Next Gen Biofuels

Milken Institute

Rentech, Inc.
April 30, 2008
Crude Oil Price, 2005 $/bbl
Opportunities Remain over Next Two Decades

80 36 billion gallons/year
80
alternative fuels by 2022
70 70

60
14 billion?
60 50
XTL Fuels
40
50 30

20
40 2 billion 1st gen. biodiesel
10

0
30 5 billion cellulosic
04

05

06

07

08

09

10

11

12

13

14

15

16

17

18

19

20
ethanol
20

20

20

20

20

20

20

20

20

20

20

20

20

20

20

20

20
20

10 15 billion corn ethanol

0

04 06 08 10 12 14 16 18 20 22 24 26 28 30

The Energy Independence and Security Act of 2007

Forecast source: EIA
 The Rentech Process
Municipal
Waste
Syngas

Converted Hydrocarbons
Biomass
Gasification

Diesel
Rentech Process Upgrading Jet
Pet Coke Chemicals

Coal
CO2 Capture Ready
 Types of Biomass

Urban Rural
• Municipal solid waste • Agricultural waste
• Green waste • Purpose grown
• Construction and demolition • Forestry waste
• Sludge • Bagasse
 Challenges of Biomass
Cumulative Annual U.S. Feedstock Availability

• Availability

(Millions of Tons)
• Transportation

• Energy content

Transportation Cost for Corn Stover

• Gasification systems Transport Cost ($/dry ton) 14.00

12.00
10.00
8.00
• Costs
6.00
4.00
2.00
0.00
0 10 20 30 40 50 60 70 80
Hauling Distance (Miles)

Source: Oak Ridge National Laboratory

Product Demonstration Unit
Sand Creek, Colorado
• First fully-integrated synthetic
fuels demonstration facility

• Produce ultra-clean diesel,

aviation fuels and naphtha

• Training center for operators

• Feedstock testing
– Natural Gas
– Biomass
– Petroleum coke
– Coal

• Technology advancement

• First jet fuel production expected

in June 2008
Ultra-Clean Fuel
• High Performance
• Higher cetane index improves engine
performance

• Existing infrastructure
• Today’s pipelines
• Today’s engines

• Environmentally superior fuel

• Significant emissions reduction
• Exceeds global sulfur and aromatics
requirements

• Storage stability
• Long shelf life (≥ 8 years)

• Biodegradable