Velocys PLC First finished product at ENVIA Energy's GTL plant (6445J)
June 30 2017 - 2:00AM
UK Regulatory
TIDMVLS
RNS Number : 6445J
Velocys PLC
30 June 2017
News release
Velocys plc
("Velocys" or "the Company")
30 June 2017
First finished products at ENVIA Energy's GTL plant
Velocys plc (VLS.L), the company at the forefront of smaller
scale gas-to-liquids (GTL), is pleased to report the successful
production of first finished, saleable products at ENVIA Energy's
GTL plant in Oklahoma City. Fischer-Tropsch products are now being
fractionated to produce premium, renewable waxes, diesel and
naphtha, meeting customer product specifications.
The on-site operations team has completed the debugging of
several units of the plant - activities that are routine during the
start up of a plant of this complexity - and is continuing the
implementation of the pre-planned programme of ramping up
production to target operational capacity over the coming
months.
Photographs taken around the plant are available at
www.velocys.com/media_image_library.php
David Pummell, CEO of Velocys, said:
"We're pleased that another milestone has been successfully
achieved at the ENVIA Oklahoma plant. The exceptional quality of
these products further verifies the performance of our technology
and underlines its ability to deliver a slate of high value premium
products at smaller scales."
- Ends -
For further information, please contact:
Velocys
David Pummell, CEO +44 1235 841
Susan Robertson, CFO 700
Numis Securities (Nomad and joint
broker)
Alex Ham
Stuart Skinner
Jamie Lillywhite +44 20 7260
Tom Ballard 1000
Canaccord Genuity (Joint broker)
Henry Fitzgerald-O'Connor +44 20 7523
Ben Griffiths 8000
Camarco (Financial communications
& PR)
Billy Clegg +44 20 3757
Georgia Edmonds 4983
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) prior to its release as part of this
announcement.
Notes to editors
About Velocys
Velocys is the company at the forefront of smaller scale
gas-to-liquids (GTL), providing the bridge connecting stranded and
low value feedstocks such as natural gas, landfill gas or biomass
with markets for premium products such as renewable diesel, jet
fuel and waxes.
With its partners, Velocys aims to deliver the most economically
compelling conversion solution; a fully integrated offer that can
be deployed at scale into the growing, attractive markets on which
it focuses. Velocys technology, protected by several hundred
patents in over 30 countries, is specifically designed for smaller
scales, combining super-active catalysts with intensified reactor
systems. Standardised modular plants can be deployed readily in a
wide range of locations, and Velocys' capabilities and extensive
experience deliver a proven route to operation.
Velocys plc is admitted to trading on the AIM market of the
London Stock Exchange (LSE: VLS). The Company has a strong,
multi-disciplinary staff operating from its commercial centre in
Houston, Texas, USA and technical facilities near Oxford, UK and
Columbus, Ohio, USA. First product has been produced at its
commercial reference plant, which is located adjacent to Waste
Management's East Oak landfill site in Oklahoma City.
www.velocys.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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