Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I think the reality is that someone knows a lot more than us, it's obvious in the last 3 weeks action. They were taking whatever they could today in big chunks, and even the chunky sells were absorbed without troubling the rise.
On the contrary, im waiting for reality to kick in!
Wow. Are you still posting Expat.... ?
I would have thought you'd be embarrassed to still be on here?
They don't need to publicly publish physical results (that would be silly if they did), however the fact is that they have announced biomass to liquids testing (context being Natchez), but failed to announce MSW to liquids (UK plant context), suggesting they have not carried out testing on MSW. Until i see evidence to the contrary, i don't believe it has taken place. However as stated, happy to be proven wrong, which one would hope to be....eventually.
Given that you agree that VLS and TRI have been testing biomass to liquid at TRI's Development Center using DoE funding have you seen any results for that published by either party? I certainly haven't, so it seems illogical to suggest that the absence of reported results means that something hasn't taken place!
VLS will be as keen to raise funding for Natchez as for the UK plant. It could be that confidentially is part of their agreement as TRI are supplying competitor projects; or maybe the tests are still ongoing.
Agreed. I too would not understand why such MSW testing may not have not be done, given all the effort involved to get their kit there. I can only assume something prevented them from doing so, such as lack of funding at the time.
I would nt normally labour the point , however VLS is not shy about announcing things to bolster its SP, or warm up to investors. Case in point a recent photo I saw on twitter of VLS Jet Fuel. There was no mention of how this was made or the feedstocks used to produce it from. That would have been a perfect opportunity to say it was made from MSW, hence why i dont think theyve done it. I am however, more than happy to be proved otherwise and it would improve my opinion (and the bankers no doubt) of VLS if it transpired that they have indeed produced MSW Jet Fuel
Is it so obvious? Given that the VLS pilot plant has been at TRI's facility where they have tested MSW already why wouldn't they have made the effort to do so? The additional cost wouldn't be covered by the DoE but it couldn't be a huge amount as all the kit was already in place. Given that they want to use TRI's technology for both Natchez and AltAlto then there would be a great incentive for both parties.
Any tests may still be ongoing and BA/Shell could well be being informed about the progress. The intention could be to wait until PP is gained before making anything public as such an issue isn't relevant to the planners.
You may be right of course, but given the high stakes involved then why wouldn't VLS and TRI have done such testing? You also cannot know for sure unless you are involved in some way with either company.
DaveH:. Its pretty clear that the testing done under the DoE support was biomass and not MSW.
Given the fact that VLS has not stated they have produced Fuel on any scale, using MSW as feedstock, one can only assume they have not. Given the stakes - F4C, PP, BA/Shell financing, investor market opinion, why would they not be talking about it if they'd had success in MSW to fuels testing? The answer is pretty obvious.
Expatbrat: your claims about the lack of a demonstration of the technology for the UK plant are an oversimplification at best! They haven't made public announcements of the results but there are high stakes involved and may prefer to keep things commercially confidential for now.
The AltAlto plant is planned to use TRI's (ThermoChem Recovery International, Inc.) gasification technology which has been extensively tested at their demonstration centre (https://www.tri-inc.net/fully-integrated-process-demonstration-unit-pdu/) together with FT reactors to produce aviation fuel from MSW.
Fulcrum (who you seem to be a fan of) is also using TRI gasifiers for its plant that will produce fuel from waste.
VLS made an agreement with TRI to demonstrate VLS FT reactors together with their gasifiers in Jan 2017
"TRI is pleased to announce a non-exclusive partnership with Velocys plc in support of their commercial integrated biorefinery program. As part of being their preferred gasification technology provider, TRI will integrate Velocys’ Fischer-Tropsch (F-T) technology with our gasification technology, both of which have been previously demonstrated. Velocys will relocate its skid-mounted F-T pilot plant from Ohio to our Advanced Development Center in North Carolina. This joint Biomass to Liquids (BTL) demonstration has been selected by the US Department of Energy for the development of smaller scale integrated biorefineries. "
Thanks ToB. Most people on this board attempt to 'put me down', but end up failing to do so!
Appreciate the discussion.
Expatbrat, I wasn't trying to " put you down" merely engaging in discourse I'm sorry that you thought otherwise. TOB
Mr Bee and Hughes. For the 20th time.......the process being proposed by Velocys for the UK is waste to jet fuel process, of which FT is merely one part. VLS have tested their 'part' on natural gas however they have not tested, even at demo scale, their FT system in a fully integrated waste to fuels process. Hence, the correct way is to do the demo first, then go to commercial. This is what aaaaalllll other developers have done - Lanzatech, Enerkem, etc etc. Why should VLS cut corners?
Please get your own facts straight before attempting to put others down.
Dave(Hughes) Well if that doesn't bring Expatbrat up to date nothing will, (No offence intended Expatbrat) Cheers TOB
VLS has also supplied commercial reactors and charges of catalyst to Red Rock Biofuels for their plant in LakeView Oregon
"The amended agreement will see Velocys accelerate delivery of the first of four reactors and first four charges of catalyst. It will also reduce the firm commitment for reactors from six to four but RRB will retain an option to acquire reactors 5 and 6 until the end of 2020, for delivery at the existing contract price. These changes have a positive impact on Velocys’ near-term cash flow of an estimated $1.1 million and a decrease in revenue of nearly $3 million (out of a total contract value of approximately $15 million). Should RRB exercise its option to purchase the two additional reactors the total contract value will return to approximately $15 million. RRB remains committed to purchase a total of six charges of catalyst in 2019."
Expatbrat not sure what your point is ? Perhaps you missed this .......
RE RNS 13th November Velocys fulfils order for biorefinery project in Japan
Velocys plc (VLS.L) is pleased to announce that it has constructed and now delivered Fischer-Tropsch (FT) reactors and catalyst to Toyo Engineering Corporation (Toyo) for use in a biomass-to-jet fuel demonstration facility in Nagoya, Japan.
Very positive for the UK. Its clear there is a market to capture.
However, we can only get there by proceeding in the correct manner, ie demo scale, prove your process, then go for commercial scale.
New industry roadmap says the UK could become a world leader in developing sustainable aviation fuels
17 Feb 2020
Earlier this month industry coalition Sustainable Aviation published a Sustainable Aviation Fuels (SAF) Roadmap that forecasts the role these new fuels could play in the future of the aviation industry.
The in depth report shows how SAF could reduce aviation emissions by almost a third, and similarly make up nearly a third of aviation fuel demand by 2050, in turn playing a key role in supporting UK jobs and exports.
Key findings from the report include:
A 32% reduction in emissions from UK aviation is possible from the use of SAF by 2050, representing a CO2 saving of 14.4 mega tonnes/year
32% of the UK demand for kerosene could be met by domestically produced SAF by 2050, requiring 4.5 mega tonnes/year of SAF fuel production
By 2035 the development of a domestic SAF industry could generate a Gross Value Added (GVA) of up to £742m annually by 2035
5-14 SAF plants in the UK could be producing a range of transport fuels and other chemicals by 2035, supporting up to 5,200 jobs
The export market for SAF could be worth up to an additional £1.95bn/year to 2035
This would bring the full value of SAF to £2.7bn/year from UK production and global exports
To read the Sustainable Aviation Fuels Roadmap in full, please click here. You can also read Velocys’ CEO Henrik Wareborn’s comments on the Roadmap here.