Velocys plc the Oxford-based sustainable fuels technology company, has completed the manufacturing and delivery of four reactors to Red Rock Biofuels in Oregon, USA. The company is positioning itself to be the leading producer of drop-in, renewable, low-carbon jet and diesel fuels and has a further option to purchase an additional two reactors from Velocys by the end of 2020.
Henrik Wareborn, Velocys CEO, said: “The reactor order for Red Rock’s facility in Oregon will produce low carbon sustainable fuels from forestry waste. Our reactor supply chain has now been tested and has proven our capability to deliver our technology to our global clients.
“Velocys has the technology, demonstrated at commercial scale, to enable the production of sustainable fuels. This fuel is essential for the hard to decarbonise transportation sector and will help to meet net zero emissions as required by many Governments.”
In June we reported that Velocys had raised £20 million by way of a placing and retail offer, and that followed news that the company had secured a further £0.5 million of grant funding from the Department for Transport, for its Altalto waste-to-fuels project under the Future Fuels for Flight and Freight Competition (F4C).
The proposed Altalto Immingham in Lincolnshire, plant is planned to convert hundreds of thousands of tonnes per year of residual waste into sustainable fuels, mainly aviation fuel.
Velocys developed from technology spin-outs of Oxford University and the Pacific Northwest National Laboratory in the USA, to a public company with demonstrated technology. The company produces transformative reactors and catalysts, and the successful engineering, manufacturing, development and financing of sustainable fuel projects.
It’s applying its integration expertise to commercial, sustainable fuels projects and licensing the technology to others.