REG - Velocys PLC - Velocys completes Red Rock Biofuels reactor order

VelocysAnnouncement

03/08/2020 07:00

RNS Number : 8384U
  
Velocys PLC
  
03 August 2020
  
 

 
 
News Release
 
Velocys plc
("the Company")
 
              
3rd 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."
 
 
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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)
Robert Jeffery


 +44 20 7096 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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