Petrochemical Technology Renaissance Seminar

Natural Gas to Ethylene

Siluria Technologies
409 Illinois Street
San Francisco, California
USA

Siluria Technologies Confidential Slide 1

 Breakthrough Technology to Convert Multi-Billion Dollar Opportunities
Natural Gas to Liquids or Petrochemicals Across the Hydrocarbon Value Chain
Today’s Focus is Ethylene

Breakthrough Technology Business Areas

Inputs Proprietary Technologies Products

Methane
Oxidative Coupling of Midstream Gas Processing Small-Scale and
Methane to Ethylene Ethylene Industry World-Scale Ethylene
(via purification)
(OCM)

Ethane Ethylene to Liquids Gasoline

(optional) (OCM + ETL) (via reactive
separation) Distributed-Scale Large-Scale
Gas Monetization Gas Monetization

Protected with an IP portfolio of >90 granted or pending patents and

patent applications in the U.S. and internationally

Siluria Technologies Confidential Slide 2

 Two Proprietary Technologies With Multiple Applications
Across the Energy and Petrochemical Industries

Today’s Focus
Purification/Se Ethylene and Associated
Products
parations

Natural Gas
OCM
Inputs

(Methane & Ethane)

(oxidative coupling
of methane)
O2 Source

Gasoline (RBOB)
TM
ETL x Aromatic Chemicals
(ethylene to liquids)
Distillates (diesel/jet)

ETL process can selectively

produce any one of these
liquid products

Siluria Technologies Confidential Slide 3

Success required performance across a wide spectrum
Siluria has succeeded where others have not
Technically &
Economically
3.5 viable envelope

3
Viable
2.5

2
Others
1.5
Siluria
1

0.5

0
Conversion Selectivity Catalyst Activity Operating Catalyst
Example Performance Metrics Conditions Life/Scaling

Siluria Technologies Confidential Slide 4

A Key Aspect of Siluria’s Development Process:
Constraining Catalyst Innovation to Conventional Process Conditions

Siluria’s first generation of commercial OCM features:

• Fixed bed axial reactor design
• Conventional scale-up techniques
• Conventional geometry
• Conventional metallurgy OCM Reaction
Section
• Conventional catalyst loading/unloading procedures

Ethane Conversion
Section

Siluria Technologies Confidential Slide 5

 Successful Scale-Up of OCM Catalyst

OCM Catalyst Scale-Up

7 • Proprietary catalyst recipe has been successfully
Demonstration unit
6 catalyst production transferred to commercial catalyst producers
both in-house and
Catalyst Scale-up

5 partner produced
already
• Performance replicated from batches of catalyst >100kg
4
3 • In-house catalyst manufacturing already capable of
supplying demonstration unit facility
2
1
0
100 Kg Batches
0.001 Kg Batches

1 Kg Batches

1000 Kg Batches (Commercial)

0.1 Kg Batches

10 Kg Batches

Siluria Technologies Confidential Slide 6

 Process Demonstration and Pathway to Ethylene Market
Through Operating and EPC Partnerships

Demonstration Plant with Technology Licensing

Operating Partner Braskem: and EPC Partner:
6
Partner will provide full
5 process licensing package
with performance
guarantees for:
OCM Scale-Up

4
• Stand-alone OCM
Data • OCM Retrofits into
3
Existing Crackers

2
Multiple Pilots
Operational for
1 Two Years

~72ft
0
Lab Scale Pilot Commercial
Plant

Series 1

Siluria Technologies Confidential Slide 7

 Siluria 1000kTA OCM Process Configuration
• OCM (Reactor & Heat Recovery)
– Converts methane and ethane into
ethylene
• PGC (P.G. Compressor)
– Delivers process gas to recovery and Methane Recycle
separations MET
• Pre-Treatment
C1 recycle
– Removes CO2 and H2O Purge Gas Ethane Recycle
• Separations
– Separates recycle streams (C1 and C2) CO2
from products (C2= and C3+)
• MET (Methanator)
– Reacts CO and CO2 with H2 to form CH4 ASU + Pre-
OCM PGC Seps Ethylene
GTCC Oxygen Treat
• ASU + GTCC (Gas Turbine Combined Cycle)
– Supply O2 to the plant and it is fueled
with the purge gas OCM Only C3+ Mix
Overall Process

ETHANE

NG

Siluria Technologies Confidential Slide 8

Key Proprietary Process & Technology Features

OCM • Technically and commercially viable catalytic conversion

Reaction of methane and ethane to ethylene
System • Proprietary catalyst/reactor system

• Recovery of combustion by-products (CO and CO2) via

Methanation reaction with H2 produced in reactor
• Unique integration within OCM process

Product • Process design optimized for OCM effluent composition

Separation & • Unique demethanizer process design for proper heat and
Recovery material integration

Siluria Technologies Confidential Slide 9

Key Performance Technical & Economic Metrics
World Scale First Generation OCM Deployment

OCM Ethane
Cracker (1)
Inputs
Nat. Gas Feed (SCF/MT of C2=) 84,000 23,700
Ethane Feed (gal/MT of C2=) 179 955
Specific Energy/Feedstock Consumption
Nat. gas Specific Consumption 78 22
(MMBtu/MT of C2=)
Ethane Specific Consumption 11 59
(MMBtu/MT of C2=)
(1) IHS 2013 Ethylene Cost Curve Service
Notional Specific Capital Cost
(2) Based on recent project announcements
CapEx ($/MTcap) 1,500 – 2,200 1,800 – 3,000
(2)
Siluria Technologies Confidential Slide 10
 OCM Advantages Over Existing Options Can Be Very Substantial
World Scale (1000MT/yr) Ethylene Production Small Scale (75kT/yr) Ethylene Production

Cracker Cash Cost + Capital Charge ($/MT)

Annual Margin ($MM/Yr, 75kTA)
OCM Cash Cost + Capital Charge ($/MT)
Cummulative Margin ($MM, 75kTA)
Cumulative Advantage ($MM)
$1,400 $700 $80 $250

Cumulative Margin ($MM)

Cumulative Advantage Over Ethane Cracking
$1,200 $600 $70

Annual Margin ($MM)

Cash Cost + Capital Charge

$200
$60
$1,000 $500

$50
($/MT C2=)

$150
$800 $400
$40

($MM)
$600 $300
$100
$30
$400 $200
$20
$50
$200 $100
$10

$- $- $0 $0
2009 2010 2011 2012 2009 2010 2011 2012

Based on Four Year Look-Back Commodity Pricing from Bloomberg Monthly Average on US Gulf Coast Basis (2009 through 2012)
Ethylene Cash Cost Model Based on IHS Ethylene Cash Cost Service. Ethylene Value is based on Spot Pricing

Siluria Technologies Confidential Slide 11

 Conclusions
Siluria’s OCM breakthrough is a platform technology from which we are addressing
multiple markets:

Small-Scale and Midstream Gas Processing Distributed-Scale Large-Scale

World-Scale Ethylene Industry Gas Monetization Gas Monetization

• Improving economics and feedstock flexibility for world scale ethylene producers:
• Joint development with a world-leading EPC/Licensor to co-license and
guarantee new world scale plants and retrofits of existing crackers for feedstock
flexibility and/or capacity expansion
• Enabling on-site ethylene generation for merchant buyers:
• Actively engaged in a number of feasibility studies for first commercial projects

Siluria Technologies Confidential Slide 12

 Petrochemical Technology Renaissance Seminar

Thank you!
Please address all inquiries to:
Guido Radaelli - guido@siluriatech.com

Siluria Technologies
409 Illinois Street
San Francisco, California
USA

Siluria Technologies Confidential Slide 13