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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Velocys plc    VLS   GB00B11SZ269

VELOCYS PLC

(VLS)
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Velocys : profiled in Biofuels International

11/26/2020 | 01:13pm EST

In an op-ed feature in Biofuels International titled 'Full Velocys-ity', Dr Neville Hargreaves, Velocys' VP Waste to Fuels, gives a timely update on the work the company is undertaking in the UK.

The piece describes the viability of Sustainable Aviation Fuels (SAF) as a route to decarbonisation of the aviation sector. He also describes the development of Velocys' UK flagship project, Altalto Immingham. This planned plant will enable the production of 'drop-in' fuels that require no changes to aircraft or airport infrastructure and result in a 70% reduction in lifecycle carbon emissions.

The importance of the UK Government's Jet Zero Council is also discussed. It has created a 'shared sense of ambition' that is 'hugely important and will inform both government policy and business strategy ahead.'

Dr Hargreaves concludes that 'life-cycle net zero aviation is absolutely realistic and Velocys represents the here-and-now solution of making it a reality'. With increasing momentum from government and industry alike in their support for SAF as a means of achieving Net Zero, Velocys remains at the forefront of this fast-developing industry. Altalto is expected to be the UK and Europe's first waste-to-jet-fuel facility.

The full article can be read here.

Disclaimer

Velocys plc published this content on 26 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2020 18:12:03 UTC


© Publicnow 2020
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Financials
Sales 2019 0,33 M 0,45 M 0,45 M
Net income 2019 -9,62 M -13,2 M -13,2 M
Net cash 2019 3,87 M 5,30 M 5,30 M
P/E ratio 2019 -0,94x
Yield 2019 -
Capitalization 73,6 M 101 M 101 M
EV / Sales 2018 19,9x
EV / Sales 2019 22,9x
Nbr of Employees 33
Free-Float 86,2%
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Mean consensus -
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Last Close Price 0,07 
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Managers and Directors
NameTitle
Henrik Sven Gunnar Wareborn Chief Executive Officer & Executive Director
Philip Holland Non-Executive Chairman
Roger A. Harris Vice President-Operations
Andrew James Sinclair Morris Chief Financial Officer & Executive Director
Heinz J. Robota Vice President-Technology
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