Velocys PLC First finished product at ENVIA Energy's GTL plant (6445J)

TIDMVLS

RNS Number : 6445J

Velocys PLC

30 June 2017

News release

Velocys plc

("Velocys" or "the Company")

30 June 2017

First finished products at ENVIA Energy's GTL plant

Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids (GTL), is pleased to report the successful production of first finished, saleable products at ENVIA Energy's GTL plant in Oklahoma City. Fischer-Tropsch products are now being fractionated to produce premium, renewable waxes, diesel and naphtha, meeting customer product specifications.

The on-site operations team has completed the debugging of several units of the plant - activities that are routine during the start up of a plant of this complexity - and is continuing the implementation of the pre-planned programme of ramping up production to target operational capacity over the coming months.

Photographs taken around the plant are available at www.velocys.com/media_image_library.php

David Pummell, CEO of Velocys, said:

"We're pleased that another milestone has been successfully achieved at the ENVIA Oklahoma plant. The exceptional quality of these products further verifies the performance of our technology and underlines its ability to deliver a slate of high value premium products at smaller scales."

- Ends -

For further information, please contact:

 
 Velocys 
  David Pummell, CEO                  [phone] 
  Susan Robertson, CFO                 700 
 Numis Securities (Nomad and joint 
  broker) 
  Alex Ham 
  Stuart Skinner 
  Jamie Lillywhite                    [phone] 
  Tom Ballard                          1000 
 Canaccord Genuity (Joint broker) 
  Henry Fitzgerald-O'Connor           [phone] 
  Ben Griffiths                        8000 
 
 Camarco (Financial communications 
  & PR) 
  Billy Clegg                         [phone] 
  Georgia Edmonds                      4983 
 

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.

Notes to editors

About Velocys

Velocys is the company at the forefront of smaller scale gas-to-liquids (GTL), providing the bridge connecting stranded and low value feedstocks such as natural gas, landfill gas or biomass with markets for premium products such as renewable diesel, jet fuel and waxes.

With its partners, Velocys aims to deliver the most economically compelling conversion solution; a fully integrated offer that can be deployed at scale into the growing, attractive markets on which it focuses. Velocys technology, protected by several hundred patents in over 30 countries, is specifically designed for smaller scales, combining super-active catalysts with intensified reactor systems. Standardised modular plants can be deployed readily in a wide range of locations, and Velocys' capabilities and extensive experience deliver a proven route to operation.

Velocys plc is admitted to trading on the AIM market of the London Stock Exchange (LSE: VLS). The Company has a strong, multi-disciplinary staff operating from its commercial centre in Houston, Texas, USA and technical facilities near Oxford, UK and Columbus, Ohio, USA. First product has been produced at its commercial reference plant, which is located adjacent to Waste Management's East Oak landfill site in Oklahoma City.

www.velocys.com

This information is provided by RNS

The company news service from the London Stock Exchange

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June 30, 2017 02:00 ET (06:00 GMT)