Turning waste into fuel

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Turning waste into fuel

• Alan Banks
• President CEO

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Who are we?
Low sulphur dioxide, no carbon dioxide
Anglo-American renewable energy company
headquartered in Fort Lauderdale and London
Build, own and operate facilities that use an
advanced gasification process to turn biomass
into biofuel
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What is our strategy in Florida

• Re-commissioning Floridas only corn-to-ethanol
  plant in Bartow, Polk County to produce 12m
  gallons of ethanol
• Co-locating a 6m gallon biomass gasification
  plant with the corn ethanol plant and integrating
  1st and 2nd generation technologies
• Expanding our biomass to ethanol production at
  Bartow to 25m gallons per year
• Looking to build another 5x 25 m gallon
  facilities in Florida using biomass crops and
  waste biomass

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First ethanol production within 12 months

Arial View of the Ethanol Facility
Distillation in Progress
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Corn supply opportunity for Florida farmers

• Bartow plant will need around 4 million bushels
  of No.2 corn annually output from around 25,000
  acres
• Florida used to grow 750,000 of corn in
  mid-1970s
• March planting with irrigation yields of
  175/225 bu/acre at cash costs of around 2/bu
• Losonoco will enter into farm contracts in
  January for 2008
• Typically pricing at the elevator is CBOT 35c.
  Losonoco pays CBOT 50c to import corn
• Losonoco is prepared to share the 85c margin with
  producers to improve price for both parties

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Losonoco intends to build a biomass gasification
plant at the Bartow facility

• Propose to build a 125 ton/day gasification
  facility producing 6 million gallons of ethanol
• Losonocos process can use a wide variety of
  residues
• Yard, agricultural and forestry residues
• Waste oils and grease
• Tires and auto fluff
• Garbage
• Waste water sludges
• First plant will be designed to use corn stover,
  citrus residues, yard and forestry waste and
  switchgrass
• Switchgrass could provide another future crop
  opportunity for Florida farmers

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The Skygas gasification process

• Can use a wide variety of co-mingled waste
  streams at up to 55 moisture content
• Produces a pure syngas with up to 90 carbon
  monoxide and hydrogen able to produce
• Ethanol
• LPG (DME)
• Ammonia
• Electricity/steam
• Low electrical load of around 350 Kw/ton
• Operates at temperatures at which dioxins and
  furfurans do not form
• Has no stack minimal air emissions
• Ash is lt5 minimal land emissions

A 125 tons/day Skygas gasification plant
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Integrating gasification into corn ethanol plants
has several advantages

• Environmentalists dont like corn ethanol for
  several reasons
• Takes land out of food production
• Corn crop has high use of fertilizers made from
  natural gas
• Ethanol plants use lots of natural gas for steam
  production
• Integrating gasification in a corn ethanol plant
  can address most of these issues, and add value
  to the business
• Uses the stover and straw, maximizing the energy
  gain per acre of land used
• Losonocos gasification process can also use the
  wet DGS
• The syngas from gasification can be used to
  produce fertilizer
• The syngas can be combusted to raise steam
• The syngas can be catalytically converted back
  into additional ethanol
• Gasification can be used to re-model and improve
  existing unviable corn ethanol plants

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Florida The next renewable energy giant?

• With new political will and abundant resources
  Florida can be the next California for renewable
  energy
• With 8.5bn gallons of fuel used each year, there
  is a clear imperative
• Bartow, in the epicentre of Florida, has an
  opportunity to become a biofuels hub
• Losonoco will start the process by building both
  1st and 2nd generation biofuel facilities
• Losonoco would like to work with Florida cities
  to make our ethanol available as E85
• Our door is open!