renewable based chemistry within solvay - valbiom - … composites flavors presentation for valbiom,...

1Presentation for VALBIOM, 14 November 2012

Renewable based Chemistry within Solvay

Antoine Amory

9èmes Rencontres de la BiomasseGembloux, 14 Novembre 2012


Agenda

• Overview of Solvay– Strong fundamentals– Strategic vision

• Renewable based chemistry– Epicerol– Surfactants– Solvents, additives– Vanillin– Cellulose acetate– Polyamides


Within top 10 worldwide largest chemical players

90% of sales in businesses standing among the top 3 global leaders

Global presence with 40% of sales in fast growing countries

Diversified end-markets creating resilience through cycles

Differentiated innovation focused on sustainable development

Committed to operational excellence targeting best-in-class process efficiency

REBITDA: operating result before amortization, non recurring elements, financial charges and taxes

* From continuing operations

** Cash flow from operating activities + cash flow from investing activities, excluding acquisitions and sales of subsidiaries and other investments + dividends from associates and JVs.

€ 12.7bnNET SALES € 2.1bn

REBITDA

€ 656m**FREE CASH

FLOW

€ 825m*NET INCOME

29,000EMPLOYEES55 Countries

2011 PROFORMAOur strengths

A major global chemical player with compelling strengths STRONG FUNDAMENTALS


Solvay in the global top league

SOURCE: Reuters; Chemical & Engineering News; Annual reports1) BASF excluding Oil and Gas activities2) Evonik, excluding Real Estate activities3) Proforma 2011

2011, EUR billionsAmong the largest chemical players w/w by revenue

8.7

8.89.29.49.9

11.712.512.712.7

14.2

15.7

10.8

20.221.5

27.143.1

61.4(1)

(2)

(3)

Material Sciences

STRONG FUNDAMENTALS


Global leadership positions

SpecialtyPolymers

High Barrier Polymers,

High-Performance Engineering Polymers

& Compounds, Fluorinated Polymers

Polyamide &Intermediates

PA 6.6 Polymers,Intermediates &

EngineeringPlastics

EssentialChemicals

Hydrogen Peroxide,

Soda Ash & Sodium

Bicarbonate

Silica & Rare EarthSystems

High-PerformanceSilicas,

Rare EarthSystems

Consumer Chemicals

SpecialtySurfactants, Phosphorus Chemistry

& Diphenols

Vinyls& Acetow

PVC, CelluloseAcetate Fiber

World leader with 90% of its sales in businesses where it is among the top 3

#1 #1 #1 #1

#2 #3

STRONG FUNDAMENTALS


Asia Pacific / Rest of the world

26%LatinAmerica14%

40% OF NET SALES AND INDUSTRIAL ASSETS

33% OF HUMAN RESOURCES

INDUSTRIAL SITES

25

3,400

Europe43%

INDUSTRIAL SITES

40

16,300

INDUSTRIAL SITES

35

5,700

INDUSTRIAL SITES

10

3,700

NorthAmerica

17%

Plastics & Chemicals Rhodia

Strong footprint in fast growing regionsSTRONG FUNDAMENTALS


Boost innovation capabilities through open innovation

€ 54m€ 218m 322in venturingnet R&D investment

major worldwideR&D centers new patents

2011 proforma figures

Bristol

Shanghai

Paris

Lyon

Brussels

Dombasle

Atlanta

Milano

Vadodara

Seoul

1,700 researchemployees

Hannover

Collaboration with major academic institutions

Major worldwide R&D centers

Venture Capital investments

Europe1,219people

Asia188people

North America222people

Latin America82people

Paulinia

12

INNOVATION


29%

17%

15%7%4%

4%4%

2%

18%

Electricals & Electronics

Agriculture, Forestry and Fishing

Well diversified end‐markets, creating resilience throughout cyclesSTRONG FUNDAMENTALS


Agenda




Value creation through differentiated business strategic priorities

Focus on growth opportunities:

• Organic growth• Innovation• External growth16%

12%

18%

9%

10%

8%

3%

16%

8%

Specialty Polymers

ConsumerChemicals

Acetow &Eco Services

EssentialChemicals

EnergyServices

AdvancedMaterials

Vinyls

Polyamide

SpecialChemicals

Proforma 2011 REBITDA Breakdown by businesses (excluded NBD / BCS)

› Double-digit profit growth

› Outperforming the market

STRATEGIC VISION

Focus on cash management and strategic positioning improvement:

• Improve contribution margin• Reduce costs• Enhance cash generation

Portfolio Strategic Management

› Regain strategic flexibility

› Secure sustained cash generation


Focused on Value creation

STRONG CASH FLOW

GENERATION

ROBUST

CAPITAL STRUCTURE

HIGH

PROFITABILITY

VALUE CREATION

REBITDA

by 2016

› CFROI > WACC

€ 3bn*

* At constant perimeter and assuming no major macroeconomic crisis

STRATEGIC VISION

Our ambition

Strong track record in transformation


Agenda




Group Biosourced Raw MaterialsWorldwide Feedstocks

eucalyptus

eucalyptus

spruce

pine

pinepine rapeseedcorn/wheat

guar

coconutpalmsugarcane

castor bean

ricepine

sugarcane


A Group Engaged in Chemistry of Several Plant Feedstocks

eucalyptus spruce pine coconut palm soybean rapeseed peanut

corn rice

castor bean

guarsugarcane

Plants: a source of natural molecules and polymers

fatty acids

sugars

glucose polymerspolysaccharides

wheat

alcoholsglycerin


A Group Engaged in Chemistry from Biomass for Growing Applications

cables for filters

solvents, monomers for inks, paints, coatings

soaps, surfactantsfor shampoos and body

wash

plastics for automotive

additives for crop protection

Buiding blocksEpicerol®

Solvents - MonomersAugeo® Epicerol® Sipomer®

SurfactantsMirataine® Alkamuls® Miranol® Rhodasurf® Rhodameen® Rhodapex® Geropon®

PolymersAcetol Jaguar® Rhodicare® Rhodopol® Rheozan® Technyl®eXten

Aromas Rhovanil® Rhodiarome®

adhesives Composites Flavors


Agenda




Epichlorohydrin: a key raw material for a wide range of industries

17

E P I C H L O R O H Y D R I N

NON EPOXY RESINS

Home & Personal Care

Pulp & Paper Water TreatmentPaints & Coatings Composites

Adhesives Electronics

EPOXY RESINS


• Seamless reliability of supply: 3 production facilities around the world (+ 1 project in China)• Future global leader: projected Solvay epichlorohydrin output of 310 kT/Y from 2015 on • Transparency in dealing with other players in the supply chain: Solvay is not integrated dowstream in the epoxy resin business

18

A reliable supplier & future leader of epichlorohydrin worldwide

TAVAUX,France50 kt/year

TAIXING, China100 kt/yearStart up by 2014

MAP TA PHUT, Thailand100 kt/year

RHEINBERG, Germany60 kt/year


EPICEROL®

PROCESS

19

Epicerol®, a breakthrough in epichlorohydrin production

Propylene fossil energy consumption

water and chlorine consumption

Shift from fossil to renewable raw material

CO2emissions and water effluents

chlorinated by-products

Epicerol® process advantages (from gate to gate vs.classical process)

EPICEROL® : > A breakthrough innovation developed and patented by Solvay > A drop-in substitute of oil-based epichlorohydrin > A clean technology based on a renewable raw material

Production routes for epichlorohydrin

RENEWABLE Glycerine


CLASSICALPROCESS


CLASSICALPROCESS

(identical physico-chemical properties)



Scope of the Solvay comparative eco‐footprint: from cradle to gate• Comparison between Epicerol® and epichlorohydrin manufactured by a state of the art propylene‐based manufacturing unit• Considering all the inputs and outputs required by each process from the resource extraction to the Epichlorohydrin • The study was audited and validated by

20

Evaluating environmental impact calls for a Life Cycle Analysis (LCA)

Not considered in the study Uses and end-of-life are the same for both Epicerol® and propylene-based epichlorohydrin

Scope of a full Life Cycle Analysis:

to grave

from cradle

END OF LIFE

Processes/Packaging/Logistics/…

USES



Oil drillingAgriculture

Glycerine Propylene


CLASSICALPROCESS

EPICEROL®

PROCESS

Processes/Packaging/Logistics/……



Epicerol® helps its customers to reach environmental goals


Oil drillingAgriculture

Glycerine Propylene


CLASSICALPROCESS

EPICEROL®

PROCESS


Sharp decrease of the Global Warming Potential Shift from fossil to renewable source of raw materials and energy

100% renewable bio-sourced carbon

61% Global Warming Potential (GWP)

57% non renewable energy consumption



Epicerol® sharp decrease on Global Warming Potential (GWP)

22

Customer’s Advantage: Integrating 1MT of Epicerol®

(instead of classical epichlorohydrin) in customer’s product reduces its carbon footprint by 2.56 MT CO2 equivalent !

Oil-based EPICHLOROHYDRIN

EPICEROL®

-61%in GWP

- 34% due to the carbon capture by the plants (the so-called “biogenic CO2”)

- 27% reduction of the greenhouse gas emissions (related to the efficiency of the processes)

Compared to the state of the art propylene-based process,Epicerol® shows a 61% reduction in GWP


Agenda




Biosourced Fatty Acids :Feedstocks for Many Surfactants

• Surfactants : molecules made of two distinct blocks: –one presenting a strong compatibility with oils,–one presenting a strong compatibility with water.

fatty acidslauric C12cetylic C16oleic C18

stearic C18erucic C22

…

+polar part

ionshydrophilic blocks

surfactantsionics

anionicscationics

amphotericsnon-ionics


Biosourced SurfactantsApplications in Fluid Formulations

• Due to their properties: foam control, surface modification, cleaning, emulsion, rheology : Miranol®, Rhodasurf®, Rhodameen®

• Surfactants are used as performance additives for fluid formulations in several industries : –personal care,–home care, –metal treatment, industrial cleaning, –oil extraction, –crop protection.

• The renewable source is a positive element for higher value added applications.


•Betaines amphoteric surfactants : Mirataine®

• very soft and foamy surfactant, compatible with other surfactants and soluble in electrolyte solutions–emulsifiers, thickeners, antistatics, foaming agents for :–shampoos, body washes, liquid soaps, bubble bath gels, conditioners,detergents.

Amphoteric Biobased Surfactants :Well suited for Personal Care

Fatty acid + DMAPAmine + chloroacetate Na


• Cocoylisethionate sodium Geropon®fatty acid +

• Surfactant for cleansing personal products– shower gels, shampoos, facial cleansers, liquid soaps,–brings softness for skin cleansing care, – foaming agent efficient with hard waters,– forms a light foam, leaves the user with a cleanliness and soft care feeling with light moisturizing.

• The consumer is looking for a natural product for skin care and soft feeling.

• Miracare® Plaisant brings : –high softness, –deep cleansing,– soft and silk feeling after use.

A Natural OriginExpected by the Consumers


Sugar FeedstocksA Source of Hydrophilic Blocks

corn

starch

enzymatichydrolysis

glucose

sorbitol

sorbitan

sorbitanester

oil emulsifiers

100 %biobased

100 %biobased

RCOO biosourcedfatty acid Alkamuls®

non ionic surfactant

wheat

Rhodopol®Rhodicare®

xanthanRheozan®

succinoglycan


Examples of Biobased ChemistryPine Resins Derivatives : monomers, surfactants, fragrances

Rhodoclean®non ionic surfactant

low foamingmetal cleaning

pinene

ethoxylation

pine

terpene EOPO

Sipomer® HPMmonomer

for polymer thickener

methacrylicacid

terpene EOPO methacrylate

camphene

methacrylicacid

IBOMA

Sipomer®monomer

for high performance coatings

IBOcyclohexanol

Rhodiantal®ingredient

for fragrance formulation


Agenda




Sugar and biomass FeedstocksFor Solvent and Surfactant Developments

ethanol acetaldehyde acetic acid

ethyl acetate

solventsfor inks, coatings, paints,

adhesives

ethylene

Rhodapex®ESB70NAT

sugar

ethylene oxide

butanol butyl esters

Glycerin Slow evaporating solvent

‐Demo plant‐Integration within a sugar mill in Brazil

Augeo®Biobased solvents


Biosourced PolymersGuar Example

• cyamopsis : crop growing in semi‐arid regions• seeds contain polymannose branched galactose : guar gum

• water soluble• high molecular weight (3 million g/mole)• highly viscous water solutions (1% ‐ 5000 mPa.s)

O

OH

H

HO

HO

HHH

OH

O

OH

H

HO

HO

HHH

O

OH

H

H

HO

H

OOHH

H

OH

n

Beans

Splits (raw material)

Cyamopsis tetragonoloba


Guars and Derivatives Additives to Control Rheology

in shampoosfor hair conditioning

in hydroalcoholic gelsfor hand sanitizing as softener

as antidrift agent in agricultural products

for crop protection

as fluid thickener for oilextraction


Agenda




Vanillin: various production routes


Fermentation TechnologiesOpen New Routes : ex. Flavors

• Vanillin is use in food industry, in perfumery, and as a fragrance in detergents.

• The flavor obtained through the fermentation process :–a strong vanilla aroma, rich and full body, with a sweet flavor of caramel and cocoa, –used in candies, drinks, ice‐creams to reinforce vanilla aroma and–chocolates aromas, caramel and malt to sweeten extracts, –fruits aromas, such as of strawberry, raspberry, banana, fruit blends.

rice bran vanillinferulic acid

fermentation

OH

OCH3

COOH

OH

OCH3

CHORhovanil® Natural


Agenda




Cellulose Acetate: A Success in Wood Chemistry

acid treatment at T > 100°C lignin extraction

hemicellulose extraction wood pulp

cellulose fibers

Cellulose is the most abundant organic feedstock:- more than 50 % of biomass,- quantity synthesized by plants is 50 to 100 billions tons per year,- as a comparison, petroleum production is 4 billions tons per year.


Cellulose AcetateMany Applications

•Consumer goodsAcetol–raw material for cigarette filter tows,–textile fibers, clothes,–eyeglass frames, design objects, –tool handles,–protective films for LCD, adhesive films, –…


• License from Accsys Technologies for manufacturing and distrubution of Accoya®

• High performance modified wood (soft wood as well as hard wood)• performance equivalent or better than exotic wood• Leverage of Solvay’s know how in acetylation technologies

Wood acetylation


Agenda




Natural Oils :A Feedstock as well for Plastics

• Sebacic acid C10 is synthesized from ricinoleic acid extracted from castor oil• Polyamide 6,10 is prepared from diamine C6 and sebacic acid C10• PA6,10 broadens polyamides application field to high tech applications with:

–strong mechanical and thermal performances similar to PA 6, with a high melting point (215°C)

–an exceptional chemical resistance, similar to polyamides 11 and 12• Used to manufacture pipes and tubes for engine fuels in automotive applications • Engineering Plastics are often able to replace steel and aluminum, since they can bring significant weight savings.

A high performance application for a biosourced product in a highly technical sector.


Polyamide 6,10 High Performance Biobased Polymer Offers Significant Environmental Footprint Reduction

PA 6

PA 11

Price

PA 12

PA 6.6 Shorter carbon chain+ high barrier to fuels+ high temperature resistance

Oil-based

PA 10.10

Longer carbon chain+ chemical resistance+ low water uptake+ low density

PA 6.12

PA 6.10

Bio-sourced

PA 10T

Using carbon from natural origin, and with simple and direct chemical processes: the synthesis of polyamide 6,10 is an efficient chemistry for CO2 emission.

Based on HMDA and sebacic acid,PA 6.10 is the most economic Bio PA polymer.

Compared to other high-performance polyamides, it offers technical performance and cost-effective profile. Its excellent chemical resistance to salts, as well as to steam and hot water and its low humidity absorption characteristics makes it an excellent alternative to longer carbon chain polyamides.

- 3.5 kg CO2saved

0 1 2 3 4 5 6 7 8 9

PA 6.10

PA 6

PA 12

Climate change, kg CO2eq

renewable based chemistry within solvay - valbiom - … composites flavors presentation for valbiom,...

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