Member Info for expatbrat

A lovely fact for Thurg..

https://www.businesswire.com/news/home/20220908005136/en/1.1-Billion-Tax-Exempt-Bonds-for-Strategic-Biofuels-Project-Approved-by-the-Louisiana-Community-Development-Authority

This plant is being developed by ex VLS Paul Schubert. It’s almost across the street (river) from where VLS is trying in vain to finance their own Bayou plant, using the same feedstock and process.

VLS Being left behind again it seems. Why is that?!?

https://events.barclays.com/ehome/695276/agenda/?&categoryid=4508112

Exactly where is Henrik on the agenda? I can’t see him anywhere..

Do you honestly think that a participation in a conference will have a material positive impact on SP? The desperation is palpable!

Wilco. You need a bigger spade as the the hole you’re currently digging is very deep.

Please take a look at the VLS website and other literature. They openly state that their reactors can support the production of diesel and jet fuel.

Please, please DYOR before posting uneducated nonsense.

Wilco. You’ve just made a fool of yourself with that last post.

If you think biodiesel is the same as renewable diesel, then I strongly advise you to go away and do some additional research.
You’ll see that SAF and RD (renewable diesel, NOT biodiesel) are very similar in properties hence why the FT process to produce the both, is also virtually identical.

Please don’t confuse facts with drivel.

Wilco. Suggest you have a look at FT processes. SAF and Diesel production is virtually indentical, the latter having a better yield that the former. VLS are agnostic and will go where the hand outs are and at this time, it’s SAF.

Please see text herin for your shock factor needs:

https://advancedbiofuelsusa.info/flying-the-low-carbon-skies-on-sustainable-aviation-fuel/

Interesting how Paul Schubert, ex COO of VLS, has chosen BP/Johnson Matthey FT reactors to use in his new plant, rather than the reactors from the company he used to work for.
What does he know that we don’t?!

Other players appear to have secured strategic investment or skin in the game. The closest VLS came to that was getting Shell and BA on board, but then Shell left and BA invested, or took a position in, other developers.

VLS need to get a quality project investor on side ASAP.

Offtakes mean nothing without a project or it’s associated funding to actually produce fuel to satisfy an offtake.
Developers sell houses off plan. Not all developers are successful in building their projects despite selling everything ahead of construction. Same situation here.

These offtakes are far from binding. The IAG one is just a letter of intent and the Southwest ones has several exit ramps, such as completion of satisfactory financing, construction milestones etc.

Ultimately, these offtakes are not bankable as the are not binding.

VLS will still be around, but only due to repeat placings. The challenge they are now seeing is established market entrants FT space. Sasol, and BP for example, both with years of FT experience and arguably a much more reliable supplier. Nobody worth their salt will be contracting a key critical equipment supplier for a $billion SAF project. They’ll go to the aforementioned.

For similar reasons, VLS will be unable to raise sufficient funds to build their own large scale projects.

The company is based on grant hand outs (which they are good at) and placings.

SAF is white hot at the moment and still they do not appear to be materially advancing any of their projects.

This bill only benefits those who actually have the ability to deliver a project. Sadly, VLS are not in this camp. Now, they may get a few reactor orders from other developers, but this is just a ripple on the pond.

Taskmasters article is a bot generated feed so don’t get too excited . The same narrative is used for many companies. See below:

https://uk.yahoo.com/finance/news/were-not-very-worried-gelions-053118616.html

VLS is a technology developer, not a project developer. The two disciplines are vastly different. Many of the other players license third party equipment and focus their efforts on raising capital and deploying projects. Unfortunately, VLS appears to be perpetually Ill-equipped to develop a project much beyond the feasibility stage.

They only have 11 months remaining on their current planning permission. They’d better get a move on.

Gevo is a good example. They have probably the largest SAF commitments of any producer, most of which are recent and with high quality partners - but even with these in bed, the share price hasn’t really improved.
A key partner for VLS, Shell, packed their bags last year and left the AltAlto project. Leaving at such a critical time for the climate and SAF is very telling.

My take on things is that the VLS projects in the US and UK will burn out and the company focus will revert back to selling FT reactors; arguably what they should be doing.

Unlikely. It’ll be BP FT tech that powers the aflnar plant.

Well for one, they once had Shell at the table but unfortunately, Shell decided to part company and invest in the competition. Until they ‘on board’ that strategic investor, that others appear to be able to do with relative ease. it’ll be raise after raise on your bill

Garry, funding is never an issue for VLS as long as you keep funding them. Only a matter of time before the next dilutionary fund raise hits the AIM….

The major pieces of equipment are selected at the beginning of FEED. The objective of FEED is to integrate these major pieces of equipment . It’s clear that VLS has selected the same equipment as Fulchrum to leverage the work they’ve done, in full.

Their FEED has commenced. Their vendors have been selected. You need to research the FEED/FEL process in more detail.

https://www.velocys.com/insights/3207/

Carbon copy of the fulchrum plant.