REG - Velocys PLC - Appointment of Financial Adviser

VelocysAnnouncement

14/03/2023 07:15

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RNS Number : 8185S  Velocys PLC  14 March 2023

 

14 March 2023

News Release

 

Velocys plc

("the Company")

 

 

Appointment of Financial Adviser to Bayou Fuels and Altalto Immingham projects

 

Velocys plc (VLS.L), the sustainable fuels technology company, is pleased to
announce that it has completed the appointment of a leading global investment
bank to advise it on the financing of its two key technology reference
projects: the Bayou Fuels project in Natchez, Mississippi, and the Altalto
Immingham project in the UK.

 

Henrik Wareborn, CEO, said: "Following the recent announcement of our master
relationship agreement with Bechtel, today's announcement further supports the
acceleration of our commercial and strategic vision for Velocys."

 

 

 

For further information, please contact:

 

 Velocys                                               +44 1865 800821

 Henrik Wareborn, CEO

 Philip Sanderson, CFO

 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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