The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Much easier said than done Sean. If Fulcrum cannot manage it after spending 100's of millions on developments demonstration testing, then VLS don't have a cat in hells chance. Dont forget Fulcrum has huge investors who have pumped money into the company for this very project. VLS have about 5m quid. Its actually laughbable when you think about it.
How do you know there are no technical problems? The plants not built and they now have to find another ton of money to finish the project. Meanwhile, nobody will pump money into VLS (who has mirrored the Fulcrum design) until the Fulcrum plant is working. This is not about punters on here (me included) putting a few quid in here. This is about serious investors, looking to part with 100m plus. They wont be doing anything of the sort until this is seen working elsewhere.
The bore is still endlessly wasting his life posting on a share he doesn’t own. One day mate you’ll look back and think of all those wasted hours. For goodness sake, do something more purposeful with your life.
I’ll restate my original opener to this thread. “Those that understand”
Everyone in here that’s buying VLS on an idea, clearly are not those that understand. They do not know how difficult it is to raise finance for projects like this. Fulcrum has been developing this one project since 2009 (when they were founded) and here we are, 12 years later and still no operating plant. VLS decided to dump their technology development. (because nobody was buying their equipment) and decided to copy what Fulcrum are doing. Anyone with an ounce of common sense would know that you cannot go from Zero to hero in a matter of 2 years. VLS are putting all their eggs in the Fulcrum basket as they know that once that process is proven, VLS might have an easier ride trying to convince investors to part with half a BILLION pounds. If Fulcrum falters (not fails like you think I said), then this will set VLS back many many months . Time they don’t have.
Sean83: The answer to why Velocys needs Fulcrum to be successful is that the gasification part of the plant is provided by TRI which is also Altalto's gasification technology provider. The Abengoa-Fulcrum dispute will delay the startup of the Reno plant for months. This will affect Velocys' case to attract investment.
You mentioned in a previous post that you are "an engineer on an alkylation unit on a UK refinery, we make high octane alkylate for jet fuel so I can say with some confidence that the science behind this is sound." Since you are obviously a chemical engineer, I expect you to have an appreciation for the fact that feeding black bags of rubbish is not the same as feeding crude oil to a refinery. Then you also know that when the refinery switches to a different crude oil, this requires a major re-optimisation of the refinery processes. Municipal solid waste does not have a steady composition and requires a quite different approach. In addition, the cleaning up of the syngas produced in the TRI gasifier and the Linde Hot Oxygen Burner is a challenging proposition, especially because of the variations in contaminant content of the feedstock.
You're absolutely right Sean. It's a construction project gone wrong. It's neither here nor there. Extremist scaremongering.
Empty vessels make the most noise (proven here daily). Especially those with an agenda. In fact, I think a vendetta is the right word.
Take care mate,
Mr T
Those of you who actually understand how VLS came up with their waste to fuel refinery design, will know that this news regarding Fulcrum is extremely damaging. VLS are waiting for this project to work, in order to convince investors that the technology works (the VLS design is a copy paste of the Fulcrum design). If Fulcrum falter, it’s curtains for VLS.
https://www.biofuelsdigest.com/bdigest/2020/06/02/abengoa-takes-fulcrum-to-court-over-100m-cost-overrun-despite-arbitration/