Macro Algae Based

Ethanol
Green Gold Algae and Seaweed Sciences Inc.
(GGASS)
Alex Harel - CEO

March 2009
 Mission Statement
Become a world leader in providing
3nd generation ethanol biomass,
based on proprietary technology for
growing macro algae in scalable, on-
land, seawater ponds, which was
developed in Israel for over 15 years
of work and research on macro algae

2
March 2009
 Who Are We ?

Seaweed Bio-Technology
Incorporated
NY
Investors

100%

Green Gold Algae and

Seaweed Sciences Inc.
NY, ISRAEL

3
March 2009
 What Do We Do?
Cultivate macro-algae in land-based,
scalable open ponds

Use macro algae for 3nd generation

biomass for ethanol

Biological capturing of CO2 using macro

algae

4
March 2009
 Ethanol – The Opportunity
• Fast-growing biofuel market
• The most commonly used biofuel
• Current ethanol supply is based almost
completely on food feedstock

Ethanol Supply Projections

Year
5
March 2009
 Why Macro Algae?
• Optimal source for 2nd generation ethanol biomass
• High content of Carbohydrate/Polysaccharide (up to 60%)
• High growing yields (40 to 60 ton of dry biomass per acre
per year)
• No use of food resources (agriculture land and fresh
water) and no effect on food prices
• Consumes large amounts of CO2 (2-5 kg of CO2 per 1 kg of
dry biomass) – carbon credit opportunity
• Easy to process cellulose
Gal/Acre/Yr
Crop of Biofuel
Soybean 48
Corn 350
Sugar Cane 620
Sugar Beets 700
Switchgrass 1,100
Macro Algae 5,100

6
March 2009
 GGASS Uniqueness
• 1st in the world to use pond’s growing macro algae for
ethanol

• World renown scientific team

• Over 15 years of proven experience in growing macro

algae

• Proprietary technology and know-how; patents

7
March 2009
 Technology & Systems

Cultivation Fermentation Distribution

• Using different seaweed species

• Using integrated cultivation systems

• Use of CO2 emission to boost the seaweeds growing

• Develop separation and fermentation process for macro algae

• Utilization of cellulosic components

8
March 2009
 Macro Algae Ethanol Project

• 3 years to achieve commercialization –

production of ethanol at price competitive to
gasoline
• Objectives:
– Reduce the cost of growing of 1 kg of macro algae
from $1.5 to $0.3-0.5
– Optimize the fermentation process to macro algae
– Built a commercial pilot site
• Years 1 and 2 focusing on:
– Cultivation and system optimization
– Separation and fermentation process development and
validation
• Year 3 – building commercial pilot site

9
March 2009
 The Team
• Management
• Richard Serbin - President and CEO of SBTI and
current Chairman of GGASS
Served as executive in Schering-Plough, Revlon, and Johnson &
Johnson
• Alex Harel - CEO of GGASS
Founded and managed several starts-up companies in Israel
• Advisory Board
• Prof. Ami Ben-Amotz
• Prof. Michael Friedlander
Both are world known algae scientist
• To be recruited
• Leading executive from the energy industry as chairman

10
March 2009
 Business Model
GGASS revenues
Technology license
Installation & service fees
Royalties

Revenues from each 100 acres site:

1 million USD license fees
~$500-750,000 yearly royalties

10 sites will generate:

10 millions USD license fees
5-7.5 million USD annual royalties

11
March 2009
 Business Model
100 Acres site main figures:
>6,000 ton dry seaweed per year (~1 million gallon)
 Capital investment - ~10 million USD
Revenues sources:
Biomass for ethanol
Carbon credit
Biomass for animal food and organic fertilizer (SBTI)
~ 10 million USD annual revenues
~ 3-4 million USD annual profit
 IRR ~16-18%
Preferable site locations:
Near sea, ocean or brackish water supply
Adjacent to power plan, refinery, fermentation facility, etc.

12
March 2009
 Investment Highlights

Required budget – 6-7 million USD

2.5 millions USD in equity investment now
2.5 millions USD in equity investment after 18 months
(depends on grants received)
1-2 million from grants, co-operation and strategic
partners

13
March 2009
 14
March 2009