Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Your right Jdubya - the problem is that we are not allowed to know what the source of that graphene is - Is it from their proven but tiny and expensive laboratory production? or from a credible industrial and much cheaper process under ongoing and near time for completion development? - The latter has been promised for ever but has not been unveiled or presented in any form yet - It may quite well be that it will never exist as far as we know - This is the most closest guarded secret that VRS has - NDA`d across a tiny Cabal of those at the the top of the Co - "The Secret Sauce masters" as the Co itself calls them - Its is likely that even senior Execs at the company are not privy to the truth re this - Why the secrecy? - At this time I can think of no reason other than to protect the Company CEO from disgrace and the SP from complete destruction - I would love to be proved wrong though about this and would be investing in this Co very heavily if I was - But not holding my breath...
Have to say the current SSE p/e of 7.48 is looking increasingly at odds with the reality of the Companies business plan going forward - No wonder break up rumours are spreading at this valuation - The high level of debt are the Co are the apparent concern but negative or positive debt size perception is all linkedto the debt/market cap ratio - With debt invested in such high growth areas such as renewable energy sources and associated infrastructure provision then a re-rating here is inevitable and when the market cap increases then the debt issue shall shrink accordingly - Given the prospects for SSE now, including the export markets for energy suppyetc to Europe in the future, I think a P/E here of at least 12 here is attainable within the next 12 months - and given the likely growth of profits coming up then a doubling of the market Cap cant be ruled out within the next 2-3 years - And that is without a takeover/break up - Good time to be in SSE
Interesting the stake being built here - there is no doubt about it - The early mega investment in the offshore wind sea-acreage grab has proveed an excellent and future proofing piece of business - Recent auctions for further acreage has seen prices go through the roof - Effectively re-valuing SSEs previous sea bed investments at a much higher rate - Has the wider City view cottoned onto all this and the full potential of offshore wind? - Not so far but I smell the first realisation of the potential here - And it has obviously been noticed by some very shrewd operators with deep pockets - Going to be an interesting ride here methinks - Holding for the Divi, The undoubted rapid growth potetial - AND the potential takeover prospects - All good..
Interesting chat and good simple explanation re RINS in the USA - In other words the less biofuel that refiners mix in with their products ( 50% I believe to qualify as SAF?) the more Rin credits they have to buy on open market - Check out the REGI ticker in the USA - THe USA`s standout procurer of sustainable feedstocks for renewable fuels - working the Tax break & RIN system very profitably indeed over there ( these incentives not going away) - An excellent potential partner for the VLS MWS conversion system - Someone should bring these two together
Nice find john077- almost certainly we are going to get EU/UK directives this year that will mandate a fixed proportion of SAF to be used via local domestic refuelling - all with a view to increasing said proportion over time - with deliberately grown and farmed bio feedstock likely to be rule out it looks like msw going to be a very popular feedstock - yesterday’s enormous municipal waste dumps might just be tomorrow’s gold mines?
With regard to MSW - my enquiry to vls resulted in the unexpected statement that each T of delivered msw to the immingham waste plant could deliver close to £100 per T of landfill tax substitute income to the plant - at the 500k T per annum likely delivery rate that is £50 mil per annum of income to the plant already - by my calcs SAF fuels sales at a mandatory minimum of 3x ( could be set higher) cost of standard aviation fuel will bump this sum up to £200 mill plus income per Annum from Immingham alone - more than enough to cover capital costs over 25 years lifetime and processing costs you’d think - should hopefully be a nice profit left over for our tech involvement
thanks expat - saves a bit of time hunting around
Just wondering if anyone can point to a link expressing exactly where the VLS future income stream is going to come from? - some projected figures would be nice as well - I know that they wont play any part in the ownership of plants such as at Immingham - unlike the US competition business model - Is this a mistake I wonder
https://www.gov.uk/government/news/climate-ambition-summit-raises-ambition-on-road-to-cop26
Apple etc amongst others gonna be flying products by SAF looks like - Another example -
"the International Airlines Group, a British Spanish airline holding company, has committed to achieving net zero emissions by 2050, the first airline group worldwide to do so. The Oneworld Alliance of 13 airlines, representing 20% of global aviation, also announced a US$400m investment in sustainable aviation fuels to achieve net zero carbon emissions by 2050."
RED ROCK due to start producing 2nd QTR this year - for Shell - Looks like VLS gonna beat Fulcrum to get some of its Co produced SAF into the air first
Particularly like this bit - MOD business an excellent gateway to the civilian and international markets it seems -
"The MOD’s move to allow up to 50 per cent sustainable fuel marks a huge shift in global fuel consumption and opens the door for thousands of civilian and military aircraft to be fuelled with Sustainable Aviation Fuels (SAFs).
Not only do Australia and several NATO countries rely on the UK’s standards to influence what fuel they use, but civil and commercial airlines in the UK follow the defence standard as there is no commercial equivalent.
UK suppliers are also more likely to offer the same standard for commercial aircraft if they are already developing and importing sustainable fuel to supply defence. The Compania Logistica de Hidrocarburos-Pipeline System (CLH-PS), which is based in Madrid and provides fuel to several military airfields as well as Heathrow, Gatwick, Manchester airports, has welcomed the MOD’s new standards as an opportunity to pursue sustainable fuel use."
RAF jets to fly on converted Municipal waste SAF - Wonder where thats coming from? - Could it be via the old MOD supply pipe network that passes Immingham I believe? - https://www.gov.uk/government/news/sustainable-fuels-to-power-raf-jets
Looks like RAF going to operate on SAF 50% blend - Apparently from Municipal waste source amongst others - wonder where theyre gonna get that from?...... - https://www.gov.uk/government/news/sustainable-fuels-to-power-raf-jets - Immingham connected to MOD underground oil supply network i believe?
Welll – That`s me sold out of Orsted 100% today - A great pity because I love the Co and I had this one down for my long term pension plan, but the Danish Govts cash grab plans have put that one off the table
The Danish Govt own more than 50% of the company and obviously by this latest move are now looking at the Co as an ongoing Cash Cow, rather than as an independent Co - Frankly I think political/national greed is involved here - All share holders should have been looking forward to a rising Capital value (SP) and rising dividends - The Danish Govt now seems to have its eyes on reaping their own extra "Tax” dividend with other shareholders being unfairly excluded
Orsted should have had an enviable future ( It may still have) but with the dead hand of Govt interference/greed then that is now in question for me
The Danish Govt has seen the potential for increasing takings here & given Orsted valuable Sea Bed real Estate value and future pipeline of same, it has made its move - Likely a win win for them as this move could also crash the SP and allow them to get 100% of the Co on the cheap - Too much risk for other shareholders here now - I smell a potential and serious mugging in the offing – It has already started
Eg - the likes of Orsted is First mover in the ocean floor Prime Real Estate biz in a big way - it also aims to own a big chunk of its own production going forward & all destined for an apparently inexhaustible & inevitable market - RIP FF - time to GTF methinks
Cheers guys - no disrespect meant - personally all in favour of dropping FF ASAP - and there’s definitely a new game in town waiting to take over - Just concerned that these machines could end up being mass produced by all sorts - When the Xerox photocopier came in it was likely patented & each model was sold with an expensive maintenance programme attached - I want to know just how ITM stays ahead of the likely competition and what other angles it is working rather than the simple but copyable mass production model? - Will they offer machine servicing/operating packages etc?
The love the itm story & in particular their close relationship with orsted - there is no doubt that their machines can be churning out green hydrogen by the zepellin load - my concern is that at the current valuation how many of their biggest machines must they sell & when to make sense of it? - how much does such a machine sell for - is the market susceptible to major industrial giants moving into it - will China mass produce? - is itm a one trick manufacturing pony or do they intend to sell their own hydrogen? - do they have associated but different strings to their bow?
Given its Abu Dhabi connection then CEPSA may well be interested in taking over QFI for a low ball price - Especially given emerging developments in Abu Dhabi re electricity production hTTps://www.thenational.ae/business/capital-may-burn-oil-at-power-plant-1.521858
Salinger - You are hopeless - A waste of time letting you decipher any legal document - I would imagine way beyond an obviously puddle depth of intellect Arsene - Regarding you - the clue is in the first 4 characters of your handle Jackg - Much better - At last! - I havnt checked but that sounds like much stronger evidence that MMU moved and possibly to KSA - Does the kit moved match the kit spotted on Preps google earth find in KSA and its layout? Like drawing hen`s teeth this, but hopefully getting somewhere at last....
Re this statement "The update announced on 22 January 2018 confirmed that the preparatory work for the fuel production was essentially complete and that the third party engineering study for the boiler consumption phase had been delivered to the client in Saudi Arabia. Since this update, commissioning of the fuel production system has been completed by Quadrise and the boiler engineering study has been accepted by the KSA clients." Boy Porche - I did query QFI Contact - whether fuel production in Gib or KSA - No reply Surely some head honcho at the forum must also have done so? Not sure why the Co. just cant answer what is a fairly harmless query - Anyone else want to try?
Salinger - Jange has just kindly provided the link to the RNS I presume you are referring to - including this relevant bit - "The update announced on 22 January 2018 confirmed that the preparatory work for the fuel production was essentially complete and that the third party engineering study for the boiler consumption phase had been delivered to the client in Saudi Arabia. Since this update, commissioning of the fuel production system has been completed by Quadrise and the boiler engineering study has been accepted by the KSA clients." This statement could equally apply to fuel production at Gib. as anything else - As another poster pointed out CEPSA would have to carry out fairly major preparatory works to produce, store & ship the much larger quantity of fuel required " Also the trial is titled the "Boiler Combustion trial" - not Saudi "MSAR production trial" - They already know that KSA residuals are good to go if boiler trial ok - I assume! Prep a better effort from you re providing google earth data - But no conclusive evidence from anyone re my query about fuel being produced in KSA Still waiting - and still fishing for the truth here (if you hadnt guessed) In the absence of hard evidence, then CEPSA at Gib. must still be the favourite as provider IMHO Over to you guys..