David Anton, Cellana

17 Pages·2017·3.17 MB·English

by  Martin Sabarsky

Sustainable Nutrition from Marine
Microalgae – the Next Production Ag
Platform
July 25, 2017
David Anton, COO
Page 1 © Cellana 2017
Global issues for feedstocks:
hunger, nutrition, climate change, and water
“Some 795 million people in the world do not have enough food to
Hunger lead a healthy, active life. That's about one in nine people on earth.”
State of Food Insecurity in the World, FAO, 2015
“Poor nutrition causes nearly half (45%) of deaths in children under
Nutrition
five - 3.1 million children each year.”
Series on Maternal and Child Nutrition, The Lancet, 2013
“For governments looking for shortcuts to sustainable development,
algal feedstock manages to satisfy the competing imperatives
of food security and climate mitigation by reducing resource
Climate Change
burdens while commodifying CO . On large scales, this establishes
2
the conditions for cascading greenhouse emissions savings and a
return to preindustrial atmospheric carbon concentrations."
New feed sources key to ambitious climate targets, Walsh et al., Carbon
Balance and Management (2015)
Page 2 © Cellana 2017
Algae – superior advantages
• Rapid Growth
Microalgae are the earth’s most productive plants –– 10 to15 times more
prolific in biomass than the fastest growing land plant.
• Lower land footprint
Compared to growing sugar or starch crops (sugar cane, sugar beets, corn,
wheat, grains), or oilseed crops (soybeans, rapeseed and canola, mustard,
camelina, safflower, sunflower, and jatropha).
• Lower carbon footprint
Compared to petroleum, fish-based feeds, fish-based Omega-3s, or
fermentation-based fuels and nutrition products. Consumes CO , so it is one of
2
the best carbon capture and use solutions.
• Lower fresh water footprint
Compared to growing terrestrial crops or producing fermentation-based
products.
• Processing of microalgae is less complicated
Due to algae’s small cell size and lack of lignocellulose.
Page 3 © Cellana 2017
Multi-product feedstocks are the rule – not the
exception – for both biofuels and fossil fuels….
Starch (HFCS, ethanol)
DDGs (animal feed)
Industrial Corn Oil (misc.)
Corn
Soy oil (food, biodiesel,
chemicals)
Soy meal (food, animal
feed)
Soybean
Algal crude oil (fuels)
Omega-3 oils (nutraceuticals)
Algal meal (animal feed,
food)
Petroleum
Algae
Page 4 © Cellana 2017
Algal Diversity & Composition
● The biochemical composition of microalgae is highly
variable, and dependent upon species and environmental
parameters (growth irradiance and nutrient concentrations)
Proteins: 20-60 Wt %
Lipids: 15-60 Wt %
Nucleic acids: 2-3 Wt %
Carbohydrates: 10-50 Wt%
Page 5 © Cellana 2017
Algae production at commercial scale today
Kona Facility
• Produced > 15,000 kg of
microalgae since 2010
• Successful production of Omega-
3s and feed for trials
• Commercial relationships
• Over $70 million in gross assets and
R&D developed through non-dilutive
capital
• 7+ years of product development,
process optimization, and
commercial trials
• First whole algae products launching
in 2017
Page 6 © Cellana 2017
Proprietary ALDUO™ Technology Enables Cost Effective Productivity :
Semi-sterile PBRs (in continuous mode) Inoculate Open Ponds (operated in batch mode)
High
100% PBRs
Cost
100% Open Ponds
Low
Low Risk of Contamination High
Covered by US Patents 7,770,322 & 5,541,056; similar Patents/Patents pending in RoW
Page 7 © Cellana 2017
Hawaii-based microalgae production
for nutrition and specialty markets
Health –
Vegan Omega-3s for heart and brain function/health
Nutrition –
Protein to feed the growing global demand
Environment – Sustainable agriculture through
• Reductions of greenhouse gases and
• Conservation of land, water, & fisheries;
• Crude oil co-product can replace petroleum
Whole algae enriched
with Omega-3s & protein
EPA Vegan Protein Aquaculture BioCrude oil
(w/ Omega-3s) Feed
Omega-3 oil
Page 8 © Cellana 2017
Cellana’s Business-to-Business, Biorefinery Model
Seawater
CO Sunlight
2 Nutrients
High-Value High-Value
Renewable Hatchery
Inks Feed
4% Omega-3
23% Crude Oil
73% High
Protein Nutraceuticals
Select Grow in Grow in Harvest Whole Meal
Omega-3
Non- Photo- Open Algae Algae
Nutraceuticals
GMO, bioreactors Ponds
Algae Closed Open
Strain System System
Algae Oils
Contamination- Economical
minimized batch
Biocrude
monocultures processing
Fractionate
Algae
US Patent 7,770,322; Protein Meal
US Patent 5,541,056 Vegan
Aquaculture
Protein
Feed
Page 9 © Cellana 2017
Large and diverse addressable markets
• DHA, EPA, & ALA Omega-3s
• $18 billion by 2020 with CAGR of 13.8%
• 1% of 2015 EPA/DHA production = 6,000+ tons of Cellana Algae
Omega-3
Biomass with $100 million+ Revenue Potential. No danger of
Nutraceuticals
market saturation
• Protein ingredients for human and animal nutrition
• $39 billion market estimate by 2020
Vegan
Protein
• Sustainable inks and functional fluids
• $5 billion+ market estimate
• Veryhigh-margin sales
Sustainable
Inks
Page 10 © Cellana 2017