Waste plastics to petroleum fuels

Ventana Ecogreen Inc.

830, Andromeda Lane
Foster City, CA 94404

R&D Centre
KK-16, HSIDC Estate
Kalka, Haryana, India
www.ventanacleantech.com
patent-pending
thermal depolymerization
technology for converting
waste plastics
to diesel and gasoline blendstocks
Waste plastic recycling – global landscape

Plastics: global production

300 million tons
Every piece of
plastic ever
More plastic has been
manufactured
manufactured in last
continues to be in
15 years than the
existence today *
entire last century

Average
growth : 9%

Plastics: landfilled per annum

180 million tons (60%)

*Except a very small % which has been incinerated

Waste plastic recycling – global landscape
 Waste Plastic Recycling- Indian Scenario
“We are sitting on plastic time bomb”……………………………..Supreme Court to CPCB in April 2013.

CPCB Report to SC…2013

5.6 Million Tons of Waste Plastic per annum

Delhi ………689.5 TPD

Chennai…….429.5 TPD
Kolkata…….425.7 TPD
Mumbai… .. 408.3 TPD

~ 60% is recycled

# 5 Proprietary and Confidential

Ventana’s technology

Waste plastics HyFuel TM distillates

Post-consumer

Post-industrial
Anaerobic Thermal
De polymerization
Post-commercial

Post-agricultural
Corporate Summary

R&D centre
Entity Privately held Ventana’s fully
India
Delaware Class C continuous pilot plant
[estd 2010]

4th generation Over 400 trials

Status demo plant conducted
commissioned across 4+ years

Process Lower capEx

Fully-continuous
Type and opEx

8 patents filed IP relates to

Intellectual
in EU, US, India enablement of
Property continuous process
(5 unique)
 Technology overview

Liquid Oil bbl ton

Offgas LPG like

Residue Carbon char

1 bbl= 42 US Gallons= 159 liters

Oil SG = 0.78; 6.5 bbl= 1.00 KL
Technology Strengths

Continuous Product flexibility

non batch process ability to generate
diesel gasoline
blendstocks* waxes*
grease base stock

Direct generation of
diesel and gasoline
blendstocks Energy Payback Ratio ( X/
not synCrude with offgas recycling

Decentralized plants 1 TPD plant can generate 0 1 MW4hr

Area requirement '( acres 6789 eff electricity
Material Preparation

Pre-processing line

Accepts contaminated, dirty plastics ‘as-is’

Performs resin sorting, metal remover and size reduction

Does not deploy washing or thermal methods

No effluents are generated

In 2012 :
• 85% of Polyethylene
• 99% of Polypropylene
• 99% of Polystyrene
..contained in US municipal
waste streams was
landfilled (USEPA 2012)
Development overview

2010 2011 2012 2013 2014

Batch process Semi-continuous Continuous process Continuous process

0.8 kg | 4 hrs process 10kg/hr 50kg/hr
Vapor stage catalysis 4 kg | batch Auto-cleaning and Significant process
Product : syncrude Vapor stage catalysis expellation of char intensification achieved
and heavy waxes Guard beds for Multi-stage heating Product : diesel and
dehalogenation Product : heavier gasoline like fuels.
Product : mix of heavy hydrocarbons, waxes,
waxes, light and some lighter fuels
middle distillates

250 X scaleup
400 + 40,000 lbs+ 4500+ gallons
trial performed feedstock processed product generated
Competition Process Type Fuel Generated
Commercial
Batch
20 TPD plants in Diesel, kerosene,
operation in UK naptha
and Spain
(retail =$175/barrel)
Commercialization

Serial batch | Synthetic crude

continuous

Process under Diesel, #6 (heavy) oil

development
Demonstration

Continuous Diesel, naptha

Continuous Diesel, naptha, heavies

Process under
development
Competitive Edge

A g i l y x (Portland) Vadxx Ventana

vanguard leader

Capital Raised : $54m

Kleiner, WM, Total, Chrysalix,
Keating Capital

Agilyx Vadxx Ventana

Naphtha and diesel blendstocks*
Product Synthetic Crude 7 9 waxes Naphtha and diesel blendstocks
Batch mode
Process Gen continuous Continuous Continuous

Yield barrel ton ' barrel ton barrel ton

 Road-to-market

Engineering Design

Next milestone :
25 TPD demo plant
 Road-to-market

Feedstock LoI
Highland Park, Michigan

Fuel Offtake LoI

Indigo Energy (headquarters : Atlanta)
Team Ventana • Ventana is incubated and supported by Milestone 4 India’s leading
Ventana's team is
automotive component manufacturing company
highly experienced • Milestone has manufacturing plants in North India and employs
with technology over (111 people
development, waste
recycling and
manufacturing
industries. Author of 5 patents in plastic-to-oil
Amit Tandon
space – over 7 years experience with
Team members have Founder | CEO
the sector.
over 200 years of
combined experience
with :

Chemical Jonathan CFO expert with hardware companies

Petroleum Michael in energy technology sectors. Ex CFO
Mechanical CFO (Consulting) Solexel, Sonim, Solyndra and IXI.
Industrial
Electrical
Waste Recycling
Top-management executive, stalwart
chemical engineer - over 30 years of
Dr. Ram Iyer
experience with design, development,
Vice President:
scaleup and commercialization of
Engineering
complex chemical plant and refinery
units.
Team Ventana Serial entrepreneur. Over 30 years of
Ventana's team is Eugene Jones experience with waste management
highly experienced Director: Business and recycling in senior CxO level
with technology Development positions. Leads Ventana’s business
development, waste development initiatives in a
recycling and consulting role.
manufacturing
industries. Inventor and senior executive having
30 years of experience with
Team members have Larry Buckle engineering, development,
over 200 years of Director: Supply operation and management of solid
combined experience Chain waste processing systems.
with : Spearheads Ventana's supply chain
efforts in a consulting role .
Chemical
Petroleum Accomplished executive with over
Mechanical Biresh Thakur
30 years of experience with
Industrial Senior Engineering
industrial manufacturing and
Electrical Manager
equipment design.
Waste Recycling

Hands-on technocrat with over 35

Rakesh Dutta
years of experience with mechanical
Engineering
and electrical industry spanning
manager
energy, oil and polymers.
Team Ventana

VentanaBs efforts are

additionally supported Siddharth
• Chemical engineer overseeing
by an array of Mohan
Ventana’s R&D. Priorly with National
Senior Process
technical staff 4 Biofuel Energy Lab
Engineer
including plant
operators* welders*
fitters* electricians and
draftsmen
Ankit Goyal Chemical engineer overseeing
Process engineering design and operation of
Engineer pilot plant.
The company also
has a CD hour in4
house machining and
fabrication shop
• Strategic advisor, physicist and
giving it rapid Dr. Edward
cleantech specialist.
Beardsworth
turnaround time on • Ex- Director at The Hub Lab and Jane
Strategic Advisor
process Capital Partners.
improvements
Macrotrends | Headwinds

Energy Prices $/MMBtu* - 2012 EIA : Distillate Price Forecast (2015-40 )

Fuel Type $/ MMBtu

9.00
~$8.0 / gallon
Ethanol 85 $ 35.1
8.00

Gasoline $ 30.4 Rate of increase

7.00
2.90%
Electricity $ 28.8 6.00

5.00
Distillate Fuel Oil $ 28.4
4.00
Propane $ 23.2
3.00
Jet Fuel $ 23.0
2.00

Residual Fuel Oil $ 20.4 1.00

Ventana's plastic-to-oil 0.00

(cost of production) $ 10.9
Diesel Fuel Motor Gasoline
Metallurgical Coal $ 7.3
($/ ($/ *EIA
Natural Gas $ 5.4 gallon) gallon) 2013

*EIA 2012
Macrotrends | Headwinds
International
Recycling Group … is
looking to build a 1000
TPD plant to convert
low-grade plastics to
coal substitute fuel
pellets for use in blast
furnaces in steel
production.
Resource Recycling (Oct 13)
Market price :
Coal : $ 75 / ton of plastic
HyFuel: $ 690 / ton of plastic
Biffa (UK) has closed its
20,000 tons a year low-
grade plastic recycling
facility after finding an
unacceptably high level
of contamination in rigid
plastic pots, tubs and
trays sourced from
MRFs.
letsrecycle.com (June 2013)
Differentiator :
Ventana’s technology accepts contaminated, dirty waste plastic
Under China’s operation
Green Fence … more than
800,000 tons of recyclables
or scrap have been
rejected and Chinese
customs officials have
suspended the import
licenses of 247 companies.
Macrotrends | Headwinds

US total market in numbers

Waste plastics No of plastic to fuel
facilities (50 TPD) 2000+
62,000,000 tons pa
Fuel generated
8.5 bn gallons pa Sufficient to fuel 12.0m cars

Revenue $23.0 bn pa
Landfill charges avoided
No of jobs created
$2.0 bn pa
50,000+
# 21 Proprietary and Confidential
Macrotrends | Headwinds

100 + inbound inquiries

35 countries
Contact
Amit Tandon, CEO
amit.tandon@ventanacleantech.com
Tel : +1-650-918-4590
www.ventanacleantech.com

830, Andromeda Lane

Foster City, CA 94404

R&D Centre
KK-16, HSIDC Estate,
Kalka, Haryana. India 13302
Dr. Ram Iyer, VP (Engineering)
Ventana’s R&D centre (India)
ram.iyer@ventanacleantech.com