Velocys Share Discussion Threads

[raleigh43] 25/1/2023 15:07

This is long term approach.
The projects will certainly keep shuffling forward.
2027 for the big news?

I'm locking some away until then. Money I fell will reap rewards over time but DYOR

[would be rude not to] 25/1/2023 14:56

Yes!

But dyor of course.

[wasntreallysurewhatwasgoingon] 25/1/2023 14:54

Should I buy now?

Was the news good enough?

[deutsch4] 25/1/2023 13:36

Good stuff....'A new route map'.....we may see some product sold and hence revenue before long.. and maybe then a revolution can begin.

[mcmather] 25/1/2023 12:32

Re Bayou, RNS 10 Nov 2021; “Through the combination of biogenic feedstock, renewable power and carbon capture and storage, Velocys' carbon mitigation technology will enable the commercial-scale production of SAF at the Bayou Fuels plant with a strongly negative carbon intensity of up to -144g CO2e/MJ, which is expected to achieve a total of 6.5 million tonnes of avoided CO2 over the term of the contract”

And Betchel; “Bechtel and Drax partner to identify opportunities to construct new bioenergy with carbon capture and storage (BECCS) power plants around the world”.

[smackeraim] 25/1/2023 12:05

Bechtel Corporation is an American engineering, procurement, construction, and project management company founded in San Francisco, California, and headquartered in Reston, Virginia. As of 2022, the Engineering News-Record ranked Bechtel as the second largest construction company in the United States.Revenue: 17.6 billion USD (2020)

[sandy12345] 25/1/2023 12:02

More to follow. Have added!

[mcmather] 25/1/2023 11:32

Decent 'little' development.

[raleigh43] 25/1/2023 11:32

If the momentum lasts i will add. This is long term share but SAF is gonna be essential.

[skinny] 25/1/2023 11:31

The RNS :-

.




Velocys and Bechtel collaborate on SAF project delivery solution for global markets

Developing the plans for innovative sustainable fuel production facilities in the UK and the US

Velocys plc (VLS.L), the sustainable fuels technology company, is pleased to announce the execution of a master relationship agreement ("MRA") with Bechtel Limited ("Bechtel"), one of the world's most respected engineering companies. The MRA sets out a route map for the parties to collaborate with each other with the objective of developing an EPC execution model for the Company's sustainable fuels projects.

This collaboration will initially focus on Velocys' two main reference projects - Altalto Project in Immingham, UK and Bayou Fuels Project in the US - and the recently announced e-Alto power-to-liquids project in the UK, all subject to the terms of future contracts. However, the MRA also covers other third-party projects that may be introduced by either Bechtel or Velocys.

Under a separate continuing technical services agreement, Bechtel is providing front end project engineering and other technical services to support the development of Velocys' Sustainable Aviation Fuel ("SAF") project portfolio. In particular Bechtel is preparing to commence work on delivery of the Altalto Project Front-End Engineering and Design phase ("FEED") following the recent UK government grant funding of up to GBP27 million awarded to Velocys.

Henrik Wareborn, CEO of Velocys, said:

"The master relationship agreement with Bechtel is an important step towards the provision of world class EPC capability and capacity to the expanding Velocys project portfolio. Bechtel is one of the world's most respected engineering companies. Working with Bechtel will give added value to current and future clients with respect to successful project delivery."

Paul Marsden, President, Bechtel Energy, said:

"We are committed to supporting revolutionary energy transition projects designed to reduce global carbon emissions. As part of Bechtel's portfolio in sustainable fuels, we are excited to collaborate with Velocys and look forward to realising the potential of these facilities to introduce sustainable fuel options for global markets."

Certain information contained in this announcement may constitute inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.

[z1co] 25/1/2023 11:29

deutsch4

Jam comes early sometimes!

Enjoy your R U T

[raleigh43] 25/1/2023 11:25

Be htel adds validity and the share ticks up.

[z1co] 25/1/2023 11:18

Can smell the shorts frying!!

[z1co] 25/1/2023 11:16

Excellent news

[deutsch4] 25/1/2023 10:16

So..Revolution not starting yet......still in the Jam Tomorrow rut.

[z1co] 24/1/2023 19:54

Velocys, the sustainable fuels technology company, announced on 12 December 2022 that it had received a grant of £27m from the Department for Transport (“DfT”) Advanced Fuels Fund competition for the Altalto Sustainable Aviation Fuel (“SAF”) project, which is being developed under an existing Joint Development Agreement between Velocys and British Airways to deliver a commercial waste-to-SAF plant in Immingham, UK. Velocys also announced that it had received a separate DfT grant of £2.5m to contribute its technology to an e-fuels project in the UK in collaboration with a number of new and existing partners.

This morning’s announcement by DfT confirms the strategic importance of this award as part of UK Government’s drive to have five SAF plants in construction by 2025.

The £165 million Advanced Fuels Fund provides grants to support the development of commercial-scale SAF plants that are at an advanced stage, enabling them to become ready for investment and construction. The key objective of the Advanced Fuels Fund is to kick-start the UK advanced fuels sector with the commercial deployment of innovative fuel production technologies, such as Velocys’ IP-protected technology, that are capable of significantly reducing lifecycle carbon emissions in the aviation industry.

Transport Secretary Mark Harper said:
“Using waste or by-products to refuel airliners sounds like a flight of fancy, but thanks to £165 million of Government funding it’s going to help us make guilt-free flying a reality.

“It’s exactly this kind of innovation that will help us create thousands of green jobs across the country and slash our carbon emissions.”

Jonathon Counsell, IAG’s Group Head of Sustainability, said:
“Investing in sustainable aviation fuels (SAF) is one of the best opportunities our industry has to decarbonise. We’re delighted that Velocys has received crucial financial support in the UK from the Department for Transport Advanced Fuels Fund.

“IAG has committed US$865 million in SAF purchases and investments to date. With the right policy support to incentivise further investment, the UK could see many SAF plants built over the next decade, creating 6,500 jobs, and saving over three million tonnes of CO2 per year as well as improving the UK’s energy security.”

Cllr Philip Jackson, leader of North East Lincolnshire Council, said:
“I’m really pleased to see this announcement for the project. We have been working with Velocys for several years now – investment on this scale will always take a significant length of time, but this will allow the plans to progress to the next stage.

“We have been working to make North East Lincolnshire a top competitor for green energy investment decisions, and we have grown our credentials, both onshore and offshore, greatly in the last few years.

“We will continue to work with Velocys to land this important project, and help create local jobs for local people.”

Henrik Wareborn, Velocys CEO, said:
“We are encouraged to see that the UK Government is taking seriously the urgent need to transition to lower carbon travel and transport, with its stated ambition of having at least five commercial scale SAF plants under construction in the UK by 2025. Velocys’ IP protected technology provides a pathway to large-scale production of SAF, which is an essential element for achieving net-zero-carbon air travel.”

[raleigh43] 24/1/2023 19:01

Hmm thanks. I thought the recent gov grants awarded showed massive confidence in vls. I jnderstand they need to be matched in April by private funding.

[fluky] 24/1/2023 18:55

Raleigh45: Altalto and Bayou Fuels are Velocys own projects. Two companies licensed their technology and bought their FT reactors and catalyst: the now defunct Red Rock Biofuels and Toyo Engineering. There is little public information about Toyo's biomass to fuels activities.

[z1co] 23/1/2023 17:38

Wow the share price finished at 4.20p UP by a massive 2.7%!!!

[raleigh43] 23/1/2023 17:03

Do you have a list of the projects that do include VLS please?

[fluky] 23/1/2023 17:01

Fulcrum uses the bp-Johnson Matthey FT technology.
The only plants which used the VLS FT technology are the ENVIA plant in Oklahoma City, OK and the Red Rock Biofuels plant in Lakeview, OR. The ENVIA plant was short lived and was abandoned after one of the reactor assemblies developed a leak. The Red Rock Biofuels plant was never completed and the company went in foreclosure. The plant will be sold on February 9.
The probability that bp will use the VLS FT technology in the UAE is extremely small.

[fluky] 23/1/2023 12:31

Raleigh43: Fulcrum is producing!