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Strictly private & confidential 
Masdar Capital 
1 
If we carve out a sustainable, bio based society, 
we can change the course of the world.
Strictly private & confidential 
Masdar Capital 
Why we do what we do: the trends we see on which our beliefs are built 
2 
Large scale, central production & logistics, driven by unlimited fossil resources 
Specific, on demand, biobased and local production 
Time 
Results: more efficiency; circular, renewable and safer
Strictly private & confidential 
Masdar Capital 
What we stand for: 
•a society that is not dependent on fossil fuels for energy and industrial raw materials 
•working with respect for nature: (energy and materials) without interfering in existing food supply chains, and without additional CO2 emissions 
•working with respect for humanity: united by strong personal relationships, with benefits for all parties (across the value chain). 
sustainable processing and production of chemicals, materials and fuels, from biomass and biowaste (from certified sources) 
gasification of torrefied biomass and conversion to 
bio based chemicals and fuels 
3
Strictly private & confidential 
Masdar Capital 
Biomass creates most value by conversion to (base) chemicals & plastics 
2004 
4
Strictly private & confidential 
Masdar Capital 
Bio Syngas: opportunities 
5 
Once stable gasification of torrefied biomass is proven, a wide variety of (base) chemicals, polymers and fuels can be produced. 
SYNGAS 
Fischer Tropsch 
Mixed Alcohols 
H2/CO = 1.25 
Fischer Tropsch 
Diesel 
H2/CO => 2 
Dimethylether 
(DME) 
H2/CO = 1.25 
Ethanol 
(Fermentation) 
H2/CO = < 1 
PSA/999.99 H2 
For Ammonia 
H2/CO = > 50 
Methanol 
H2/CO = 2.25 
Ethanol 
H2/CO = 2.25 
Butanol 
H2/CO = 2.25 
H2 for Fuel Cells 
H2/CO = > 50 
Business to Syngas Natural Ratio (untreated biomass): H2/CO = 1 
= with water gas shift
Strictly private & confidential 
Masdar Capital 
Torrefaction is a ‘roasting process’ that converts non-homogeneous 
biomass into a homogeneous biomass fuel, substantially improving 
its physical properties. 
Torrefaction: the basics 
Advantages 
• Caloric value close to coal(23.5 Gj/ton) 
• Homogeneous 
• Biologically inactive 
• Can be used as coal 
• Hydrophobic 
• grindability 
Disadvantages 
• Lower caloric value (17 Gj/ton) 
• Inhomogeneous 
• Biologically active 
• Cannot be used as coal 
• Hydrophilic 
TORREFACTION 
Thermochemical 
process 
at 280 – 320 °C 
in an oxygen free 
environment 
Biomass 
wood agrarian restflows … 
powder pellets 
6
Strictly private & confidential 
Masdar Capital 
7 
Key success factors 
•Secured supply of (input) biomass 
•Quality control of (torrefied) biomass 
•Price control 
Biomass 
Torrefaction 
Transport 
Gasification 
Syngas 
Applications 
Methanol -> Olefins 
Hydrogen -> Ammonia 
Diesel (Fischer Tropsch) 
SNG 
Torrefaction: our business approach 
Develop partnerships, starting upstream, to secure the value chain from biomass (supply) to gasification.
Strictly private & confidential 
Masdar Capital 
8 
Key success factors for the gasification of torrefied biomass 
•Proof of a stable and efficient operation 
•Highly efficient, low cost gasifier design (no tars, no slagging) 
•Design continuous nitrogen free gasification system that creates no tars and has no slagging 
Biomass 
Torrefaction 
Transport 
Gasification 
Syngas 
Applications 
Methanol -> Olefins 
Hydrogen -> Ammonia 
Diesel (Fischer Tropsch) 
SNG 
Gasification: our business approach 
Torrefied biomass gasifiers profit both technically and economically from the superior properties of input material.
Strictly private & confidential 
Masdar Capital 
Projects 
Boekelermeer Pilot plant 
•0.5MW demo facility 
•Non slagging gasification 
•Project partners: TAQA, Gasunie, A-Hak 
Delfzijl Commercial plant 
•25 MW commercial facility 
•With integrated 12 MW Power to Gas (Siemens) 
•H2 production for chemical industry 
•Project partners: Dutch Government, Gasunie, A-Hak 
9

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Torrgas - Erwin Eymans

  • 1. Strictly private & confidential Masdar Capital 1 If we carve out a sustainable, bio based society, we can change the course of the world.
  • 2. Strictly private & confidential Masdar Capital Why we do what we do: the trends we see on which our beliefs are built 2 Large scale, central production & logistics, driven by unlimited fossil resources Specific, on demand, biobased and local production Time Results: more efficiency; circular, renewable and safer
  • 3. Strictly private & confidential Masdar Capital What we stand for: •a society that is not dependent on fossil fuels for energy and industrial raw materials •working with respect for nature: (energy and materials) without interfering in existing food supply chains, and without additional CO2 emissions •working with respect for humanity: united by strong personal relationships, with benefits for all parties (across the value chain). sustainable processing and production of chemicals, materials and fuels, from biomass and biowaste (from certified sources) gasification of torrefied biomass and conversion to bio based chemicals and fuels 3
  • 4. Strictly private & confidential Masdar Capital Biomass creates most value by conversion to (base) chemicals & plastics 2004 4
  • 5. Strictly private & confidential Masdar Capital Bio Syngas: opportunities 5 Once stable gasification of torrefied biomass is proven, a wide variety of (base) chemicals, polymers and fuels can be produced. SYNGAS Fischer Tropsch Mixed Alcohols H2/CO = 1.25 Fischer Tropsch Diesel H2/CO => 2 Dimethylether (DME) H2/CO = 1.25 Ethanol (Fermentation) H2/CO = < 1 PSA/999.99 H2 For Ammonia H2/CO = > 50 Methanol H2/CO = 2.25 Ethanol H2/CO = 2.25 Butanol H2/CO = 2.25 H2 for Fuel Cells H2/CO = > 50 Business to Syngas Natural Ratio (untreated biomass): H2/CO = 1 = with water gas shift
  • 6. Strictly private & confidential Masdar Capital Torrefaction is a ‘roasting process’ that converts non-homogeneous biomass into a homogeneous biomass fuel, substantially improving its physical properties. Torrefaction: the basics Advantages • Caloric value close to coal(23.5 Gj/ton) • Homogeneous • Biologically inactive • Can be used as coal • Hydrophobic • grindability Disadvantages • Lower caloric value (17 Gj/ton) • Inhomogeneous • Biologically active • Cannot be used as coal • Hydrophilic TORREFACTION Thermochemical process at 280 – 320 °C in an oxygen free environment Biomass wood agrarian restflows … powder pellets 6
  • 7. Strictly private & confidential Masdar Capital 7 Key success factors •Secured supply of (input) biomass •Quality control of (torrefied) biomass •Price control Biomass Torrefaction Transport Gasification Syngas Applications Methanol -> Olefins Hydrogen -> Ammonia Diesel (Fischer Tropsch) SNG Torrefaction: our business approach Develop partnerships, starting upstream, to secure the value chain from biomass (supply) to gasification.
  • 8. Strictly private & confidential Masdar Capital 8 Key success factors for the gasification of torrefied biomass •Proof of a stable and efficient operation •Highly efficient, low cost gasifier design (no tars, no slagging) •Design continuous nitrogen free gasification system that creates no tars and has no slagging Biomass Torrefaction Transport Gasification Syngas Applications Methanol -> Olefins Hydrogen -> Ammonia Diesel (Fischer Tropsch) SNG Gasification: our business approach Torrefied biomass gasifiers profit both technically and economically from the superior properties of input material.
  • 9. Strictly private & confidential Masdar Capital Projects Boekelermeer Pilot plant •0.5MW demo facility •Non slagging gasification •Project partners: TAQA, Gasunie, A-Hak Delfzijl Commercial plant •25 MW commercial facility •With integrated 12 MW Power to Gas (Siemens) •H2 production for chemical industry •Project partners: Dutch Government, Gasunie, A-Hak 9