6. Output of the Polyflow Process Mixed Polymer Waste Stream 35% Valuable Aromatics 65% Gas & Diesel These are burned to continue fueling the process 69% PyGas 13% Char 18% Off Gas
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10. Why have other technologies struggled? Cost of Raw Material Delivered Value of End Product Create Electricity Waste Disposal Low Yield High Conv Cost Expensive Catalysts Emissions Cleaning Excess Sorting Need For Clean Material LimitedLocal Supply Only Handles A Few Plastics High Labor Cost Profit Losses $
11. Why is Polyflow Different? Cost of Raw Material Delivered Value of End Product Dirty Plastics Ample Local Supply Mixed Plastics Low Energy Needs No Hazard. Waste Petro Chem. Prod. Profit Losses High Yield No Catalysts $
13. Business Model – Basic Premise Polyflow Starts with a Compelling Cost Advantage Fuel Market Economics Polyflow produces high value commodity materials from low cost raw materials available in excess, locally
Aromatic compounds are important in industry. Key aromatic hydrocarbons of commercial interest are benzene, toluene, ortho -xylene and para -xylene. About 35 million tonnes are produced worldwide every year. They are extracted from complex mixtures obtained by the refining of oil or by distillation of coal tar, and are used to produce a range of important chemicals and polymers, including styrene, phenol, aniline, polyester and nylon.
Because of their utility, plastics, over the last 40 years, have been a boon to the growth of our economy. Today the hydrocarbon to make these plastics comes from crude oil and natural gas. Polyflow is commercializing a technology to derive that hydrocarbon from the waste plastics themselves. US statistics 2007 (US Energy Information Administration June 16, 2008) Oil and gas liquids production 8,487,400 barrels/day Consumption 20,697,530 barrels/day Imports 12,210,130 barrels/day Refinery Capacity 17,397,000 barrels/day Proved Reserves 21,757,000,000,000 barrels *http://www.epa.gov/epaoswer/non-hw/muncpl/pubs/06data.pdf Tables 2 and 3, respectively US EPA 2006 study of Municipal Solid Waste indicates: Only 6.9 wt% of plastics are recycled*. 16.2 wt% of material going to landfills is plastic*. Plastic occupies over 30 % of landfill volume. $52,880,835,000/yr at $100/barrel used in polymer production (This equates to $39,660MM at $75/barrel At 93% landfilled $49,179,176,550 opportunity
A low cost feedstock available in excess and a high value product in strong demand make a compelling business model. Polyflow’s production costs are about 10% higher than the major petrochemical companies making the same products but enjoys a $800/ton raw material advantage at $117 per barrel crude oil pricing from November 2008. ($510/ton at $75 per barrel) Additionally, these raw materials are available locally and at stable costs. Polyflow’s products are commodities. A $6BB market for styrene exists today in the US alone. One major petrochemical company has a stated serious interest in investing in Polyflow and buying the first 5 plants. Their stated goal is the stably priced, local supply of raw materials for their plastics manufacturing plants.
The Polyflow patents have been filed in the US and through the PCT, around the world. The first patent on the Polyflow processor issued in the US in March 2008. Process patents are pending and most are now in examination. The patents applications are a basic chemistry patent and broadly cover the conversion of mixed polymer waste into aromatic chemicals, the equipment necessary for the process and the operating conditions for success.
Polyflow Process is a high temperature anaerobic de-polymerization and chemical reaction. Self contained and environmentally sound. Polyflow Plant #1 concept: 3 plant sections 1. transfer station feed end 2. 8 Polyflow processors 3. Petrochemical refinery Capacity of an eight processor plant: 150,000 tons/yr feed 102,000 tons/yr product 35% of product is styrene and its precursors. Build plant #1 with a single processor and expand to eight processors over the next two years. Char and light off-gas is used as fuel. Plant requires about 10% supplemental fuel for startup. Distillations and extractions are off the shelf technologies but will require equipment sized to Polyflow.