Velocys PLC Velocys to participate in Barclays CEO Conference
September 08 2022 - 2:01AM
RNS Non-Regulatory
TIDMVLS
Velocys PLC
08 September 2022
8 September 2022
News Release
Velocys plc
("the Company")
Velocys to participate in 2022 Barclays CEO Energy-Power
Conference, US
Velocys plc (VLS.L), the sustainable fuels technology company,
announces that CEO Henrik Wareborn, will today be attending the
2022 Barclays CEO Energy-Power Conference in New York. He will be
participating as a panellist on Sustainable Aviation Fuel ("SAF")
with Gerard Ostheimer, Co-Manager of the Clean Energy Ministerial
Biofuture Campaign, a global forum to promote policies and
programmes that advance clean energy technology.
The panel will be hosted by Will Thompson, Senior Research
Analyst, Industrials and Energy sectors, Barclay's Sustainable and
Thematic Research Team, who recently published a report on the
emerging need for SAF to decarbonise the hard-to-abate aviation
industry.
Velocys' IP-protected technology utilises abundant waste
feedstocks, which includes forestry, residential and commercial, to
enable the production of ultra-low carbon intensity synthetic
aviation fuel. In November 2021, Velocys signed agreements for 100%
of the SAF output expected from the Bayou Fuels facility with
Southwest Airlines (a 15-year offtake agreement) and IAG/British
Airways (MOU for a 10-year offtake agreement). Bayou Fuels is a
planned cellulosic biofuels plant enabling the production of carbon
negative fuel through the use of biogenic feedstock, renewable
power, and carbon sequestration. The biorefinery will convert 3,000
tons/day of woody biomass forestry residues into 36 million
gallons/year (nameplate) of renewable transportation fuels,
predominantly SAF, with a negative carbon intensity.
The Barclays CEO Energy-Power Conference is one of the world's
premier equity research conferences, attended by many of the
world's leading energy companies and over 1,000 investors.
For more information on the conference, view:
https://events.barclays.com/ehome/index.php?eventid=695276&categoryid=4508112
Velocys' most recent investor materials can be accessed on its
Investor Relations website: https://www.velocys.com/investors/
.
For further information, please contact:
Velocys
Henrik Wareborn, CEO
Philip Sanderson, CFO
Lak Siriwardene, Director of Communications +44 1865 800821
Panmure Gordon (UK) Limited (Nomad and
Joint Broker)
Hugh Rich (Corporate Broking)
Emma Earl (Corporate Finance)
John Prior (Corporate Finance) +44 20 7886 2500
Shore Capital Stockbrokers Limited (Joint
Broker)
Henry Willcocks (Corporate Broking)
Toby Gibbs (Corporate Advisory)
James Thomas (Corporate Advisory) +44 20 7408 4090
Radnor Capital (Investor Relations)
Joshua Cryer
Iain Daly +44 20 3897 1830
Buchanan (Financial PR)
Helen Tarbet
Simon Compton +44 20 7466 5000
--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
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