Velocys enables its customers, which can include SAF project developers, site owners, feedstock owners and fuel producers to find an economical, commercially viable pathway to decarbonisation. Velocys provides them with a fully integrated technology package that contains a suite of technical and engineering services.
Several elements are falling into place that support the success of Velocys’ clients, including government regulatory support, abundant and sustainable feedstock, carbon capture and sequestration, supply of renewable power, and most of all, a technology that works. Velocys provides a uniquely integrated package with its IP-protected technology at its core.
Velocys’ Altalto SAF reference project in Immingham, U.K., is being jointly developed between Velocys and British Airways.
Once completed in 2027, the project will be one of the first waste-to-SAF plants in the U.K., producing 21 million gallons of SAF from municipal and commercial solid waste.
In November 2021, Velocys signed an offtake MOU agreement with International Consolidated Airlines Group S.A. (IAG), who own British Airways, for the purchase of 73 million gallons of SAF over 10 years from the Bayou Fuels project in Mississippi, USA.
In November 2021, Velocys and Southwest Airlines signed an offtake agreement for 219 million gallons of SAF from the Company’s Bayou Fuels reference project in Mississippi, USA.
Southwest has purchased the SAF at a fixed price over 15 years and the SAF, once blended, will enable approximately 575 million gallons of net negative carbon emissions SAF.
In March 2022, funds managed by Foresight Group LLP purchased Altalto Immingham’s stake in Rula Developments (Immingham) Ltd, which owns the site for the proposed Altalto project.
Altalto has granted Foresight a right of first refusal to invest up to £100 million in the project.
In January 2023, Bechtel, one of the world’s most respected engineering companies, announced that it would collaborate with Velocys with the objective of developing an EPC execution model for its two reference projects and its e-Alto power-to-liquids project in the U.K.
The agreement also covers other third-party projects to which Bechtel and Velocys may agree going forward. Bechtel will also provide front end project engineering and other technical services to support the development of Velocys’ project portfolio.
Since 2019, Velocys has been collaborating with Toyo Engineering Corporation to help develop a commercial-scale biorefinery in Japan to produce SAF.
TOYO has applied Velocys’ Fischer-Tropsch reactors and catalyst, to a demonstration project in Japan, which were used to produce SAF from woody biomass. This SAF was used for Japan Airlines flight (JAL #515) from Tokyo to Sapporo in June 2021.
In a show of continued support from the Department for Transport, Velocys was awarded £27m from its Advanced Fuels Fund competition in December 2022 for its Altalto SAF project.
In addition to this, the DfT also awarded Velocys £2.5m to contribute towards an e-fuels project.
These materials are not directed at, or accessible by, persons resident in the United States. If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.
Viewing the materials you seek to access may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view such materials.
In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the “securities”) by the Company would be made, or any documentation be sent, directly or indirectly, in or into Canada, United States, Australia, New Zealand, Japan or South Africa.
Subject to certain exceptions, the materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for the securities in Canada, United States, Australia, New Zealand, Japan or South Africa or any jurisdiction or jurisdictions in which such offers or sales are unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In particular, the securities referred to herein and on the pages that follow have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold, re-sold, taken up, pledged, delivered, distributed or otherwise transferred, directly or indirectly, in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
There will be no public offer of the securities in Canada, United States, Australia, New Zealand, Japan or South Africa. The securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, through CREST or otherwise, in, Canada, United States, Australia, New Zealand, Japan or South Africa or to or for the benefit of any resident of, Canada, United States, Australia, New Zealand, Japan or South Africa, or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration thereof in, such jurisdiction.
Making press announcements and other materials available in electronic format does not constitute an offer to sell or the solicitation of an offer to buy any securities in the Company. Further it does not constitute a recommendation by the Company or any other party to sell or buy securities in the Company.
While the Company has taken reasonable care to ensure that the information on this website (other than information accessed by hyperlink) is accurate at the time of last revision of the website, the Company accepts no liability for the accuracy or completeness or use of, nor any liability to update, the information contained on this website. It should not be construed as the giving of advice or the making of a recommendation and should not be relied on as the basis for any decision or action. In particular, actual results and developments may be materially different from any forecast, forward-looking statement, opinion or expectation expressed on this website.
The information on the pages that follow may contain forward-looking statements. Any statement other than a statement of historical fact is a forward-looking statement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results to differ materially from those express or implied by any forward-looking statement. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on any forward-looking statement, which speaks only as of the date of its issuance.
By clicking on the “I agree” button, you represent, warrant, certify and agree that (1) you are not located in the United States, (2) you are permitted under applicable laws and regulations to receive the information contained in the pages that follow, (3) you have read and understood the disclaimer set out above and agree to be bound by its terms, (4) understand that it may affect your rights and (5) agree that you will not transmit or otherwise send any information contained in this website to any person in the United States or to publications with a general circulation in the United States.”
The information in this section of the website is, therefore, not available to persons located in your country of residence. We regret that we cannot provide you with the requested information. We apologise for any inconvenience this may cause. Please exit this webpage.