Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
ahk9 thanks for highlighting this video, I have to agree that there is a resounding positivity coming from Henrik. This feels like a pivotal moment for green aviation and I believe it won't be long before we see legislation mandating the use of SAF and a deadline for it - in the UK, US and most developed nations. The MOD has stated this already (https://www.gov.uk/government/news/sustainable-fuels-to-power-raf-jets) - there is ZERO doubt it's going to happen, it's a matter of when... and the UK & US will want to lead by example with this after COP26, so I don't see it being far off. Hold for gold!
regvarny I'm thinking exactly the same as you. At first, with the way the RNS is constructed alarm bells were ringing - but reading it properly you see that this is a huge opportunity for EQTEC and can really give them some clout over in the US.
Seems the likely scenario is for another RNS a few weeks/months down the line announcing that EQTEC are now the majority company. If you sold on this news, are you going to buy back in on that news when the price spikes?
You're crazy if you've sold off the back of this...
You just need to keep a cool head Criag. Have courage in your conviction, but don't over-expose yourself by putting what you can't afford to lose on a stock - else it leads to a very uncomfortable wait.
We still have half the year to go, we've got a super duper healthy bank balance now, the pipeline of €657m has been reiterated and the fundamentals here haven't changed.
At the moment good news just seems to be getting absorbed into the current staleness of the market sector (I'd personally want the BIG news to be delivered when it's going to pack a punch & reflect in the SP), however I personally believe green energy market will begin to gain momentum again soon; for example this weekend's G7 meeting could possibly produce some green news and get the ball rolling? As you said, patience is key here :)
Not even close. They had money in the bank - this wasn't an RNS to survive another year; it's all down to an accelerated growth model and most likely to secure themselves some of the €657m pipeline contracts they keep referring to.
Only good news expected from now on as far as I see things!
Evening all. I've produced an unofficial overview & analysis (RNS Digest) on the recent Placing, which takes a look at the reasoning and results. Hope some of you at least find it useful!
https://twitter.com/iQBenQi/status/1399460722992689159
I've produced a short video that's intended to summarise the current status of Kodal Minerals - it's an unofficial video produced by myself to try and bring new/potential investors up to speed and help with their DD.
Link: https://twitter.com/iQBenQi/status/1392298504710721536
If you find it useful, please like/share. Also appreciate any feedback you may have!
As the BoE Governor stated today, he's expecting an economy bounce back. I believe the green market has been oversold and we should hopefully expect a bounce back in the very near future too. Fortune favours the bold, but also the patient!
A good RNS would certainly kick-start things, and with a total potential pipeline of €657m we must be due one very soon!
I've produced a short video that's intended to summarise EQTEC as it stands - produced off my own back to try and bring new/potential investors up to speed and help with their DD.
Link: https://twitter.com/iQBenQi/status/1377907201210257412
If you find it useful, please like/share. Also appreciate any feedback you may have!
First time PREM poster here.
I don't see this being a bad thing at all to be honest. Having Zulu Lithium as a subsidiary in fact means they are more likely to be seeking a JV here, but still want to retain maximum ownership of PREM... and I'd certainly prefer to see a JV for the Zulu project.
Expatbrat is correct in highlighting the fact that Velocys are dependent on Government policy change, however this is true for every single SAF producer. I also don't think the new jet zero competition is directed at the likes of Velocys - the Altalto project is beyond this stage and will hopefully receive investment from the Government many multiples of the £15m competition pool.
Remembering the MOD commitment to using SAF going forward, having a Government backed/partially owned source of SAF would bode extremely well for them. Whilst I still think the Altalto project would be appealing to many companies looking at becoming the new 4th partner, it wouldn't at all surprise me if Velocys, British Airways and the DfT were happy for the project to go ahead as just the 3 of them.
Overall a frustrating 9 months in my opinion, with lack of communication being at the forefront of that frustration. The potential remains though, and Velocys are definitely still in a very good position; the PR team, however, are failing to reinforce this to investors, which is evident with the massive gaps in any information being delivered to investors. The only positive is that good news tends to spring from nowhere with them, which I'm hoping isn't too far away.
Yes, very clever ivans. Altair have just invested and have a holding of over 20%... TWENTY. But they've suddenly had a change of heart? Come off it, how silly do you reckon you sound?
I also have a date of 29th March for the Aries hearing, so try again GreenValueHunter.
All green stocks are down, hot topic is FTSE recovery , money will soon be back on green - especially at these prices. Green will equal green ($) again soon.
sensetalka, I think this link provides a good summary for RINs:
https://www.targray.com/biofuels/rin-credits
"A RIN – short for Renewable Identification Number – is a credit that is generated each time a gallon of renewable fuel (ethanol, biodiesel, etc) is produced. The two are not inextricably linked, however, as the RIN can be split from the gallon when it is bought on the open market. The credit alone can then be sold to businesses interested in purchasing of RIN credits.
RIN credits comprise a fungible, tradable regulatory currency that represents a qualifying renewable fuel. RINs and RIN trading have played an important role in the development of today’s North American biofuels market."
From my understanding:
- RINs can be generated (e.g. by Velocys (D3 RINs refer to cellulosic biofuels)) and also bought/sold. They're essentially contracts that can be used as a 'currency' to meet regulatory quotas in the US.
- If the affected refiners/importers don't blend enough biomaterial, they must make up the difference by buying RIN credits.
Sirtugalot, I was going to argue your points, but I feel your post in itself has shown you to be an idiot and saved me the job. Cheers mate.
8p is a bargain in my opinion. Achieving further govt. funding will send this SP a LOT higher.
I also agree nit2wynit that whilst hydrogen may have a future in aviation, we are decades away from that. Even if/when aircraft utilising hydrogen are developed in the future, you still have to phase out the existing fleets. In the meantime, SAF is the only feasible alternative.
The fact that British Airways, an end-user, remain fully committed to the project speaks volumes. This project still has 3 investors: Velocys, British Airways & Department for Transport.
The likes of BP, Total, Chevron, Exxon etc. could all step in if deemed suitable. There is nothing unique about Shell in this instance - they are totally replaceable.
Over the next year or so I expect we'll see SAF mandatory policies being set for the civilian aviation industry. What also brings confidence for the future of this project is that at the very least, the MoD will want to secure the ability to obtain SAF for the RAF going forward:
https://www.gov.uk/government/news/sustainable-fuels-to-power-raf-jets
Velocys will still be the UK's flagship for green aviation. I genuinely feel people will come to regret today's knee-jerk selling in a few weeks. For me at least, the outlook and potential still remains very positive.
Extremely interesting interview. Great for him to reiterate EQTEC's desire to look at hydrogen production along with the pipeline of projects across Europe incl. France, Balkans, Greece, UK, but even more so the licensing model. In August EQTEC tweeted about Sir Stelios Haji-Ioannou looking at applying the Easy brand to the waste-energy sector. A deal like that would be huge for EQT - and is starting to sound credible.
Link: https://twitter.com/eqtec/status/1291660470244392960