Velocys is a chemical technology company involved in smaller scale gas-to-liquid (GTL) processing - a process that supports the shale gas and biowaste industries. The process is used to turn natural gas or biomass into liquid states such as diesel and jet fuel. Velocys has several hundred patents in over 30 countries, and employs around 100 staff based out of Houston (Texas), Oxford (UK), and Columbus (Ohio).
Velocys Plc Ord 1P is listed on the London Stock Exchange trading with ticker code VLS.L, and is part of the Industrial Chemicals sector. It has a market capitalisation of £1,662m, with approximately 410m shares in issue. Over the last year, Velocys Plc share price has been traded in a range of 14.6, hitting a high of 17.90, and a low of 3.30.
Velocys Plc, officially known as Velocys Plc Ord 1P was formed in February of 2006, making the company thirteen years old. The company filed its latest accounts on 31st December 2014. Velocys Plc currently has 8 directors, and has had 8 previous directors over the last 13 years. In the last set of accounts produced by Pricewaterhousecoopers Llp, the company showed 14.01 million paid in salaries to the 105 staff (average wage of 133 thousand), with the directors receiving an average 262 thousand each. In the accounts filed in 2014, the company paid 0 in dividends. These accounts also showed Velocys Plc to have a net worth of 56.20 million, with 31.69 million held in cash.
Velocys Plc is in the Industrial Chemicals sector.
Velocys Plc is in the AIM 350 index.
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|Shares in Issue||410m|
|52 Week High||17.90|
|52 Week Low||3.30|