Important Notice This presentation may contain forward-looking statements based on current management expectations. Numerous factors, including those related to market conditions and those detailed from time-to-time in the Company's…
Overview Oxford Catalysts has unique enabling patented technology for the production of synthetic fuels at distributed scales Huge market opportunity ripe for exploitation Commercial roll out has begun Go to market proposition:…
2012 H1 Highlights: Milestone Year Successful operation of a full-scale reactor at a customer site First milestone payment received for Petrobras GTL demonstration Technology validated via selection for field deployments Rosneft;…
2012 H1 Highlights: Open for Business Perfect environment for kick-starting market adoption of our technology Significant medium term opportunities are relatively arbitrage insensitive Strengthened ties with key partners; able to…
Unique Technology: Modular GTL Modular Suitable for remote locations Capacity can be adjusted to field Lower risk Smaller plants = smaller investments Investment can be phased Reduced costs Shop fabricate units Modules / plant…
FT Technology Demonstrated in the Field Existing facility with FT capabilities 25 bpd commercial-scale reactor started in May 2012 Met performance criteria Results supporting design of 5,000 bpd commercial facility Showcase for…
Were open for business 8
Integrated GTL Facility Designed by Ventech Engineers 9
Revenue Streams GTL total installed cost: 100,000/bpd Example: 2,500 bpd plant Order Start-up 6m 3-6m 18-24m 2 yr Every 2 yr Site study Construction Eng. study Catalyst 4.3m 4.3m replacement 3.8m 3.8m…
Two Distinct Markets Offshore OCG OCG Blend into Steam CO / H2 Fischer- Syncrude crude Reforming Tropsch Onshore Blend into Auto OCG crude Thermal CO / H2 Fischer- Syncrude OR Reforming Tropsch Hydro- cracking Diesel or Jet…
Half-core Reactor Demonstration Hosted by Petrobras at facility in Fortaleza, Brazil Full cost covered by Toyo Engineering & MODEC 6 bpd demonstration mimics complete FPSO mounted GTL facility First milestone payment received…
Commercial Selection for GreenSky Projects Selected by Solena Fuels as sole FT supplier for series of commercial BTL plants Competitive selection process based on technology evaluation advised by Fluor First competitive solicitation…
GreenSky London Europes first waste to aviation fuel project Will provide enough fuel to supply BAs needs for London City Airport BA Chairman and CEO on record discussing the project Upcoming milestones Public announcement of BAs…
Selection By Calumet Specialty Products Selected to supply FT technology for 1,000 bpd commercial GTL plant Financing is assured with Calumet providing as much of the capital as required Beginning permitting Design to be complete…
About Calumet Specialty Products Public company listed on NASDAQ: CLMT Revenue: 4.1bn 20% pa 5yr revenue growth Produces over 1,500 specialty products which are sold to over 2,700 customers Primarily raw material components for…
Calumet Karns City, PA In the heart of the Marcellus Shale Field Karns City, PA 19
Calumet Karns City, PA Proposed site of OCGs first GTL plant 20
Our intellectual property is the product of over 15 years and more than 300 million of development. It is a key Group asset that protects our competitive advantage 21
Intellectual Property Our Strategic Asset Massive portfolio 25,000 claims in 800 patents Momentum continues: 67 patents granted in the last 12 months Important patents granted covering a variety of technologies 0 1000 2000 3000 4000…
Extensive and High Quality Patents Worlds largest microchannel patent portfolio Group IP cited over 3,000 times in others patents, including patents from: Air Liquide Dainippon Hitachi Mitsubishi Sued Air Degussa Honda Motorola…
Years of Protection Ahead Number of Patents Expiring 140 120 100 Foreign filing 80 and divisional applications 60 yet to come 40 20 0 24
2012 H1 Financial Highlights Revenue of 3.6 million (FY 2011 H1: 2.9m) Predominantly development funding and grant income Includes milestone payment from Toyo/MODEC Losses* for period were 3.8m (2011 H1: 3.1m) Cash* outflow in…
Summary: Milestone Year Milestone Year Successful start-up of commercial scale FT reactor at client facility with performance matching expectations First milestone payment received for achieving goal relating to Brazil demonstration…
GTL Will Happen in North America Low Sulfur Diesel Price Market conditions for GTL have never been better Natural Gas Price 27
About Us Unique innovative technology solution for distributed scale GTL World-class pedigree 15+ yrs of development University of Oxford: top global research centre; largest chemistry department in Western World Battelle: worlds…
Board of Directors Pierre Jungels, PhD, CBE Chairman 30+ yrs in oil industry: was CEO Enterprise Oil; ED PetroFina; MD British Gas Dir.: Woodside Petroleum; Baker Hughes; Imperial Tobacco; Rockhopper Exp. Roy Lipski Chief Executive…
UK Facilities 32
US Facilities 33
Industry is Recognising Us Kirkpatrick Chemical Engineering Achievement Award (2011) Most noteworthy technology commercialized anywhere in the world Only small company to win award since its inception in 1933 Rushlight Fossil Fuels…
Complete GTL Solution Technology Resource Engineering Holders Modular GTL Field Fabrication Services Catalyst Suppliers not yet 35 announced
Winning Economics Key Assumptions Fully integrated facility producing 75% diesel & 25% naphtha Gas price = 4/mscf 9,000 scf per barrel 63-66 diesel Capital cost estimate 100k/bpd for small plant, 80k/bpd for larger plant 4/mscf…
Recap: the GTL Process Super active catalyst Reforming FT Hydro-processing Clean synthetic Syngas Syncrude fuels Natural Gas carbon monoxide Synthetic diesel, naptha, + hydrogen crude oil jet fuel etc. (e.g. SMR) Microchannel…
Why GTL Highly fungible product truly global market Arbitrage Ship along (and hedge) with / as oil between gas Simplified cheap multiple and oil Winning Logistics transport markets Economics options Unlocks associated oil…
Huge Market Opportunity Much shale gas is distributed scale / remote. Estimated at 1,250 TCF in North America and over 6,000 TCF worldwide 5 TCF of gas flared every year + 5 TCF reinjected to avoid flaring alone Only 5% of the worlds…
GTL and Associated Gas GE estimates that 5% of the worlds natural gas production is flared Enough to power Germany Wasteful CO2 emissions Many governments are moving to ban or reduce flaring Current solutions to flaring can be…
GTL Today = Massive Scale Shells Pearl GTL in Qatar 19Bn price tag 140,000 bpd + 120,000 bpd of NGL Sasol Oryx also in Qatar 1Bn for 34,000 bpd 60m tall, 2,200 tonne reactors Chevron Escravos GTL in Nigeria 6Bn 34,000 bpd, using…
Microchannel Process Technology Conventional Microchannel 25-150 mm Enhanced mass & heat transfer Characteristic dimension 0.1- 10 mm 42
Outperforming Conventional Systems Microchannels: Control reactions at optimal conditions Accelerate processes by 10-1,000 fold Allow use of novel, much more active catalysts Enable smaller, more productive reactors 43
Modular Microchannels are the Solution MicrochannelFT Microchannel FTReactor reactor Conventional slurry reactor OCG microchannel reactor k/bpd capacity Cost advantage Oxford Catalysts Conventional FT Reactor OCG…
World Beating FT Reactor Productivity 14 OCG 12 10 Reactor Productivity (bpd/tonne) Sasol - Oryx* 8 6 Shell - Pearl 4 Shell - Bintulu 2 0 0 2,000 4,000 6,000 8,000 10,000 12,000 Scale of Single…
Superactive FT Catalyst 1600 1400 Catalyst Productivity 1200 (kg/m /hr) 1000 3 800 600 400 200 0 Fixed Bed Slurry Bed OCG (Shell) (Sasol) 46
Outstanding Catalyst Stability & Selectivity Reactor Dilute gas upset and short contact time Very low deactivation 400+ days without regeneration 47
Revenue Model Low-capital business model Attractive mix of upfront and recurring revenues Upfront income License Equipment Engineering Recurring catalyst income Example: 2,500 bpd plant License: 7.5m 3,000 / bpd of capacity…
Commercial Momentum Building Up Active discussions with 15 major global energy players 10 client FEL engineering studies currently underway Active pipeline of over 100,000 bpd total installed capacity (equiv. 40 medium size plants)…
Facilities with OxCat Reactors Calumet 1,000 bpd Rosneft Sierra Energy GTL facility 100 bpd U.S. BTL demo in 2014 GTL in 2014 in 2014 SGC Energia OxCat Greensky London Gssing, Austria Confidential Pilot Plant Commercial BTL 0.5 bpd…
2 Full Scale Layer Reactor Demonstration FT reactor successfully demonstrated in Gssing, Austria Operated summer 2010 to fall 2011 FT returned to US facilities to for part of OCG Pilot Plant Gssing FT demonstration unit FT…
OCG Pilot Plant & Training Facility Fully integrated microchannel SMR, FT & hydro-cracking pilot plant and operator training facility (0.5 bbl/day) Stage I complete: SMR operational Stable and robust operation Numerous runs 1-4,000…
100 bpd Reactor Demonstration Project funded by Rosneft Oil Company with Russian technology company Gazohim Techno Basis for multiple mini-GTL plants to address flaring a major problem in Russia Existing facility: Rosneft Angarsk…
Patent Enforcement We will always seek a business solution first when someone is using our patents, but if necessary we will pursue legal means Enforcing patents in US Federal Court against CompactGTLs catalyst supplier, Catacel…
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