Mi Ken Conference 08
Mi Ken Conference 08
Mi Ken Conference 08
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
04 06 08 10 12 14 16 18 20 22 24 26 28 30
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
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)
• Feedstock testing
– Natural Gas
– Biomass
– Petroleum coke
– Coal
• Technology advancement
• Existing infrastructure
• Today’s pipelines
• Today’s engines
• Storage stability
• Long shelf life (≥ 8 years)
• Biodegradable