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Spero Energy Inc. Pioneering a Greener Future. Pioneering a Greener Future. Municipal Waste Dump. Renewable Tree Farm. Advantage Sourced Raw Materials. Team Spero & Advisors . Mahdi Abu-Omar, Ph.D. Founder and President. Basudeb Saha, Ph.D. Chief Technical Officer.
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Pioneering a Greener Future Municipal Waste Dump Renewable Tree Farm Advantage Sourced Raw Materials
Team Spero & Advisors Mahdi Abu-Omar, Ph.D. Founder and President BasudebSaha, Ph.D. Chief Technical Officer Tim Peoples, Ph.D. Entrepreneur in Residence, Purdue Foundry Trenton Parsell, Ph.D. Senior Scientist Ian Klein Scientist Nathan Mosier, Ph.D. Scale-up, bioprocess engineering Barron Hewetson Scientist Tony Hamer, Ph.D. Industrial chemical production Student Business Team
Wasted Carbon Value $40 per ton $40,000 per ton LIGNIN Biomass2energy.com CARBOHYDRATES Petrixo.com
Technology Overview High Value Chemicals Spero Process Cellulose
Business Opportunity DHE/Isoeugenol/ Eugenol $443 M DMP $375 M Vanillin $300 M $1.1 Billion Market
Estimated Production Cost of DHE Spero Advantage • Feedstock • One-step Process • Reusable Catalyst
Spero Competitive Edge Competitors: • Suzhou Yacoo Corporation • Indesso • Rhodia • Borregarrd
Spero Timeline Year -1 Year 0 Year 1 Year 4 Year 2 Year 3
Summary • High value Products from waste wood • Competitive products • Strong development pipeline • Excellent Team • Scientific and business experience • Developing commercial team
Experimental Overview Insert image of the reactor Put in operating conditions
Funding Opportunity • $500K of matching funds with SBIR (6 mo) • Accelerate development and scale up • Complete scale up in 2014 • $ 3.5 Million • Commercial production • Revenue producing in 2016
Developing Product Pathways Organize by phase category
Milestones • Filed a provisional patent for Spero Energy, Inc. pretreatment technology • Licensed the technology from Purdue University • Received Trask funding through Purdue University • Received Phase I SBIR funding from the US DOE • Begin scale up to a 1-5 gallon reactor vessel, giving capacity to generate large quantities of HVCs and cellulose for further testing % Yield of Lignin HVCs • High yields of HVCs even from municipal waste wood • Recyclable Catalyst • Resultant Cellulose produces >96% sugar via hydrolysis