Velocys PLC Velocys completes Red Rock Biofuels reactor order (8384U)
03 Agosto 2020 - 1:00AM
UK Regulatory
TIDMVLS
RNS Number : 8384U
Velocys PLC
03 August 2020
News Release
Velocys plc
(" the Company ")
3(rd) August 2020
Velocys completes Red Rock Biofuels reactor order
Velocys plc (VLS.L), the sustainable fuels technology company,
announces that it 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.
Henrik Wareborn, Velocys CEO, said:
"We are very pleased to have completed the reactor order for Red
Rock's facility in Oregon, USA, which will produce low carbon
sustainable fuels from forestry waste. Our reactor supply chain has
now been tested and has proven our capability to deliver our
technology to our global clients.
"Velocys has the technology, demonstrated at commercial scale,
to enable the production of sustainable fuels. This fuel is
essential for the hard to decarbonise transportation sector and
will help to meet net zero emissions as required by many
Governments."
--Ends-
For further information, please contact:
Velocys
Henrik Wareborn, CEO
Andrew Morris, CFO
Lak Siriwardene, Head of Communications &
Sustainability +44 1865 800821
Numis Securities (Nomad and joint broker)
Stuart Skinner +44 20 7260 1000
Canaccord Genuity (Joint broker)
Henry Fitzgerald-O'Connor
James Asensio +44 20 7523 8000
Radnor Capital (Investor relations)
Joshua Cryer
Iain Daly +44 20 3897 1830
Field Consulting (PR) +44 20 7096
Robert Jeffery 7730
Notes to Editors
Velocys is an international UK-based sustainable fuels
technology company. Velocys designed, developed and now licenses
proprietary Fischer-Tropsch technology for the generation of clean,
low carbon, synthetic drop-in aviation and road transport fuel from
municipal solid waste and residual woody biomass plants currently
in construction and development.
Velocys is at present developing two reference projects: one in
Natchez, Mississippi, USA (incorporating Carbon Capture,
Utilisation and Storage) and one in Immingham, UK, to produce fuels
that significantly reduce both greenhouse gas emissions and key
exhaust pollutants for aviation and road transport. Originally a
spin-out from Oxford University, in 2008 the company acquired a US
company based on complementary technology developed at the Pacific
Northwest National Laboratory. Velocys is headquartered in Oxford
in the United Kingdom.
www.velocys.com
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END
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