RCS - Velocys PLC - Velocys to participate in Barclays CEO Conference

VelocysAnnouncement

08/09/2022 07:00

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RNS Number : 6918Y  Velocys PLC  08 September 2022

8 September 2022

News Release

 

Velocys plc

("the Company")

 

 

Velocys to participate in 2022 Barclays CEO Energy-Power Conference, US

 

Velocys plc (VLS.L), the sustainable fuels technology company, announces that
CEO Henrik Wareborn, will today be attending the 2022 Barclays CEO
Energy-Power Conference in New York. He will be participating as a panellist
on Sustainable Aviation Fuel ("SAF") with Gerard Ostheimer, Co-Manager of the
Clean Energy Ministerial Biofuture Campaign, a global forum to promote
policies and programmes that advance clean energy technology.

 

The panel will be hosted by Will Thompson, Senior Research Analyst,
Industrials and Energy sectors, Barclay's Sustainable and Thematic Research
Team, who recently published a report on the emerging need for SAF to
decarbonise the hard-to-abate aviation industry.

 

Velocys' IP-protected technology utilises abundant waste feedstocks, which
includes forestry, residential and commercial, to enable the production of
ultra-low carbon intensity synthetic aviation fuel. In November 2021, Velocys
signed agreements for 100% of the SAF output expected from the Bayou Fuels
facility with Southwest Airlines (a 15-year offtake agreement) and IAG/British
Airways (MOU for a 10-year offtake agreement). Bayou Fuels is a planned
cellulosic biofuels plant enabling the production of carbon negative fuel
through the use of biogenic feedstock, renewable power, and carbon
sequestration. The biorefinery will convert 3,000 tons/day of woody biomass
forestry residues into 36 million gallons/year (nameplate) of renewable
transportation fuels, predominantly SAF, with a negative carbon intensity.

 

The Barclays CEO Energy-Power Conference is one of the world's premier equity
research conferences, attended by many of the world's leading energy companies
and over 1,000 investors.

 

For more information on the conference, view:

https://events.barclays.com/ehome/index.php?eventid=695276&categoryid=4508112
(https://events.barclays.com/ehome/index.php?eventid=695276&categoryid=4508112)

 

Velocys' most recent investor materials can be accessed on its Investor
Relations website: https://www.velocys.com/investors/
(https://www.velocys.com/investors/) .

 

 

For further information, please contact:

 Velocys                                               +44 1865 800821

 Henrik Wareborn, CEO

 Philip Sanderson, CFO

 Lak Siriwardene, Director of Communications
 Panmure Gordon (UK) Limited (Nomad and Joint Broker)  +44 20 7886 2500

 Hugh Rich (Corporate Broking)

 Emma Earl (Corporate Finance)

 John Prior (Corporate Finance)

 Shore Capital Stockbrokers Limited (Joint Broker)     +44 20 7408 4090

 Henry Willcocks (Corporate Broking)

 Toby Gibbs (Corporate Advisory)

 James Thomas (Corporate Advisory)
 Radnor Capital (Investor Relations)                   +44 20 3897 1830

 Joshua Cryer

 Iain Daly
 Buchanan (Financial PR)                               +44 20 7466 5000

 Helen Tarbet

 Simon Compton

 

--Ends-

 

Notes to Editors

 

Velocys is an LSE-listed, international sustainable fuels technology company,
traded on the AIM, providing customers with a technology solution to enable
the production of negative Carbon Intensity synthetic, drop-in fuels from a
variety of waste materials. Synthetic fuel is the only commercially available,
permanent alternative to fossil aviation fuels. The Velocys technology is
IP-protected in all major jurisdictions.

 

Two reference projects (Bayou Fuels, US, and Altalto, UK) are designed to
accelerate the adoption and standardise the Velocys proprietary Fischer
Tropsch (FT) technology with an integrated end to end solution, including
renewable power and carbon sequestration.

Velocys is enabling commercial scale synthetic fuel production in response to
the clean energy transition, with significant additional positive air quality
impacts.

www.velocys.com (http://www.velocys.com)

 

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