Velocys receives discounted takeover approach
20th Nov 2023 09:43
(Sharecast News) - Velocys tumbled on Monday after saying it has received a possible takeover offer from a consortium led by Lightrock and Carbon Direct Capital at a considerable discount to the current share price, and warning it was unlikely to be able to continue as a going concern beyond the end of December.
Read moreVelocys shares plunge as loan note funding falls through
31st Oct 2023 08:36
(Sharecast News) - Shares in sustainable fuels technology developer Velocys were plunging on Tuesday after it updated the market on its funding plans.
Read moreVelocys shares tumble despite Ohio facility launch
23rd Oct 2023 08:43
(Sharecast News) - Shares in Velocys tanked on Monday despite the sustainable fuels technology company hitting a key milestone with the launh of a new 52,500 square-foot facility in Ohio.
Read moreVelocys raises £6m for manufacturing scale-up, Ohio facility
19th May 2023 07:21
(Sharecast News) - Sustainable fuels technology company Velocys successfully raised £6m in a placing and retail offer on Friday, to be used on the scale-up of manufacturing and the commissioning of its Ohio facility.
Read moreVelocys confirms Altalto claims first tranche of DfT grant funding
10th May 2023 13:10
(Sharecast News) - Velocys announced on Wednesday that Altalto has claimed the first tranche of £7m from the UK Department for Transport (DfT) advanced fuel funds grant for the Altalto Immingham sustainable aviation fuel project.
Read moreVelocys taps Philip Sanderson as its new finance chief
9th Jun 2022 15:40
(Sharecast News) - Sustainable fuel technology company Velocys announced the appointment of Philip Sanderson as an executive director and its new chief financial officer on Thursday, with effect from 22 June.
Read moreVelocys strikes sustainable fuel offtake deal with Southwest Airlines
10th Nov 2021 12:40
(Sharecast News) - Sustainable fuels technology company Velocys announced on Wednesday that its wholly-owned subsidiary Velocys Renewables had entered into its first offtake agreement for the sustainable aviation fuel (SAF) to be produced at the planned Bayou Fuels biorefinery project in Mississippi, with Southwest Airlines.
Read moreVelocys technology chosen for Japan aviation fuels project
25th Aug 2021 11:38
(Sharecast News) - Sustainable fuels technology company Velocys announced on Wednesday that its Fischer-Tropsch (FT) technology had been selected for an e-fuels project by Toyo Engineering and its consortium of six Japanese companies.
Read moreVelocys enters strategic deal with Koch Project Solutions
30th Jun 2021 14:54
(Sharecast News) - Sustainable fuel technology company Velocys announced the execution of a strategic framework agreement with Koch Project Solutions (KPS), a subsidiary of Koch Engineered Solutions, for its Bayou Fuels biorefinery project in the US state of Mississippi on Wednesday.
Read moreVelocys revenues narrow as it focuses on fuel technology
17th May 2021 09:53
(Sharecast News) - Sustainable fuel technology company Velocys reported revenue of £0.2m in its final results on Monday, down from £0.3m year-on-year.
Read moreVelocys extends sustainable fuel project agreement with BA
30th Mar 2021 13:13
(Sharecast News) - Sustainable fuels technology company Velocys has jointly agreed to extend the current option agreement with British Airways for the 'Altalto' project, it announced on Tuesday, to 31 March 2022.
Read moreVelocys signs collaboration deal with Toyo Engineering
8th Feb 2021 15:01
(Sharecast News) - Sustainable fuel technology company Velocys announced the signing of a collaboration agreement with Toyo Engineering Corporation on Monday, to start the development of their commercial projects to produce sustainable aviation fuel and other renewable fuels in Japan.
Read moreVelocys delivers four reactors to Red Rock Biofuels
3rd Aug 2020 11:37
(Sharecast News) - Sustainable fuels technology company Velocys has completed the manufacture and delivery of four reactors to Red Rock Biofuels, it announced on Monday.
Read moreThursday broker round-up
25th Jun 2020 14:05
(Sharecast News) - InterContinental Hotels: Jefferies downgrades to hold with a target price of 4,100.0p.
Read moreVelocys on track with projects as loss shrinks
19th Jun 2020 10:38
(Sharecast News) - Velocys said its projects were on track as the waste-to-fuel company reported a shrinking of its annual loss as administrative costs fell.
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