Share Name Share Symbol Market Type Share ISIN Share Description
Velocys Plc LSE:VLS London Ordinary Share GB00B11SZ269 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.05p +0.52% 9.65p 9.60p 9.70p 9.70p 9.58p 9.58p 586,630 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 1.4 -14.1 -8.8 - 14.15

Velocys Share Discussion Threads

Showing 4851 to 4873 of 4875 messages
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DateSubjectAuthorDiscuss
24/2/2018
23:41
so is that thursday 13.00pm UK time? htTp://www.ustream.tv/channel/LuH47wTTwtu
neo26
24/2/2018
16:45
David Pummell live on BioChannel.TV so you can tune in. Complete streaming details through BioFuels Digest. 8AM ET. Thursday Here you go. hxxp://www.ustream.tv/channel/LuH47wTTwtu
gac141
23/2/2018
20:41
All four partners will contribute to feasibility stage of the project in UK to prepare case to produce jetfuel from waste... Velocys has entered into a partnership to prepare the business case for a commercial scale waste-to-renewable-jet-fuel plant in the UK. Velocys will lead this initial feasibility stage of the project, for which all members of the partnership are providing funding. Subject to this and to the successful completion of all development stages, the aim is to achieve a final investment decision in 2019. The members of the partnership include: British Airways, the UK’s largest international airline, which intends to fly with the jet fuel made in the plant; Suez, a world leading expert in recycling and waste management, which intends to provide technical and operational expertise and manage the supply of feedstock to the project; Norma, an affiliate of Ervington Investments, Velocys’ largest investor, which is a potential investor in the project; Velocys, which intends to supply its technology to the plant and provide project management, engineering, operations and technical service support to the project going forward. The plant would take hundreds of thousands of tonnes per year of post-recycled waste, destined for landfill or incineration, and convert it into clean-burning, sustainable fuels. The jet fuel produced is expected to deliver over 60% greenhouse gas reduction and 90% reduction in particulate matter emissions compared with conventional jet fuel, thereby contributing to both carbon emissions reductions and local air quality improvements around major airports. Velocys believes that there is the opportunity to develop a series of waste-to-jet fuel plants in the UK. The changes to the Renewable Transport Fuels Obligation (RTFO) recently published by the Department for Transport provide the required commercial platform for this opportunity; for the first time, jet fuel is to qualify for credits under the RTFO. These changes to the RTFO are designed to promote sustainable aviation and heavy goods transport; once implemented, they are expected to provide long term policy support for this market. We believe that the recently announced RTFO changes will allow the UK to become a world leader in sustainable jet fuel. We are very pleased to be working with world class partners to help execute the vision of a repeatable series of plants, offering a commercially attractive route to a highly desirable product for an industry that now demands significant greenhouse gas reduction solutions. This opportunity leverages further our technology, integrated plant design and skills base, and is consistent with our renewable fuels strategy of delivering integrated plant solutions, in collaboration with partners, to fulfil a real market need.
neo26
23/2/2018
20:37
Loans to fund the Mississippi refinery is not a problem, planning to produce 1400bpd of renewable fuel, with all the Rin credits they can be making around $135-$170 profit per barrel. Its huge... In June 2017 the US Department of Agriculture (USDA) invited Velocys to submit a Phase II Application to obtain a loan guarantee for a commercial-scale renewable fuels plant. The loan guarantee could apply to up to $200 million of debt as part of the total installed cost of the project. The USDA loan guarantee would significantly reduce the technology risk for the debt providers. Velocys has engaged a global leading project finance bank, Sumitomo Mitsui Banking Corporation (SMBC), as the lender of record and as its financial advisor. We are now proceeding through the final phase of the loan guarantee process. Work is underway on Velocys’ integrated technology demonstration with its strategic gasification partner TRI, and the Front End Loading (FEL-2) study with IHI E&C is nearing completion. Our first commercial scale biorefinery is being designed to produce approximately 20 million gallons per year (1,400 barrels per day) of renewable fuels from approximately 1,000 dry tons per day of woody biomass feedstock. Velocys has the goal of completing all work packages required, concluding commercial negotiations such as feedstock supply and off-take agreements, securing project equity funding, and reaching final investment decision around the middle of 2019
neo26
23/2/2018
20:32
has all this been forgotten!!! Site confirmed for first U.S. biorefinery Velocys plc (VLS.L), the renewable fuels company, is pleased to announce that it has signed a site option agreement with Adams County in the State of Mississippi for its first U.S. biorefinery to be located in Natchez, Mississippi. Velocys has been offered economic development incentives from Adams County estimated to be worth the equivalent of $42 million. The project expects to qualify for additional incentives worth up to $15 million, provided via Mississippi’s Advantage Jobs Act and other statutory tax incentives. These incentive packages would reduce the company’s future tax liabilities and are subject to Velocys meeting certain minimum requirements for capital investment and local employment opportunities. Velocys has also received commitments from Adams County worth approximately $4 million (relating to the land and upgrades to the site) and $1 million site upgrade commitments from local utility suppliers, further increasing the attractiveness of the site. The site and local area benefits from: an attractive regulatory and tax regime; the availability of an abundant local supply of low cost forestry residue that will form the feedstock of the plant; advantaged transportation infrastructure including barge, rail and road; accessible utilities; land that meets all the required criteria including space and terrain to support an industrial development; a local workforce skilled in servicing the forestry industry; and, a local community with facilities and amenities that will attract additional skilled personnel during construction and ongoing plant operations. The 100-acre Natchez site was confirmed after the Company analysed a broad set of operational and tax considerations at twelve possible sites in four States in the Southeast United States. Due diligence, including site visits, was completed at each of these sites and incentive offers were received from each State in question. The analysis lays the foundation for future biorefineries: Velocys is maintaining its list of other advantaged sites in the region, which could host plants with capacities totalling 100 million gallons over the next 10 years. Velocys remains in close contact with the economic development officials in these other States regarding the locations and timing of future renewable fuels facilities. This announcement completes one of the work packages required for the U.S. Department of Agriculture (USDA) loan guarantee application announced in June 2017. Site permitting activities have now begun for the Natchez site. David Pummell, CEO of Velocys, said: “This is an important step towards the development of our first biorefinery in the U.S. to address the attractive and growing renewable fuels market. We welcome the significant support for this plant at the local level, including the future financial support that further enhances plant economics. Velocys and its partners are continuing to make significant progress towards completing other work packages needed to deliver a successful USDA loan guarantee application, which we are targeting in 2018. We look forward to updating our stakeholders on the progress of this transformational project in Mississippi.” Billy Klauser, Chief Economic Development Officer of the Mississippi Development Authority, said: “The Mississippi Development Authority wishes Velocys continued success in their new venture in Natchez and Adams County. With its strategic location and close proximity to a major waterway, Natchez was a natural fit for this proposed capital investment of several hundred million dollars.” Mike Lazarus, President of the Adams County Board of Supervisors, said: “We are pleased to have Velocys join our growing industrial family. These quality jobs, significant investment and purchases of area forestry products will have a huge and meaningful impact on our area and local economy.” -Ends-
neo26
23/2/2018
20:22
i think converting waste into JET fuel is possible, Fulcrum BioEnergy has managed to do it in USA and they got Loans from the US GOVT to build the refinery, airlines have a stake in the company also. hTtps://www.smithsonianmag.com/innovation/could-garbage-fuel-airplanes-180962261/ I think waste to jetfuel project can really be interesting for vls and BA..
neo26
23/2/2018
19:04
next week it will be 6 weeks since the RIN credit submission, i hear it only takes 4 weeks for the process to complete, so hopefully some news next week. Should VLS get confirmation of the maximum credits this will be great validation of VLS technology. The chairmans statements says it all David Pummell, "This is a major achievement and milestone for both ENVIA and Velocys. On confirmation of the pathway compliance, these will be the first RIN credits generated by our technology and also the first associated with a Fischer-Tropsch process on landfill gas. This in itself represents a significant commercial validation of our technology.
neo26
23/2/2018
13:43
JonesThe share price was over 25p last month, which valued the company just over 40m, now they have raised 18m for working capital as a significant discount, so mkt cap of 58m is justified.What has changed to the business model? Nothing , should they get rin credentials I believe it will be trading above 20p again..IMHO.
neo26
23/2/2018
12:03
lets see what happens not long to go, but i do agree should they not get the credit the company is FINISHED but should they do it changes everything...
neo26
23/2/2018
12:00
neo26 - let's see what happens, shall we? The process, from what I gather takes about 4 weeks from the final sample to the results so I don't suppose it will be too long before the information is known, perhaps even as soon as next week. There are 2 subsidies, State and Federal. Politicians change as does opinion. Subsidy needs to be financed and this is governed by policy at State and Federal level - that can change. The capital is to meet the initial obligation of VLS in the build of the new plant. It might not actually be sufficient to complete the build let alone commission it etc etc. Plenty of time to take a decision I feel - especially having been rather badly burned from the investment I made some years ago. EJ
erogenous jones
23/2/2018
11:35
neo26 - you really have not a clue have you? The ENVIA £13m to which you refer is a red herring. Unless accreditation is agreed, the current business model for VLS is worthless. Once revenues from the ENVIA plan are included in the p/l account, then and only then will investors have information to determine what slice of the action benefits VLS. Build costs for the pilot plant were huge. Scaling the build upwards will take longer and be more expensive than the small scale plant and with an increase in capacity, so the margin for error decreases. Once built, it needs to be commissioned and gradually brought up to be production capable. Don't get me wrong, I love the technology have taken an eye watering haircut when the shares plummetted, I believe that the share price will fall further and it will take facts rather than opinion to cause me to buy again on my own account.
erogenous jones
23/2/2018
11:21
This partnership with BA is an interesting one, vls can produce a cleaner jet fuel and one great thing the jets do not have to be modified. Vls will probably have around £23m in bank and they are owed money from envia which I believe is around £13m.What's not to like, this technology is good. All that cash but what is the technology worth?
neo26
23/2/2018
10:01
JonesThat's your opinion and you are entitled to it, had the big institutions agreed with your assumption they would have pushed him out just like they did with Julian.The rin credit process should nearly be completed once it's confirmed they can get maximum subsidies then it will prove the technology works.They have signed some strategic partnerships with big players. This refinery in Oklahoma is like a demo version and I'm confident they will get funding for the next plant in Mississippi and the one in UK.
neo26
23/2/2018
10:01
I know you are all sick of hearing it - but I wish we had not gone to the USA. -Nothing but regulations and rip off. - Get out in the wider world guys!
deutsch3
22/2/2018
21:51
so a company has £23m cash, mkt cap is 32m, it has a patented technology which works, recently applied for RIN accreditation for maximum subsidies and you say the company is finished. Abramovic and Landsdown are not stupid, this will surely rise soon.. imho
neo26
22/2/2018
21:16
Nothing wrong with jam tomorrow, the only problem, tomorrow never comes with these R&D AIM companies, until the fat lady starts to sing, goodbyeeee
beeezzz
22/2/2018
12:11
Yes I suppose the catalyst technology does ..was more thinking of the business model. Share reminds me of something called FUM -10-15 years of nil returns to shareholders/constant dilution... but always the promise of jam tomorrow.
meijiman
22/2/2018
11:24
Not at all... Our technology works based on the research done then. The world has changed and so has VLS.
gac141
22/2/2018
11:09
The more I think about this it seems that the ending of the small scale catalyst technology effectively meant the company was starting all over again. So all the years of Oxford Catalysts were to develop something which is not needed. Is that right?
meijiman
22/2/2018
10:55
Roman Abramovic is 0.4% away from holding 25% of the shares. Maybe this might be a takeover target for him...
neo26
22/2/2018
10:47
I don't think this at all and when we have the RIN's accredited which I expect anytime now we will see a change in sentiment and share price. I hear all going very well in the US.
gac141
21/2/2018
19:29
Looks like VLS are about to face political headwinds...
goodgrief
21/2/2018
18:43
Thanks, Neo26.
fluky
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