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® Industrial Use of Canola Oil Opportunities and Challenges Bill McNeill The Dow Chemical Company March, 2007.

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Presentation on theme: "® Industrial Use of Canola Oil Opportunities and Challenges Bill McNeill The Dow Chemical Company March, 2007."— Presentation transcript:

1 ® Industrial Use of Canola Oil Opportunities and Challenges Bill McNeill The Dow Chemical Company March, 2007

2 ® Slide 2 WCM/March 22, 2007 About Dow …  A science and technology leader with annual sales of $49 billion  Founded in 1897 by Herbert H. Dow in Midland, Michigan  Supplies more than 3,300 products to customers in 175 countries  From 156 manufacturing sites in 37 countries  Employs 43,000 people globally

3 ® Slide 3 WCM/March 22, 2007 The Dow Chemical Company

4 ® Slide 4 WCM/March 22, 2007 Serving Many Markets with Essential Solutions Food/Food Packaging 22% Personal/ Household Care 16% Building Maint/ Construction 11% Automotive/ Transportation 9% Home Care/ Improvement 10% Paper/ Publishing 7% Furniture/ Furnishings 4% Electronics/ Entertainment 3% Health 3% Water Purification 2% Hydrocarbons & Energy 12% Miscellaneous 1%

5 ® Slide 5 WCM/March 22, 2007 Strategic Themes Set the Standard for Sustainability Drive Financial Discipline and Low Cost to Serve Invest for Strategic Growth Build a People Centric Performance Culture

6 ® Slide 6 WCM/March 22, 2007 Trends Driving Renewable Feedstocks  High Cost and Volatile Hydrocarbon Feedstocks Changing The Game  Energy and Raw Material Security  Climate Change – Increasing Cost of Carbon Emissions  Sustainability – LOHAS Consumer Segment

7 ® Slide 7 WCM/March 22, 2007

8 ® Slide 8 WCM/March 22, 2007 Soy Polyols Soy Oil FAME + Glycerine (by product) Dow Technology Polyol + Isocyanate Polyurethanes

9 ® Slide 9 WCM/March 22, 2007 Control FoamSoy Foam Enhanced Whiteness Exposed Covered Better Performance Better Moisture Resistance Alternate PolyolSoy Polyol

10 ® Slide 10 WCM/March 22, 2007 Glycerine to Epichlorohydrin Seed Oil FAME + Glycerine (by product) Epichlorohydrin + BPA Epoxy Products

11 ® Slide 11 WCM/March 22, 2007 Renewable Project Risks to Manage Raw Material Supply Conversion TechnologyMarket Acceptance

12 ® Slide 12 WCM/March 22, 2007 Renewable Feedstock Options Sugar & StarchFats & OilsBiomass Refined global commodity 150 MMT ¢/lb Refined global commodity 150 MMT ¢/lb Crude Product Developing supply chain 100 Giga T

13 ® Slide 13 WCM/March 22, 2007 Conversion Technologies Gasification Fermentation Chemical Processes Syngas Alcohols Ethylene Ethanol Chemicals Polyols Epichlorohydrin Propylene Glycol Surfactants Lubricants Polymers Renewable Feedstocks

14 ® Slide 14 WCM/March 22, 2007 Market Acceptance New Products Significant Improvement in cost/performance required Customer Driven Increasing Risk and Difficulty Equivalent in Application Expanded Offering Customer Validation Now with Renewable Plastic Exact Replacements Cost saving is driver Defend against new competitors

15 ® Slide 15 WCM/March 22, 2007 Critical Issues  Business Strategy  Feedstock Availability/Cost  Various Feedstock Cost Scenarios  Drop in Replacement vs. New Product  Process Development Required  Platform vs. Single Molecule  Freedom to Practice Technology  Sustainable Differentiation

16 ® Slide 16 WCM/March 22, 2007 Chemicals from Renewable Feedstocks  Advantages  Potential Low Cost  Feedstock Diversification  Potential for Better Performance  Reduced Environmental Impact  Expanded Business Models  Growing Consumer Demand  Challenges  Complex Supply Chain  Distributed Business Model  Established Petrochemical Products  New Conversion Technologies  Coal  Cost, Cost, Cost

17 ® Slide 17 WCM/March 22, 2007  150 MM Lbs PLA expansion vs. 19 Billion Lbs PE new capacity  20 MM Lbs Soy Polyols vs. 12 Billion lbs of PO produced per year  150,000 MT Glycerin-Based EPI Vs. 1,400,000 MT capacity 8th annual Bioplastics Conference, 6-7 Dec 2006, Frankfurt by % of petroleum based plastics will be replaced with bioplastics, by the percentage could be % – global capacity for bioplastic increases from 360,000 to 600,000 t/yr It Will Take Time - Changing the Game …

18 ® Slide 18 WCM/March 22, 2007 Changing the Game …  Now  First generation biofuels  PDO  PLA polymers  1 – 5 years  By-product glycerin to chemicals  Seed oil-based Polyols  Ethanol to olefins  PHA, PHB polymers  Butanol, Succinic Acid from sugar  Years  Second Generation Biofuels  Bio-refineries, industrial chemicals  Bio Engineered crops for chemicals

19 WCM/March 22, 2007WCM/March 22, 2007 Page 19 ® Thank you! Questions.


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