co2 utilization approaches and commercialization pathways

7/26/2019 CO2 Utilization Approaches and Commercialization Pathways

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!

CCUS TechEntrepreneurship

Robert Niven, CEO

June 14, 2016


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Over the next 90 minutes

Objective to demonstrate the entrepreneurship

opportunities in CCUS

Agenda CO2in the Circular Economy

CarbonCure case study

Carbon XPRIZE

Tech Startup roadmap

Build your own tech startup group exercise


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Horizontal smokestacks


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CO2utilization technology companies

Products: Plastics, fuels,

building materials,

commodity chemicals

>$500M invested by

Venture Capital

Corporate

Grants Mostly US based

Mostly early or pre

commercial


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#$%&%'&( )*+,-&./%-01 203(&


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The most abundantman-made material on the planet

and makes up about 50% by mass of all materials produced

globally.

4%5(6.%&7 %13 58( 91:.6012(15; +13 93; '< 4=>= ?78'


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0

1

2

3

4

5

6

1990 2000 2010 2020 2030 2040 2050

GtCement

Year

The reactive component of concrete and is in ever increasingdemand

USGS/IEA

China

Other developingcountries

India

OECD, industrial nations

!@

Cement


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CO2EMISSIONS

!!A%250B (5 %&; C+@@DE= )(2(15 %13 )01$6(5( F(7(%6$8; GDC+E; !!HI!+J

Byproduct of cement production and total about 5% of thetotal annual global. One tonne of cement clinker results in

about 865 kg of CO2emitted.


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Combustion

1.13 t

RawMaterial(limestone,sand, clay)

0.1 t coal

0.75 tclinker

0.25 tadditions

Cement production and CO2emissions

0.75 tclinker

Clinker

865 kg CO2e / t

Cement

650 kg CO2e / t

Specific CO2emissions

Calcin

ation

0.65 tCO2

60%40%

!+


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Driver: Preempt CO2regulations

Preempt regulations with 20% to 25% CO2emission

reductions by2030

!Capture, use & store carbon at scale

!Avoided emissions

!Fuel switching and efficiencies

!

Clinker substitution


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2005 2016

$172B

~2% ofmarket

= Nonresidential Market

= Green Market $239B

~50% ofmarket

$3B

$125B

Source: World Green Building Trends 2016, Dodge Data & Analytics, 2016.Source: Green Market Size: McGraw-Hill Construction, 2012; base value of construction market from McGraw-Hill Construction Market Forecasting Service, as of January 2013

Driver: Green building market driver


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!H

Limestone

CaCO3

Concrete

Add aggregates& water

CaCO3bound within

CO2

Cement

CaO

Beneficial CO2utilization


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Concrete most abundant material

CO2 Utilization!A win-win solution for the concrete

industry where CO2is beneficially used

to lower concretes production costs

and access green building market.


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Licensed retrofit technology

CO2supply

Concrete placement

CO2injection andmix optimization

Ready Mixed

Masonry

Supply


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Global commodity sold by gas suppliers at $200 - >$400/T

Industrial emissions sources : refineries, fertilizer, etc.

CO2supply chain

CO2capture at UScement plant


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Management team

Robert Niven, MSc EngFounder & CEO

Dean Forgeron, PhDVP Engineering

Sean Monkman, PhDVP Technology Development

Kevin Cail, PEngChief Technology Officer

Jennifer Wagner, MSc MBAVP Sustainability

William HoldenConcrete Exec

Management

Board

Paul Sandberg, PhDVP Science

David Green, PhDSolar Entrepreneur

Tom Van BommelCleantech/Finance

Andrew HaughianAdvanced Materials/Finance

Vision: Creating sensible CO2solutions for the concrete industry

Robert Niven, MSc EngFounder & CEO

William HoldenVP Sales


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Investors


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+!

Precipitation(CO2Storage)

Ca+2(aq)+ CO3-2

(aq)"CaCO3 (s)

CO2Dissociation

(CO3-2Supply)

CO2 (g)!CO2(aq)

CO2(aq)+ H2O !H2CO3 (aq)

H2CO3 (aq)!HCO3-(aq)+ H

+

HCO3-(aq)

!

CO3-2

(aq)+ H+

Dissolution(Ca2+Supply)

3CaO"SiO2+ 3H2O !3Ca2++ SiO20+

6OH-

2CaO"SiO2+ 2H2O !2Ca2++ SiO2

0+

4OH-

Ca(OH)2+ H2O !Ca2+

+ 2OH-

+ H2O

=

+

Cement + water + CO2#calciumcarbonate


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In-situ nanomaterial production

K1I7.5, L062%-01 0L 1%10I)%)*G$017.75(15 M.58 (NI7.5, 1%10I

$%&$.5( %33.-01


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!

!

O

G

+

JPQ JPQ

# !

$% &'()*+, -./& 0./12(.*+3

Hydration reaction seeding

4)1,*/.*+ 5./678+


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Value: mix optimization

@

H

!@

!H

+@

+H

G@

GH

O@

1 day 3 day 7 day 28 day

Control

CarbonCure

114%

118%

121%

126%Strength(MPA)

Curing Time

24


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Value: Green Building


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2013 masonry concrete launch


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2015 ready mix concrete launch


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+D

Environmental Impact CO

2

is a catalyst for performance benefit

Doses are small, but industry is huge

A consistent strength benefit allows forincreased SCM usage thereby lowering thecarbon footprint of the concrete mix design by5-10%.


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8RS7TUU


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Marginal Abatement Curve


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Chose a CCUS

technology

Large total addressable market

Incremental value

Proven technology


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Scaling considerations

Value: Savings, regulatory, access new markets

Costs: Low CAPEX, OPEX Savings

Model: Market size, revenue model, ROI

Competition: Few, barriers to entry

Regulatory: Compliant

Supply Chain: Retrofit

Other: Team, vision, access to capital, Luck


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Path to commercialization


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Team 1Concept

Team 2

Laboratory

Team 3Prototype

Team 4Industrial Pilot

Team 5

Scalable


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Navigating the commercializationpathway

1.

Describe the starting and ending technology

2. Describe the required team

3.

What resources will you need4.

How much will it cost

5. Who are your partners (if any)

6. What do you expect to learn

7. What do you need to achieve to proceed

8.

What challenges do you expect


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Guides

co2 utilization approaches and commercialization pathways

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