Member Info for 2phevs

IMO this is why Velocys signed up a leading global investment bank to get the best from.....

Altalto Immingham has obtained Letters of Intent from a number of existing and new potential partners for the private-sector matched funding requirement

It's just being thrashed out confidentially overwhelming past few weeks we'll see

This all IMO BeingPatient I reckon Foresight Group will come in and the leading global investment bank is trying to get the best deal for Velocys

This is taken from a RNS 24th March 2022

Velocys plc (AIM: VLS), the sustainable fuels technology company, announces that further to the notification of 17 December 2021 ("Prior Announcement"), Altalto Immingham Ltd ("Altalto"), a subsidiary of Velocys, has sold its 100% interest in Rula Developments (Immingham) Limited ("RDIL"), as planned. RDIL owns the site for the proposed Altalto waste-to-sustainable-fuel project, which is being developed in collaboration with British Airways.



RDIL has been sold to funds managed by Foresight Group LLP ("Foresight"), for £9.75 million, with a call option for Altalto to re-purchase RDIL within three years ("Call Option"). The Call Option will require Altalto, and any new project partners, to pay up to £12.95 million in aggregate over the option period (the majority of which relates to a final payment in the event of exercise of the Call Option).



In addition, and subject to exercise of the Call Option, Altalto has agreed to grant Foresight a right of first refusal to invest up to £100 million in the project, alongside British Airways and other future investors, once the full funding is required.

Being Patient I took it as a positive appointment it's not like they are changing adviser they have appointed a LEADING GLOBAL investment bank when I researched this only 15 very well known came up and didn't include SVB btw
IMO I just can't see this RNS as a lie

Velocys plc (VLS.L), the sustainable fuels technology company, is pleased to announce that it has completed the appointment of a leading global investment bank to advise it on the financing of its two key technology reference projects: the Bayou Fuels project in Natchez, Mississippi, and the Altalto Immingham project in the UK.

Hychro over the past few years I've seen some desperate posts (after some bad RNS news) from people never to be heard from again
I've been on trains that have had to be stopped for hours because of suicides
I'll say no more

And Velocys IS mentioned as 1 of 3 main players (other 2 Shell and Lanzatech) in the Jet Zero Council along with academics etc.. the council was set up by government in 2020

https://biodieselmagazine.com/articles/2518642/uk-jet-zero-council-details-plans-to-accelerate-saf-production

8,000 GW by 2042 should keep Bmn busy

https://www.energy-storage.news/berkshire-hathaway-owned-us-utility-pacificorp-targets-7-4gw-energy-storage-by-2029/

8,000 GW by 2042 should keep IES busy 500 MW per year just for them

https://www.energy-storage.news/berkshire-hathaway-owned-us-utility-pacificorp-targets-7-4gw-energy-storage-by-2029/

Nice spot (pardon the pun) spot7
I'll be tuning into that cheers

Could be Farnborough air show is like the show that launches new tech in the industry maybe

Like someone stated here recently Bechtel are top top of the chain area 51 stuff the Bank involved has been kept secret (probably involved in advising UK government on announcement today) wanting to partner with a no good £40 mill mcap AIM listed company mmmmm
Looks like they've all passed the official secrets act test because the SP has continued downtrend so no leakage of sensitive info bodes well for the 3 way partnership
Wonder who the secret match funder is that's kept quiet my punt is Foresight group

Nice article scad thanks

Up to five new Saf production plants are planned for the UK, with the government investing in their development.

And VLS are not going to get matched funding after bechtel and leading global investment bank both recently joined up with VLS recently
Come on your having a laugh

Can't wait for this today

On Monday, ministers and aviation chiefs will unveil an action plan for decarbonising the aviation industry at Farnborough Airport.

Transport Secretary Mark Harper said: "This government is a determined partner to the aviation industry - helping accelerate new technology and fuels, modernise their operations and work internationally to remove barriers to progress.

"Together, we can set aviation up for success, continue harnessing its huge social and economic benefits, and ensure it remains a core part of the UK's sustainable economic future."

Looks next is about to go public through a SPAC valuing them a £500 mill with £150 mill raised

https://www.reuters.com/markets/deals/next-renewable-fuels-go-public-666-mln-spac-deal-2022-11-21/

Really good article about next renewable and Oregan from last October
https://www.biofuelsdigest.com/bdigest/2022/10/06/next-renewables-and-its-big-big-big-long-long-long-project-in-oregon/

Yeah Russel I reckon neste aren't going to get enough restaurant used cooking oil they're probably getting all they can now can't see a sudden significant increase in used cooking oil happening

Another 196k@3.19 that's 20k more than yesterday with same amount of shares sold in IOG
GLA

https://www.linkedin.com/posts/jeffrey-vander-linden_cleantech-biochar-nfcdc-activity-7052622447879032832-Qnmz?utm_source=share&utm_medium=member_android

Last paragraph

https://www.bollyinside.com/news/travel/all-amsterdam-flights-by-ryanair-to-use-saf-blend-fuel/

Iog up another 10% today any weakness here and I'll be after another 600k

Just like this bit Chuck

but I understand that positive progress is being made