Velocys Plc (LON:VLS)

Energy

Founded in 2001, Velocys Plc is a UK-based fuel technology business that offers Fischer-Tropsch technology for the generation of synthetic drop-in aviation, low carbon and transport fuel from waste woody biomass and municipal solid waste. The company has developed from technology spin-outs of the Pacific Northwest National Laboratory in the USA and Oxford University in the UK, to a public company with demonstrated technology.  The company partners with strong technology partners to offer operational, technical and development capabilities to ongoing projects. The company’s shares are traded on the Alternative Investment Market (AIM) of the London Stock Exchange as LON: VLS.

The company at present is engaged in developing two reference projects that include Altalto in Immingham, UK and Bayou Fuel in Natchez, Mississippi, US, to produce fuels that significantly reduce greenhouse gas emissions and key exhaust pollutants for road and aviation transport. The Altalto project is engaged in developing a commercial plant to make sustainable jet fuel in partnership with British Airways. It is expected to be the first Europe based commercial scale waste-to-jet-fuel facility.

The project process commercial and household waste for incineration or landfill. The Bayou Fuels project will process waste from paper and lumber industries to create sustainable aviation fuel for airline transportation in US. The company’s partnership with Oxy Low Carbon Ventures, LLC will take these environmental benefits a step further via CCS. The composition of OLCV’s expertise and CCS technology in storing CO2 will allow the company’s facility to produce net negative carbon intensity fuels. The company’s Fischer-Tropsch synthesizes hydrocarbons into fuel and enables the production of advanced biofuels from large sustainable carbon sources such as forest residues and household waste.   

Contact Information

company address 115E Olympic Avenue OX4 4GA United Kingdom

company phone+44.1865.800821

company websitehttp://www.velocys.com/

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