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PUTRY PTT Public Company Ltd (PK)

4.726
0.00 (0.00%)
01 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
PTT Public Company Ltd (PK) USOTC:PUTRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.726 4.20 4.70 0.00 21:00:27

Velocys Enters Commercial Agreement with PTT Public Company

16/10/2013 9:44am

Dow Jones News


PTT Public (PK) (USOTC:PUTRY)
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LONDON--Velocys PLC (VLS.LN), the technology innovator for smaller scale gas-to-liquids, said Wednesday that it has executed a commercial agreement with PTT Public Company Ltd, to proceed with the commercial deployment of the Company's GTL technology in Thailand and other regions.

PTT has commissioned Toyo Engineering Corporation to prepare a detailed front end engineering design for a 100 barrel per day GTL plant that will incorporate the Company's SMR and Fischer-Tropsch technologies.

Velocys PLC shares at 0808 GMT traded up 2.0 pence, or 1.4%, at 140.0 pence, valuing the company at GBP160.1 million.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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