Velocys Share Discussion Threads

[visionon] 21/10/2017 17:57

fluky, only lightly scything...GAC will be confused.

[fluky] 21/10/2017 16:06

I am sure Natchez is hoping the same. For them it might mean third time's the charm after the KiOR and Rentech disasters.

[visionon] 21/10/2017 16:06

GAC. another date for your diary, and you can petition your MEP pointing out that companies like VLS have a better more sustainable solution.

This 23rd October vote will be interesting because the UK (for a change) has already taken the lead in reducing crop based biofuels permissible under RTFO. Given the vast quantity of flights in and out of the UK that ups the pressure on the EU to do likewise or look out of touch. A recent study revealed that 50% of EU biofuel is imported and from things like palm oil. Tut tut.

Deutsch your post 769 looked vaguely optimistic. Are you unwell ? 😉

hxxps://www.transportenvironment.org/news/stop-biofuels-fuel-climate-change-and-hunger

[visionon] 21/10/2017 15:52

GAC just the small matter of the Misisipi River...suggest you google 2011 floods.

[gac141] 21/10/2017 14:23

I don't think we'll need any miracles..but a bit of divine intervention will not be turned way :)

[deutsch3] 21/10/2017 14:04

The surname 'Lazarus' just has to be a good omen.

[gac141] 21/10/2017 13:04

UK-based renewable fuels company coming to Natchez
BY KENDRA ABLAZA, REPORTER 15 HOURS AGO

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United Kingdom-based renewable fuels company Velocys PLC will build its first U.S. biorefinery in Natchez, citing an attractive regulatory and tax regime and the abundant local supply at a low cost among its benefits.

Velocys announced on Friday it signed a site option agreement with Adams County, where it will build a plant that will convert wood products into biodiesel and jet fuel. The 100-acre site is located on River Terminal Road near L.E. Barry Road, about a mile from the Mississippi River, officials said.

Scott Slover, attorney for the Board of Supervisors of Adams County, said the existing industry in Natchez is also a good fit for the plant thanks to its history supporting the city’s former International Paper mill, which closed in 2003.

According to the Mississippi Business Journal, the mill opened in Natchez in 1950, and its closure left 640 employees without jobs and devastated the local economy.

“Since then, wood products haven’t had a good market,” Slover said. ” … (This will) fill a void that we had due to the previous plant closing.”

The biorefinery will bring 40 jobs into the area, some with salaries around $100,000, Slover said.

The company says they were also offered economic development incentives from Adams County estimated to be worth about $42 million, the statement said.

Adams County has also granted commitments for land and site upgrades worth around $4 million for the 100-acre site, Velocys said, and $1 million site upgrade commitments from local utility suppliers.

The project could qualify for more incentives worth up to $15 million through Mississippi’s Advantage Jobs Act and other tax incentives, the company said.

Velocys had analyzed 12 possible sites in four states, but factors like Adams County’s availability of land; a local workforce skilled in the forestry industry; and supporting infrastructure drew them to the site.

Adams County Board of Supervisors president Mike Lazarus has echoed how the area contributes to Velocys’ success and vice versa.

“These quality jobs, significant investment and purchases of area forestry products will have a huge and meaningful impact on our area and local economy,” Lazarus said in a statement.

[gac141] 21/10/2017 12:35

Thanks vision on Natchez is nearly 300km inland but if a hurricane blows over a few trees we'll turn it in the something useful ;)

[visionon] 20/10/2017 18:23

Well the Natchez Democrat community newspaper seems to have usurped Camarco and managed a far more detailed piece, complete with unfinished levee and financial clawback. Bit disappointed they didn't throw in a quote from you GAC to quash any fears about flooding in tropical storms. Something along the lines of "I have a strong feeling that would never happen..."

enjoy.

hxxp://www.natchezdemocrat.com/2017/10/20/renewable-fuels-company-to-locate-at-belwood/

[visionon] 20/10/2017 18:08

fluky, GAC is the yang to your yin. Without it the bulletin board would be very lifeless and not spin correctly on its axis. And vice versa, without your yin the board would be too rose coloured and self combust.

[fluky] 20/10/2017 15:12

I don't understand gac's optimism. There is one "biorefinery" in the planning phase since 2013: Red Rock Biofuels' plant in Lakeview, OR and they are still looking for funding. They received the USDA loan guarantee at the same time as Fulcrum, which has abandoned its loan guarantee according to the article visionon mentioned.

Another interesting read for the weekend is here: hxxp://www.heritage.org/sites/default/files/2017-10/BG3248.pdf

[gac141] 20/10/2017 14:43

I think Velocys has been very astute with this Bio-refinery site. Particularly interested that they had a potential of 12 sites over 4 states and they were clearly all open to financial incentives and tax breaks to make this work.

"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"

I am very impressed in the work and due diligence that they have put into this and I look forward to the next installment ......

This really is a most exciting period for Velocys and I expect us to be making the headlines again very soon.

[gac141] 20/10/2017 14:35

I think what he meant was minimising dilution to me and others.

[gac141] 20/10/2017 11:31

Thanks visionon.. always good to see your updates. There is no doubt there is plenty of room for Velocys and Fulcrum. California need to have 1.6 billion gallons by 2030 I think alone ...

I do think that the Milestone will be received very well and the share price accordingly as the wording in the results cast a huge shadow over the ENVIA plant and I feel was a major contributor for the 25% fall on that Friday. I think the Milestone announcement may recoup most if not all of that 25% and maybe even some more.

I did ask David about money some time ago and raised the concern of dilution to all of us on here. Although he could not be specific, which I understood. His comment was that there are many ways in which a company can raise money and he felt they could be very creative on this. I expect a raise towards the end of this year ..my guess.

[visionon] 20/10/2017 11:18

GAC. Fulcrum seem to have their nose ahead again. See update below and ref to loan guarantee being shelved in favour of another route.

hxxp://www.biofuelsdigest.com/bdigest/2017/10/19/heard-on-the-floor-at-ablc-next-2017-fulcrum-prices-bonds-gop-governors-pro-biofuels-asuatlt-oin-dc/

And without wishing to totally rain on your parade there is still the small matter of VLS running out of money in early 2018 if they don't secure more funding soon. No secret there. Thus I don't expect a key share price reaction just on ENVIA milestone news. The company also needs MONEY.

[deutsch3] 20/10/2017 10:08

" another step forward " - " waiting for the ENVIA milestone " - "the longest mile is the last mile home "- I hope it's worth waiting for gac - you deserve to be right!

[gac141] 20/10/2017 09:36

Now all we need is confirmation on the milestone from ENVIA and the Shares will do very well.................

[sheep_herder] 20/10/2017 08:51

Thanks for all the updates recently guys. I managed to top up my small holding the other day and am happy to hold long term now. Does look exciting for the future.

[gac141] 20/10/2017 08:14

This a very real next step towards our new biorefinery with US Gov backing.The site was one of a number of stipulations required to get this to FID. Great news!

[visionon] 19/10/2017 16:55

more related news. offsetting is a suspect area. better for CSR to fly on GHG fuels from genuine waste as proposed by the VLS/BA/Suez/Norma consortium.

hxxps://www.transportenvironment.org/press/aviation-ets-deal-reins-some-sector’s-special-treatment-more-effort-needed

[gac141] 17/10/2017 12:29

If you go back on my comments over the last few months that should give you a very clear idea.

On a separate note Oil is on the up $58 for Brent that should push up Bio Diesel etc