Velocys raising £6m to fund ongoing development
23rd Jul 2018 14:56
(Sharecast News) - Renewable fuels company Velocys announced on Monday that it intends to raise £6m gross by way of a placing.
Read moreVelocys announces 'strategic alliance' with Morimatsu
17th Jan 2017 11:47
(ShareCast News) - Small scale gas-to-liquids company Velocys announced on Tuesday that it has signed a memorandum of understanding establishing a strategic alliance with Morimatsu Jiangsu Heavy Industry, a subsidiary of Morimatsu Industry Company. The AIM-traded firm said Morimatsu will be its pref
Read moreVelocys completes Oklahoma plant, posts strategic review
13th Dec 2016 14:18
(ShareCast News) - Small scale gas-to-liquids company Velocys announced the results of its strategic review on Tuesday, following the completion of construction of its commercial reference plant in Oklahoma City, where commissioning was ongoing. The AIM-traded firm said the new strategy would build
Read moreVelocys releases funding to complete US GTL plant
5th Feb 2016 12:45
(ShareCast News) - One of Velocys' more exciting projects made great strides on Friday, with the release of further funding to complete its ENVIA Energy gas-to-liquids plant at a US landfill site. The AIM-traded firm operating in the smaller scale gas-to-liquids (GTL) industry said the contract cove
Read moreVelocys appoints David Pummell as CEO
6th Jan 2016 11:02
(ShareCast News) - Velocys announced the appointment of David Pummell as chief executive officer with immediate effect. The gas-to-liquids technology firm said Pummell joins from ACAL Energy, a private equity backed fuel cell technology group developing products for the automotive and stationary pow
Read moreVelocys, CompactGTL settle in patent dispute
21st Dec 2015 14:10
(ShareCast News) - A win for Velocys on Monday, as it reached a settlement with a rival over a two-year intellectual property dispute. The AIM-listed gas-to-liquids technology firm had filed a patent infringement case against competitor CompactGTL in 2013. It alleged that certain activities at the
Read moreJohnson Matthey settles with Velocys over IP infringements
23rd Sep 2015 09:49
(ShareCast News) - Velocys has come to a settlement with Johnson Matthey over its intellectual property (IP) infringement case. In April 2010, the gas-to-liquids company filed a lawsuit in the US against Catacel (subsequently purchased by Johnson Matthey last year) claiming infringement of several o
Read moreVelocys' CEO steps down
11th Aug 2015 08:38
(ShareCast News) - Velocys' chief executive Roy Lipski is set to leave the small scale gas-to-liquids company with immediate effect, the group said on Tuesday. In a short statement, the London-listed company said the decision was mutually agreed and that the group will shortly begin the search for a
Read moreVelocys suspends CEO during serious misconduct investigation
6th Jul 2015 10:41
Velocys said on Monday that its chief executive, Roy Lipski, has been suspended while an investigation into allegations of serious misconduct is carried out. Lipski will be temporarily replaced by chief financial officer Susan Robertson. The gas-to-liquids group said the suspension does not constit
Read moreVelocys year-end revenue comes in at £1.7m
28th Apr 2015 09:39
Small cap gas-to-liquids company Velocys posted revenue takings of £1.7m for the year ended 31 December. Additionally, the company said it had raised £52m before expenses in an equity placing at 225p per share. It now had cash holdings of £59.8m on the balance sheet to take advantage of "significant
Read moreSector movers: Chemical stocks hit by DuPont profit warning
27th Jun 2014 14:41
The selling pressure on the UK chemical sector continued on Friday on negative readacross from a profit warning by US giant DuPont, one of the largest chemical companies in the world. The UK chemical sector was down around 0.6% this afternoon and has now fallen 10% over the past month. DuPont decl
Read moreVelocys acquires Pinto Energy and Ashatabula GTL project
25th Jun 2014 13:36
Small scale gas-to-liquids (GTL) technology innovator Velocys has acquired Pinto Energy and the Ashtabula project. The acquisition is expected to "stimulate early market adoption" of its technology in North America by quickening the development of "shovel ready" GTL projects. Pinto Energy is curre
Read moreThursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreVelocys boosted by British Airways landfill-to-fuel update
16th Apr 2014 14:28
News that a British Airways biomass-to-jet fuel project has entered the site engineering phase has given a boost to AIM-listed Velocys, which is to provide its gas-to-liquids technology to the scheme's organiser Solena. A statement from British Airways on Wednesday said: "With the initial enginee
Read moreVelocys enters into joint venture to develop gas-to-liquids plants
24th Mar 2014 14:12
Velocys has entered into a joint venture with Waste Management, NRG Energy, and Ventech Engineers International to develop gas-to-liquids (GTL) plants in the US. The joint venture will pursue the development of multiple plants utilising a combination of renewable biogas and natural gas. As its fi
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