Seppure - Long Deck
Seppure - Long Deck
Seppure - Long Deck
©2021
©2021 SEPPURE
SEPPUREAll
Allrights
rightsReserved
Reserved 1
The Problem
Chemical separation processes
are resource intensive $3.6T in energy
costs
PRODUCT
PRODUCT-
SOLVENT
MIXTURE
NO HEAT 50% LESS
Operating Expenses
RECOVERED
SOLVENT
PRODUCT-
SOLVENT
PRODUCT
©2021 SEPPURE All rights Reserved 3
The Solution
Concentrating 1 m3 of a dilute solution in methanol by a factor of 10, using
(a) Conventional (Distillation) and (b) SEPPURE (Membrane Filtration) Technologies*
Qdistillation = 1750 MJ
Conventional
Distillation
Qfiltration = 3 MJ
(Membrane
Filtration)
Membrane Filtration
SEPPURE’ technology uses 580X less energy than the conventional method to do the same job!
In industrial applications, we usually use a hybrid process that ensures a minimum of 10X energy savings
©2021 SEPPURE All rights Reserved * Chem. Rev. 2014, 114, 10735−10806 4
The Solution
SEPPURE’s unique and proprietary CHEMICAL-RESISTANT membrane
Start 1 min
Dissolved
membrane
2 Patents
Applications
Solvent Free Fatty Acid Wax & Lipid Hydrocarbon Monomer Product API Concentration Solvent Homogeneous
Recovery Removal Removal separations Removal Upgrading & Purification Exchange Catalyst Recovery
Trans-
FFA Biodiesel
Esterification
SEPPURE’s technology is ready to be implemented in the Vegetable Oil and Biodiesel industries
Energy
CA$3.6 million 2-Year Project with ERA and
Richardson Oilseed, Started in July 2021
Pharmaceutical
Proposal submitted for the new plant
Pipeline
2 Membrane Modules
Recurring savings
1-2 years lifetime
VALUE 50% OPEX reduction
STREAM
162M
$10B
102M
Current
51M
Addressable
0.4M 6M
$600M
2021 2022 2023 2024 2025 2026 Recurring
Revenue
SolSep BV
vs
How much
Features SEPPURE Evonik
better?
Why better?
SEPPURE 3” module
Temperature-
100-150 °C Max 50°C 2-3X Higher temperature tolerance Membrane effective
tolerance
surface area (m2) 5.8
SEPPURE works in acid and
pH range 1-14 ~7 only -- base Productivity (Acetone
Configuration
SEPPURE uses an efficient @ 20 bar), L/h 350
Hollow fiber Spiral wound -- configuration
20 m2 for 4" x 5.4 m2 for 4" x Smaller system size and
Packing Density 3.7X
EVONIK 4” module
40" module 40” module lower system cost
Permeance Pure Acetone: Pure Acetone:
(L/m2h bar) 20X Faster separation
Membrane effective
5.4
3 0.15
Productivity per surface area (m2)
module (L/h) at 1200 16.2 74X More productive Productivity (Acetone
20 bar @ 20 bar), L/h 16.2
Price ($/m2
membrane)
Est. 300 1000 3X More economical
We are here
Research on Chemical- • Founding of SEPPURE • 4" industrial modules • Manufacturing plant established • Gas Separation
resistant Nanofiltration membranes for
• MVP membrane product • 150 TPD veg. oil skids • Production ramp up to
Membranes at NUS Carbon Capture and
20,000 modules per year
by Dr. Farahani under • All technical milestones • 2-4 in-field units deployed at Hydrogen Purification
the guidance of achieved different plants • Signed supply contracts with key
Professor Neal Chung suppliers
• Roll-to-roll fabrication • 6 months endurance and
performance testing • 3 regional sales offices GAS TECHNOLOGIES
established
• Digital Solutions roll out
DIGITAL SOLUTIONS
Scott Greer, PhD, PMP Hafiiz Osman, PhD Prof. William B. Krantz
VP, Research & Development VP, Business Development Technical Advisor
Professor Emeritus
PhD in Plant Science PhD in Mechanical Engineering University of Colorado
MSc in Biology MEng in Mechanical Engineering
15+ Years Industrial Experience 10+ Years Industrial Experience
6.3% 5.7%
Other SG&A Expenses
6.4%
Series-A
$15
Operational Cost
35.2%
CAPEX for Manufacturing US
20.5%
MILLION
©2021
©2021 SEPPURE
SEPPUREAll
Allrights
rightsReserved
Reserved 21
APPENDIX
Resource
From disposal & incineration Recovery
to recovery & reuse
Green Circular
Commodities Chemistry
From use in food preparation
to clean power generation
CAPEX required for 1st line of 15,000 modules/year + infrastructure: US$4-5 million
CAPEX required for subsequent lines of 15,000 modules/year: US$2.5 million
Revenue from selling 15,000 modules/year: US$90 million (margin > 40%)
Proposed Location: Alberta, Canada
Process Laboratory
MALAYSIA GERMANY
10.9% market share in 2018 2.0% market share in 2018
South America
INDIA Top Oils2 12.0% market share by region in 20182
3.6% market share in 2018
1. Sunflower Oil (44%) Top Producers2 Top Oils2
Top Oils2 2. Canola Oil (33%)
3. Soybean Oil (13%) BRAZIL 1. Soybean Oil (76%)
1. Palm Oil (56%) 5.1% market share in 2018 2. Palm Oil (12%)
2. Soybean Oil (18%) 3. Sunflower Oil (7%)
3. Canola Oil (7%) ARGENTINA
0.8% market share in 2018
FRANCE SPAIN
BRAZIL US$34 bn market US$22 bn market JAPAN
US$33 bn market value in 20173 value in 20173 value in 20173 US$84 bn market value in 20173
798
728
664
607
555
509
458
South Korea 19% 401
433
Taiwan
(Province of
China) 6% Japan 5%
The
Netherlands
United States 47% China 5% 4% 2019 2020 2021 2022 2023 2024 2025 2026 2027
Pure Solvent
GreenMem 500 Oil content ~0%
Filtration Unit
Oil + Solvent
Oil content: 10-20%
Pump
Energy Pure Solvent
Oil content ~0%
Oil + Solvent
Oil content 60-70%
Cooling
Distillation
Energy
Product Performance
Feed: 10% Soybean Triglyceride / 90% Acetone (wt%) Feed: 10% Oleic Acid (FFA) / 90% Acetone (wt%)
Temperature: 45°C, Pressure: 15 bar Temperature: 45°C, Pressure: 10-15 bar
Membrane Avg. Acetone Flux Avg Oil Rejection Membrane Avg. Acetone Flux Avg FFA Rejection
(LMH) (%) (LMH) (%)
GreenMem 500 38.2 98.2 GreenMem 200 8.0 98.9
Secondary Product
Primary Product
Pre-treatment
Methanol Crude Glycerine Crude Glycerol Removes FFA to avoid
saponification during
NaOH / KOH Alkali Catalyst transesterification process
Distillation (To
Methanol & remove water)
Catalyst Recovery
Problem: Methanol (32 Da) is the most expensive input for the Biodiesel (Fatty Acid Methyl Esters)
biodiesel process, and is added in excess to ensure all of the Methyl palmitate (C16:0), 260-270 Da
used oil are converted to biodiesel. The excess methanol ends Methyl stearate (C18:0), 180-200 Da
up in the Glycerol (92 Da) by-product. Recovery of methanol Methyl oleate (C18:1), 280-300 Da
using evaporation and condensation contributes to GHG Methyl linoleate (C18:2), 280-300 Da
Methyl linolenate (C18:3), 280-300 Da
emissions and increases cost of biodiesel as a transport fuel.
Musa Idris Atadashi, Egyptian Journal of Petroleum, Volume 25, Issue 1, March 2016, Pages 21-31
SEPPURE Solution
Transesterification Pump
Reactor Energy Biodiesel Glycerol
©2021 SEPPURE All rights Reserved 38
Circular Solution for Used Lube Oil
Used Lube Oil Dewatering Flash Distillation Fractionation Solvent Extraction Base Oil
Used lube oil recycling makes business sense and is better for the environment
1. Egyptian Journal of Petroleum, vol. 27, no. 2, pp. 221-225, 2017 Used lube oil life cycle
SEPPURE Solution
SEPPURE
GreenMem
Solvent Hybrid System
Blend
Feed: Used Lube Mixing
Oil Distillate
Solvent Blend +
Aromatics
Pre-filtration Post-process
Used Lube Oil Distillate + Pump Base Oil
Solvent Blend (1:3) Energy
©2021 SEPPURE All rights Reserved 40
Lube Oil Dewaxing
Energy-Efficient Wax Removal from Lube Oil Raffinate
Problem: In solvent lube oil dewaxing, the raffinates are first dissolved in a
solvent blend mixture comprising Toluene (92 Da) and Methyl Ethyl Ketone (79
Da). The mixture is cooled to precipitate the wax component which is then
filtered out to obtain dewaxed lube oil (e.g. C25H52). The refrigeration process
consumes substantial energy and presents a bottleneck in the dewaxing
process, including the industry-standard Max-Dewax process (graphic insert)1,2.
1. Separation and Purification Technology, vol. 261, pp. 118278, 2021
2. Environmental Progress, vol. 20, no. 1, pp. 12-16, 2001 Max-Dewax process
SEPPURE Solution
SEPPURE SEPPURE
Solvent GreenMem 500 GreenMem 200
Blend
Feed: Waxy
Lube Oil Mixing
Solvent Blend
Pump (MEK + Toluene, 1:1)
Energy
Post-process
Pre-filtration
Waxy Lube Oil + Pump
Solvent Blend, (1:4) Energy Waxes Dewaxed Lube Oil
(C25H52)
©2021 SEPPURE All rights Reserved 41
Wax & Lipid Removal and Solvent Recovery
Example of Applications
Distillation
Rejection (%) Energy
n-Decane (LMH)
BORSIG 80 25 n-Hexacosane
/Solvent
Heating Energy
Evonik 72 10 n-Hexacosane: 98-99%
To solvent stripping unit
1
Micovic, J., et al., Hybrid separations combining distillation and organic solvent nanofiltration for separation
©2021 SEPPURE All rights Reserved of wide boiling mixtures. Chem. Eng. Res. Des. (2014), http://dx.doi.org/10.1016/j.cherd.2014.02.012 44
Homogeneous Catalyst
Recovery of Rhodium catalyst (~850Da) and ligand Recovery
(~650Da) from Octene (112 Da), Isononanal (142 Da) and
High boilers (300-450 Da) in organic solvent in hydroformylation1
Product Performance General Process
(in Study)
Feed: Rodium catalyst, Ligand,
Membranes Used: Light hydrocarbons (octene,
isononanal), Heavy hydrocarbons,
1. Starmem 122 (Polyimide Organic solvent GreenMem 500
membrane, MWCO 220Da) Filtration Unit
Feed: Octene, Isononanal, High
boilers, Bulky phosphite ligand,
Active catalyst complex
Pump Organic solvent, Light
Temperature: 30°C, Pressure: 35 bar Energy hydrocarbons
Concentration of
Permeability Rhodium Catalyst and
Rejection (%)
(kg/(m2 h bar) Ligand in feed tank
Starmem 122
90-99 0.7-1.2*
(discontinued)
*Permeability decline over the test period ranges from 25% to 30%. The reasons for this decline are further irreversible compacting of the membrane and the blocking of
the pores as well as deposition of solid matter from abrasion of the pumps on the membranes surface
1
Micovic, J., et al., Hybrid separations combining distillation and organic solvent nanofiltration for separation
©2021 SEPPURE All rights Reserved of wide boiling mixtures. Chem. Eng. Res. Des. (2014), http://dx.doi.org/10.1016/j.cherd.2014.02.012 45
Semiconductor Application: Removal of Impurities
SEPPURE’s chemically-resistant nanofiltration technology can effectively remove destructive particles and
unwanted components from chemical mixtures in harsh organic solvents.
For example, in photolithography, photochemical formulations are very complex. Nanofiltration is needed to
effectively remove destructive particles and gels from photochemicals without disrupting photochemical
integrity during the filtration process.1
1
©2021 SEPPURE All rights Reserved
Zhang, H., Ayubali, M., Andrews, J., Man, X., Antle, P., & Buschjost, R. (2008, February). Membrane compatibility for nanofiltration applications in DUV lithography. Solid State
Technology, 51(2), 42+. http://link.gale.com/apps/doc/A178677012/AONE?u=nantecun&sid=AONE&xid=b11a10b1 46
Semiconductor Application: Removal of Impurities
Removal of Impurities from BARC formulations
BARC Formulation +
BARC Formulation
Impurities
Pump
Energy Impurities
Problem: The fabrication of semiconductors is highly chemical-intensive, especially the photolithography step. Two of the most
common solvents used in photolithography are propylene glycol monomethyl ether acetate (PGMEA) and Propylene glycol
monomethyl ether (PGME).1 Acetone is also frequently used as a cleaning solvent in the fabrication and packaging stages.
Impurities must constantly be removed frequently to maintain a certain level of purity in the permeate. SEPPURE’s membrane
technology can effectively remove impurities more than 5 nm and recover spent solvent for reuse.
1
Kim, S., Yoon, C., Ham, S., Park, J., Kwon, O., Park, D., … Kim, W. (2018). Chemical use in the semiconductor manufacturing industry. International Journal of Occupational and Environmental Health, 24(3-4), 109–118.
Solvent Solvent
(PGME/PGME/Acetone) + (PGME/PGME/Acetone)
Impurities
Pump
Energy Impurities
To solve this challenge, SEPPURE’s nanofiltration technology can separate chemicals without heat and
recover pure solvents that can be reused. SEPPURE’s solution creates a closed-loop system that can
eliminate solvent waste and greenhouse gases (GHG) emissions while reducing operating costs.
1
Chaniago, Y. D., Khan, M. S., Choi, B., & Lee, M. (2014). Energy efficient optimal design of waste solvent recovery process in semiconductor industry using
©2021 SEPPURE All rights Reserved enhanced vacuum distillation. Energy Procedia, 61, 1451-1454. 49
Semiconductor Application: Solvent Recovery
PGMEA & PGME Recovery from Waste Photoresistor Thinners
Problem: Photoresists are essential in photolithography processes for Common Industrial Photoresists
coating treatment. When photoresist thinners, comprising mostly of PGME
and PGMEA, are used to remove unreacted photoresists, a large amount of
Fujifilm RER Series Dupont DUV
waste thinners is generated.1 Although the waste thinners are conventionally
recovered by distillation, it is highly energy-intensive and polluting. Brewer Science E2
Microchem SU-8
SEPPURE’s nanofiltration technology enables the recovery of high-value Stack Series
waste thinners sustainably without heat and at a lower cost.
1. Enhanced recovery of PGME and PGMEA from waste photoresistor thinners by heterogeneous azeotropic dividing-wall column (2016). Process Safety and Environmental Protection, 103, 413-423.
Acetone 1200
PGMEA 120
PGME 30
Pure solvent fluxes are based on 4040 industrial size module with an area of 25m2
Examples of Applications:
1. Syngas purification during pre-combustion: Separation of H2 from CO2
2. Flue gas treatment during post-combustion: Separation of CO2 from N2
Benefits2
>90% CO2 REMOVAL LOW ENERGY CONSUMPTION COST EFFICIENT
1IPCC (2014)
©2021 SEPPURE All rights Reserved 2
Giordano, L. et. al. (2018). Conceptual design of membrane-based pre-combustion CO2 capture process: Role of permeance and selectivity on performance and costs 52
Partnering with SEPPURE
Structured Approach to Technology Adoption in 3-phases
3 M O N T H S 6 M O N T H S 2 0 2 2 O N W A R D S
• In-house tests with customer- • Process & retrofit engineering • Process engineering & industrial
supplied samples and specifications • Industrial membrane system control systems integration
• On-site tests at customer’s facility performance & endurance tests • Long-term membrane supply
with SEPPURE’s modules • O&M regime development • Digital control & monitoring system
Distillation Unit
Cooling
Even with a hybrid system and initial CAPEX of $4 million for Energy
Oil + Solvent
membrane system, breakeven can be realized within 1 year Oil content Oil ~99%
of operation. Cumulative OPEX savings of over $6 million can 10%
be realized within 5 years of implementation.
Distillation Unit
$6 SEPPURE Cooling
$4 $0 Membrane Energy
$2 Oil + Solvent
$0 -$2 Oil content Oil ~99%
0 1 2 3 4 5 10%
Oil + Solvent
Year
Oil content
Savings Current solution (distillation) SEPPURE solution (membrane) 70%
Heating
Energy
©2021 SEPPURE All rights Reserved 56
Product Performance for vegetable oil separation
Example (1) Oil Rejection
Membrane Flux (L/m2h)
Feed: 10% Soybean Triglyceride (TG) and 90% Acetone (%)
Application: Solvent Recovery GreenMem 500-1 38.2 98.2
Temperature: 45 ºC, Pressure: 15 bar GreenMem 500-2 30.2 98.9
Example (2) Oil Rejection
Membrane Flux (L/m2h)
Feed: 10% Palm Oil and 90% Acetone (%)
Application: Solvent Recovery GreenMem 500-1 37 99.2
Temperature: 45 ºC, Pressure: 15-20 bar GreenMem 500-3 38 99.4
• These M&A activities are related to water applications or air separation markets which is a saturated market
• There are no known recent M&A for chemical-resistant membranes as it is a new market segment
• Early investors in this blue ocean segment will benefit from huge upside