Velocys suffers as its sole operating plant in Oklahoma suspends operations

On 10 September Velocys announced that ENVIA was to suspend operations and review alternatives.  ENVIA is a facility outside Oklahoma City that converts landfill gas into diesel and other petroleum products, at the heart of which are two of Velocys’s patented gas-to-liquid reactors, the only ones actually in operation. ENVIA had announced a gas leak [...]

By | 2018-10-04T08:48:11+00:00 October 4th, 2018|Velocys|Comments Off on Velocys suffers as its sole operating plant in Oklahoma suspends operations

Velocys expects to receive some much needed income

On 4 May Velocys announced that it had received from Red Rock Biofuels a notice to proceed with the construction of Fischer-Tropp reactors and catalysts for a biorefinery located in Lakeview, Oregon. RRB is part of the IR1 Group that has built ten biofuel plants in the US with a total capacity of 390 million gallons. [...]

By | 2018-05-15T08:17:07+00:00 May 15th, 2018|Velocys|Comments Off on Velocys expects to receive some much needed income

Velocys see the future in bio-refineries, converting biomass and waste to liquid fuels

Velocys’ interim results, announced on September 30, showed lower revenue and increased losses. Revenue was £0.2 million (H1 2016: £0.5m) for a loss of £10m (H1 2016: £7m). The share price dropped to 35p, thereby losing most of the gain from two weeks earlier when a partnership was announced to provide jet fuel to British [...]

By | 2017-10-04T10:29:15+00:00 October 4th, 2017|Velocys|Comments Off on Velocys see the future in bio-refineries, converting biomass and waste to liquid fuels

Velocys starts implementing its new business strategy but awaits commissioning of its first processing plant

Velocys, the makers of gas to liquids (GTL) reactors, announced today that it had produced the first liquids from its plant in Oklahoma. The company also recently announced the establishment of two strategic alliances: one with Morimatsu, an engineering firm, and another with Thermochem Recovery International (TRI), who make gasification systems. Velocys’s share price is [...]

By | 2017-07-27T08:48:07+00:00 February 9th, 2017|Velocys|Comments Off on Velocys starts implementing its new business strategy but awaits commissioning of its first processing plant

Velocys thinks small but depends on a big success in Oklahoma

“Think Smaller” might seem an odd slogan for a company yet to make its first profit.  It does, however, reflect succinctly two aspects of Velocys’s business. Velocys provides the reactors that are the key components of gas-to-liquids (GTL) and biomass-to liquids (BTL) processing plants.  They believe the main market for this technology is in plants [...]

By | 2017-09-29T16:20:36+00:00 September 3rd, 2016|Velocys|Comments Off on Velocys thinks small but depends on a big success in Oklahoma