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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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17 Jan 2017 11:47

Velocys announces 'strategic alliance' with Morimatsu

(ShareCast News) - Small scale gas-to-liquids company Velocys announced on Tuesday that it has signed a memorandum of understanding establishing a strategic alliance with Morimatsu Jiangsu Heavy Industry, a subsidiary of Morimatsu Industry Company. The AIM-traded firm said Morimatsu will be its pref

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13 Dec 2016 14:18

Velocys completes Oklahoma plant, posts strategic review

(ShareCast News) - Small scale gas-to-liquids company Velocys announced the results of its strategic review on Tuesday, following the completion of construction of its commercial reference plant in Oklahoma City, where commissioning was ongoing. The AIM-traded firm said the new strategy would build

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13 Dec 2016 08:55

Gas-To-Liquid Firm Velocys Unveils New Partnership-Centred Strategy

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7 Jul 2016 09:58

Velocys Says Focus Remains On Envia Plant As Construction Continues

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7 Jun 2016 15:07

UK Shareholder Meetings Calendar - Next 7 Days

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27 May 2016 16:27

Velocys Issues Further Shares For Pinto Energy Acquisition (ALLISS)

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27 Apr 2016 11:50

Velocys Progresses Demonstration Plant At ENVIA As 2015 Loss Narrows

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24 Feb 2016 07:52

Velocys Launches Study On Converting Waste Into Premium Fuel

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5 Feb 2016 12:45

Velocys releases funding to complete US GTL plant

(ShareCast News) - One of Velocys' more exciting projects made great strides on Friday, with the release of further funding to complete its ENVIA Energy gas-to-liquids plant at a US landfill site. The AIM-traded firm operating in the smaller scale gas-to-liquids (GTL) industry said the contract cove

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5 Feb 2016 10:40

Velocys Makes USD12.0 Million Available To Progressing Envia Project

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6 Jan 2016 11:02

Velocys appoints David Pummell as CEO

(ShareCast News) - Velocys announced the appointment of David Pummell as chief executive officer with immediate effect. The gas-to-liquids technology firm said Pummell joins from ACAL Energy, a private equity backed fuel cell technology group developing products for the automotive and stationary pow

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6 Jan 2016 08:33

Velocys Appoints David Pummell As New Chief Executive

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21 Dec 2015 14:10

Velocys, CompactGTL settle in patent dispute

(ShareCast News) - A win for Velocys on Monday, as it reached a settlement with a rival over a two-year intellectual property dispute. The AIM-listed gas-to-liquids technology firm had filed a patent infringement case against competitor CompactGTL in 2013. It alleged that certain activities at the

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21 Dec 2015 11:22

Velocys Settles Patent Infringement Case With CompactGTL

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26 Nov 2015 10:24

WINNERS & LOSERS SUMMARY: BHP Hit By Downgrade, Brazil Accusation

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