1 / 15

EIB Funding for RTD Sustainable Chemistry Needs & Examples

EIB Funding for RTD Sustainable Chemistry Needs & Examples. ETP Industrial Leaders Meeting Brussels - 17 th October 2006 Russel Mills – Dow Europe. Overview. Funding Strategies & Goals from SRA & IAP 2 Project Examples “Factories of the Future” “Homes of the Future”.

simeon
Download Presentation

EIB Funding for RTD Sustainable Chemistry Needs & Examples

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. EIB Funding for RTDSustainable Chemistry Needs & Examples ETP Industrial Leaders Meeting Brussels - 17th October 2006 Russel Mills – Dow Europe

  2. Overview • Funding Strategies & Goals from SRA & IAP • 2 Project Examples • “Factories of the Future” • “Homes of the Future” “Factories” simpler to finance, but “Homes” larger € + Background info for inter ETP follow up European Investment Bank seminar with European Technology Platforms – 17th October 2006

  3. Funding Strategy & Goals • Our stakeholders are diverse (the “Chemistry using industries”) • but share common sustainability goals • We are the current global leader • future EU leadership in “Sustainable Chemistry” relies on making broad range of technologies more sustainable • Start with a broad based funding strategy • illustrate SusChem “added value” via higher visibility projects Sustainable Chemistry: invisible enabling element in product innovations European Investment Bank seminar with European Technology Platforms – 17th October 2006

  4. Funding Strategy & Goals • IAP financing needs based on bottom up project reviews • first draft IAP endorsed at Budapest stakeholder meeting (Aug 06) • End 08 appraisal/revision to clarify alternatives (JTI or broad) • For FP7 theme, typical annual funding target ~ 50 Mn € • but combining themes, country programmes and industry contributions annual figure reaches ~ 1.5 Bn € • Varying SusChem roles to support participating stakeholders European Investment Bank seminar with European Technology Platforms – 17th October 2006

  5. Funding Facilitation Roles for 2007 Large Corporates • Multinationals innovating in Europe participate in SusChem • Typical interests: • Off balance sheet funding models for riskier consortia • Funding top ups to make “sustainability add-ons” viable Small & Mid caps • Substantive variation in regional needs • Initial focus on alerts and best practice sharing SMEs • Outreach programme plan via National Suschem Platforms, MSMG & federation network (offices in all EU countries) European Investment Bank seminar with European Technology Platforms – 17th October 2006

  6. Example Projects & Needs • (Bio) Factories of the Future • Pilot Plants & Demonstration Units (accelerate scale up) • Sustainability add-ons • Bio-refineries: add sufficient value (versus burning waste) to minimise subsidies • (Smart Energy) Homes of the Future • Portfolio of end product innovations (dependent on chemistry) to develop scaleable business models • revenues from licensing, cost reductions via shared demonstration, LTCs and regional development rights European Investment Bank seminar with European Technology Platforms – 17th October 2006

  7. “Factories of the Future” European Investment Bank seminar with European Technology Platforms – 17th October 2006

  8. Integrated diversified Biorefinery • Integrated cluster of bio-industries • Variety of technologies • Producing chemicals, biofuels, food ingredientsand power • Using progressively lower value biomass as rawmaterials European Investment Bank seminar with European Technology Platforms – 17th October 2006

  9. Financing issues despite Sunny outlook • IB growth (next 5 years): 77 –> 125 Bn € • Largest € growth driver: Bio-fuels • Key public/sustainability issue: using lower value raw materials & adding more value to waste streams • Financial markets support 1 not 2 • PPP discussion points: • mixed loan equity models / demo unit funding / deferred interest on “development dependent” income streams / investor confidence issues / shifting public funds from production support to investment support Issue not more €, but when/where to use public funds European Investment Bank seminar with European Technology Platforms – 17th October 2006

  10. “Homes of the Future” Energy / Resources • High efficiency Thermal insulation • Low cost Fuel cells/ batteries • Efficient domestic appliances • Ultra Efficient lighting • Phase changing materials • Photovoltaics • Water and waste management European Investment Bank seminar with European Technology Platforms – 17th October 2006

  11. Innovating for the “Public Good” Health / comfort Smartness • Self cleaning surfaces • Awareness enhancing technologies • Remote diagnostics - monitoring • Domotics • Sound insulation • Smart materials Innovating up value chain • Personalized nutrition • Security • Sustainable consumer products • Remote shopping • Air quality Energy – Comfort - Health - Smartness European Investment Bank seminar with European Technology Platforms – 17th October 2006

  12. Added value for participants Why would a company invest in Smart Energy Homeconcept? • Partner platformto facilitate testing and scaling up • Direct feedback from end users ‘living innovations’ • Implementing resultsof leading FP projects in real life solutions for consumers Different prototypes of ‘houses of the future’ European Investment Bank seminar with European Technology Platforms – 17th October 2006

  13. Network & partners platform implemented Commercial scale up: equity, licensing, or downstream partnerships options Demonstration Phase > 2015 2008 2012 Indicative implementation planning European Investment Bank seminar with European Technology Platforms – 17th October 2006

  14. Portfolio Financing Issues • PPP discussion points: • SME involvement to accelerate scale up • Demo unit funding to share risks • Risk/Revenue sharing across multiple developments & regions • Special funding vehicles to bridge gap between consortia or institutional “demonstrations” and “mass market” options European Investment Bank seminar with European Technology Platforms – 17th October 2006

  15. Some final thoughts … • Our industry … good at building technology road-maps & classifying technical risks … less good at developing business plans to clarify future revenue streams and financial risks • More sustainable production implies more sophisticated units …. multiple countries evaluating financial support for demonstration units …. …. opportunities to exploit joint financing at EU level • We innovate on behalf of our downstream customers …shared financing with other ETPs can accelerate this cooperation European Investment Bank seminar with European Technology Platforms – 17th October 2006

More Related