Transcript Document

World Waste to Energy City Summit – May 2015
Vincent Chornet
President and CEO
Enerkem biorefineries:
setting a new global standard
in biofuels, chemicals
and waste management
Enerkem at a glance
•
MSW-based biofuels and renewable chemicals producer
•
World’s first full-scale commercial MSW biorefinery
beginning operations in Edmonton, Alberta
•
300 million invested to date to move from R&D to commercial stage
•
200 employees
•
New alternative to landfilling
and incineration
We’re building the bioeconomy. | © Enerkem, 2015
World’s first commercial
MSW-to-biofuels and chemicals
facility inaugurated June 4th 2014
ENERKEM ALBERTA BIOFUELS
Capacity:
Feedstock:
Products:
38 million litres per year
(i.e. 1 X standard Enerkem system)
Municipal solid waste
(household garbage from City of Edmonton)
100,000 dry tonnes per year
Biomethanol, cellulosic ethanol
Not skipping steps: an essential
MODULAR COMMERCIAL BIOREFINERIES
WESTBURY FACILITY
x2
UNIVERSITY OF
SHERBROOKE SHERBROOKE
PILOT
x2
x3
Laboratory
Pilot
Syngas
Demo
Methanol
Demo
We’re building the bioeconomy. | © Enerkem, 2015
Ethanol
Demo
Full-scale commercial
production
Cost-competitive and sustainable ACT solution
38-152 MLPY
Municipality:
Enerkem:
• Supplies 100,000400,000 tons of
MSW per year
(long-term contract)
• Invests approx. $100M to build, own and operate the biorefinery
• Pays tipping fee –
attractive compared
to status quo
• Suggests sites
• Converts RDF into 38 to 152 MLPY of biofuels/biochemicals
• Works with the city to optimize MSW sorting into commodities and
for site selection
• Manages business risks incl. sale of final product
• Creates high-quality jobs:
• 600 direct/indirect during construction
• 150 direct/indirect (permanent) during operation
(for 1 X standard Enerkem system of 10 MGY)
• Generates $C65M/year in net economic benefits in the region
(for 1 X standard Enerkem system of 10 MGY)
We’re building the bioeconomy. | © Enerkem, 2015
Comparison with incineration
Enerkem
Incineration
Where does the carbon go?
Biofuels and chemicals
(replacing oil)
Smokestack emits CO2
Finality
Chemical recycling of carbon
into alcohols
Waste elimination

Technology


Partial oxidation
Reforming
Catalytic conversion
Mass combustion
CAPEX for equivalent
plant EBITDA*
$225M
$425M
Primary revenue source
Sale of liquid fuels
and chemicals
Sale of waste disposal service
and electricity

Break-even tipping fee

Power generation:
½ the tipping fee
Fuels and chemicals:
less than ½ the tipping fee
* For processing 500,000 mt/year unsorted MSW
We’re building the bioeconomy. | © Enerkem, 2015
Greater than $80/mt
City of Edmonton’s Integrated Waste
Management Centre
Recycled
 20%
Composted
 40%
Biofuels
 30%
Landfill
 10%

Waste diversion = 90%
Large market potential
BIOFUELS: US$ 98 BILLION
Sources: World Bank, 2012; Statista 2015; MarketsandMarkets
We’re building the bioeconomy. | © Enerkem, 2015
REN. CHEMICALS: US$ 57 BILLION
Business model
•
Moving beyond BOO model  licensing and equipment supply
•
Modular manufacturing approach enabling global expansion
•
43 pre-fabricated modules for standard facility (e.g. Edmonton):
• 15 process-driven modules
• 28 structural modules
We’re building the bioeconomy. | © Enerkem, 2015
Target growth areas for global partnerships
•
Strategic partnerships with leading industrial groups
•
Selection based on market attractiveness:
•
public policies
•
tipping fees
•
proximity to petrochemical infrastructure
•
population
We’re building the bioeconomy. | © Enerkem, 2015
Thank you
For more information:
Vincent Chornet
President and CEO
[email protected]
www.enerkem.com