Velocys Share Discussion Threads

[goodgrief] 18/6/2018 09:53

Still years away from decent revenues. Another fund raising must be on the cards before any new plant comes on stream. In fact since the "first finished, saleable products produced in June [2017]" from ENVIA, revenues for FY17 dropped £0.6M to £800,000.

[ironswi] 18/6/2018 09:27

Yes, hope leak fixed ASAP

[pictureframe] 18/6/2018 09:18

Until the leak news is updated I cant see this moving above 15p. Concern over potential costs.

[seadiver] 18/6/2018 08:54

Eventually we will, you are right.

[imjustdandy] 18/6/2018 08:16

A good opportunity to break 20p more like. Very big news

[seadiver] 18/6/2018 08:03

A good opportunity to break the 14 level.

[kirk 6] 18/6/2018 07:30

Shell on board.....

[seadiver] 18/6/2018 07:24

The clean fuel business has massive potential! In fact, is must have in order for us to be able to breath clean air!

[kirk 6] 18/6/2018 07:21

Big news Velocys PLC Development funding secured for UK projectSource: UK Regulatory (RNS & others)TIDMVLSRNS Number : 6371RVelocys PLC18 June 2018News releaseVelocys plc("Velocys" or "the Company")18 June 2018Development funding of GBP4.9m secured for next stage of UK waste-to-jet fuel project from industry partners and Department for TransportVelocys plc (VLS.L), the renewable fuels company, is pleased to announce that GBP4.9m of funding has been secured to deliver the next development phase of the waste-to-sustainable jet fuel project that the Company is developing in the UK. As part of the funding package a grant of GBP434k has been secured from the Department for Transport (DfT) under the Future Fuels for Flight and Freight Competition (F4C). The award of this grant, together with ongoing policy support provided by the Renewable Transport Fuel Obligation, will help this innovative waste-to-fuels project bring jobs and clean growth to the UK. The project is being developed with the financial and technical support of Shell and British Airways.Highlights -- Initial feasibility stage of project development successfully completed. -- Project awarded GBP434k under the F4C. -- Next stage to include detailed pre-FEED (Front End Engineering and Design) engineering study and site permitting activities, fully funded by a combination of the F4C grant and GBP4.5m committed by the industry partners including Velocys.- Velocys will continue to lead the project and has committed GBP1.5m to this next development phase, a significant proportion of which is in the form of an in-kind contribution. - The next stage of the project will be developed by Velocys, Shell and British Airways. The team is developing the engineering and business case for the construction of a first plant in the UK. Subject to a final investment decision, this plant will 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, to be used by British Airways, is expected to deliver over 70% greenhouse gas reduction and 90% reduction in particulate matter emissions compared with conventional jet fuel. This would contribute to both carbon emissions reductions and local air quality improvements around major airports. The project partners expect to reach a final investment decision in the first half of 2020.David Pummell, CEO of Velocys, said:"Successful funding of this next development phase further demonstrates the strength of Velocys' renewable fuels business. Today the UK has taken another step forward towards becoming a world leader in low carbon aviation. Government funding, recent policy changes and successful completion of the feasibility study have enabled Velocys and its partners to move forward to the next phase in developing the UK's first waste-to-renewable jet fuel plant. With Shell and British Airways we have a terrific set of partners to complete the project."Alex Cruz, CEO of British Airways, said:"We are very pleased that the Government has recognised the importance of alternative fuels for aviation and has supported our joint project with Velocys which will help to reduce carbon emissions and create UK jobs and growth."Anne Anderson, Vice-President Shell Aviation, said:"Shell's ambition is to be a leader in advancing the sustainable solutions that can deliver a low carbon future for the aviation industry," said Anne Anderson, Vice-President Shell Aviation. "In addition to combining innovative technologies with a diverse set of technical expertise and industry backgrounds, this project brings together partners across the aviation industry that share this aim. Biofuels can play a valuable role in a future low carbon energy system, and especially in sectors like aviation where the alternatives to liquid fuels are limited."Chris Grayling MP, Secretary of State for Transport, said:"The waste-to-jet fuel project has the potential to help transform the aviation industry by reducing greenhouse gas emissions and improving the air quality around our country's airports."That is why we are providing support to this important technology as part of our GBP22 million of funding for alternative fuels, which will pave the way for clean growth in the UK."Supporting important developments like this is just part of our work to help ensure our aviation sector is greener than ever, and we will explore further measures as part of our Aviation Strategy."- Ends -Annex:The project partners are:-- Shell, the international energy company, which is supporting the project with technical expertise.-- British Airways, the UK's largest international airline, which intends to fly with the jet fuel made in the plant.-- 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.Advanced Plasma Power (APP) has been selected as preferred gasification technology licensor for this UK waste-to-fuels project. APP offers an efficient and tested solution for conversion of waste to synthesis gas (for onward conversion to fuels via Velocys' Fischer-Tropsch process). Velocys will be working with APP during the pre-FEED stage and, subject to appropriate conditions being met, intends to use its technology for the project.The F4C initiative aims to increase domestic production of advanced low carbon fuels capable of tackling emissions from the hard-to-decarbonise aviation and HGV sectors. It is also intended to stimulate investment and to create jobs through the development of a prosperous domestic industry.In a boost to the long term commercial viability of the project, changes to the Renewable Transport Fuels Obligation (RTFO) came into force on the 15 April 2018. For the first time, renewable jet fuel is to qualify for credits under the RTFO, providing long term policy support for sustainable aviation fuels.For further information, please contact: Velocys David Pummell, CEO [phone] Numis Securities (Nomad and joint broker) Alex Ham Stuart Skinner Jamie Lillywhite Tom Ballard [phone] Canaccord Genuity (Joint broker) Henry Fitzgerald-O'Connor Ben Griffiths [phone] Field Consulting (Project public affairs) Chris Rumfitt Lyndsey Drea Rob Jeffery [phone] Camarco (UK financial communications & PR) Billy Clegg Georgia Edmonds Tom Huddart [phone] Scoville Public Relations (Velocys US public [phone] relations) #1 John Williams Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.Web | TwitterThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.ENDMSCLLFLARVIDLIT(END) Dow Jones NewswiresJune 18, 2018 02:00 ET (06:00 GMT)

[fluky] 13/6/2018 12:43

Day 30 since the leak was announced. This is too long without an update. Good or bad an update is needed. Pummell has to send out an update or he will face some tough questions at the AGM.

[fluky] 07/6/2018 22:38

Enerkem is privately held.

[trinko] 07/6/2018 21:41

Where they are listed and ticker name

[fluky] 07/6/2018 20:30

Trinko: what do you want to know about Enerkem?

[trinko] 07/6/2018 19:43

Fluky where can I find quote for ENERKEM?

[fluky] 07/6/2018 17:31

A new tweet from @VelocysPLC cites a Biofuels Digest article “The Carbon Rescuers: 20 Top Waste projects and breakthroughs that capture used carbon from the waste pile for new uses” which includes Velocys’ two projects: Red Rock Biofuels and the UK project.
hxxps://t.co/zcQNP9sjoV

Have also a look at project #5: Enerkem to build EUR250 million facility in Spain in collaboration with Suez. That means that Suez will be able to compare the Velocys technology and the Enerkem one side by side. Enerkem has an advantage since they have already a plant in operation in Edmonton, Canada.

[gac141] 07/6/2018 11:56

Good news for Velocys.. RINS had taken a bit of a hit recently as Trump had worried people about RFS.

[arf dysg] 07/6/2018 10:12

The empire is always talking about breaking the resistance, but the rebels win in the end.

The Vogons keep shouting that resistance is useless. The Borg say that resistance is futile. We know better.

[seadiver] 06/6/2018 14:17

Consolidation period before we break the resistance round 14 level.

[mikemine] 05/6/2018 14:18

I posted this on LSE today. I thought I might post here as well.

"The new runway at Heathrow has finally been approved.



Chris Grayling who announced it parliament " said it would only proceed if air quality obligations were met."

The time is right for the BA consortium to seriously get to work on providing the biofuel that will enable them to meet the air quality obligations. I wouldn't mind betting that our CEO will get a phone call shortly from BA asking about how quickly the proposed plant get be brought on-line. VLS are in the right area alright."

[seadiver] 05/6/2018 13:12

12=support and 14=resistance! We need a break through?

[arf dysg] 05/6/2018 12:44

Aww, it would only need to be an eetsy-weetsy teeny-weeny little break...

[kirk 6] 04/6/2018 16:21

Arf that's just ramping

[arf dysg] 04/6/2018 08:54

...and a break above 200p would be even better.

[kirk 6] 03/6/2018 18:46

Break above 20p would be good this week including fixed leak. Nice few buys at 14p on Friday

[fluky] 02/6/2018 09:36

Day 18 since the news release about the leak. I am sure we'll know right away when the issue is resolved.

A couple of additional remarks to my post #1750 about the technology. It takes time to get the reactor cores and the ancillary systems out of the reactor assembly to diagnose and fix the problem if this is required. In addition, they will have to protect the catalyst while they are getting into the reactor assembly.

Getting the reactor assembly back on line is a complex procedure which might require a shut down of the plant, unless the one reactor assembly configuration was part of the original design.