Phytonix Corporation (“Phytonix” or “Px”) is a prototype stage biofuels and biochemical technology venture. Our technology employs phytoplankton, which are the same organisms responsible for creating a breathable atmosphere on Earth and that contributed greatly to the genesis of our miraculous blue planet. Phytonix Corporation’s objective is to be the global leader in bio-safe direct solar fuels and renewable chemicals production utilizing carbon dioxide as the sole feedstock. Phytonix and its partners are using distributed, “capital-light” approaches to produce biobutanol and biopentanol from carbon dioxide, sunlight, and water via proprietary industrial biotechnology. We have engineered cyanobacterial species to secrete n-butanol in a significantly carbon-negative process.
Through its proprietary technology, the company seeks to produce biobutanol and biopentanol – valuable industrial chemicals and potential “drop-in” fuels to replace gasoline – from carbon dioxide, sunlight, and water. Unblended butanol and pentanol biofuels can be used in gasoline-powered engines with little or no engine modifications. These chemicals can also be used in fuel blends/additives. Phytonix seeks to eliminate the need for biomass, such as food or other crops, in biofuels production. The company estimates that the production cost of its biofuel would be US$1.35 per gallon.
Phytonix believes that some emerging biofuels, such as ethanol and early-generation biodiesel, face limited market adoption due to food-vs-fuels challenges, crop yield limitations, and fuel blending restrictions for use in vehicles with little to no modification.
Phytonix has a dual target market: the $10 billion global n-butanol and n-pentanol industrial chemical market, and ultimately the $140 billion fuel additive and $900 billion global motor gasoline market. The global n-butanol chemical market is growing at approximately 15% CAGR, with demand exceeding supply in many areas. Approximately 320 billion gallons of motor gasoline are consumed annually with the February 2011 wholesale price at $2.75 per gallon. This market has tripled over the last decade, driven by increasing crude oil prices. Approximately two-thirds of global liquid energy production (85 million barrels/day, primarily crude oil) is consumed by transportation. Motor gasoline accounts for approximately two-thirds of transportation energy. North America consumes half of global motor gasoline. Gasoline demand is forecast to steadily increase to 2035, driven by the growing adoption of personal vehicles (increasing per-capita income) in non-OECD geographies, such as China, and the increasing forecasted price of crude oil.