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Technically, he's not the one arguing. the Mob is the one arguing that this stock has value and is moving and making progress.
It's not!
The Mob is arguing with the fundamentals.
EXP and the likes of myself are re-enforcing the facts.
It's a question of Philosophy.
then please tell me, why someone should "warn" or criticise on every comment someone makes inside here? either you are obsessed or paid.
IF you are not invested, ok fine. But why negatively arguing ALL the time. poor guy
Thought I'd check back in to see what's being said about VLS and if it's making progress.
Seems EXPB is still getting some stick and he deserves it, cos he's right! 76% of traders LOSE money. Marry that against the criticism against EXPB you can see the numbers are about right.
I left this stock a few months ago now and vowed not to return to it till it broke 10p.
The bottom on this is still below 4p.
Michael: I agree with your analysis to which I will add Velocys should stick to what they do best: FT technology provider. They should focus on developing similar relationships with similar companies as TOYO Engineering around the world.
The way I look at it is that they only needed to produce a small amount of SAF and therefore limited the amount of woody mass input. One VLS reactor has a greater capacity than was being used for, 4 reactors installed at Red Rock Biofuels' Lakeview site will product @ 15 million gallons per year.
The agreement between Toyo and VLS cited in February is as follows:
"As part of this new collaboration the parties have engaged in the preliminary engineering evaluation of the FT island in a joint effort to deliver a commercial scale biomass-to-jet fuel project in Japan.
As previously announced, Velocys will grant an exclusive right for Toyo to secure and use the licence and technical services of the Velocys FT Technology for the commercial plant in Japan. An advance deposit of $4 million was received in 2019 of which $3.5 million remains in escrow, which will be offset against future revenues.
In addition, the collaboration will extend to include the supply of the Velocys FT technology in other SAF, e-Fuels and biomass-to-liquids projects in the Japanese market. This will be led by Toyo, including other partners introduced by Toyo. Subsequent project execution for SAF, e-Fuels and other renewable fuel projects will be delivered by Toyo and their partners, potentially in Japan and other regions, with Velocys providing technical engineering and operational services around the FT technology.
Henrik Wareborn, CEO of Velocys, said:
"Velocys has a long-standing relationship with Toyo Engineering and today's collaboration agreement further supports this commitment. It indicates that Velocys is now firmly in the phase of delivering our commercial scale technology to our clients' commercial projects. Making our first steps into commercial delivery in the Japanese market strengthens our position in an additional geography to North America and Europe.
Our clients recognise the importance of our here-and-now technology solution for commercial scale projects, not only greatly reducing Scope 3 life-cycle carbon emissions but also resulting in synthetic fuels with air quality advantages over conventional fuels. We look forward to working with Toyo and their partners to enable the supply of modern low greenhouse-gas synthetic fuels to the Japanese market."
My feeling is that when JAL says go, to fuel their domestic supply, Toyo alongside Mitsubishi will scale up their production facility very quickly; these are massive engineering companies, I doubt they would encounter the same finacing difficulties which have blighted the RRB site. Obvously as a drop in fuel initially but each percentage used will reduce carbon emission.
VLS can only beneit from the agreement wit h Toyo....for starters they will be paid the 3.5 million they are owed thus far and will benfit more as the scaling up progresses.
Just my opinion but the facts are there.
However they/you spin this, it’s a tiny amount. Meanwhile, Enerkem and Lanzatech are financing and building commercial plants.
VLS are years behind and are being left behind. How long to the next placing and your money to keep the lights on?
I'm pretty certain they arrived at the 2366 litre figure as that was precisely what they needed to fly the length of Japan.
According to Airbus, the plane they used has a capacity of 300-350 passengers (depending on its configuration) and a fuel consumption of 3 to 4 litres per passenger per 100 kilometres.
For a 1000 km flight, assuming there were three hundred people on board and averaging 35 litres each, that gives a total of 10,500 litres of fuel.
25% is around 2366 litres. That doesn't explain why they were limited to 20 litres a day though, or how easily that plant could be scaled up.
Expat - it was a 25% mix as per the following article:
https://theenergyst.com/fischer-and-chips-pure-fuel-firm-velocys-powers-worlds-first-commercial-flight-with-gasified-wood/
Suggest reading prior to making assumptions.
2,366L.
Google tells me that an A350 has a fuel capacity of 141,000L. Assuming full tanks, the VLS fuel is about 1.7% of that fuel load.
I’m sticking with the bunsen burner argument.
https://www.toyo-eng.com/jp/en/company/news/?n=584
Look down the page at the size of the demonstation "bunsen burner"
It would if it were true. But I don't believe they were using test tubes and bunsen burners to produce enough fuel to cover the 1000 km between Tokyo and Sapporo.
Yes they are. But messing about with lab scale test tubes and Bunsen burners tells you where they are with their business - ie, miles away from the £400m or whatever cost it is, commercial projects.
Aren't lab-scale achievements a necessary step in the realization of commercial-scale success? Because that's how they gain industry recognition and investment.
Thurg, I agree that VLS PR has turned up the wick. And so they should. Now is the time to be shouting about your achievements.
Unfortunately, these recent lab scale achievements don’t align with the commercial scale ambitions that the company has today.
XPB: On a positive note, at least it appears to show that PR at Velocys has, at long last, moved from the long held "no news is good news" position to one of "publish any positive news". I note that your long held position remains unchanged.
Far in the future...According to the Toyo press release the SAF was produced in a pilot plant with a capacity of 27 l/day ! A commercial plant should produce 200,000 l/day.
It is good news but without news value since the first flight with biofuel occurred in 2008!
So does the market it seems. Such massive news and here we are, down 1% on the day.
Where is the commercial plant?
No I've only just got here so that wouldn't explain it.
I've been looking back over the past few months to familiarise myself with this forum and the company, and you seem to focus almost entirely on reasons not to invest here.
Many a positive statement. People just tend to forget them!
Expatbrat….AKA … Dominic Cummings
Despicable individual
Has Expatbrat ever had anything positive to say about Velocys?
All I've seen is a constant stream of criticism, supposedly in the interests of "balance and fairness" somehow.
JAL have 218 planes in their fleet. The ones flying out of North America JAL intends to use Fulcrum Energy (they are invested with them) but most of their fleet refuels in Japan and they are now looking at alongside domestic companies at manufacturing and selling SAF. Seeing as they have just used FT technology via Velocys with TOYO Engineering to fly one of their planes then you never know they might just use them again eh......
Wow expat you've been on this BB for ages warning against this company! But why bother as individuals will surely make up their own mind.
This sentence sums up the ‘progress’ nicely.
“In 2010s, TOYO made its first achievement in a small GTL*9 demonstration conducted jointly with Velocys”
So 11 years later, we are still doing demo testing. Yawn.
Is it progress though? We know their reactors work (well, most of the time) and this Nothing more than a demo test. - which has been done before.
Where is the commercial plant?