Eden Innovations Ltd · ASX:EDE
Eden Innovations — Eden Energy — Shareholder Meeting (November 2007)
39 slides from Eden Innovations's shareholder meeting presentation, Nov 23, 2007
Slide 1: A Leading Alternative Energy Company
Eden Energy Ltd For personal use only A Leading Alternative Energy Company Presentation by: Greg Solomon, Solomon LLB Executive Chairman 23 November 2007
Slide 2: Disclaimer - Forward looking Projections
DISCLAIMER- Forward looking Projections For personal use only Whilst reasonable care has been taken in compiling the forward projections in this presentation, they necessarily are based on many assumptions and factors that are beyond the control of the company and accordingly there is no representat
Slide 3: Eden Energy Corporate Overview
Eden Energy Corporate Overview For personal use only Eden Energy 100% Ltd Eden Innovations Ltd 50% Coal Seam Gas 100% 100% Hydrogen SA Natural Gas Hythane® 100% Cryo-storage Geothermal 50% Pyrolysis
Slide 4: Hydrogen & Hythane
Hydrogen & Hythane ® For personal use only Objective - to be the world’s leading hydrogen technology company specialising in: Production, Storage, Transport & Use of Hydrogen
Slide 5: Eden Group Companies
Eden Group Companies For personal use only WORLD CLASS HYDROGEN TECHNOLOGY • Hythane Company LLC (Denver, Colorado) - Hythane® production and use • HyRadix Inc (Chicago, Illinois) - On site hydrogen production systems • Eden Cryogenics LLC ( Columbus, Ohio) - Cryogenic storage technology and product
Slide 6: Hythane Company LLC
Hythane Company LLC For personal use only A wholly owned subsidiary of Eden Energy • Products/ Patents US/ Canadian Patent on fuel blend Patent on CryoHythane® Patented Hythane® blending equipment Patented Hythane® production equipment Patented Engine conversion technology Hythane® Trademark • Major
Slide 7: Hythane - the transition fuel
Hythane® - the transition fuel For personal use only Hydrocarbons to Hydrogen • Low-cost premium blend of Natural Gas (5-7% H2) • ultra-low emissions (50% NOx) • high efficiency • Uses existing Natural Gas infrastructure • Achieves new low emission standards • Suitable for use with CNG / LNG / Dual
Slide 8: Hythane Operating System
Hythane Operating System For personal use only Methane Reformer/ Compressor Cascade Dispenser source Blender Hythane Storage Engine Hythane® Controller Recalibration Additions / Modifications to a standard Natural Gas system
Slide 9: Hythane Applications
Hythane® Applications For personal use only • CNG/ LNG/ Dual Fuel • Buses • Generators/ gas turbines • Taxis, auto-rickshaws,automobiles • Trucks • Locomotives
Slide 10: Hythane meets Euro I to V
Hythane® meets Euro I to V For personal use only NOx & PM emissions over the Braunschweig city bus cycle 20 EURO5/EEV EURO4 EURO3 15 EURO2 Euro1 EURO1 Euro2 Diesel Euro1 NOx (g/km) Diesel Euro2 10 Euro3 Diesel Euro3 Diesel + CRT Euro 2 & 3 CNG Euro2 Euro4 5 CNG Euro3 Hythane CNG EEV Euro5/EEV Perfor
Slide 11: Hythane Bus Projects
Hythane® Bus Projects For personal use only Montreal 1993-1995 California 2002-2004
Slide 12: Denver Hythane Project Results
Denver Hythane® Project Results For personal use only 3 Courtesy of Colorado Department of Health, HOT 505 EMISSIONS, GRAMS/MI. March 1993 2.5 2 1.5 1 0.5 0 NG HY5 NG HY5 NG HY5 THC CO NOx 50% Reductions in CO and NOx, 5% H2: Leverage Factor = 10!
Slide 13: Suitable Hydrogen Sources
For personal use only Suitable Hydrogen Sources • Reforming of Natural Gas ( produces H2 + CO2) • Pyrolosis of Natural Gas (produces H2 & C) • Electrolysis of water (produces H2 & O2) • By-product H2 from industrial waste streams - Low purity H2 (90% +) suitable for Hythane®
Slide 14: HyRadix Inc
HyRadix Inc For personal use only • World leading on-site hydrogen production - industrial applications, fuel cells, transportation • Operating systems in USA, China and Malaysia • Over US $40 million spent on product development • Chicago based world class team of employees • Significant Patents an
Slide 15: On-site hydrogen generation systems
For personal use only Proven, economic on - site hydrogen generation systems Î Today for transportation fuel and merchant industrial hydrogen Î Tomorrow for the entire hydrogen economy 1
Slide 16: Customer Case Study
Customer Case Study For personal use only • SunLine Transit Agency –California – Primary H2 Supply – H2 vehicles in daily operation • Demonstration Unit Performance – In operation since April 2004 – 10,000+ hours of operation – 120,000 miles driven since 2004 – 50% hydrogen cost savings – 50% NOx re
Slide 17: Aptus / Adéo Performance
Aptus / Adéo Performance For personal use only • Natural Gas or LPG Feed • Hydrogen Capacity – 50 Nm3/h - 100 Nm3/h • Product Purity: 99.95% - 99.999% • Operation – Fast start-up times – Operates at 25-100% of capacity • Packaging – Skid mounted – Installation – 2 weeks – Footprint: 7 ft x 20 ft
Slide 18: Indian Hythane Market
Indian Hythane® Market For personal use only • Markets for Hythane® (CNG / Dual Fuel/ LNG) - buses / taxis/ trucks / autorickshaws - generators - locomotives • Products - Hythane® fuel - H2 reformers - Blenders - Engine conversions
Slide 19: Factors Driving Hythane in India
Factors Driving Hythane® in India For personal use only • Government H2 plan- 1 million Hythane® vehicles by 2020 • Significant supply of domestic / imported Natural Gas • Low cost of Natural Gas- 40% less than diesel • Natural Gas supply to increase from 5M tpa to 25M tpa and infrastructure availab
Slide 20: Indian Hythane Marketing Progress
Indian Hythane® Marketing Progress For personal use only Govt Policy- Hythane® to be vehicle CNG standard 2020 target- 20% of all vehicles (>1 million Hythane® vehicles) -buses, taxis, trucks, autorickshaws - generators/ locomotives (CNG / Dual Fuel) • 10 year agreement with Ashok Leyland - 80% of I
Slide 21: Indian Hythane Market Targets
Indian Hythane® Market Targets For personal use only Buses ( Potential market 500,000 +) (CNG /LNG) - Carbon Credit potential (<15 tonnes CO 2/ bus / year ) Generators ( Potential market 20,000 +) (CNG / Dual Fuel) - Carbon Credit potential (<530 tonnes CO 2/ genset /yr) Targeted Market Penetration
Slide 22: USA Hythane Market
For personal use only USA Hythane® Market • First DoE contract for Hythane®/ hydrogen engines • MOUs for several demonstration projects signed/ under negotiation in California /northeast USA- first project expected before end 2007 • New tough 2010 Californian emission standards • High Petrol / Diese
Slide 23: Chinese Hythane Market
Chinese Hythane® Market For personal use only • Huge market for transport and generators • Extreme air pollution • Preliminary Approval for 16 City Clean Air Program • Six MOUs signed in 2005 • Yuchai engine conversion - Euro IV equivalent emission levels on Hythane® • Government and Academic Suppor
Slide 24: Hythane Business Model
Hythane® Business Model For personal use only •Strategic partnerships •Multiple revenue sources - Hythane® fuel - Carbon Credits - Engine conversions - Commissions on engine controllers/ engines
Slide 25: Hydrogen Production using Low Temperature Pyrolysis
For personal use only Hydrogen Production using Low Temperature Pyrolosis
Slide 26: Pyrolysis - 50% JV with UQ
Pyrolysis - 50% JV with UQ For personal use only • Produces H2 & solid Carbon from CH4 (no CO2) • Low temperature, Low energy, Low cost • Carbon Credits / Huge potential - No CO2 • High value solid carbon production • Patent application lodged • Scale-up/commercialisation work underway
Slide 27: South Wales Coal Bed Methane & Petroleum
For personal use only South Wales Coal Bed Methane & Petroleum
Slide 28: South Wales
South Wales For personal use only • Drilling 3 CSM Wells – Q2 2007- Q1 2008 - very encouraging gas content/ permeability from 1st well - 2nd well underway- all results by March 2007. • Drilling AMM – Q4 2007 • Seismic survey - Conventional – Q1 2008 • Drilling Conventional petroleum targets - 2008 •
Slide 29: South Wales Coal Rank and Volatile Matter
South Wales Coal Rank and Volatile Matter For personal use only
Slide 30: South Wales Coalfield & Potential Markets
South Wales Coalfield & Potential Markets For personal use only Corus Steel Works BOC Gases Paper Mill Industrial Rockwool Estate Insulation
Slide 31: SA Natural Gas
SA Natural Gas For personal use only • First licence ( PEL 183) granted • Totally untested structure- 100km x10km • Olympic Dam- huge market- 60 kms away • Potentially several tcf in structure • Possibly will seek JV partner • Drill well in 2008 when drill rig available
Slide 32: South Australian Natural Gas
South Australian Natural Gas For personal use only
Slide 33: SA Natural Gas Targets
SA Natural Gas Targets For personal use only
Slide 34: Geothermal
Geothermal For personal use only • Significant Government support • 8 Prospective licences in SA • Adjoin Geodynamics in Cooper basin • Drilling first well - Renmark in late 2007 • Govt drilling subsidy- $100,000 • $10-15M IPO planned Q1 2008
Slide 35: SA Geothermal Exploration Targets
SA Geothermal Exploration Targets For personal use only
Slide 36: Projected Revenue Sources
Projected Revenue Sources For personal use only • HyRadix - Global sales ( current) • Cryogenic division ( current) • Hythane® - ( 2008/9 ) - India and US • Margin on Hythane® fuel • Engine conversions/royalties • Sales commission - controllers, engines and vehicles • Carbon Credits ( 2008/9) • Sout
Slide 37: Management and Major Shareholdings
Management For personal use only • Highly experienced board of directors • World leading hydrogen technology teams Major Shareholdings • Tasman Resources ~ 26.4% ( fully diluted) • M. Coote interests ~ 13.5% ( fully diluted) • Directors ~ 10% ( fully diluted) • Goldman Sachs ~ 5.1% • Macquarie ~ 4.7
Slide 38: Major Targets for 2007/2008
Major Targets for 2007/2008 For personal use only • Geothermal IPO ~$10-15M Q1 2008 • List Eden securities on AIM -Q1 2008 • SA Natural Gas - JV-drill first well - Q 2/3 2008 • Major Joint Venture on Welsh CBM Project following completion of current drilling/ testing- Q1/2 2008 • Hythane® - Indian b
Slide 39: Capital Structure at November 2007
Capital Structure at 23 November 2007 For personal use only ASX Code (Ticker) EDE/EDEO AIM Listing planned Q1 2008 Capital raised A$30 M Total Shares (EDE) 158.5 M Total Options (EDEO) 91.5 M Share Price (EDE) 49 (A$) cents Option Price (EDE) 25 (A$) cents Market Cap (fully diluted) A$100.5 M Cash A