Thorney Technologies Limited · ASX:TEK
Thorney Technologies — Australian Renewable Fuels — Shareholder Meeting (December 2011)
23 slides from Thorney Technologies's shareholder meeting presentation, Dec 15, 2011
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING 15 December 2011
Slide 2: Company Update
Company Update • Industry Position • BPL Acquisition • Feedstock / RMO Projects • Sales Strategy • 2012 focus Disclaimer: This document was prepared by Australian Renewable Fuels Limited. This document contain statements that involve risks and uncertainties. These statements are not guarantees of Au
Slide 3: Company Update
Company Update • Industry Position • BPL Acquisition • Feedstock / RMO Projects • Sales Strategy • 2012 Focus
Slide 4: Industry Position
Industry Position • Federal Excise offset extended until July 2021 • NSW Government mandate increases to 5% in Jan 2012 • VIC Government Grant of $2m in progress – first $250k achieved December 2011 • Facilitates construction of biodiesel facilities in Shell’s Vic terminal • Federal Government’s Car
Slide 5: Carbon and Biodiesel
Carbon and Biodiesel Fuel GHG Emissions (tonnes C02/kl) Reduction (CO2/kl) Mineral Diesel 3 Nil 100% Biodiesel from tallow 1.9 Decrease 1.1 100% Biodiesel from UCO 0.3 Decrease 2.7 • Based on Full life cycle analysis - AGO guidelines • ARF biodiesel saves ~ 1.44 tonnes of CO2e per kl • Potential tot
Slide 6: Biodiesel Producers Limited Acquisition
Biodiesel Producers Limited Acquisition • Over 98.5% of BPL shares acquired – compulsory acquisition underway • Operations • Picton (WA) Capacity 45 mL p.a. • Largs Bay (SA) Capacity 45mL p.a. • Barnawartha (Vic) Capacity 60mL p.a. • Benefits include: • Proven processing capability • Common maintena
Slide 7: Biodiesel Producers Limited Acquisition
Biodiesel Producers Limited Acquisition • Benefits include: • Increased asset base and financial performance • Sales growth • Contract with Shell – 40 to 50 mL p.a. • National supply opportunities • International strength – export opportunities • Experienced management and operations team • ARF is t
Slide 8: Barnawartha Plant
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Slide 9: Recycled Mill Oil
Recycled Mill Oil • RMO is a by-product from Palm Oil Production • Highly degraded waste material - unsuitable for almost any commercial or industrial application outside fuel • Free fatty acid levels ranging from 40% to 80% • ARF has a contract with Global Biofuels Trading Inc. (GBTI) for a ten yea
Slide 10: RMO Ponds
RMO Ponds
Slide 11: RMO Ponds
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Slide 12: RMO Ponds
RMO Ponds
Slide 13: RMO Ponds
AUSTRALIAN RENEWABLE FUELS LIMITED
Slide 14: Recycled Mill Oil Projects
Recycled Mill Oil Projects Requires the following projects for inclusion: • Capital Works • Picton underway – complete March 2012 • Largs Bay – later 2012 • Barnawartha – as needed late 2012 • Approval by domestic customers – sustainability and environmental credentials • Environmental audit underwa
Slide 15: Sales Strategy
Sales Strategy • ARF’s sales program is built on: • Domestic Sales • Major fuel suppliers such as the oil majors who use B5; and • Mining and transport companies who use B20. • Shell contracted for 40 – 50 mL p.a. • Discussions in progress BP, Caltex • Woolworths, other large transport companies pro
Slide 16: Sales Strategy
Sales Strategy •Demand continues to grow assisted by Government Policy • Federal and State – Cleaner Fuels Grant extension to 2021 • Federal Carbon Tax • NSW Mandate – 5% biodiesel inclusion in diesel 1 January 2012 • VIC Government Grant - $2m to support construction of Biodiesel facilities • Infra
Slide 17: Shell Victoria Biodiesel Facility
Shell Victoria Biodiesel Facility
Slide 18: Shell Victoria Biodiesel Facility
Shell Victoria Biodiesel Facility
Slide 19: Shell Victoria Biodiesel Facility
Shell Victoria Biodiesel Facility
Slide 20: Year to date sales - ARF
Year to date sales - ARF 7,000 6,000 5,000 4,000 Export '000 Litres Industry Oil Majors 3,000 2,000 1,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov *Unaudited figures
Slide 21: ARF Focus 2012
ARF Focus 2012 • Sales Growth both domestic and export • Plant operations to achieve nameplate capacities • RMO in the feedstock supply • Corporate management • Communications • Quarterly Cash flow report (4C) – Jan 2012 • Quarterly newsletter – April 2012 • Capabilities • Governance
Slide 22: artuels
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Slide 23: Australian Renewable Fuels Limited
AUSTRALIAN RENEWABLE NE FUELS LIMITED sein |) al) www.arfuels.com.au
Australian Renewable Fuels — Shareholder Meeting (December 2011) on 6ix