By Martin Clark London-listed synthetic fuels group, Velocys, is growing in confidence that it will soon be able to showcase its unique technology to a much wider market and on a commercial footing.The company has taken a number of notable strides in recent weeks, including securing additional funding for Altalto, its flagship UK waste-to-fuel project [...]
By Julian Singer Velocys has a solution in search of an application. Formed from the merger of Oxford Catalysts and the Pacific Northwest National Laboratory in 2008, Velocys owns intellectual property concerned with reactors that turn gases into liquid hydrocarbons using catalysts and micro-channels. The problem has always been to find a significant market. Past [...]
By Julian Singer Like many companies Velocys received permission from the London Stock Exchange to delay its filing of audited results for 2019 until the end of September. Instead the company produced a 2019 Trading Update showing revenue of £0.3m (2018: £0.7m) for an operating loss of £9.8m (2018: 18.6m). The lower loss in 2019 [...]
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 [...]
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. [...]
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 [...]
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 [...]
“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 [...]