Pin to quick picksVelocys Share News (VLS)

Share Price Information for Velocys (VLS)

London Stock Exchange
Share Price: 3.09
Bid: 3.01
Ask: 3.15
Change: 0.11 (3.69%)
Spread: 0.14 (4.65%)
Open: 3.05
High: 3.09
Low: 3.05
Yest. Close: 2.98
VLS Live PriceLast checked at -

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Velocys Says Bayou Progress And Media Analysis Led To Share Price Rise

Mon, 15th Oct 2018 10:18

LONDON (Alliance News) - Velocys PLC on Monday attributed a recent share price climb to the progress of its Bayou Fuels biorefinery project in Mississippi and to media analysis showing the demand for renewable fuels.

Velocys shares were up 26% to 4.80 pence on Monday.

The Bayou Fuels refinery will create jet fuel and diesel from forest by-products previously used for paper and pulp production.

Velocys said it is in discussions with a shortlist of investors regarding the development cost funding. It also noted the growing demand for renewable fuels.

"Recent media analysis continues to highlight the growing global demand for the high-quality renewable fuels that we can make, and in particular there is increasing demand from airlines and existing jet fuel producers," said Velocys.

On September 10, Velocys shares had dropped 13% after Bayou Fuels operator ENVIA suspended operations following a leak at the plant back in May. Due to this suspension in operations, the company's months cash burn rate has been reduced by approximately GBP500,000.

As at September 30, Velocys's cash resources stood above GBP10 million.

"The board is confident in the future of the company, and we look forward to updating the market with news on numerous fronts over the coming weeks and months," Velocys said.

More News

Amati AIM, Directional Opportunities Pick Up Holdings In Velocys

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5 Aug 19 17:24

DIRECTOR DEALINGS: Velocys Company Directors Took Part In Placing

(Alliance News) - Renewable fuels firm Velocys PLC said on Friday that six company directors were involved in share purchases at 3.00 pence each as part of a placing programme in July.Chief

2 Aug 19 17:30

Velocys narrows loss after cutting back costs

(Sharecast News) - Velocys on Wednesday cuts its annual losses by slashing its administrative expenses, in part as staff numbers were reduced following the disposal of its UK R&D facility in June 2017.

15 May 19 11:31

Velocys To Get USD4.2 Million From Transfer Of Oklahoma Plant Rights

LONDON (Alliance News) - Velocys PLC on Monday said it will net USD4.2 million from the transfer of rights for the ENVIA Energy LLC's gas-to-liquids plant in Oklahoma City, US, to another in a

29 Apr 19 10:57

Velocys Amends Licencing Contract With Red Rock Biofuels

LONDON (Alliance News) - Velocys PLC said Tuesday it has amended its licencing contracts with Red Rock Biofuels LLC.The amendments were made at the request of Red Rock Biofuels and allows a

12 Feb 19 14:20

Velocys amends reactor deal with Red Rock Biofuels

(Sharecast News) - Velocys announced on Tuesday it has agreed a series of amendments in its licensing contracts with Red Rock Biofuels (RRB), regarding RRB's license of Velocys Fischer-Tropsch reactors and proprietary catalyst for the RRB biorefinery under construction in Lakeview, Oregon.

12 Feb 19 10:01

Hurricane Energy Appoints Velocys Non-Executive Director Shaw To Board

LONDON (Alliance News) - Hurricane Energy PLC on Thursday said Sandy Shaw has been appointed as non-executive director of the oil & gas company with immediate effect.Shaw has over 35 of

3 Jan 19 14:26

Velocys secures site for UK waste-to-jet fuel project

(Sharecast News) - Renewable fuels company Velocys announced on Wednesday that it has secured a site for the UK waste-to-jet-fuel project, which it was developing in collaboration with British Airways and Shell.

19 Dec 18 08:35

Velocys Says Bayou Progress And Media Analysis Led To Share Price Rise

LONDON (Alliance News) - Velocys PLC on Monday attributed a recent share price climb to the progress of its Bayou Fuels biorefinery project in Mississippi and to media analysis showing the demand

15 Oct 18 10:18

Velocys Interim Loss Deepens Amid One-Off Costs As Plan Progresses

LONDON (Alliance News) - Renewable fuels firm Velocys PLC said Wednesday its interim loss deepened amid one-off impairments as the firm continued to make "excellent" progress in on its a

26 Sep 18 10:39

Velocys tumbles as Oklahoma plant operations suspended

(Sharecast News) - Renewable fuels company Velocys saw its share price dive on Monday after confirming that operations have been suspended at its plant in Oklahoma City, USA.

10 Sep 18 16:21

Monday broker round-up

(Sharecast News) - Glencore: JP Morgan downgrades to neutral with a target price of 370p.

10 Sep 18 11:48

Velocys Shares Sink As ENVIA Suspends Operations At Oklahoma City

LONDON (Alliance News) - Shares in Velocys PLC dropped on Monday as the company said ENVIA suspended operations at the Oklahoma City gas-to-liquids plant to undertake a review of strategic in the

10 Sep 18 10:45

Velocys Says Discussions For Oklahoma City Plant Are Ongoing

LONDON (Alliance News) - Velocys PLC said Thursday that discussions with ENVIA Energy LLC are ongoing regarding funding options for the Oklahoma City plant.Shares in the company were down a

6 Sep 18 12:44

Velocys gets environmental tick for planned Natchez refinery

(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.

7 Aug 18 12:08

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