Energy Materials from the Chemical Industry

1
Energy Materials from the Chemical Industry

• Eastman Ventures
• Investing into the Future on Behalf of Eastman
  Chemical Company
• Joel Serface
• jserface_at_eastman.com

2
Agenda

• Background
• Philosophy
• Applications

3
Eastman Chemical Company

• History
• Spun out of Eastman Kodak in 1994
• Publicly-traded company on the NYSE
• 5.4B in global revenues
• Innovator of more than 1200 products
• Headquartered in Kingsport, TN
• Originally built where the raw materials were
  (trees)
• Transitioned to natural gas and coal as
  feedstocks
• Produce our own energy
• Global Presence
• Manufacturing locations in North America, South
  America, Europe, and Asia
• 15,800 employees
• 41 sites worldwide
• In order to compete with companies 6X our size,
  Eastman must
• Execute more nimbly
• Innovate more capital efficiently

4
Eastman Ventures Highlights

• Investing into the future on behalf of Eastman
  Chemical Company
• Eastman Ventures identifies and invests into
  greener and smarter technologies that can
  transform Eastman Chemical
• Commitment from the top
• People
• 6 investment team members in US
• Business development managers throughout the
  world
• Global themes, global teams
• Portfolio
• 25 direct investments linked to corporate growth
  and innovation objectives
• 80 of portfolio companies have executed
  commercial agreements with Eastman
• 6 indirect investments into VC funds as a conduit
  to innovation
• Includes funds in Europe, Asia, and Latin America

5
Philosophy

• Nanotech has been and will continue to impact the
  chemical industry
• Catalysts drive efficiency
• Enzymes control reactions
• Evolve from chemicals to smarter solutions
• Innovate or die
• Small is beautiful
• Lower resource consumption lower environmental
  impact
• Make what you intend to make and nothing else!
• Evolve from thermodynamics experiments to
  molecular manufacturing
• Products that keep on giving
• Renewable
• Re-cyclable
• Produce more than they consume

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From Philosophy to Products

• Today
• Biodegradable and recyclable materials
• Continuous effort to reduce of waste / increase
  efficiency
• Increased efficiency (process technologies)
• Best in class coal gasification technologies
• Tomorrow
• Natural chemistry and biotechnology
• New sustainable / cleantech products
• Recycled and renewable feedstocks
• Intelligent materials that provide more
  functionality
• Self-assembling materials

The future will increasingly leverage nanotech
and biotech approaches.
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Energy Tech Areas of Investment

• Energy generation / storage technologies
• Fuel cells
• Batteries
• Photovoltaics
• Fuels for the H2 economy
• Energy reduction technologies
• Solid state lighting
• Organic electronics
• Energy transport
• Advanced coatings
• Reduces power requirements for buildings and
  electronics
• Use less energy to manufacture

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Nanotech / Energy Credentials

• Eastman Ventures
• Konarka -- thin film photovoltaic manufactured on
  plastic
• Optiva -- opto-electronic coatings that reduce
  power consumption in LCDs and reduce heating and
  cooling costs in buildings when applied to
  architectural glass
• Others to be announced
• Eastman Chemical
• Genencor -- life sciences company developing
  industrial enzymes and protein-driven solutions
• Biofuels
• Biomimetic approaches to energy applications
• Biophotonics
• Eastman Coal Gasification Services -- New
  business (joint effort with Chevron Texaco)
  translating Eastmans best in class technology to
  the power and manufacturing sectors

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For More Information

• Joel Serface
• Eastman Ventures
• jserface_at_eastman.com