Velocys Share Discussion Threads

[fern5] 18/1/2021 15:41

do you have a link to that gac?

[gac141] 18/1/2021 14:41

LONGSPUR
New note out this afternoon...

"Velocys has announced a change in the partnership developing the Altalto sustainable aviation fuel project with Shell moving on and Velocys now splitting the project 50/50 with British Airways. Despite being no longer formally involved, Shell remains supportive of the project in broad terms. British Airways continues to view the project as vital to its net zero target"

[mdchand] 18/1/2021 13:15

Remember, this isnt something BA is doing for fun. This is in response to govt legislation to reduce co2 emmission etc so this is a core critical mission for BA / IAG. I know BP are in this space and are JV'g with another third party doing the same thing. Be interesting to see who BA choses as they will probably have final say over any third party.

[volsung] 18/1/2021 12:34

I wouldn't get involved in shorting if you don't already know how to do it.
The best way for the retail investor is to open a spreadbet account

[ascov] 18/1/2021 11:45

Stop/lossed out this morning. Given that not long ago the price was below 2,and the enormous froth over green energy, my punt would be lower than 7. The withdrawal of Shell looks a major issue, if anyone is expert on producing fuel, it ought to be Shell and they had no competitor involved, so I would read that as them not really caring if a competitor did get involved, so they don't rate the prospects. Just leaves a hopeful customer, not a supplier .
On balance I think the punt would be to buy back in low on the hope that another supplier comes in . But it would need to be very low to tempt me again. If I knew how to short it, I think I would.....can anyone tell me how you do it ?

[mdchand] 18/1/2021 11:08

That said, from a technical perspective, you could wait until the share price reached 7p before taking a punt.

[mdchand] 18/1/2021 11:07

Disagree. Rightly or wrongly British Airways (and its parent company - IAG) are backing Velocys and any future partner will potentially get direct access to supplying fuel to all IAG Companies if they can get the tech to work.

So, I can see a lot of third parties looking at this very seriously. There are a lot of competitors in this market, but route to market is very important, and this is why BA's ongoing involvement is potentially so valuable.

You will note that the CEO of BA commented on the RNS announcement - which I took as a seriously reinstatement of commitment. If BA had left the agreement, that would have been terminal. So the ST gamble here is the commitment of BA to Velocys.

If Boris wants to support flagship renewables and the flagship airline carrier of the UK, he will find the necessary public funding to get Velocys up and running.

[owenski] 18/1/2021 10:56

This is not a business, it has no real sales or profits, it burns cash, other players are required to develop this and they will eat into any IP advantage VLS has, VLS is a small part project manager with some kit to rent out.

[volsung] 18/1/2021 10:42

A few more at 7.81p
I am insane

[inaminute] 18/1/2021 09:34

Always has been late to the job.

[mcmather] 18/1/2021 08:46

Agree hidden #3355; possibly a bit of a back-handed compliment.

[volsung] 18/1/2021 08:40

Bought a few more at 8.18p

[hiddendepths] 18/1/2021 08:29

Typical of Shell. They're renowned for needing to control things they invest in. Now they're focusing on becoming a green company it was, I suppose, inevitable that they'd develop and use their own technology instead of being in partnerships where they were not running the show.

A bit of an ouch all the same.

[ken chung] 18/1/2021 08:20

A fine short.Going down.Lemmings and mushrooms only.

[w1lbur01] 18/1/2021 08:18

Agree back to around 8. One of those jam tomorrow shares but in a reasonably balanced portfolio worth the risk reward if it happens.

[samsung2020] 18/1/2021 08:14

Not ideal but will bounce back. Expect we will finish in the mid 8's again today

[davidblack] 18/1/2021 07:28

Reasonably predictable given Shell’s retreat from hydrocarbon liquids towards natural gas.

[owenski] 18/1/2021 07:28

Ouch

This is still not a business, it's a concept and they need funding, lots of it.

[skinny] 18/1/2021 07:01

.

Project Altalto update

Velocys plc (VLS.L) announces that, by mutual consent of the parties, Shell International Petroleum Company Limited ("Shell") has withdrawn from the Altalto Joint Development Agreement.

The Altalto project has no immediate funding calls and will continue according to its existing development plan. Velocys and British Airways plc ("British Airways") will continue to work together in order to secure finance for the Altalto Immingham plant, and will continue the discussions with potential sources of finance for the project, which have been underway for several months and indicate strong interest in this sector. Velocys, British Airways and Shell are continuing to work with HM Government on policy development to support Sustainable Aviation Fuel ("SAF") production in the UK.

Velocys and British Airways are grateful for Shell's support during the initial stages of the Altalto project. As the project progresses, Velocys, British Airways and potentially other new partners will focus on the next stages. Preparations are underway to apply for significant government funding for the Immingham project. Whilst there is no guarantee that such an application would be successful, the Company believes that the project is well placed to achieve this.

Following the changes above, Shell will no longer have an option over shares in Altalto Limited, nor any rights or obligations in relation to the Altalto project. There is no direct financial impact on Altalto or Velocys as a result of these changes.

Henrik Wareborn, Velocys CEO, said:

"We are looking forward to moving Altalto Immingham to the next stage of development in 2021. Altalto Immingham is the most advanced commercial SAF project in the UK and is ready to take advantage of the strong push from both Government and industry for the decarbonisation of aviation, especially using waste feedstocks."

Sean Doyle, British Airways CEO, said:

"Sustainable Aviation Fuel (SAF) is vital to the decarbonisation of aviation and to helping us achieve our net zero target. The formation of the Jet Zero Council and the recent launch of its Sustainable Aviation Fuels Delivery Group are testament to the importance that the Government attaches to SAF. We are excited to continue to work with Velocys, with the support of Government and other private-sector partners."

Matthew Tipper, Shell VP New Fuels, said:

"Shell are pursuing multiple opportunities across our global portfolio. On this occasion, we have decided to focus our resources on other lower-carbon fuels opportunities which leverage our own technology. We will continue to work with the aviation industry and the UK Government, as part of the Jet Zero Council, to help decarbonise UK aviation. We wish Altalto every success in the future."

- Ends -

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.

[marketboy] 17/1/2021 13:03

Quite a lot of important reports out in the last few months:

[parsons4] 17/1/2021 08:29

I really believe it is happening in the background, remember they have big names as partners so they have to agree the contents of any RNS with them. They also need them for financing, publicity and many other things. I am quite confident we are about to see some fireworks here. Remember they are also Government backed and potentially World beating.

[fern5] 16/1/2021 21:14

hxxps://biofuels-news.com/news/sustainable-aviation-fuel-gets-royal-seal-of-approval/

[deutsch4] 16/1/2021 13:20

I can't believe that we don't have a small scale production unit running already.
Is anyone tasked with marketing. One aircraft on a regular domestic sized schedule
would set the green press alight all over the world. Small scale gas to liquid - ? Stop this Jam Tomorrow gravy train - - When will you get your act together guys?.