VLS.L Regulatory News (VLS)

News release

Velocys plc

("Velocys" or "the Company")

19 June 2018

Velocys and PQ partner for catalyst manufacturing

PQ Corporation to supply commercial quantities of Velocys' proprietary catalyst for multiple biorefineries

Velocys plc (VLS.L), the renewable fuels company, is pleased to announce that it has partnered with PQ Corporation (PQ) for the supply of commercial quantities of Velocys' proprietary catalyst to be used in multiple biorefineries incorporating its technology. PQ is a leading global provider of specialty catalysts, services, materials and chemicals for the refinery, emissions control and petrochemical industries.

Catalyst produced by PQ has already been used to successfully produce renewable transportation fuel and other products at ENVIA, the world's first commercial smaller scale gas-to-liquids plant, which incorporates Velocys technology. In addition, PQ will manufacture the catalyst to be used by Velocys' licensees as well as by the biorefinery projects that the company is developing with its industry partners, including its US biorefinery that will convert waste woody biomass into 20 million gallons per year of low-carbon transportation fuels and its plant in the UK that will convert waste into sustainable jet fuel.

Paul Schubert, COO of Velocys, said:

"PQ has the proven capability to produce Velocys' catalyst following our rigorous commercial production methodology. Our relationship with PQ gives us a great combination of a trusted and high-quality manufacturer who can deliver for us all over the world. After their successful production and deployment of our catalyst at the ENVIA biorefinery, we're now ready to move to the next phase of catalyst manufacturing, with greater commercial quantities produced for future projects."

David J. Taylor, PQ's Executive Vice President and President - Environmental Catalysts and Services, said:

"Our highest priority is to safely manufacture, market and distribute products in a responsible manner that protects the environment. We do this, in part, by collaborating with our customers to create new products and technologies that further our mission. Our partnership with Velocys is a perfect example of this."

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About Velocys

Velocys is dedicated to becoming a material producer of renewable fuels from sustainable resources. We have developed proprietary technology that can cost effectively produce low-carbon, drop-in jet and diesel fuels from a variety of waste materials, including woody biomass and municipal solid waste, at a scale that matches feedstock collection logistics. Velocys technology is in use at ENVIA, the world's first commercial smaller scale gas-to-liquids plant. We are using our operational experience and capabilities to drive the development of additional biorefineries in the US and UK, with our strategic partners, from concept to full operations. Velocys plc is admitted to trading on the AIM market of the London Stock Exchange (LSE: VLS). The Company operates from its commercial centre in Houston, Texas, and its facilities in Oxford, UK and Columbus, Ohio.

www.velocys.com 

About PQ

PQ Corporation is a wholly owned subsidiary of PQ Group Holdings, Inc. (NYSE: PQG), an integrated, global provider of specialty catalysts, materials, chemicals and services. PQ's environmental catalysts and services business is a leading global innovator and producer of catalysts for the refinery, emissions control, and petrochemical industries and is also a leading provider of catalyst recycling services to the North American refining industry. PQ's performance materials and chemicals business is a silicates and specialty materials producer with leading supply positions in North America, Europe, South America, and Asia, serving diverse and growing end uses such as personal and industrial cleaning products, fuel-efficient tyres, surface coatings, and food and beverage products.

www.pqcorp.com