Velocys Share Discussion Threads

[visionon] 10/11/2017 20:24

hxxp://biofuels-news.com/display_news/13111/abengoa_helps_to_build_fulcrum_bioenergys_wastetobiofuels_plant_in_the_us/

Work starting on Fulcrum plant. The fact that it got funded is encouraging. The news that the EU are now backtracking on aviation biofuel criteria less so.

[visionon] 08/11/2017 17:45

£23m sounds logical.

TRI test. I think the USDA require 120 days running ie. 17 weeks. Judging by the recent Fulcrum article.

The interview was an improvement on the turgid BRR material. Thank you David Pummel for that.

GAC. Has the USDA timescale slipped by 6mths ? He said 15mths from now and plant running 3yrs from now.

The cheaper finance for subsequent plants makes sense, the same happens with wind energy etc. More known, less worried about.

[gac141] 08/11/2017 13:00

Have just checked out the full 20 min interview and here is a summary for the short on time:

The plan down the line is still to integrate our FT equipment with gasifiers, reformers, etc. "We're pretty damn good at that".

A lot of time and effort spent 12 months ago working out which markets VLS should be in. We're now in a real program, which is "driving forward at pace".

The BA & Suez project is also building "at pace".

Having ENVIA now working at commercial scale is "a fundamental shift of gears".

Revenue will come from selling technology through licensing, asset management and project management fees and operations capability (i.e. bringing in their own staff to tweak the plant and get it working at maximum efficiency). I take that to mean that the equity stakes are therefore just a nice little bonus on the side (although potentially very lucrative in their own right).

We won't be a capital intensive business - other people will provide the bulk of the finance on future projects. Our role is to act as the business model that allows other people's projects to progress. We aim to become the go-to people for these types of projects - "come to Velocys, because we know where to build them, we know how to build them [and] we will deliver them".

Natchez plant will be a 20m gallon p.a. It will produce either renewable jet fuel or renewable diesel, they haven't yet decided which. They don't need to until nearer the time. it's now about getting the programme to finance and getting it built. Should be selling products from it within 3 years.

UK plant should be selling products within 4-4.5 years, but hopefully quicker depending on the other partners.

They won't be sitting on their hands in the meantime. Over the next 3 years, the plan is to identify the sites for plants 3, 4 and 5. They want to accelerate a large number of plants into the market over the next few years.

Canaccord estimate £23m of funding is needed. What does David say, is that a reliable estimate and where will it come from? David didn't address the figure, but talked about what they will need money for. Primarily a feed study (detailed engineering study) for Natchez plant, plus licensing costs for partner technologies.

VLS has a fantastic relationship with the USDA and reckon they should have the $200m loan guarantee within 15 months. One key aspect of getting this is a joint demonstration trial with gasification partner TRI. This is kicking off shortly and will run for a number of weeks. It will prove to the USDA that if you put woody biomass into TRI's gasifier and feed it into our FT tech, we generate the products that we say we do. This takes money (which will also come from a future fundraise), but the end result (i.e. the loan) is well worth it.

We will attract D7 credits, as well as additional credits from individual states (e.g. California, Oregon). Makes the economics "highly attractive". Each additional project will generate higher returns, as we will start to attract lower rate debt. We will also be able to reduce construction costs through economies of scale, etc.

Strategy is to "sit across the table from large global energy companies and have a symmetric conversation with them". We're not in it for plant 1, we're "in it for plant 20, plant 30 and that's the approach"

Thanks to poster on iii

[deutsch3] 08/11/2017 10:26

Dreadful waffle no mention of income or return on investment - evasive of any information on Envia or when break even will arrive. - Not even jam tomorrow - If anyone has a useful alternative view let's hear it.

[gac141] 08/11/2017 08:24

David Pummell was on Investors Chronicle "Boardroom talk" last night. Did anyone hear it?

[visionon] 07/11/2017 16:11

hxxp://biofuels-news.com/display_news/13089/alliance_bioenergy_plus_inks_exclusive_brokerage_agreement_with_progressive_fuels/

Another technology making progress. They recently bought a mothballed ethanol plant and are converting it for their process.

[visionon] 06/11/2017 18:13

Fulcrum update courtesy of the excellent Biofuels Digest website.

Fulcrum are about 2yrs ahead of VLS and with partners who sound keen to get on and press home the advantage. Meanwhile VLS CEO puts out BRR stiff interviews telling us how proud he is of his staff - something we rather assumed...


hxxp://www.biofuelsdigest.com/bdigest/2017/11/06/chicago-fulcrum-bioenergy-picks-the-midwest-hub-for-its-next-msw-to-jet-fuel-project/

[arf dysg] 06/11/2017 18:07

hxxps://www.sciencedaily.com/releases/2017/11/171106100522.htm


a research team at Osaka University [...] used biomass

Existing methods can break the carbon-oxygen bonds in these molecules to create, for example, raw materials for plastics. However, breaking the carbon-carbon bonds [...] is harder


The method developed at Osaka is based on a new catalyst.
ruthenium [...] sitting on [...] cerium oxide.


tested their catalyst on other biomass chemicals. [...] the reactions always broke carbon-carbon bonds. This allowed them to produce, for example, cyclohexanol, an important chemical in the manufacture of nylon.


The new catalyst therefore fills an important gap in the chemist's toolbox of reactions.

[gac141] 06/11/2017 14:21

Oil price on the march..won't be doing Velocys any harm.

[25october1969] 03/11/2017 16:03

thugarton1

The previous announcement of total voting rights on 1 Aug 2017 showed 146,778,819 shares in issue....- therefore at end Oct another 81,000 have been issued ...at a value of around 30,000........however drop in share price from 40p to 36p = 4p per share equates to value loss of approx 146.85m x4p = 5,874,390

Conclusion - of the drop in value of over 5,874,390 only 30,000 can be accounted for by the new share issue..The balance as the song goes, is a mystery to me.

just sayin

[thurgarton1] 03/11/2017 10:11

Did I miss something?

This is part of a report posted against VLS news on ADVFN:

"The Company announces that, following the issue of new Ordinary Shares pursuant to the exercise of a share option during the month ended 31 October 2017 and their admission to trading on AIM under the Company's blocklisting, the total issued share capital of the Company is 146,859,819 Ordinary Shares, each with voting rights."

Might explain the reversal of the share price since Wednesday!!

[deutsch3] 03/11/2017 09:50

Vis - OK but there is stranded gas all round the planet and mass panic to move to some kind of clean diesel fuel - If I believe all that is written (I read) on this site we are sitting on a mountain of patents for FT, some battled for in the courts, and we appear to be waiting for grants to turn wood into product? - Starting with gas you are halfway there. - No brainer to me ....?

[visionon] 02/11/2017 20:43

Deutsche3 I suggest you do some basic reading and catch up with events and trends.

[gac141] 02/11/2017 18:18

visionon- I have sent Jim a message.

[realfreeloader] 02/11/2017 17:47

hxxp://www.biomassmagazine.com/articles/14802/omb-reviewing-final-rule-to-set-2018-rfs-rvos

[beeezzz] 02/11/2017 17:31

GoodGrief...

Whether its subsidies via taxes or consumers we always end up paying...



A white elephant - if you ever driven down the M4


VLS

[visionon] 02/11/2017 16:24

More industry news including mentions twice for Fulcrum and none for VLS. Makes one wonder whether Camarco bother fostering ties with the likes of the Digest.

GAC maybe you could contact the ever enthusiastic Jim Lane and mention the absence of VLS recent news from this article, it could have had more balance. Then send your bill in to Camarco.

hxxp://www.biofuelsdigest.com/bdigest/2017/11/02/breaking-news-dowdupont-to-exit-cellulosic-ethanol-business/

[visionon] 02/11/2017 16:03

These VLS BRR webcasts are increasingly amateurish. Clearly Pummel is reading from a sheet, to the extent that the last question got not only an answer but a goodbye. Bizarre ! He's sounding slightly Dalek like. Is someone pushing buttons ?

If Camarco think this is quality PR then perhaps it's time for a change. We need some proper interviewing and an ounce or two of transparency.

Still vague on RIN credits timing. I wonder if they filled the forms in wrongly...

Lots of "immensely proud" etc etc. The share price is a little more objective in its assessment.

Unimpressed

[goodgrief] 02/11/2017 13:46

"Wind farms, solar you name it green technology need subsides...period"

We've now got to the point where wind farms & solar can compete without subsidies!

hTpS://www.ft.com/content/f5b164a6-20f8-11e7-b7d3-163f5a7f229c

[meijiman] 02/11/2017 13:44

Yes let's hope the share price doesn't take a pummelling any time soon.

[goodgrief] 02/11/2017 13:43

Now that's funny... "putting wood-be competitors off"