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Mitch Mandich, CEO Range Fuels, Inc.. 1 1 1.A Proven Conversion Process 2.An Abundant, Sustainable and Cost Effective Supply of Feedstock 3.Accessible.

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Presentation on theme: "Mitch Mandich, CEO Range Fuels, Inc.. 1 1 1.A Proven Conversion Process 2.An Abundant, Sustainable and Cost Effective Supply of Feedstock 3.Accessible."— Presentation transcript:

1 Mitch Mandich, CEO Range Fuels, Inc.

2 1 1 1.A Proven Conversion Process 2.An Abundant, Sustainable and Cost Effective Supply of Feedstock 3.Accessible Biofuels Markets 4.Legislative and Regulatory Support & Clarity 5.A Sustainable System Making Advanced Biofuels a reality – Five key ingredients:

3 2 2 A Proven Conversion Process >>> FLEXIBILITY

4 3 3 K2A Optimization Plant, Denver Colorado

5 4 4 The Right Location

6 5 5 Current Status Soperton, GA

7 6 6 1.A Proven Conversion Process 2.An Abundant, Sustainable and Cost Effective Supply of Feedstock 3.Accessible Biofuels Markets 4.Legislative and Regulatory Support & Clarity 5.Sustainability Advanced Biofuels – The Path to Success

8 7 7  The Technology can utilize: i.Tops and limbs (slash) ii.Understory iii.Pre-commercial thinnings iv.Urban debris  What is the “excess” that can be collected and delivered? i.What’s really out there - slash and understory (pine vs. hardwood stands) ii.Collection and transportation costs will determine what is viable iii.Best Management Practices will be scrutinized Feedstock >>> Abundant means Available

9 8 8 oToday – Existing Forestry Resources  Pulpwood  Fuel chips  Mill residuals oPhase II – Getting more out of what’s there :  In forest residue and un-merchantable timber  Pre-commercial thinnings oPhase III – New Sources of Renewable Biomass:  Purpose grown trees and energy crops  In-woods moisture management Feedstock >>> The Evolution of Renewable Biomass

10 9 9 Feedstock Supply – Putting the Pieces Together A reliable Advanced Biofuels market for the Feedstock Practical Regulation in support of Sustainability A stable and profitable Logging community Motivated Landowners

11 10 1.A Proven Conversion Process 2.An Abundant, Sustainable and Cost Effective Supply of Feedstock 3.Accessible Biofuels Markets 4.Legislative and Regulatory Support & Clarity 5.Sustainability Advanced Biofuels – The Path to Success

12 11 Higher blends ―Testing indicates +20% is achievable in existing vehicles Wider distribution ―Only 1,651 E85 stations in the United States ―More Flex Fuel vehicles in high mileage cars Accessible Biofuels Markets >>> What Do We Need?

13 12 1.A Proven Conversion Process 2.An Abundant, Sustainable and Cost Effective Supply of Feedstock 3.Accessible Biofuels Markets 4.Legislative and Regulatory Support & Clarity 5.Sustainability Advanced Biofuels – The Path to Success

14 13 Legislative and Regulatory Support 2007 Energy Independence and Security Act The RFS is critical to create and support a market The definition of Renewable Biomass needs to be inclusive, not exclusive

15 14 $1.01 per gallon cellulosic Biofuels tax credit $0.56 for cellulosic ethanol $1.01 for methanol Title IX – Energy Programs (key provisions for Advanced Biofuels producers) ―Biorefinery Assistance Loan guarantees – up to $250 million Grants – up to 50% of project costs ―Biomass Crop Assistance Program Provides financial assistance to growers transitioning to renewable biomass for use by biomass conversion facilities FOOD, CONSERVATION, AND ENERGY ACT 0F 2008 Legislative and Regulatory Support

16 15 1.A Proven Conversion Process 2.An Abundant, Sustainable and Cost Effective Supply of Feedstock 3.Accessible Biofuels Markets 4.Legislative and Regulatory Support & Clarity 5.Sustainability Advanced Biofuels – The Path to Success

17 16 Sustainable development marries two important themes: that environmental protection does not preclude economic development and that economic development must be ecologically viable now and in the long run. “Meeting the needs of the present without compromising the ability of future generations to meet their own needs.“ 1 Sustainability >>> What is it? 1 The World Commission on Environment and Development – The Brundtland Report Improving the Energy Balance Reducing the impacts of GHG Reducing the use of water

18 17 Sustainability >>> Improving the Net Energy Balance Sources: Argonne National Laboratory, "Energy and Greenhouse Gas Emissions Impacts of Fuel Ethanol" Presentation, August 23, 2005, and the Brazilian Reference Center on Biomass, "Brazilian Sugarcane Ethanol: Lessons Learned" Presentation, December 2005.

19 18 Sustainability >>> While reducing GHG Emissions Source: Argonne National Laboratory, "Energy and Greenhouse Gas Emissions Impacts of Fuel Ethanol" Presentation, August 23, GHG emission reductions per gallon of ethanol to displace an energy-equivalent amount of gasoline

20 19 1.A Proven Conversion Process 2.An Abundant, Sustainable and Cost Effective Supply of Feedstock 3.Accessible Biofuels Markets 4.Legislative and Regulatory Support & Clarity 5.A Sustainable System Making Advanced Biofuels a reality – Five key ingredients:


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