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Is it so obvious? Given that the VLS pilot plant has been at TRI's facility where they have tested MSW already why wouldn't they have made the effort to do so? The additional cost wouldn't be covered by the DoE but it couldn't be a huge amount as all the kit was already in place. Given that they want to use TRI's technology for both Natchez and AltAlto then there would be a great incentive for both parties.
Any tests may still be ongoing and BA/Shell could well be being informed about the progress. The intention could be to wait until PP is gained before making anything public as such an issue isn't relevant to the planners.
You may be right of course, but given the high stakes involved then why wouldn't VLS and TRI have done such testing? You also cannot know for sure unless you are involved in some way with either company.
Expatbrat: your claims about the lack of a demonstration of the technology for the UK plant are an oversimplification at best! They haven't made public announcements of the results but there are high stakes involved and may prefer to keep things commercially confidential for now.
The AltAlto plant is planned to use TRI's (ThermoChem Recovery International, Inc.) gasification technology which has been extensively tested at their demonstration centre (https://www.tri-inc.net/fully-integrated-process-demonstration-unit-pdu/) together with FT reactors to produce aviation fuel from MSW.
Fulcrum (who you seem to be a fan of) is also using TRI gasifiers for its plant that will produce fuel from waste.
VLS made an agreement with TRI to demonstrate VLS FT reactors together with their gasifiers in Jan 2017
"TRI is pleased to announce a non-exclusive partnership with Velocys plc in support of their commercial integrated biorefinery program. As part of being their preferred gasification technology provider, TRI will integrate Velocys’ Fischer-Tropsch (F-T) technology with our gasification technology, both of which have been previously demonstrated. Velocys will relocate its skid-mounted F-T pilot plant from Ohio to our Advanced Development Center in North Carolina. This joint Biomass to Liquids (BTL) demonstration has been selected by the US Department of Energy for the development of smaller scale integrated biorefineries. "
VLS has also supplied commercial reactors and charges of catalyst to Red Rock Biofuels for their plant in LakeView Oregon
"The amended agreement will see Velocys accelerate delivery of the first of four reactors and first four charges of catalyst. It will also reduce the firm commitment for reactors from six to four but RRB will retain an option to acquire reactors 5 and 6 until the end of 2020, for delivery at the existing contract price. These changes have a positive impact on Velocys’ near-term cash flow of an estimated $1.1 million and a decrease in revenue of nearly $3 million (out of a total contract value of approximately $15 million). Should RRB exercise its option to purchase the two additional reactors the total contract value will return to approximately $15 million. RRB remains committed to purchase a total of six charges of catalyst in 2019."
Please give it a rest DW. You keep saying this is your final say on the subject but then you start up again!
We can all research this and make up our own minds!
New industry roadmap says the UK could become a world leader in developing sustainable aviation fuels
17 Feb 2020
Earlier this month industry coalition Sustainable Aviation published a Sustainable Aviation Fuels (SAF) Roadmap that forecasts the role these new fuels could play in the future of the aviation industry.
The in depth report shows how SAF could reduce aviation emissions by almost a third, and similarly make up nearly a third of aviation fuel demand by 2050, in turn playing a key role in supporting UK jobs and exports.
Key findings from the report include:
A 32% reduction in emissions from UK aviation is possible from the use of SAF by 2050, representing a CO2 saving of 14.4 mega tonnes/year
32% of the UK demand for kerosene could be met by domestically produced SAF by 2050, requiring 4.5 mega tonnes/year of SAF fuel production
By 2035 the development of a domestic SAF industry could generate a Gross Value Added (GVA) of up to £742m annually by 2035
5-14 SAF plants in the UK could be producing a range of transport fuels and other chemicals by 2035, supporting up to 5,200 jobs
The export market for SAF could be worth up to an additional £1.95bn/year to 2035
This would bring the full value of SAF to £2.7bn/year from UK production and global exports
To read the Sustainable Aviation Fuels Roadmap in full, please click here. You can also read Velocys’ CEO Henrik Wareborn’s comments on the Roadmap here.
Dave282, do you know what AFC's market capitalisation will be if the SP reaches £50?
" But I will say that a lot of alternative energy companies are at 50 or higher"
Dave282, you aren't seriously trying to compare share prices without taking into account the number of shares in issue are you?
It seems odd that the blog post doesn't mention it being a hybrid solution at all when that was the main point in yesterday's RNS!
· Of the Super Senior Scheme Creditors, 86.81% in value of those voting approved the Schemes with 99.30% in value voting.
· Of the Senior Scheme Creditors, 83.86% of those voting approved the Schemes with 96.51% in value voting.
The first road show event would be a good time to announce the first EV Charger order!
A lot of the shares bought appear to have come from IP Group (£22.4m) as part of the deal; see
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/IPO/14394220.html
They still have a large holding and no doubt see this as a good deal for all parties.
"you still can't polish a turd"
You shouldn't be so hard on yourself EB!
This report from 2017 says 'non-platinum electrode materials"
http://greenbarrel.com/afc-energy/
"Further Information: The company claims that their fuel cell is the only type likely to be capable of competing on level economic terms with conventional electricity generation, so life-time costs of ownership are crucial. AFC uses industrially proven production processes and a low operating temperature, 60-70C, which allows the use of low-cost injected moulded plastic and rubber seals, as well as non-platinum electrode materials. Alkaline cells are also among the most efficient fuel cells in terms of electrical energy produced. As a by-product they produce warm water which can be used for additional heating purposes."
"A simpler question, irrespective of the quality, how long will 2 tons of hydrogen last - 1 day, 2 days, 1 week, 1 month?"
It isn't that simple..... you would need to specify the rating of the fuel cell!
https://www.bbc.co.uk/news/science-environment-50827604
"Fuel of the future?
The optimum shipping fuel has not yet been decided.
One option is biofuels, but their availability will be globally limited by the need to ensure they're sustainable.
Shipping experts assume that the supply will be gobbled up by the wealthy aviation industry, anyway.
Other options are "green" hydrogen (produced by renewables); ammonia; fuel cells; batteries and synthetic fuels produced from renewables.
The ICS says none of these yet exists in a form or scale that can be applied to large transoceanic ships."
I hope some people from VLS and BA/Shell are attending pointing the one feasible way of turning aviation green!
"Someone drove the sp down and also took lse down"
Do you seriously think that this website was crashed by a third party as part of some devious scheme to manipulate the SP of one single AIM company? How would they organise that and why would it make any difference to the SP when there are many other financial websites?
It is too late
Fairview: if you don't believe in the potential of the 'Hydrogen Economy' then this probably isn't the investment for you!