In the UK, Velocys has entered into a contract with a European renewable fuels developer to provide initial engineering services to a project, which is in the planning stages. Whilst the revenue for this initial stage of the project is de minimis (and project progression to material revenues to be determined), the agreement broadens the […]
In the United Kingdom, Velocys PLC has raised £25 million ($33 million) through a Placing with institutional investors at 8 pence per share, with a potential further £2M through an Open Offer. The funds will be used mainly for capital investment in manufacturing capability, advancement of two projects including Bayou Fuels in Mississippi and Altalto […]
It was a hot week for sustainable aviation news with Velocys entering a 15-year offtake deal for 575 million blended gallons of net zero SAF to be produced at their planned Bayou Fuels biorefinery project in Mississippi for Southwest Airlines and a 10-year offtake agreement with International Consolidated Airlines Group (which includes British Airways, Aer […]
In the UK, Velocys plc says its collaboration partner, Toyo Engineering Corporation. is starting the advanced engineering and design phase of a commercial scale biofuel refinery in Japan. TOYO’s engineering study will start to establish commercial-scale production of Sustainable Aviation Fuel (SAF) in Japan. During this phase of the project, TOYO will integrate biomass gasification, […]
There were 22 weekdays in April. There were 15 announcements about sustainable aviation fuel progress, advancements, implementations, and production in just those 21 days. What does that mean? Why is SAF suddenly taking off like never before, even as the aviation industry was turned upside down due to the COVID-19 pandemic? Why are companies pivoting […]
In the UK, Velocys plc has signed a collaboration agreement with Toyo Engineering Corporation (Toyo) to start the development of their commercial projects to produce Sustainable Aviation Fuel (SAF) and other renewable fuels in Japan. The agreement follows on from the successful work already conducted in 2020 between Velocys and Toyo at the biomass-to-jet-fuel demonstration […]
Q: What was the reason for founding your organization – what was the open niche you saw that could be addressed with a new product or service? What was the problem, or gap, or opportunity? Velocys is delivering the next generation of sustainable fuels to decarbonize aviation. We were founded from spinouts of Oxford University […]
In the UK, Velocys has completed the manufacturing and delivery of four reactors to Red Rock Biofuels (RRB). RRB has a further option to purchase an additional two reactors by the end of 2020. “We are very pleased to have completed the reactor order for Red Rock’s facility in Oregon, USA, which will produce low […]
In the UK, Velocys has welcomed the publication of a letter to the Chancellor from a cross-party group of MPs, calling for the Government to enhance investment in aviation decarbonization, whilst recognizing synthetic fuels as the realistic practical solution to lower carbon emissions and meet net zero targets. The letter, sponsored by Conservative MP Sir […]
In the United Kingdom, Velocys plc, the sustainable fuels technology company, secured a further £0.5m (nearly $627,000 USD) of grant funding for the Altalto waste-to-fuels project from the Department for Transport, under the Future Fuels for Flight and Freight Competition. The proposed Altalto Immingham plant is planned to convert hundreds of thousands of tonnes per […]
