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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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26 Sep 2018 10:39

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

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10 Sep 2018 16:21

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.

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10 Sep 2018 11:48

Monday broker round-up

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

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10 Sep 2018 10:45

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

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6 Sep 2018 12:44

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

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7 Aug 2018 12:08

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.

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23 Jul 2018 14:56

Velocys raising £6m to fund ongoing development

(Sharecast News) - Renewable fuels company Velocys announced on Monday that it intends to raise £6m gross by way of a placing.

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23 Jul 2018 10:46

Velocys To Raise GBP6 Million Via Discounted Share Placing (ALLISS)

LONDON (Alliance News) - Renewable fuels company Velocys PLC said Monday that it intends to raise GBP6 million by way of a discounted share placing.The company has placed 60 million new at

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5 Jul 2018 11:41

CORRECT (July 4): Velocys Solves Design Flaw Leading To Leakage

(Correcting that the coolant system was modified and not the the second reactor)LONDON (Alliance News) - Renewable fuel company Velocys PLC said Wednesday that the coolant system serving at

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4 Jul 2018 10:27

Velocys Solves Design Flaw Leading To Leakage In Oklahoma Reactors

LONDON (Alliance News) - Renewable fuel company Velocys PLC said Wednesday that the second reactor at its plant in Oklahoma, the US, has been modified to avoid leakage.Velocys shares jumped

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18 Jun 2018 09:58

Velocys Secures GBP5 Million Funding For Waste-To-Jet Fuel Project

LONDON (Alliance News) - Renewable fuels company Velocys PLC said Monday it secured GBP4.9 million in funding to deliver the next development phase of its waste-to-sustainable jet fuel project in

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23 May 2018 12:53

Velocys Annual Loss Nearly Quadrupled By GBP28.8 Million Impairment

LONDON (Alliance News) - Velocys PLC said on Wednesday that it recorded a widened loss in 2017 due to an extensive increase in costs.In 2017 the renewable energy company's loss to from

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15 May 2018 11:45

Velocys Shares Drop As Leak Reduces Oklahoma Plant Operations

LONDON (Alliance News) - Shares dropped in Velocys PLC on Tuesday as it was informed by ENVIA Oklahoma City plant operator Envia Energy LLC of a leak within one of the plant's two in the fuels

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4 May 2018 10:29

Velocys Gets USD6 Million To Start Work On Lakeview Project

LONDON (Alliance News) - Renewable fuels company Velocys PLC said Friday it has received the first USD6 million to start manufacturing Fisher-Tropsch reactors at Red Rock Biofuels LLC Rock's a

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6 Feb 2017 09:54

Velocys Successfully Produces First Product From Envia Plant

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