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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Velocys Plc | LSE:VLS | London | Ordinary Share | GB00B11SZ269 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.2725 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
By Matteo Castia
Velocys PLC said Monday that energy giant Royal Dutch Shell PLC has withdrawn from the joint agreement to develop the Altalto waste-to-jet fuel project in the U.K. by mutual consent.
"The Altalto project has no immediate funding calls and will continue according to its existing development plan," the sustainable-fuels technology company said.
Velocys said it will continue to work together with its other joint partner, U.K. airline British Airways, owned by International Consolidated Airlines Group S.A.
"Preparations are underway to apply for significant government funding," Velocys said.
The Altalto project aims to build the first commercial scale waste-to-transport-fuels plant in the U.K.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
January 18, 2021 03:00 ET (08:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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