The IH2 process takes only minutes to convert biomass to
hydrocarbons—Nature requires millions of years…
• The IH2 process can be integrated into existing refinery, mill, ethanol
plant, agricultural, or recycling operations to create higher value from
biomass than afforded by heat and electrical power sales (NA basis)
• The IH2 process is NOT Gasification/Fischer Tropsch
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7. IH2 Process (Simplified, Stand Alone)
Products
Process
Biogenic CO2
Feed
City Waste Renewable H2 4) SMR C1-C3 Gas Hi Pressure
Steam
HDO‘d Vapors
Crop Residue
Distilled
2) Fluidized Bed Hydrocarbon
3) Fixed Bed
Wood/Forest Gasoline, Jet and Diesel Range
Residue Proprietary Proprietary Hydrocarbon Fuels / Blend Stocks
Catalyst Catalyst Clean Water
Renewable H2 Renewable H2
Energy Crops
340-470C <500psig
<500psig
Fertilizer
Algae
1st Stage 2nd Stage
BioChar
1) Feed Conditioning
Sizing , Drying & Feeding
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8. Transformative Differentiators
• Fungible, high purity hydrocarbon fuel and/or blend stock products
- Gasoline produced from wood passes ASTM specs (i.e. B100) for economy & mid octane
- Diesel produced from wood too aromatic, currently ~B50, target is to get to B100
- Diesel produced from whole algae likely B100 (in testing)
• Nearly carbon neutral*
• Feedstock flexible with high product yields (67-157 US gallons/US ton)
• Attractive economics (~ $2/gal for 500 dry MT/day wood feed USGC pricing)
- Low capex (only 4 major process steps, low pressure, non corrosive)
- Low opex (predominated by feedstock)
• Exothermic process with 72% - 86% bioenergy recovery (wood)
• No engineering miracles required! Ready for market
*>94% GHG reduction per Professor David Shonnard at MTU: http://services.lib.mtu.edu/etd/THESIS/2012/ChemicalEng/maleche/thesis.pdf
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9. Evolution of IH2 Technology
Advanced catalysts improve product, Wood Example
Gasoline Product
3rd Gen Catalyst
Total Liquid Product Total Liquid Product Gas/Jet/Diesel Product Pilot Plant Scale
1st Gen Catalyst Lab Scale 2nd Gen Catalyst Lab Scale 3rd Gen Catalyst Lab Scale
Jet/Diesel Product
3rd Gen Catalyst
Hydrocarbon Pilot Plant Scale
Hydrocarbon
Water Water
Water Product
3rd Gen Catalyst
Pilot Plant Scale
“GOAL“
Drop In
Process & Catalyst
4Q09 ―B5‖ Quality 3Q10 ―B25‖ Quality 2Q12 ―B60+‖ Quality R&D Continues
Stand
Alone
―B100‖
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10. IH2 Process Economics (USGC) NREL 06/11 Basis
Installed Equipment Costs $112.6mln Operating Costs Total $1.60/gal*
4.7 Wood $71.97/dry ton
Feed
17.7 29.6 Other Op Costs:
36.6 1st Stage HP/ 2nd Catalyst, Disposal, etc.
Stage HC 5.9
Fixed Cost
6.8 Fractionation
17.3
91.31 Depreciation
HMU
2.14 Avg Income Tax
Utilities & Contingency
44.0 @ 35%
7.8 Avg ROI
*Includes $0.093/gal coproduct credit
Total Capital Investment $232.8mln
• Stand Alone/Green Field (US Gulf Coast basis)
• 2000mt/d wood (50% moisture fed, dried to 10% moisture at 1st stage)
Installed Equipment
Costs • 60% financed at 8% interest, overall 10% IRR
Land/Develop • Feed Stock ~55% of Operating Cost
102.7 112.6
• No subsidies, tax, RIN or carbon credits included!
Permits & S/U
• Minimum Fuel Selling Price – $0.423/L (2007) $0.465/L (2012)
Standard Project
Add-In's**
• Refinery Synergy w/Refinery H2 Supply
11.7 5.7
• Reduces Capital Cost ~44.0MM$
** Prorated Expense (10%), H O & Construction (20%), Field
• Estimated MFSP $0.359/L (2007) $0.394/L (2012)
Expense (10%), Working Capital (10%) , Project Contingency (30%)
• NREL TIC validated by KBR pointing to higher HMU cost
http://www.osti.gov/bridge/servlets/purl/1059031/1059031.pdf
• Opex validated by prospective clients
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11. IH2 Process Economics (USGC) NREL 09/12 Basis
Installed Equipment Costs $127.5mln Operating Costs Total $1.64/gal*
4.7
Feed Wood $71.97/dry ton
1st Stage/2nd Stage 29.6
17.7 Other Op Costs:
40.5 Fractionation 5.9 Catalyst, Disposal, etc.
4.0
Fixed Cost
HMU 17.3
91.31 Depreciation
Ammonium Sulfate
Absorption/Stripping 2.14 Avg Income Tax
2.8 55.0
2.8 Utilities & Contingency Avg ROI
7.8
@ 35%
*Includes $0.1884/gal coproduct credit
Total Capital Investment $263mln
• Stand Alone/Green Field (US Gulf Coast basis)
Installed Equipment
• 2000mt/d wood (50% moisture fed, dried to 10% moisture at 1st stage)
Costs • 60% financed at 8% interest, overall 10% IRR
116.5
Land/Develop • Feed Stock ~55% of Operating Cost
127.5
• No subsidies, tax, RIN or carbon credits included!
Permits & S/U
• Minimum Fuel Selling Price – $0.433/L (2007) $0.476/L (2012)
Standard Project
Add-In's**
• Refinery Synergy w/Refinery H2 Supply
13.2 6.3 • Reduces TIC ~55.0MM$
• Estimated MFSP $0.359/L (2007) $0.394/L (2012)
** Prorated Expense (10%), H O & Construction (20%), Field
Expense (10%), Working Capital (10%) , Project Contingency (30%)
• KBR FEL-3 underway
• Opex validated by prospective clients
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12. IH2 Technology Deployment
• Bench Scale
– Since 02/2009 @ 0.5kg/hr
• Pilot Scale
– Since 02/2012 @ 50kg/d
– Confirmed bench scale results
– Producing fuels for EPA Registration
– Producing fuels for ASTM Qualification
– Gasoline ex wood is B100
• Pre Commercial Scale
– BDEP for 5mt/d cellulose done
– 1st demonstration license awarded 12/2012, more expected in Q1 2013
• Commercial Scale
– KBR is CRI‘s exclusive basic engineering partner for commercial units
– FEED 500 & 1000mt/d wood (FEL-2 complete, FEL-3 underway)
– Target Q1 2014 for full scale commercial deployment
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13. Commercial Timeline, Current Status
Demo Scale Units Only (11 units) Full
Lab Scale Pilot Scale
(Brownfield Construction; Date Basic Engineering Starts) Commercial
1Q10
Process
2Q10 Variables and
Semi- Wood, 5-1000mt/d
3Q10 Continuous
4Q10 Operation Crop Residues, 5-10mt/d
Construct 50kg/d
1Q11 Pilot Plant Micro Algae, 5mt/d
2Q11 Mixed Paper/OCC/Urban Wood, 5mt/d
Receive Unit
3Q11
4Q11
Shake Down
1Q12
2Q12 Continuous Pilot
Plant Operation
3Q12
4Q12
Today 1Q13
2Q13
FEL-2 Complete 1000m t/d
FEL-2 Complete 500mt/d
FEED Set to begin 5mt/d
3Q13
FEL-2 Underway 5mt/d
FEL-3 Complete 5mt/d
4Q13
1Q14
Basic/Detailed
2Q14 Engineering
3Q14
4Q14 Construction
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14. Executive Summary
The IH2 technology is
– a cost-effective process developed by GTI with US Dept of Energy
co-funding and CRI proprietary catalysts that converts biomass
directly to hydrocarbon fuels and/or high volume blend stocks
– self-sufficient and self-sustaining with little unsustainable impact on
the surrounding environment needing only transport in/out of the site
– feedstock agnostic, able to utilize a broad range of biomass
– NOT gasification/Fischer-Tropsch
– nearly carbon-neutral (LCA >94% GHG* reduction)
– currently in FEED (FEL-2/-3) for multiple feed demonstrations
– available exclusively from CRI Catalyst Company
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15. Thank You
Learn more at www.cricatalyst.com
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