1. World Waste to Energy City Summit – May 2015
Vincent Chornet
President and CEO
Enerkem biorefineries: setting a new global standard in biofuels, chemicals and waste management

2. Enerkem at a glance
MSW-based biofuels and renewable chemicals producer
World’s first full-scale commercial MSW biorefinery beginning operations in Edmonton, Alberta
300 million invested to date to move from R&D to commercial stage
200 employees
New alternative to landfilling and incineration

3. ENERKEM ALBERTA BIOFUELS
World’s first commercial MSW-to-biofuels and chemicals facility inaugurated June 4th 2014
ENERKEM ALBERTA BIOFUELS
Capacity: 38 million litres per year (i.e. 1 X standard Enerkem system)
Feedstock: Municipal solid waste (household garbage from City of Edmonton) 100,000 dry tonnes per year
Products: Biomethanol, cellulosic ethanol

4. Not skipping steps: an essential
Modular commercial Biorefineries
WESTBURY FACILITY
x 2
University of SHERBROOKE
pilot
x 2
SHERBROOKE
x 3
Laboratory
Pilot
Syngas Demo
Methanol Demo
Ethanol Demo
Full-scale commercial production
Piloting began in 2003
Tested over 20 types of waste feedstock
Industrial demo facility producing syngas, biomethanol and advanced ethanol
Accumulated over 11,700 hours of operations in campaign

5. Cost-competitive and sustainable ACT solution
MLPY
Municipality:
Supplies 100, ,000 tons of MSW per year (long-term contract)
Pays tipping fee – attractive compared to status quo
Suggests sites
Enerkem:
Invests approx. $100M to build, own and operate the biorefinery
Converts RDF into 38 to 152 MLPY of biofuels/biochemicals
Works with the city to optimize MSW sorting into commodities and for site selection
Manages business risks incl. sale of final product
Creates high-quality jobs:
600 direct/indirect during construction
150 direct/indirect (permanent) during operation (for 1 X standard Enerkem system of 10 MGY)
Generates $C65M/year in net economic benefits in the region (for 1 X standard Enerkem system of 10 MGY)

6. Comparison with incineration
Enerkem
Incineration
Where does the carbon go?
Biofuels and chemicals (replacing oil)
Smokestack emits CO2
Finality
Chemical recycling of carbon into alcohols
Waste elimination
Technology
Partial oxidation
Reforming
Catalytic conversion
Mass combustion
CAPEX for equivalent plant EBITDA*
$225M
$425M
Primary revenue source
Sale of liquid fuels and chemicals
Sale of waste disposal service and electricity
Break-even tipping fee
Power generation: ½ the tipping fee
Fuels and chemicals: less than ½ the tipping fee
Greater than $80/mt
* For processing 500,000 mt/year unsorted MSW

7.  City of Edmonton’s Integrated Waste Management Centre Recycled  20%
Composted  40%
Biofuels  30%
Landfill  10% 
Waste diversion = 90%

8. Large market potential
BIOFUELS: US$ 98 BILLION
REN. CHEMICALS: US$ 57 BILLION
Sources: World Bank, 2012; Statista 2015; MarketsandMarkets

9. Business model
Moving beyond BOO model  licensing and equipment supply
Modular manufacturing approach enabling global expansion
43 pre-fabricated modules for standard facility (e.g. Edmonton):
15 process-driven modules
28 structural modules

10. Target growth areas for global partnerships
Strategic partnerships with leading industrial groups
Selection based on market attractiveness:
public policies
tipping fees
proximity to petrochemical infrastructure
population
City clusters:
North America:
L.A. - San Francisco - San Diego - Stockton - Sacramento
New York - Washington - Philadelphia - Harrisburg
Seattle - Portland - Vancouver
Montreal - Ottawa
Edmonton - Calgary
Toronto - Detroit - Cleveland - Buffalo
Chicago - Indianapolis
Europe:
Paris - Lille - Antwerp - Brussels - Cologne / Dusseldorf - Frankfurt - Rotterdam - Amsterdam
London - Southampton - Manchester - Leeds - Sheffield - Liverpool - Nottingham - Birmingham
Manneheim - Stuttgart - Munich - Nuremberg
Milan - Turin - Lyon - Marseille
Budapest - Vienna
Barcelona – Valencia
Sevilla - Málaga
Rome - Naples
Warsaw - Katowice
Istanbul – Ankara
Asia:
Shenyang - Anshan - Changchun - Harbin
Shijiazhuang - Tientsin - Beijing - Jinan - Zibo
Nanking - Shanghai - Xuzhou - Hangzhou - Hofei
Tokyo - Osaka - Nagoya - Hamamatsu
Okayama - Kitakyushu - Hiroshima - Fukuoka
Pusan - Taegu - Ulsan - Seoul - Changwon – Taejon
Middle East:
Riyadh - Damman - Bahrain - Doha - Dubai - Abu Dhabi

11. Vincent Chornet
President and CEO