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Excellent knowledge. Thank you.
Fulcrum is privately held. They filed for an IPO back in 2011, which they canceled later. They also might have a strong patent position about MSW to fuels which Velocys lacks, e.g. US Pat 10,344,233. This might become a problem for Velocys in the near future. I don't see a reason for the merger.
Lastly, it will come down to which of the FT technologies is the most economical. Since the Velocys one is based on microchannel reactors, and the JM/BP one on regular multitubular reactors, the latter might have the advantage.
Thanks Loosely. Begs the question why Fulcrum are not building plants here in the Uk? Possible Fulcrhm/Velocys merger?
Expatbrat: Fulcrum's Sierra Biofuels plant will convert MSW into a synthetic crude oil which will upgraded to jet fuel in a Marathon refinery. Velocys' Altalto plant will convert MSW into jet fuel at the site.
Converting MSW into a suitable feed for the gasification unit is well defined and in operation by Fulcrum. The Altalto approach has not been defined in any process description.
The gasification unit is the same: both Fulcrum and Velocys are using ThermoChem Recovery International's technology. Both plants convert the cleaned syngas via the Fischer-Tropsch process. Fulcrum uses the JM/BP technology tested on natural gas in Nikiski, Alaska on a 300 bpd scale, while Altalto uses Velocys' microchannel technology, tested on landfill gas in the Envia demo plant in Oklahoma City, OK, on a 200 bpd scale.
You can only top up 3.1% in allocation anyway so won't make too much differnce?
Are they trying to put price down so ppl don’t buy shares in allocation? As wanted to top up to get average down, now will be no point
Great find Loosely. To me, that article demonstrates how far VLS still needs to go with their business. Theyd do well take to a leaf out of the Fulchrum book. Let’s hope we see creative leadership from VLS soon.
Speaking of Fulchrum, what’s your take on the VLS process v Fulchrum process? They look remarkably similar.
Thanks for sharing loosely and yes agreed very interesting. I am hoping for a better few days for VLS now and a return to an increasing SP now the funding announcements are out and have been digested.
It is late but I found a gem which I should have sent to the Velocys BOD, but I am sure they follow this message board. Please read the following article from Morgan Stanley titled "Using green bonds to turn garbage into jet fuel." I give the full title so that you can easily retrieve it via Google in case LSE remove the link.
https://www.morganstanley.com/ideas/fixed-income-finances-fulcrum-bioenergy#:~:text=A%20creative%20tax%2Dexempt%20municipal,be%20powered%20by%20alternative%20fuel.%E2%80%9D
It is very interesting how Fulcrum went about to finance their waste to jet fuel plant by avoiding the traditional approach such as a project-finance loan from a commercial bank. Velocys is not yet there and maybe they can learn from the Fulcrum example using smart British investment banks...