22 Sep 2014 09:20
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Tue, 07th Aug 2018 12:08
(Sharecast News) - Renewable fuels company Velocys announced on Tuesday that the US Department of Agriculture (USDA) has issued a 'Finding of No Significant Impact' (FONSI) on the environmental assessment report for its planned Bayou Fuels biorefinery in Natchez, Mississippi.The AIM-traded firm said that, with the FONSI process completed, it would now focus on the next steps in the project's development, including securing the state-level permits that would be required to construct and operate the biorefinery.It said the 160-page environmental assessment report detailed the impact of the proposed facility across 15 potential aspects, including land use, water resources, air quality, wildlife, visual impact, noise, transport, and public and occupational health.In each case, it reportedly concluded the plant would have "none", "none to minor", or "minor" impacts during construction and operation.The FONSI was issued as part of Velocys' ongoing development of a 100-acre site in Natchez that the company secured in October last year.Velocys said the site would be home to a "pioneering" biorefinery that would use its innovative technology to produce low-carbon transportation fuels from the wood wastes of timber operations and tree plantations.The plant was expected to convert locally-sourced woody biomass waste into enough renewable fuel to meet the demands of running around 40,000 diesel and gasoline trucks.No opposing or negative comments were filed as part of the USDA's public consultation process, Velocys claimed."This is a significant step in the permitting of the Bayou Fuels biorefinery as well as an important milestone for the overall development of the project," said Velocys chief executive officer David Pummell."The environmental assessment provides independent confirmation that the project will not give rise to any significant environmental impacts and reflects our commitment to responsible and safe project development."
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29 Jul 2014 10:31
27 Jun 2014 14:41
Sector movers: Chemical stocks hit by DuPont profit warning
The selling pressure on the UK chemical sector continued on Friday on negative readacross from a profit warning by US giant DuPont, one of the largest chemical companies in the world. The UK chemical sector was down around 0.6% this afternoon and has now fallen 10% over the past month. DuPont decl
Read more25 Jun 2014 13:36
Velocys acquires Pinto Energy and Ashatabula GTL project
Small scale gas-to-liquids (GTL) technology innovator Velocys has acquired Pinto Energy and the Ashtabula project. The acquisition is expected to "stimulate early market adoption" of its technology in North America by quickening the development of "shovel ready" GTL projects. Pinto Energy is curre
Read more19 Jun 2014 10:26
UK WINNERS & LOSERS: BT Up, TalkTalk Down As OFCOM Drops Complaint
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
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FTSE 100 - WINNERS
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Rolls-Royce Holdings, up 5.6%. The maker of aircraft and marine engines has
19 Jun 2014 09:42
Velocys Shares Rise As Abramovich Raises Stake, Canaccord Starts Coverage
LONDON (Alliance News) - Velocys PLC shares rose Thursday after it emerged late Wednesday that Russian billionaire Roman Abramovich had raised his stake in the business to 7.71% through his Ervington Investments vehicle and after Canaccord initiated coverage of the stock with a "Speculative Buy".
Read more19 Jun 2014 09:09
UK BROKER RATINGS: Canaccord Raises Charles Stanley To Buy
LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:
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FTSE 100
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TRADERS: MERRILL LYNCH CUTS VODAFONE TO 'NEUTRAL' ('BUY')
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TRADERS: BARCLAYS RAISES WEIR GROUP PRICE TARG
19 Jun 2014 08:56
Thursday broker round-up UPDATE
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read more19 Jun 2014 07:26
UK MORNING BRIEFING: Rolls-Royce Leads Strong Opening Gains
LONDON (Alliance News) - UK shares have opened strongly higher Thursday, and the pound has broken above USD1.70, following a well-received US Federal Reserve meeting.
Rolls-Royce Holdings leads FTSE 100 gains after saying it will return cash to shareholders through
16 Apr 2014 14:28
Velocys boosted by British Airways landfill-to-fuel update
News that a British Airways biomass-to-jet fuel project has entered the site engineering phase has given a boost to AIM-listed Velocys, which is to provide its gas-to-liquids technology to the scheme's organiser Solena. A statement from British Airways on Wednesday said: "With the initial enginee
Read more16 Apr 2014 10:15
Velocys Says Site Chosen For GreenSky London Project
LONDON (Alliance News) - Velocys PLC said Wednesday that Thames Enterprise Park had been chosen as the site for British Airways' GreenSky London project, which it will be providing technology for. The project is to produce a sustainable jet fuel facility, and is being developed by Solena Fu
Read more27 Mar 2014 14:18
Velocys Says Transition To Commercialisation Has Widened Losses
LONDON (Alliance News) - Synthetic fuels producer Velocys PLC Thursday said its losses widened in the full-year, as it retreated from development and transitioned to commercialisation. The technology innovator for smaller scale gas-to-liquids posted a pretax loss of GBP18.0 million for 2013
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