Velocys Share Discussion Threads

[chadders] 14/1/2016 19:23

Current value not much above last reported cash. Worth a punt for the long term methinks.

[fluky] 14/1/2016 14:06

Talk is cheap, orders are everything...

[gac141] 14/1/2016 13:22

Have you asked the company if they are still talking to BA? Maybe worth it....

[fluky] 14/1/2016 13:16

Gac141: You are using the Thurrock Gazette as your source of information, really! A better read is the article, dd 7 January, in ENDSwaste & energy entitled “BA shelves waste-to-biofuel project.” Remember, Solena mentioned in the past that their technology was competitive at $50/bbl. We are now at $30.

[gac141] 14/1/2016 10:04

"Greensky" Project still on...

THE future of the British Airways' GreenSky project at the former Coryton site has been thrown into question after its partner pulled out of the deal.

The cutting-edge multimillion-pound project to turn London landfill waste into jet fuel was touted as one of the most innovative regeneration schemes in the country when it was announced in 2014.


This week, partner Solena Fuels pulled out, with BA putting this down to falling oil prices and a “lack of policy support”.


BA says it remains committed to the project, and is now seeking a new partner.

Dubbed GreenSky, it was thought the fuel project could revolutionise aviation fuel. At the time of its launch, 150 permanent jobs were being cited for the project.

A BA spokesman said it was disappointed with Solena, adding: “We were fully committed to making the GreenSky project a success, but several factors contributed to Solena’s failure including falling oil prices and lack of policy support for such projects in the UK.

“The companies to whom we are talking about a future partnership remain confidential.”


Thurrock Council leader John Kent said he was shocked and disappointed at the news and criticised the lack of apparent Government support for the scheme. He said he had written to Energy Secretary Amber Rudd about it.

He added: “Over past decades, Thurrock has suffered as the dumping ground for London’srubbish. This stood that history on its head, and would have put this country at the forefront of this type of technology.”

[fluky] 13/1/2016 23:44

With regard to my earlier post regarding Pummell's role at ACAL Energy dd 9-Jan: the Abbreviated Account for the year ended 31 March 2015 states: "The Interim CEO David Pummell, left the Company in March 2015. The strategic and operational management of the Company has since been led by the Chairman Michael Baunton supported by the CFO Joanne Dunne." Hopefully, he will be more successful at Velocys than at ACAL and Ceres...

[fluky] 13/1/2016 14:15

Let’s be realistic, GTL or even WTL is a no go at the current crude oil price. Everybody knows that it will go up, the question is when. That is the reason why both Red Rock & Ashtabula and the other projects are moving so slowly.
East Oak is a demo plant, so economics are not important per se. The objective is to prove the technology, which is conditio sine qua non for Velocys' survival.

[gac141] 13/1/2016 13:25

Beeezzz- you are forgetting East Oak... and hopefully Red Rock and Ashtabula and other projects that were close to FID not yet in public domain..so the company and Analysts say.... Just want to see evidence of them...

[beeezzz] 13/1/2016 13:19

VLS...is just another typical AIM stock full of promise only to fail the ultimate test producing a saleable product, or convincing the market this has potential.

[gac141] 13/1/2016 11:52

Fluky- You will always find environmentalists who will fight anything and I think the Red Rock project has got so much backing from all other quarters.

[pictureframe] 13/1/2016 11:08

Short this share - it never holds a gain

[meijiman] 13/1/2016 11:05

Another exciting day here I note. wonder what's in in new ceo's in-tray. Probably an old sandwich wrapper and some technical magazines.If all the 'projects' had been delayed or cancelled would they say anything? Probably not.The great potential of Oxford Catalysts seems like a distant memory.

[fluky] 12/1/2016 21:18

The Red Rock project is encountering resistance: hxxp://www.counterpunch.org/2016/01/12/scorched-earth-military-forest-to-fuels-in-oregon/

[arf dysg] 12/1/2016 16:54

Well, that statement about excitement was followed by: "First and foremost it is immensely gratifying to see the manufacture of catalyst and reactors for our commercial reference plant completed successfully."

That's actual hardware being made for sale. The progress of the commercial reference plant is going to be enormously illuminating.

[meijiman] 12/1/2016 14:27

Meant in jest-agree they have alluded to things. I once went to a presentation given by Roy Lipski who in fairness is pretty good at that sort of thing -he alluded to lots of things as well. It was about 5 years ago.

[gac141] 12/1/2016 14:23

I understand your Sarcasm..What I want to hear is what is it that they seem to be alluding to that is not in the public domain ....yet...???

[meijiman] 12/1/2016 14:11

Thanks gac141.I'd completely forgotten that there was a very real feeling of excitement in the air at Velocys.I feel much better about my share holding now.

[haydock] 12/1/2016 13:52

Puzzled that for a company with such a superb range of patents, they have been unable to change direction. Too like the Titanic at the moment.

Even the original Titanic, that I have been waiting for 10yrs to change direction has now begun to find smaller quicker projects.

QFI even in this mkt is going to achieve this yr.Deals signed if not production.

On the same life raft both sets of LTH folk, but time for a few flares from VLS ?

[pictureframe] 12/1/2016 13:32

Not in this one are you beeezzz?

[beeezzz] 12/1/2016 13:25

Oil price is not helping or strong $ both having the same effect.

[gac141] 12/1/2016 13:24

TREND WATCH: Around 3.5% of the world’s natural-gas supply was wastefully burned, or ‘flared’, at oil and gas fields in 2012, according to the latest estimates from satellite data1.

The United States has the greatest number of flares, but Russia leads the world in the total volume of flared natural gas (see chart, 'Top natural-gas-flaring nations'). In 2012, the 143 billion cubic metres of gas flared led to the emission of more than 350 million tonnes of carbon dioxide, around 10% of the annual emissions of European Union member states.

Estimates for later years have yet to be published. But a preliminary analysis suggests that the overall volume of gas flared has remained fairly constant, says Christopher Elvidge, a remote-sensing specialist who leads a team at the US National Oceanic and Atmospheric Administration (NOAA) in Washington DC that collects gas-flaring data.





Ref 1
Flaring is common in oil and gas fields because producers deem it faster and cheaper to burn natural gas than to capture and use it, typically because they lack pipelines to economically transport the gas to market. But official data on the extent of the practice are scarce.

Related stories
Study finds relatively low emissions of methane from major US gas fields
Wasted energy
Oil boom raises burning issues
More related stories
In a 25 December paper, the NOAA researchers report tracking flares using an instrument aboard a NASA weather satellite that takes images of Earth in infrared and visible light1. (Previously, the team had used images from a US Air Force defence satellite, but a degradation in the satellite’s orbit made it impossible to collect accurate global data on gas flaring).

“Flaring is an unproductive waste of a valuable, non-renewable resource and a significant source of carbon dioxide and methane emissions,” says Bjørn Håmsø, who manages the Global Gas Flaring Reduction Partnership at the World Bank in Washington DC.

The World Bank aims to end routine gas flaring at oil production sites around the world by 2030, in an initiative launched last year. Some 45 governments, organizations and oil companies had signed up to the plan by the end of the international climate negotiations in Paris.

High-quality national estimates, with detail on how much natural gas is being burned off where, will help governments to implement policies to reduce flaring and track progress, Håmsø says. Estimates for subsequent years are expected to be published in the next few weeks.



Is the opportunity still there...that is what we need to hear from the company.

[pictureframe] 12/1/2016 12:48

Need to update asap

[gac141] 12/1/2016 12:41

Just a reminder.. just a coupleof months ago- I doubt anything has drastically changed but we just aren't hearing anything..

"There is a very real feeling of excitement in the air at Velocys. Everywhere I look within the business I see people delivering tangible results. First and foremost it is immensely gratifying to see the manufacture of catalyst and reactors for our commercial reference plant completed successfully. Elsewhere I see our past R & D efforts, our investment in new facilities and the highly-skilled business people, process engineers and scientists who work for Velocys, coming together to form a powerful team, fully capable of selling, designing, delivering and commissioning commercial gas-to-liquids (GTL) plants. Progress is accelerating to further refine our technology so that it is optimised not only for peak performance but also to meet robustly the challenges of everyday operation.

To take two specific examples; we have installed a single core reactor as a permanent resource at our Ohio technology centre. It has the same workspace conditions as a reactor in a commercial plant, and so provides a valuable facility for training employees of Velocys as well as our partners Mourik in the methods of in-situ catalyst loading and unloading. Elsewhere, at our pilot plant, we have improved upon the protocols required to run a commercial plant. For example, plant start-up protocols now enable the plant to reach target conditions more than six times faster than they did 18 months ago. As a direct result, our commercial plants will have increased availability, further improving their economics.

The low oil price continues to make a difficult market for conventional and arbitrage-driven GTL projects. But many opportunities remain where our combination of advantaged technology (high yield of higher value products) and ready deployment at smaller scales (modular facilities) can contribute to meeting a real need, whether it be reduction of gas flaring, the demand for high-performance waxes and lubricants, or sustainable fuels. We are working hard with our partners and customers to bring a number of these attractive opportunities to fruition. This focused approach suits us very well at this stage of our development. I remain excited about our business, and above all about seeing our commercial reference plant take shape"

[meijiman] 12/1/2016 12:13

Wonder if closing this down and returning cash to shareholders might be a better move.They need to deliver on something and fast -waffle was the speciality of the previous ceo and promising great things -to raise money. They seem to infer there is plenty going on but there is scarcely any news that would make you think this might be a worthwhile investment opportunity.

[gac141] 12/1/2016 12:07

I am looking for the CEO to set out his strategy in quick time and to provide an update to the market of ALL current activity that is not under a confidentially clause.

With the share price down to 10% of that 18 months ago- They owe us that for sure.