Velocys Share Discussion Threads

[deutsch4] 19/12/2022 12:44

Probably already spent the grant on christmas bonuses!

[mikejoseph] 18/12/2022 20:39

"Sustainable aviation fuel is poised for exponential growth thanks to increased investment and policy support"

[hxxps://www.scientificamerican.com/article/cleaner-jet-fuel-is-poised-for-takeoff/]

[mikejoseph] 18/12/2022 20:26

An interesting read:

hxxps://www.thetimes.co.uk/article/its-been-tough-but-i-would-still-do-it-all-again-says-warren-east-n678wz077

[deutsch4] 16/12/2022 16:54

Who will supply the fuel and where is it made?

[schow] 16/12/2022 13:33

https://www.gov.uk/government/news/worlds-first-net-zero-transatlantic-flight-to-fly-from-london-in-2023

[schow] 16/12/2022 13:30

Does any know if Virgin Atlantic will be using VLS fuel for their net zero flight to New York.

[z1co] 15/12/2022 21:07

firestorm

Thanks for your kind words.

[firestorm911] 15/12/2022 20:35

GL Zico.


Regards,
F911

[firestorm911] 15/12/2022 20:33

NP Zico, in reality, I made a mistake; he bought back 11p, not 9p and then placing came, then got smashed for 12 months. After he sold at 14p, he was negative, claiming P&D around, then bought back at 11p, and he was so enthusiastic again.




12 Nov '21 - 20:40 - 4715 of 5861 0 1 0
The volumes had been dropping over yesterday and today and dried up along with the buying around lunchtime and 14p, so a likely drop wasn’t exactly a wild guess.

Out then and back in at 11p ish half luck half judgement but easier sitting on original much lower purchase.

Lets see what the weekend news brings.

[z1co] 15/12/2022 19:22

Nice one firestorm.

[firestorm911] 15/12/2022 18:57

I remember that muppet Yump sold at 12p deramped then bought back 9p, and then lost all his money.

Zico do not waste your time with that idiot.

[raleigh43] 15/12/2022 14:27

This has patience written all over it. You need a long term view to get the multi baggers. I hold a lot and will be buying more on a 3 to 4 YEAR view.
Happy to punt a few grand as SAF is needed and they are getting the funding to achieve it.

[z1co] 15/12/2022 11:55

Which translates to:

The company has enormous potential for it's products and backed by massive offtake agreements.

[deutsch4] 15/12/2022 11:19

More 'Jam Tomorrow'

[z1co] 15/12/2022 08:57

Government backs clean avgas firm Velocys with £29.5 million

By Alban Thurston -December 12, 2022

Sustainable aviation fuel innovator Velocys today saw its share price surge 19%, as it celebrated securing two government grants totalling nearly £30 million in its quest to make planes’ motion lotion out of dead plastic.

Backed already by British Airways, the Oxford-based enterprise is partnering to build a plant on Humberside, designed to convert end-of-life plastic waste into SAF, or sustainable aviation fuel.

Easing the plant’s construction is £27 million announced today from Whitehall’s £165 million Advanced Fuel Fund, awarded to Velocys’ wholly owned subsidiary Altalto Immingham.

Injected into the project’s figurative combustion chamber between now and March 2025, the award will propel front-end engineering design for the SAF project.

Necessary to securing the public cash, however, is a 50:50 burn mix with private capital, yet to be confirmed. Letters of intent already secured by Altalto Immingham underpin existing and new partners to inject private cash, timed to be place by April 2023.

Velocys’ cash contribution into the Altalto Immingham project over the two years from April 2023 is not expected to exceed £8 million, it told investors. Participation by new backers may further reduce that sum.

Front-end engineering design (FEED) covers validating and securing licensors‘ technology packages, drawing up the plant’s EPC contract and confirming necessary additional commercial terms.

Given a smooth ascent to full funding, construction of the plant is scheduled for 2025, and its first SAF could flow in 2027. Once building begins, Velocys will charge its partners license fees for its technology.

Today’s funding pledge is Velocys’ biggest received to date for Altalto Immingham. Earlier support including £1.7 million from the Green Fuels, Green Skies competition overseen by the Department for Transport and a series of grants totaling £934,000 from that fund’s predecessor.

Also announced today, a second grant from the same government fund, this time of £2.5 million, will support efforts by Velocys & partners to conduct feasibility, technical validation, site selection and pre-FEED engineering studies for a separate e-fuels project. Instead of end-of-life plastics, carbon dioxide and hydrogen are intended feedstock to prime another UK SAF venture.

“We are extremely pleased the UK government has awarded Velocys these important grants”. said Henrik Wareborn, CEO of the avgas chemists.

“We welcome this clear commitment to having commercial SAF plants built in the UK”, he added. “We are delighted that a number of large commercial companies have indicated their support for the project through indications of matched funding contribution and the provision of services to progress the project.”

US carrier Southwestern and IAG, owners of British Airways, Aer Lingus and Vueling, have signed outline off-taker agreements for the Immingham plant’s output. Velocys has also embarked on technical trials with Japanese petrochemical engineers Toyo Corporation.

[z1co] 14/12/2022 15:57

yump

You're not doing too good in IES.That's what happens when you buy the spike and company raises funds.

Has to be a yump special.

You keep making the same mistakes.

[yump] 14/12/2022 14:21

Thumbs down probably meant for me. I’m mortified, what an awful thing to see, I’ll never be the same again ;-)

[dogwalker] 13/12/2022 20:50

That was a bit harsh, marking me down for chipping in there!
Edit: thanks for changing it!

[z1co] 13/12/2022 19:55

You're changing the rules now but it does not bother me the slightest what you think.

[yump] 13/12/2022 19:02

Zico

Tell you what, stick to VLS - I’m sure everyone would prefer that. I will debate immo on the immo thread, flx on the flx thread, bowl on the bowl thread, ies on the ies thread, srt on the srt thread.

Is that enough examples to get the point across to you ?

[dogwalker] 13/12/2022 18:47

(IMMO's into China which is coming out of lockdown...lots to look forward to from there.)

[z1co] 13/12/2022 17:50

These have a hell of a more chance of spiking than your investment in IMMO.

[z1co] 13/12/2022 17:35

Someone else is also very confident buying 1,550,000 shares @ 5.222 for £80,941.

[z1co] 13/12/2022 17:30

It's been 13 months since the company signed the two offtake agreements so there is very good chance of another offtake agreement.

They have been receiving enquiries and it's not like they have been sat idle.