Partnership with NEXTCHEM integrates breakthrough NX Circular gasification and Velocys’ proven Fischer-Tropsch technology
Houston and Oxford, England – September 8, 2025 – Altalto (Immingham) Limited, owned by Velocys, has been awarded funding from the UK Department for Transport’s Advanced Fuels Fund to complete Basic Engineering Design for its flagship waste-to-SAF facility. The grant enables Altalto to integrate NX Circular™ gasification and NX CPO™ technology from NEXTCHEM with Velocys’ proven MicroFTL™ technology, strengthening its position as the most advanced municipal solid waste-to-SAF project in the UK—and globally.
Altalto is designed to produce 30 million litres (23kT) of sustainable aviation fuel annually from residual waste streams, enough to power over 500 London–New York flights per year. Once operational, the project will deliver more than 100,000 tonnes of CO₂-equivalent savings annually, support the circular economy by diverting waste from landfill and incineration, and create hundreds of jobs in the Humber region.
The project now has planning consent, strong government support, and selected technology partners across the full value chain, including waste sourcing, gasification, Fischer–Tropsch synthesis, and fuel upgrading. With Front-End Engineering Design (FEED) expected to commence in early 2026, Altalto is positioned as the UK’s near-term commercial-scale SAF solution.
Matthew Viergutz, CEO of Velocys, said:
“This new award underscores the UK Government’s confidence in Altalto and in Velocys’ Fischer–Tropsch technology. By integrating NEXTCHEM’s proven gasification systems, we are strengthening Altalto’s pathway to becoming the UK’s first commercial waste-to-SAF plant. Altalto is alive, advancing, and represents the most near-term opportunity to deliver meaningful volumes of sustainable aviation fuel from waste.”
With the UK’s SAF Mandate requiring 10% of jet fuel demand to be met by sustainable sources by 2030, Altalto stands ready to anchor the nation’s pathway to net-zero aviation.
Key Facts about Altalto (Immingham) waste-to-SAF project:
About Velocys
Velocys is a leading technology innovator in the production of sustainable aviation fuel and other low-carbon fuels through its proprietary Fischer-Tropsch process. Its microchannel reactor technology enables efficient, modular production that can be deployed globally.
microFTL™ is a trademark of Velocys
NX Circular™ and NX CPO™ are trademarks of NEXTCHEM (MAIRE Group)
Links:
HOUSTON & OXFORD – September 2, 2025 – Velocys, a leader in Fischer-Tropsch (FT) technology for producing sustainable aviation fuel (SAF) and other low-carbon fuels, has signed an agreement with Morimatsu to provide manufacturing and engineering support for Velocys FT reactors and associated equipment. These systems will be deployed in SAF projects built on Velocys’ proprietary microFTL™ technology.
By combining Velocys’ advanced FT technology with Morimatsu’s global reputation for high-quality process equipment, the collaboration delivers immediate value to SAF developers and investors. Customers will benefit from:
“Morimatsu is a globally respected name in process equipment manufacturing and module fabrication,” said Andy Bensley, Chief Operating Officer of Velocys. “Together, we can offer customers best-in-class FT solutions with an optimal, de-risked path to project delivery.”
“Velocys’ Fischer-Tropsch technology is among the most advanced in the industry, and Morimatsu is proud to help turn that innovation into world-class process units,” said Sheng Ye, CEO of Morimatsu Heavy Industry. “Our global manufacturing and modular delivery experience will ensure every FT jet fuel and chemical production unit meets the highest standards, accelerating the commercial rollout of cost-effective, low-carbon fuels.”
Velocys’ microFTL technology sits at the heart of multiple commercial-scale SAF projects around the world. By converting waste and biomass feedstocks into drop-in fuels that meet international aviation standards, Velocys enables airlines and fuel suppliers to advance their decarbonization goals at scale.
Velocys is a technology innovator in the production of sustainable aviation fuel and other low-carbon fuels through its proprietary Fischer-Tropsch process. Its microchannel reactor technology enables efficient, modular production that can be deployed globally. Learn more at www.velocys.com.
Morimatsu is a global engineering and manufacturing company specializing in process equipment and modular solutions for the Oil & Gas, Refinery, Petrochemical, Chemical, Fine Chemical, Mining & Hydrometallurgy, EV Battery, Green Energy, and Circular Economy industries. With operations in Asia, Europe, and the Americas, Morimatsu delivers high-quality, precision-engineered systems to customers worldwide. Learn more at www.mori-matsu.com.
Media contact
Lee French
Marketing and Communications
Velocys
info@velocys.com
Source: Toyo Engineering Corporation
August 21, 2025 – Toyo Engineering Corporation (President and CEO: Eiji Hosoi, TOYO) has been selected by the New Energy and Industrial Technology Development Organization (NEDO) for its initiative, “Development of Production Technologies for Sustainable Aviation Fuel (SAF), etc.”. TOYO’s proposal, “Feasibility Study on SAF via Gasification FT Synthesis Using Expanded Feedstocks and eSAF Production”, was adopted under the category “Development of SAF Production Technologies Utilizing Diverse Feedstocks”.
With global air traffic projected to rise and the urgent need to reduce greenhouse gas (GHG) emissions, demand for SAF is expected to grow rapidly in the coming years. This project will evaluate the technical and economic feasibility of producing SAF from a wide range of feedstocks—including municipal solid waste—via two distinct pathways: 1) gasification Fischer-Tropsch (FT) synthesis and 2) methanol synthesis and conversion to SAF.
TOYO’s feasibility study will include Velocys’s advanced FT synthesis technology and its own proprietary methanol production technology, developed through decades of engineering innovation.
The study will run for approximately 18 months, from FY2025 through FY2026, and will consider both domestic and international site conditions.
Project Objectives
TOYO has previously conducted pilot-scale continuous SAF production via gasification plus FT synthesis and contributed to studies for building an integrated SAF supply chain under NEDO’s sponsorship.
Going forward, TOYO will leverage its technological expertise and global partnerships to help establish the technological foundation needed for the widespread adoption of sustainable aviation fuel.
Source: SEKISUI CHEMICAL CO., LTD. – OSAKA – August 21, 2025
SEKISUI CHEMICAL CO., LTD. (President and Representative Director: Keita Kato; hereafter, “SEKISUI CHEMICAL”) and Velocys Inc. (CEO: Matthew Viergutz; hereafter, “Velocys”) have signed a memorandum of understanding (MoU) establishing a strategic partnership to advance production technology for electro-Sustainable Aviation Fuel (e-SAF), a CO2-derived synthetic fuel. This partnership combines SEKISUI CHEMICAL’s CO2→CO chemical looping technology with Velocys’ Fischer-Tropsch (FT) microchannel reactor technology to enable the manufacture of synthetic fuels using CO2 as a feedstock, thus contributing to decarbonization.
Background
CO2 emissions must be reduced across all industries to achieve carbon neutrality by 2050. The aviation industry accounts for approximately 2.6% of global CO2 emissions, and a key emission reduction measure that is gaining attention is the use of Sustainable Aviation Fuel (SAF). According to the International Energy Agency (IEA) and other organizations, 65% of CO2 reduction targets for the aviation industry can be achieved through the adoption of SAF. At present, conventional SAF is manufactured from waste oil and biomass-derived raw materials. However, considering the anticipated increase in SAF demand going forward, the early commencement and widespread adoption of e-SAF—which is manufactured from CO2 and hydrogen derived from renewable energy—is considered essential.
In this context, CO2 capture and utilization (CCU) technology, which converts CO2 into fuel and chemical products for practical use, is attracting attention. CCU technology enables the reuse of CO2 as a valuable resource and replaces fossil resources, thereby reducing CO2 emissions into the atmosphere.
Strengths of both companies
SEKISUI CHEMICAL is working to reduce global CO2 emissions through the social implementation of CCU technology. To date, it has developed a unique chemical looping technology that converts CO2 into CO with a high reaction yield (90% or higher).
Velocys has been developing FT reaction technology for the manufacture of synthetic fuels from synthetic gas (a mixture of CO and H2) converted from municipal waste, industrial waste, biomass, and CO2 for over 20 years. Its proprietary catalyst and microchannel reactor design have established productivity six to ten times higher than conventional FT reaction technology.
Collaboration overview
This project aims to establish a new e-SAF manufacturing technology by combining SEKISUI CHEMICAL’s proprietary CO2→CO chemical looping reaction technology, which achieves high reaction yields (90% or higher), with Velocys’ FT reaction technology (synthetic gas → synthetic fuel), which achieves high CO conversion rates (90–95%).
In the future, the two companies will work to establish a highly efficient e-SAF manufacturing technology using CO2 as a raw material, thereby contributing to the decarbonization of the aviation industry and the realization of a sustainable society.
Previous initiatives of both companies
■ SEKISUI CHEMICAL
SEKISUI CHEMICAL has achieved a CO reaction yield of 90% or higher using its proprietary CO2→CO chemical looping reaction technology*. It has successfully operated for a cumulative total of six months in a small-scale demonstration using exhaust gas from a steel mill (1 kg- CO2/day) and is currently conducting a survey project (NEDO “International Demonstration Project on Japan’s Technologies for Decarbonization and Energy Transition (Pre-Demonstration Survey)”) aimed at a 10 t- CO2/day scale demonstration.
*This achievement is a result of NEDO’s international joint research and development project (JPNP20005) for innovative technology in the field of clean energy.
■ Velocys
Velocys has conducted research and development of microchannel FT reaction technology for over 20 years. It has a proven track record of continuous operation for over 6,000 hours at a scale of up to 250 barrels per day. As part of a NEDO project to produce SAF from biomass in Japan, Velocys’ technology was used to manufacture SAF that complies with international standards and was used to fuel a commercial flight. It is currently advancing multiple low-carbon fuels projects with varying commercial production capacities.
Reference
Overview of SEKISUI CHEMICAL CO., LTD.
Overview of Velocys Inc.
Velocys has been selected as the Fischer-Tropsch technology provider for the world’s first electrified biogas-to-SAF plant, dubbed NovaSAF 1. This first-of-its-kind commercial facility in Uruguay will convert dairy waste and biogas into sustainable aviation fuel using only renewable electricity and waste-derived gases. The project is being led by Syzygy Plasmonics, whose novel GHG e-Reforming platform enables low-cost, decentralized fuel production without the need for hydrogen electrolysis or complex gasification.
At the heart of this breakthrough is Syzygy’s light-driven syngas generation process, which produces an ideal 2:1 hydrogen-to-carbon monoxide ratio directly from biogenic methane and carbon dioxide—creating a perfect feedstock for Fischer-Tropsch synthesis. Velocys’ microFTL reactor system was selected to maximize fuel yield from this tailor-made syngas, further driving down the total cost of SAF production.
“This is what innovation looks like—fast, flexible, and focused on making SAF production affordable,” said Matthew Viergutz, CEO of Velocys. “We’re proud to bring our proven FT platform into a project that’s radically simplifying how sustainable fuels are made.”
The fully modular design of both Syzygy’s and Velocys’ systems allows for rapid deployment and replication across thousands of underutilized biogas sites globally. With a nameplate capacity of 500,000 gallons per year, NovaSAF 1 aims to begin operations in early 2027 following a planned final investment decision in Q4 2025.
“With Velocys, we’re bringing in a complete, modular solution that drives down overall production costs and is ready to scale,” said Trevor Best, CEO of Syzygy Plasmonics. “Uruguay is only the start.”
With broad policy alignment and an architecture built for replication, the NovaSAF 1 project offers a powerful new model for decentralized SAF production that is both economically and environmentally sustainable.
Learn more about Velocys’ SAF project capabilities.
Houston, TX — June 24, 2025 — Velocys, a leader in advanced synthetic fuels technology, today announced the commercial launch of microFTL™, a modular Fischer-Tropsch (FT) technology package that simplifies plant design and reduces the cost of producing sustainable aviation fuel (SAF), renewable diesel, and eFuels. This commercially available license package derisks projects with its unmatched technology readiness level and economically superior SAF production yields.
Combining microchannel FT reactors, a high-activity catalyst engineered at Oxford University, and deep FT process expertise, microFTL is purpose-built for today’s SAF projects: scalable, cost-efficient, and ready to deploy. By increasing yield and lowering both CapEx and OpEx, microFTL helps projects achieve stronger economics and better investor confidence.
Fischer-Tropsch synthesis is the critical step that turns syngas from waste, biomass, or captured CO₂ and hydrogen into liquid hydrocarbons. But conventional FT systems, originally designed for fossil-based megaprojects, are too large, too expensive, and unproven in today’s climate-driven fuel landscape.
“Legacy FT technology drives up cost and complexity at a time when projects need to move faster and prove bankability,” said Matthew Viergutz, CEO at Velocys. “microFTL is different. It’s efficient, modular, and already proven with a variety of feedstocks. We’re giving developers and integrators the tool they need to bring low-carbon fuels to market—at a cost that increases project value.”
microFTL technology has already delivered results in two high-profile demonstrations:
These projects confirm microFTL as the most advanced, highest-TRL FT platform in the renewable fuels market.
Microchannel FT reactors – Compact, modular units with precise temperature control and efficiency
Oxford-engineered catalyst – High activity, long life, and optimized for renewable feedstocks
Integrated FT process package – Complete system from syngas input to FT crude output
Highest fuel yield – Maximizes high-value liquid output per unit of syngas, improving overall project IRR
Lower CapEx and OpEx – Smaller footprint, faster installs, and reduced ongoing costs
Velocys is now seeking fuel upgrading partners, technology integrators, and SAF project collaborators. If you are developing infrastructure to process FT crude into certified SAF or renewable diesel—or integrating FT systems into your next-gen fuels plant—we want to work with you.
About Velocys
Velocys is a global innovator in synthetic fuels technology, delivering scalable, low-carbon solutions to meet rising demand for sustainable aviation fuel and renewable diesel. The company’s Fischer-Tropsch SAF and renewable diesel solutions are optimized for modular deployment, fast integration, and economical production across a wide range of feedstocks.
Contact
Media and partnership Inquiries:
Lee French
PR and Marketing
Velocys
info@velocys.com
www.velocys.com
Velocys, the leading technology provider of Fischer Tropsch decarbonization solutions, is excited to announce that Matthew Viergutz has joined Velocys as Chief Executive Officer. Mr. Viergutz will be based out of the company’s Houston, Texas office and replaces Henrik Wareborn, who departed to pursue new opportunities.
Mr. Viergutz has over 25 years of experience in process licencing, holding various sales, business and leadership roles at Monsanto, MECS Inc., DuPont, and Sulzer. He also served as CEO of Butamax Advanced Biofuels, a joint venture between DuPont and BP that successfully commercialized a new biofuels platform. “I am thrilled to be joining a leading Fischer Tropsch technology company with a rich tradition of innovation and reactor technology scale-up,” said Mr. Viergutz. “Velocys operates in an exciting and growing market space and is supported by world-class investors,” he continued. “I look forward to accelerating the deployment of our technology to our customer base as we work to reduce greenhouse gas emissions across the globe.”
This key leadership hire is another milestone in Velocys’ new chapter as a private, growth company. In January of 2024, a consortium of growth and climate investors, including Carbon Direct Capital, GenZero, and Lightrock, took Velocys private and injected over $40MM of fresh growth capital.
Velocys’ patented catalyst and micro-channel reactor platform provides a scalable, flexible solution especially suitable for projects that produce sustainable aviation fuel. Velocys’ Fischer-Tropsch technology is compatible with multiple project types employing diverse feedstocks, including municipal solid waste, woody biomass, and CO2 & green hydrogen, and has demonstrated performance at commercial scale.
“Matthew brings entrepreneurial drive, industry acumen, and a track record of commercial execution,” commented Josh Dienstag, Chief Investment Officer of Carbon Direct Capital. “We are delighted to welcome Matthew to the company especially at a time when demand for sustainable aviation fuel – and the key technologies that underpin its production – is accelerating.”
Velocys, the sustainable fuels technology company, welcomes the progress towards the Sustainable Aviation Fuel (SAF) mandate effective from 1st January 2025.
This is a significant step for the UK in establishing one of the world’s first binding regulations compelling fuel suppliers to ensure a certain proportion of their fuel meets SAF criteria. The central role that SAF must play to achieve net zero greenhouse gas (GHG) emissions from the aviation sector by 2050 has been recognised by the International Civil Aviation Organization and by governments around the world, many of which have introduced mandates or are working towards doing so. Notably, the European Union’s RefuelEU legislation is expected to play a major role in driving the growth of the SAF industry. However, the UK’s legislation has some crucial new features which go beyond what others have done to date to provide investors with greater certainty and confidence in investing in new SAF production plants.
First, the UK has recognised the need to invest in SAF production from feedstocks other than vegetable oils. SAF made from waste materials such as household waste and forestry residues taps into a much bigger sustainable resource and can deliver bigger GHG savings. By progressively introducing a cap on oil-based SAF, the UK is encouraging investment in both the waste-to-SAF route, as well as in power-to-liquids i.e. the conversion of low-carbon electricity into liquid fuels known also as e-SAF, in respect of which the SAF Mandate also introduces an obligation on suppliers.
Secondly, the UK has recognised that not all SAF produced has an equal impact on GHG emissions, and made the rewards available under the SAF mandate directly proportional to the lifecycle GHG savings achieved, thus aligning the mandate with the ultimate objective.
Both of these features are highly advantageous to Altalto Immingham, the waste-to-SAF project that Velocys is developing in the UK in collaboration with British Airways, with the support of a £27M award from the Department for Transport’s Advanced Fuels Fund (AFF). This project aims to achieve GHG savings of over 150% through a combination of sustainable feedstock and sequestration of co-produced carbon dioxide.
The mandate also introduces a buy-out price which suppliers of fossil jet fuel have to pay if they cannot procure enough SAF to meet their obligations. This price is set at £0.137/MJ (megajoule), equivalent to approximately £5,875 per tonne at 70% GHG savings, but as noted above, Altalto is expected to achieve 150% savings.
In addition to the mandate, the UK Government has also announced its intention to introduce a SAF Revenue Support Mechanism Bill as part of its primary legislative programme for the current Parliament. This revenue support mechanism is expected to underpin the value of SAF produced in the UK and thus allow projects like Altalto to attract project finance as well as creating jobs and industry growth opportunities in the UK.
Velocys strongly welcomes these groundbreaking developments, which provide strong economic foundations for the pioneering Altalto project and provide a valuable example for legislation to support other developments worldwide using Velocys technology, including both e-fuels projects and those based on solid feedstocks such as municipal solid waste and forestry waste.
Henrik Wareborn, Velocys CEO, said: “We are delighted to see that the UK Government has moved swiftly to progress the SAF Mandate and signalled its commitment to providing the necessary revenue support mechanism to support and incentivise SAF industry development. The focus on greenhouse gas emissions is exactly what is needed to encourage timely investments in the next generation of SAF production, which Velocys technology enables.”
The site for the Altalto Immingham project
Visualisation of the Altalto Immingham project
12 February 2024 | Oxford, UK: Velocys, a leading sustainable aviation fuel (“SAF”) technology company, announces that it has begun a new chapter following the completion of its take-private on 18 January 2024. As part of the transaction, a new consortium of growth investors, including Carbon Direct Capital, Lightrock, GenZero and Kibo Investments, has infused Velocys with US$40 million of growth capital. The funds will be used to accelerate the delivery of Velocys’ proprietary technology to customer projects whilst further building its technology leadership, scaling its production and enhancing the breadth and depth of the team’s expertise.
Decarbonising aviation is a critical climate challenge given the 800 megatonne annual carbon footprint from airline travel.[1] Velocys expects demand for sustainable aviation fuel to accelerate given the confluence of regulatory support and higher readiness levels of drop-in fuel technologies. For instance, new European Union (“EU”) rules will require suppliers to ensure that 2% of fuel made available at EU airports is SAF in 2025, 6% in 2030, 20% in 2035 and 70% in 2050.[2] Airlines are also expected to drive the exponential growth in demand for SAF. In 2023, more than 490,000 flights were partially powered by SAF, from just 500 in 2016.[3]
Velocys is a technology company whose patented catalyst and micro-channel reactor platform provide a scalable, flexible solution particularly suitable for projects that produce SAF. Velocys’ Fischer-Tropsch technology is compatible with multiple project types employing diverse feedstocks, including municipal solid waste, woody biomass, and CO2 & green hydrogen, and has demonstrated performance at commercial scale. Velocys’ experience of integrating its technology into an overall scheme is highly valuable to clients, allowing them to maximise lifecycle carbon savings.
Velocys has invested to scale its reactor facility in Plain City, Ohio, to ensure a stable supply of reactors for delivery to SAF project owner-operators around the world. Velocys’ 52,500 square foot reactor facility will be able to produce an initial 12 reactors per year, which is the typical requirement for the operation of a commercial-scale SAF biorefinery. There are also plans to ramp up capacity of the facility as demand for SAF grows.
Henrik Wareborn will continue to lead Velocys’ management team as the Chief Executive Officer. The new ownership consortium – a global syndicate of climate investors focused on harnessing technology to accelerate decarbonisation – has combined expertise, networks, and specialist scaling support that will better equip Velocys to contribute meaningfully to the decarbonisation of the aviation industry.
Josh Dienstag, Chief Investment Officer of Carbon Direct Capital, said: “We believedrop-in fuels are the most promising, scalable solution to decarbonize aviation and to deliver climate impact the soonest. Velocys is a scarce supplier with the technology readiness, production capacity, and leadership team to deliver for SAF project partners. We are pleased to be part of this investor consortium and to support Henrik and the Velocys team.”
Kevin Bone, Partner at Lightrock, said: “We are delighted to be partnering with Velocys as it takes the next steps in its journey to becoming the leading provider of SAF solutions to the aviation industry. This critical objective requires long-term backing with the requisite experience of supporting industrial companies as they seek to realise their potential. I have no doubt that this consortium is best placed to do just that.”
May Liew, Investment Director at GenZero, said: “Decarbonising the global aviation industry will require innovative solutions that can be adopted with ease and at scale. This is where Velocys’ pioneering Fischer-Tropsch reactor is relevant, with its modularity and efficiency to support the development of advanced biofuel applications. By leveraging technology to transform waste materials into sustainable aviation fuel, Velocys is well positioned to play a key role in scaling the use of low-carbon fuels to pave the way towards net-zero aviation.”
Henrik Wareborn, Chief Executive Officer of Velocys, said: “The deal secures the future of Velocys, our pioneering technology and our industry leading talent, allowing us to keep our foot on the accelerator as we continue to lead the way in innovative sustainable aviation fuel solutions as we enter an inflection point for our industry. For the past twenty years Velocys has had a critical role in the development of reactors, technology and processes which enable the efficient production of lower carbon SAF, and we and our new partners are excited to see what the next twenty will bring.”
END
[1] https://www.iea.org/energy-system/transport/aviation
[2] https://www.reuters.com/business/aerospace-defense/airlines-look-sustainable-aviation-fuel-meet-carbon-targets-2023-11-28/#:~:text=SAF%20makes%20up%20only%20around,accounting%20for%2065%25%20of%20fuel.
[3] https://corporate.virginatlantic.com/gb/en/business-for-good/planet/fuel.html
Media Enquiries:
Sam Cartwright, sam.cartwright@h-advisors.global / +44 207 379 5151
Jonathan Cook, jonathan.cook@h-advisors.global
About Carbon Direct Capital
A new generation of transformative, growth companies has emerged from the carbon management ecosystem. Carbon Direct Capital partners with leading companies in this space. The firm believes that selective investing with a science-focused approach maximizes both climate impact and financial returns. Carbon Direct Capital is headquartered in New York City. For more information visit www.carbondirectcapital.com.
About Lightrock
Lightrock is a global impact investing platform that backs purpose-driven companies tackling the world’s biggest challenges. Lightrock funds invest in companies that pursue scalable and tech-driven business models around the key impact themes of people, planet, and productivity/tech for good. Lightrock’s portfolio includes more than 90 high-growth companies across Europe, US, Latin America, India, and Africa, supported by more than 105 Lightrock professionals based in 6 global offices. Lightrock is backed by LGT, the international private banking and asset management group, and other leading global institutions. For more information, please visit www.lightrock.com
About GenZero
GenZero is an investment platform company focused on accelerating decarbonisation globally. Founded by Temasek, we seek to deliver positive climate impact alongside long-term sustainable financial returns by investing in opportunities with the potential to be nurtured into impactful and scalable solutions.
Driven by a common purpose to decarbonise for future generations, we recognise the need for a holistic and integrated approach to achieve a net zero world. At GenZero, we adopt a flexible investment approach across three focus areas to drive climate impact: (i) nature-based solutions that help protect and restore our natural ecosystems while benefiting local communities and biodiversity; (ii) technology-based solutions that deliver deep decarbonisation impact; and (iii) carbon ecosystem enablers which refer to companies and solutions that support the development of an effective, efficient, and credible carbon ecosystem.
For more information on GenZero, visit www.genzero.co
About Kibo Investments
Kibo Investments is a Singapore-based private investment office with a focus on climate technology.
OHIO: Velocys, the sustainable fuels technology company, is delighted to announce the launch of its new 52,500 sq. ft technology facility in Plain City, Ohio that will house the reactor core assembly and catalysis operations which form a critical part of the production process for sustainable aviation fuel (“SAF”).
The new site enables the consolidation of Velocys’ catalysis services, microchannel reactor core assembly and technology licensing under one roof. The building’s construction began in mid-2022 and was finished by the end of the year with fit out completed over the winter.
Following the completion of an Enterprise Zone agreement signed with Union County and Jerome Township, Ohio, for a package of investment incentives and a grant received from JobsOhio, Velocys has already hired a number of senior personnel.
The Company is currently occupying the space with 20 employees and installing equipment which is expected to be fully commissioned for production from mid-2024. Eventually the facility will house approximately 35 employees when in full production.
The new site has the capacity to produce approximately 48 cores per year, enough to support 12 reactors which is the typical requirement for the operation of a single commercial scale SAF biorefinery, with a capacity to convert approximately 1TWh per year of energy.
It is expected that the facility will have sufficient production capacity to meet projected orders until 2028, including those from Velocys’ two biorefinery reference projects – Bayou Fuels, Mississippi and Altalto, Immingham, UK.
As part of a 15 year lease agreement, Velocys contributed $2m towards the construction with the remaining $8m being contributed by the developer, Warner Industrial Corporate Centers 2 LLC, a subsidiary of Ohio-based developer, The Pagura Company.
The launch event will take place at 10.00am local time on Tuesday 24 October, 8520 Warner Road, Plain City, Ohio 43064 in the presence of Velocys executives, clients, board members, local stakeholders and colleagues.
Henrik Wareborn, Velocys CEO, said: “The completion of this state of the art facility is a real milestone both for Velocys and for the move to decarbonise the aviation industry. It is another critical piece in the jigsaw to go alongside the support we are receiving from regulatory and policy initiatives in all of our core markets. I would like to offer my thanks to the State of Ohio along with the many contractors who have completed this project in such a short time frame. To move from planning permission to completion in two years is a testament to all those involved and takes us a big step closer to enable our clients to produce SAF with ultra-low carbon intensity at commercial scale.”
To attend the launch or request interviews and imagery please contact:
Rae Baker / rae.baker@velocys.com
About Velocys
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 Immingham, 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.