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

Wed, 19th Dec 2018 08:35

(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.The AIM-traded firm said the site of approximately 80 acres near Immingham, North East Lincolnshire, was in an 'Enterprise Zone' and was earmarked for industrial development within the local plan.Development remained subject to planning consent, with the formal planning application process expected to begin in 2019."Altalto Immingham, a subsidiary of Velocys, has entered into an option agreement which gives it the right, but not the obligation, to acquire Rula Developments Immingham - the company which owns the site - for up to three years," Velocys said in its statement."The project team is developing the engineering and business case for the project, and the project is also subject to funding and a final investment decision, which would include a decision to proceed with the acquisition of the Immingham site."In the event that the company in consultation with its partners decides not to proceed with the purchase, the liabilities incurred as a result of the agreement are not material to Velocys."
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22 Sep 2014 09:20

UPDATE: Velocys Expects USD45 Million In Red Rock Revenue; Wins Patent Case

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22 Sep 2014 08:48

Velocys Expects Up To USD45 Million Revenue From Red Rock Project

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29 Jul 2014 10:31

Velocys Technology To Be Used In Commercial GTL Plant In US

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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

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25 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

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25 Jun 2014 09:17

Velocys Acquired Pinto Energy And Ohio Gas-To-Liquid Project

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19 Jun 2014 12:22

UK MIDDAY BRIEFING: Rolls-Royce To Return Cash To Shareholders

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19 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

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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".

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19 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

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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:

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19 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

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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

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16 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

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27 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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