From Waste to Jet Fuels

Novel technology in addition to the fuel pool

© 2012 LanzaTech Inc. All rights reserved.

Sustainable Aviation Day October 11, 2012 Copenhagen, Denmark

Willemijn van der Werf Global Sustainability Director

Waste for Energy

A Sensible Path, adding to the fuel pool

Industrial Growth

Energy Security

Energy Efficiency

Aligns:

Land To Produce

Food For People

Allows:

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Company Profile

• Founded in January 2005 in Auckland, New Zealand

• Corporate HQ in Chicago, R&D in Auckland and Operations in China

• Funding totals $US 86M in three rounds:

– Khosla Ventures, Qiming Ventures, Burrill MLSCF, Petronas, Dialog, K1W1 &

Soft Bank China

• Team

CSO/Founder: Dr. Sean Simpson

CEO: Dr. Jennifer Holmgren

– Over 145 staff

– Synthetic Biology

– Analytical

– Engineering

• IP Portfolio

– ~180 Patents filed

– 2 proprietary microbe families

– 10 synthetic biology families

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The LanzaTech Process

Gas feed stream

Gas reception Compression Fermentation Recovery Product tank

• Biological microbe uses a variety of waste gases as a nutrient source

• Completely outside of the food value chain

• No Land Use Change (direct or indirect)

• Gases are sole source of energy and carbon

• Production of fuels and chemicals

• Potential to make material impact on the future energy pool (>100s of billions of gallons per year)

Novel gas fermentation

technology captures CO-rich

gases and converts the carbon

into fuels and chemicals

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C4

• BDO

• n-Butanol

• i-Butanol

• Succinic acid

LanzaTech Gas to Liquid Platform

H2 CO CO H2 CO2 CO2

Industrial Syngas: Biomass, Coal, Methane COG, Chemical Power

Native

Synthetic

Engineering Control Chemistry

Customized Catalysts

C2

• Ethanol

• Acetic acid

C3

• i-propanol

• acetone

C5

• Isoprene

Other

• PHB

• …….

Resources

Product Suite

Product Suite

Thermochemical Approaches

Olefins Chemicals Chemical

Intermediates

Hydrocarbon Fuels (diesel, jet, gasoline)

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Pre-commercial plant

Demo

Clear path to scale

Bench top

CSTR

Scalable design

Lab Pilot

NZ Steel mill pilot

Pilot Strain Development

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Reproducible & consistent data at each reactor scale

Our Plant in Shanghai

400,000 liter ethanol py capacity

Reproducible results in Lab, Pilot and Demo reactors

BaoSteel is China’s 2nd largest steel producer, 3rd in the

world

Feedstock Flexible Commercialization

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2008 2012

2013

Pilot BlueScope Steel Mill

Bao Demo: Operational

In Design

In Design

Groundbreaking February 27

BOF Gas

50% CO, 2% H2

COREX Gas

42% CO, 12% H2

LDG/COREX Mix2

Biomass

Syngas

MSW

Syngas

BOF/COG

Mix

Pet Coke

Natural Gas Biomass

Municipal Waste

~90M MTA

Accessible Feedstock Pool

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CO

CO + H2

3300B M3

>2B MTA

>1B MTA US Alone

*2010 production data – IEA, UNEP

CO2 + H2

Flue Gases

Product Portfolio

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Hydrocarbon Fuels

Butanol Butanediol Propanol

Ethanol

~1.7M bpd

~5.5M bpd

~51M bpd

~8.5M bpd

*2010 global consumption data - Harts, IEA

~4 M MTA

~50 M MTA

Ethanol

Diverse Pathways to Renewable Fuels

Biochemical Conversion

Lipid Conversion

Diesel, Jet (HEFA/HRJ)

FAME, FAEE

Enzymatic Hydrolysis Fermentation Alcohols, Chemicals Separation

Oil Extraction

Trans-esterification

Hydrotreating/Hydrocracking

Enzymatic Conversion

Starches

Sugars

Natural Oils

Algae

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Lignin, Cellulose, Hemicellulose

Gasification

Fast Pyrolysis

Fischer Tropsch

Alcohol Synthesis

Catalytic Upgrading Gasoline

Gasoline, Diesel, Jet Alcohols

Liquid Bio-Oil

Syngas

Thermochemical Conversion

Fermentation Alcohols, Chemicals

Gas Fermentation

Separation

Catalytic Conversion Gasoline, Diesel, Jet Industrial Waste Gases (CO, CO/H2)

Hydrocarbon Fuels Process

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Alcohol Mixture

Gas Reception Fermentation Recovery Chemical Synthesis Rectification Diesel Jet Gasoline

* Gas Feed Stream

Gas Feed Stream

• CO from Industrial Waste Gases

• Syngas from Biomass, MSW, Reformed Natural Gas or Other Sources

• Partnering for the AtJ conversion

Novel Route to Drop in Hydrocarbon Fuels

Key Enabler: Price and Availability of Alcohol

$4m DOE award: A Hybrid Catalytic Route to Fuels from Biomass Syngas

Project Objectives: Develop a cost-effective hybrid conversion technology for catalytic upgrading of biomass-

derived syngas to jet fuel and chemicals to meet the price, quality and environmental

requirements of the aviation industry.

System Integration, Optimization and Analysis

Integration

Gasification & Syngas

Conditioning

Fermentation & Alcohol Recovery

Catalysis

Catalysis

Gasoline

Jet Fuel Diesel

Butadiene MEK

EOH

2,3BDO

Wood

Stover

Switchgrass

Improve Economics and Process Sustainability

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Sustainable Alternative Jet Fuel from Biomass and Waste Gases

LanzaTech,Inc.

SwedishBiofuels,AB

BatellePacificNorthwestDivision(PNWD)

MichiganTechnologicalUniversity

ImperiumRenewables

Alcohol-to-Jet ConversionIntegrated Process Design

Techno-economic AnalysesFeedstock Availability Study

Life Cycle Assessments

Site Evaluation

U.S.DOTVolpeNa onal

Transporta onCenter

Alcohol ProductionIntegrated Process Design

Project Management

SteeringTeam

AFRLAlaska Airlines

ATABoeingNASA

Pratt & WhitneyValero

Project Objectives:

Optimize ATJ fuel process, using steel mill off gases and lignin

Produce 100+ gallons of fully-synthetic alternative jet fuel for certification testing

Develop preliminary design, TEA and LCA for commercial-scale facility

Assess feedstock availability and potential commercial sites

Project Team:

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LT-SB SPK Sample Properties

Property ASTM

Test Method ASTM D7566

LT-SB Sample

Total Aromatics, volume % D1319 < 25 0.6

Freeze point, °C D5972 < -40 < -77

Flash point, °C D93 > 38 54

Density at 15°C, kg/L D4052 0.751 - 0.770 0.762

Heat of combustion, MJ/kg D4809 > 42.8 43.5

Hydrocarbon Type Analysis

Aromatics, volume % D6379 < 0.5 < 0.2

Aromatics, mass % D2425 < 0.5 < 0.3

Cycloparaffins, mass % D2425 < 15 8

Paraffins D2425 report 91

API Gravity at 60oF D1298 52 - 57 54.2

Olefins, % volume D1319 report 1.0

Key Properties Confirmed

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Team Work is Key to Success

Imperial College of London

Commercialization of Aviation Fuel

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2005: power generation, oil refinery, steel, cement and lime, pulp, board and paper sectors

2012: Aviation

2013: Ammonia

EU Regulatory Framework is the Starting Point to Improve Economics for Renewables Market

SU

STA

INA

BIL

ITY

FR

AM

EW

OR

K

GHG savings at least 35% (50% 2017 / 60% 2018)

No conversion of land with high carbon stock

No raw material from land with high biodiversity value

Sustainability criteria differ per sector

EU Emission Trading Scheme

EU Renewable Energy Directive

EU Fuel Quality Directive

LanzaTech Partner of EC Biofuels Flight path

aim to produce and consume 2 mln

ton py in 2020 in aviation industry

10% of all transport fuels from renewable sources in 2020

– Most MS apply only to road transport

Fuel Producers & Suppliers (Traders)

Reduction of the greenhouse gas intensity of liquid fuels by at least 6% by 31 December 2020 (part of EU RED)

Fuel Suppliers

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New ILUC proposal

A new source for renewable fuels

LanzaTech fits in European regulations:

• Our Proprietary microbe falls under Article 2(e) – ‘biodegradable fraction of industrial waste’ *

• Meets required GHG emission reductions

• No involvement in food value chain

• No ILUC or LUC

Life Cycle Assessment collaborations: • Michigan Technological University

• Tsinghua University

• Roundtable on Sustainable Biofuels

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GHG footprint is 50% of the footprint

of producing petroleum fuels

* Article 2(e) DIRECTIVE 2009/28/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

Conventional Gasoline

LanzaTech etoh

120

100

80

60

40

20

0

gC

O2 e

/MJ

Life Cycle GHG Emission

90

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Unlike many types of traditional biomass – LanzaTech expands the renewables pool

without impact on land or food.

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9

LanzaTech Global Partnerships

Creating Value through Diversification

Steel

Oil/Natural Gas

Coal

Biomass

Chemicals

Industry Partners/Projects End User/Markets

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2012 & 2013 Global Recognition

2012

MIT technology review

LanzaTech has been named as one of 10 New Energy Pioneers at the fifth annual Bloomberg New Energy Finance Summit. This award recognizes LanzaTech as a world-leader in energy innovation.

LanzaTech was named by Technology Review to the 2012 TR50, the third annual list of the world’s most innovative technology companies

Recognized as Thought Leader in Sector 21

TiE50 has named LanzaTech as one of the top Energy/CleanTech technology start up companies for 2012. TiE50 is TiE Silicon Valley’s premier annual awards program keenly contested by thousands of technology startups worldwide.

2013 LanzaTech has been selected as a World Economic Forum Technology Pioneer 2013. Recognition is for companies involved in the design, development and deployment of new technologies and hold promise of significantly impacting the way business and society operates.

Richard Pearse Award for Innovation

Excellence in the NZ Aviation Industry

LanzaTech has won the Richard Pearse Award for Innovation Excellence in the NZ Aviation Industry.

Summary

• To meet growing energy demand & stabilize atmospheric CO2 levels, there is a

need to diversify fuel pool through multiple pathways

• Emerging technologies and continuous innovation will support reaching

Europe’s renewable energy goals

• LanzaTech fits in current regulations and is removed from the food for fuel

discussion

• The LanzaTech process captures non-food, waste carbon

to produce low cost alcohols, thereby challenging traditional conceptions of

waste and energy sources

Alcohols produced via the LanzaTech process are an excellent substrate for

conversion to drop-in hydrocarbon fuels

Commercial alcohol production rates on raw industrial waste gases has been

demonstrated at scale

• Compelling volumes of waste gases world wide have potential to make

significant impact on the fuel pool

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