Velocys plc (VLS)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

5.54p
   
  • Change Today:
      0.015p
  • 52 Week High: 13.50
  • 52 Week Low: 4.10
  • Currency: UK Pounds
  • Shares Issued: 1,394.57m
  • Volume: 499,155
  • Market Cap: £77.19m
  • RiskGrade: 393

Velocys technology chosen for Japan aviation fuels project

By Josh White

Date: Wednesday 25 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Sustainable fuels technology company Velocys announced on Wednesday that its Fischer-Tropsch (FT) technology had been selected for an e-fuels project by Toyo Engineering and its consortium of six Japanese companies.
The AIM-traded firm said its inclusion in the project demonstrated the diversity of feedstocks that could be used in conjunction with the FT technology.

Alongside Toyo, the other participating companies included Toshiba Energy Systems & Solutions, Toshiba Corporation, Idemitsu Kosan, Japan CCS, and All Nippon Airways (ANA).

The six firms were being commissioned by Japan's Ministry of the Environment to jointly commence a demonstration project, with the ultimate goal being the commercialisation of a sustainable aviation fuels (SAF) supply chain based on carbon recycling and regional revitalisation, through carbon dioxide recycling.

"The global advancement of SAF requires the need for technology, such as that owned by Velocys, to decarbonise aviation and help meet net zero targets," the board said in its statement.

"Velocys technology can also enable the production of SAF from sustainable waste and biomass as well as renewable power and carbon dioxide streams into net zero carbon fuels for the airline industry.

"Velocys' participation in the project remains subject to contract with Toyo - a further announcement will be made in due course."

At 1116 BST, shares in Velocys were up 5.96% at 4.98p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Velocys plc Market Data

Currency UK Pounds
Share Price 5.54p
Change Today 0.015p
% Change 0.27 %
52 Week High 13.50
52 Week Low 4.10
Volume 499,155
Shares Issued 1,394.57m
Market Cap £77.19m
RiskGrade 393

Velocys plc Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.91% below the market average3.91% below the market average3.91% below the market average3.91% below the market average3.91% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Price Trend
2.35% below the market average2.35% below the market average2.35% below the market average2.35% below the market average2.35% below the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income Not Available
Growth
69.74% above the market average69.74% above the market average69.74% above the market average69.74% above the market average69.74% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Velocys plc Dividends

No dividends found

Trades for 27-May-2022

Time Volume / Share Price
16:06 274 @ 5.77p
16:04 91,876 @ 5.40p
15:39 11,216 @ 5.40p
15:33 157 @ 5.40p
15:29 30,000 @ 5.40p

Velocys plc Key Personnel

CFO Andrew J. S. Morris
Chair Philip Holland

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