Attractive markets on which Velocys will focus with the objective of creating sustainable growth.
Velocys has identified the following attractive markets on which it will focus:
- Renewable diesel and jet fuel, from woody biomass in the US. This is the market of Velocys' immediate focus.
- Premium wax products, from both stranded gas and landfill gas in North America.
- Renewable fuels, from woody biomass, in targeted Asian markets.
Velocys’ medium-term goals are to:
- Build a leading market supply position in the above markets.
- Leverage the stranded GTL offer developed in North America to access Asian opportunities using stranded gas as feedstock.
- Develop an integrated GTL solution to reduce the flaring of associated gas offshore.
Monetisation of stranded gas
Prevention of flaring of associated gas