Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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You may be right EPB. I'd be surprised though if BA and Shell both on the Jet Zero council were effectively leading the govt down the garden path. That wouldn't be the best PR or Strategy. I guess time will tell.
PortS, I think I big chunk if the interest from Shell and BA is for the PR value. I will change my tune when they stump up £100m to fund the capital requirements.
Until then, they are both just flirting with it.
Interesting Stuff. It's my view that the Govt, Shell , BA would have done their own investigation and due diligence into this and wouldn't have committed to Velocys and Immingham if we were as EXB suggests. But what do I know I'm just and investor with no practical expertise or experience in FT technology.
It’s a huge deal DH. In my experience of waste gasification, its the tar build up that causes issues. Tars cause FT reactors to fail.. FT process have been around for ages and such tech is not what needs proving here; it’s the entire waste to fuel process which has not been done at any scale.
Thanks DH. I assumed that to be the case. Having watched a few vids on FT technology I would agree.
portswigger: VLS have had a demonstration plant for years that has thousands of hours of operation. Vls reactors were also successfully used in the Envia plant which was a larger-scale demonstrator. Before the AltAlto plant is built the Red Rock plant in Oregon and the Toyo demonstrator should be in operation.
XPB's point was presumably that none of these plants uses gas produced from municipal waste in the manner proposed for AltAlto. He says that is a big risk as it suits his current line of negativity; other people with experience in these matters have suggested that it isn't such a big deal.
As I understand it there is a demo facility in Japan that Velocys supplied. It's not important that VLS haven't themselves gasfiied. Red Rock do and I thought Velocys FT reactors just complete the task of producing liquid hydrocarbons for processing into Fuel. The immingham plant I thought is a production facility but velocys eggs are not just in the immingham basket as they can license to any third party developer. Someone correct me if I am wrong. !
The RadioXPB misinformation station. All the hits, all the time.
I actually think Immingham will go ahead. I do think the timescale is optimistic but it will very embarrasing for the Govt with its public and financial support if it didn't. I think the will as there so there will be a way. There is lots of funding options and who knows what support will come in. I look for SP drivers and I think if Red Rock commit to two more reactors by end of the year that will be a good sign. I think we are just in for a period of quiet but under the surface it there should be a lot going on. We all know what news we are waiting for.!
I agree with most of that, but I don’t think they will go bust. My gut feel is that AltAlto won’t go ahead due to the insane costs and lack of smaller scale testing, but the FT reactor business may do quite well due to the increasing interest in smaller scale FT fuel market that seems to be gathering pace.
I hope that cash isn't king. If it is, Velocys are completely goosed. The burn rate on this business is insane and we still seem to be miles and miles off generating anything that could arguably represent a profit. It's actually pretty sad because VLS seems to have quite an innovative idea. Sadly though i predict this is going to remain a very low penny stock with occasional spikes in share price until it runs out of cash and goes bust. At that point, someone will buy the idea from whatever insolvency practitioner is picking over the bones of VLS for buttons.