Rivertop has developed a novel sugar acid platform to produce chemicals from renewable feedstocks. Their first product is glucaric acid, which they are commercializing. They have raised $26 million in funding and are building their first commercial plant with 8 million pound annual capacity. Their technology offers lower costs than conventional methods. They plan to expand production capacity and apply their platform to additional markets like detergents, de-icing, and industrial cleaning.
2. November 10, 2014ABLC Next2
RIVERTOP >
Versatile chemical oxidation technology for
producing novel chemicals from renewable
feedstocks.
First to bring a low cost supply of glucaric
acid to the market.
HO
OH
OH
OH
OH
O
OH
O
HO
O
HO
OH
OH
OH
4. VENTURE FUNDING
April 2014 – First Major Financing
• Raised a total of $26 million
• Two main investors
November 10, 2014ABLC Next4
Major Milestones
• Build first commercial scale plant
– 1st Generation production technology
– Commercial sales mid-2015
• Demonstrate 2nd Generation process
– Design and build continuous flow pilot
– Generate data to build 2nd Generation
production facility
• Build Commercial Team
5. RIVERTOP’S 3-S STRATEGIC PRIORITIES
November 10, 2014ABLC Next
Manufacturing scale
= Cost attractiveness
Scale Scale
Standardization
Standardization
Standardization
Standardization
Standardization
Speed to scale
+ Speed to market
Become industry standard across
chosen end markets
5
8. November 10, 2014ABLC Next8
0
50
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350
pH 11
mgCaCO3/gSequesteringAgent
MGDASTPP
Riose®
Citrate
O
Al
O
HO
HO
O
O
O
O
HO
HO
Ca2+
Detergent builder for automatic dishwashing formulations
9. AUTO DISH PERFORMANCE
November 10, 2014ABLC Next
Test formulation w/ Riose® detergent builder
Current Commercial Formulations
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Video
10. November 10, 2014ABLC Next
Anti-icing reduces salt usage
3x-7x!
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Corrosion inhibitors for road brine deicers/anti-icers
11. SALT BRINING OPERATIONS AND THE PUBLIC BENEFIT FROM
USE OF CORROSION INHIBITORS
November 10, 2014ABLC Next11
12. November 10, 2014ABLC Next
Uninhibited
brine
Brine w/ 3.5%
Headwaters®
corrosion inhibitor
Coupon
cleaning
Coupon
cleaning
70+% reduction in corrosion
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13. RIVERTOP’S BREAKTHROUGH:
SUGAR ACID PRODUCTION COST AND SCALABILITY
ABLC Next
One-pot oxidation + no NOx release = Low-cost process
Rivertop Process
NOx
Nitric
Acid
Oxygen
NOx
Nitric
Acid
NOx
Conventional Process Sustainable
• Catalytic closed-loop
• 95% nitric recycled
• Feedstock flexible
Cost Savings
• 35% on raw materials
• 30-50% on plant capital
• Reduced permitting costs
Scalable
• Proven at pilot scale
• Standard equipment
November 10, 201413
14. RAPID PATH TO COMMERCIAL PRODUCTION
Demonstrated process scalability
• Produced 7,700 lb of glucarate product w/DTI
(Danville, VA) in 2012
• Leveraged DTI expertise in oxidation chemistry
First commercial scale plant under development
• 8 MM lb annual glucarate capacity for less than $1
CapEx per lb of output
• Option to expand production capacity
November 10, 2014ABLC Next
Leveraging low capital cost and contract manufacturing partners to achieve scale
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15. Pilot Campaign
7,700 lb
MANUFACTURING BUILD-OUT STRATEGY
November 10, 2014ABLC Next
2010 2011 2012 2013 2014 2015 2016 2017
1st Gen Process
Lab Scale
Demonstration
1 kg/batch
1st Commercial Plant
8-10 MM lb/year
Semi-Works
Design
2013 2014 2015 2016 2017 20182nd Gen Process
Semi-Works Online
World Scale
Plant
~100 MM lb/year
15
117,000 lb/year
$
2nd Commercial Plant
Capacity
TBD