http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Mon, 26 Jun 2017 14:46:08 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/170622vls9149i/ Thu, 22 Jun 2017 13:46:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170622vls9149i/ <![CDATA[RNS press release - AGM Statement ]]> http://www.proactiveinvestors.co.uk/companies/rns/170622vls8148i/ Thu, 22 Jun 2017 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170622vls8148i/ <![CDATA[RNS press release - Advancing towards U.S. Dept. of Agriculture Loan ]]> http://www.proactiveinvestors.co.uk/companies/rns/170619vls3990i/ Mon, 19 Jun 2017 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170619vls3990i/ <![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.co.uk/companies/rns/170616vls2547i/ Fri, 16 Jun 2017 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170616vls2547i/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/170606vls3072h/ Tue, 06 Jun 2017 13:29:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170606vls3072h/ <![CDATA[RNS press release - Selection of IHI E&C for feasibility engineering ]]> http://www.proactiveinvestors.co.uk/companies/rns/170605vls0869h/ Mon, 05 Jun 2017 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170605vls0869h/ <![CDATA[RNS press release - Result of General Meeting ]]> http://www.proactiveinvestors.co.uk/companies/rns/170601vls8942g/ Thu, 01 Jun 2017 13:59:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170601vls8942g/ <![CDATA[RNS press release - Mailing of Annual Financial Report & AGM Notice ]]> http://www.proactiveinvestors.co.uk/companies/rns/170526vls3761g/ Fri, 26 May 2017 11:02:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170526vls3761g/ <![CDATA[RNS press release - Application for additional Block Listing ]]> http://www.proactiveinvestors.co.uk/companies/rns/170518vls5399f/ Thu, 18 May 2017 09:44:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170518vls5399f/ <![CDATA[RNS press release - Final results for the year ended 31 December 2016 ]]> http://www.proactiveinvestors.co.uk/companies/rns/170515vls1752f/ Mon, 15 May 2017 15:36:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170515vls1752f/ <![CDATA[RNS press release - Fund raise of over ?10 million ]]> http://www.proactiveinvestors.co.uk/companies/rns/170515vls1768f/ Mon, 15 May 2017 15:35:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170515vls1768f/ <![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.co.uk/companies/rns/170426vls4140d/ Wed, 26 Apr 2017 12:20:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170426vls4140d/ <![CDATA[News - Velocys confirms definitive agreement with Morimatsu ]]> http://www.proactiveinvestors.co.uk/companies/news/174197/velocys-confirms-definitive-agreement-with-morimatsu-174197.html Shares in Velocys PLC (LON:VLS) edged higher in early deals after the AIM-quoted company signed a definitive agreement with Japanese fabrication group Morimatsu.

Today’s agreement follows on from the memorandum of understanding (MOU) signed between the two parties earlier this year.

Morimatsu will become Velocys’s preferred supplier of module engineering and fabrication for its gas-to-liquid (GTL) fuel plants.

The arrangement is expected to bring down costs for the planned GTL and biomass-to-liquid (BTL) plants.

Velocys said itself and Morimatsu are now working “extensively” with its other alliance partners to “further reduce costs, optimise engineering designs, accelerate pace and reduce overall risk for delivering multiple GTL and BTL plants to its chosen markets”.

Before January’s MOU, the two companies had worked together for 18 months on modular designs for a range of plants.

The strategic partnership is the first to be agreed by Velocys following its strategy review at the end of 2016.

It wants to bring on board more partners so that it can offer customers a “one stop shop” and deliver fully integrated and financed plant solutions.

Shares were up 4% to 63p on Friday morning.

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Fri, 03 Mar 2017 09:04:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/174197/velocys-confirms-definitive-agreement-with-morimatsu-174197.html
<![CDATA[RNS press release - Confirmation of strategic alliance with Morimatsu ]]> http://www.proactiveinvestors.co.uk/companies/rns/170303vls4191y/ Fri, 03 Mar 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170303vls4191y/ <![CDATA[RNS press release - Total Voting Rights ]]> http://www.proactiveinvestors.co.uk/companies/rns/170301vls2057y/ Wed, 01 Mar 2017 10:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170301vls2057y/ <![CDATA[RNS press release - Video of ENVIA Energys Oklahoma City GTL plant ]]> http://www.proactiveinvestors.co.uk/companies/rns/170206vls0489w/ Mon, 06 Feb 2017 07:01:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170206vls0489w/ <![CDATA[RNS press release - First product at ENVIA Energys GTL plant ]]> http://www.proactiveinvestors.co.uk/companies/rns/170206vls0488w/ Mon, 06 Feb 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170206vls0488w/ <![CDATA[RNS press release - Total Voting Rights ]]> http://www.proactiveinvestors.co.uk/companies/rns/170201vls7974v/ Wed, 01 Feb 2017 17:03:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170201vls7974v/ <![CDATA[News - Velocys shares rise as it unveils new strategic partnership ]]> http://www.proactiveinvestors.co.uk/companies/news/172222/velocys-shares-rise-as-it-unveils-new-strategic-partnership-172222.html Velocys PLC (LON:VLS) shares advanced after it revealed it had stuck a significant new partnership with gasification specialist ThermoChem Recovery International Inc (TRI).

TRI now becomes the preferred supplier of gasification systems to Velocys, as the AIM-quoted firm advances its biomass gas-to-liquids (BTL) plants.

It told investors that the strategic alliance would see a rapid deployment of an integrated biorefinery offering, combining TRI’s proven gasification technology (which creates synthetic gas from biomass) with Velosys’s technology, which converts synthetic gas into paraffinic hydrocarbons.

“We believe our integrated technology solution will be a proven and financeable route to cost-effective plants producing premium renewable fuels,” said David Pummell, Velocys's chief executive.

A joint-development on engineering design is already underway, the company added. The design will envisage a 1,400 barrel per day BTL, using woody biomass to produce renewable diesel and jet fuels.

Before that, the partner’s next steps will be to establish an integrated technology demonstration. The plan is to move the Velocys pilot plant (which is skid mounted) to a TRI facility in North Carolina.

This combined demo plant project is being supported by the US Department of Energy.

At present the partnership is based on a non-binding memorandum of understanding, though legally binding agreements are expected to be formalised in the coming months.

Pummell added: “We are excited to be working with TRI who we believe have best-in-class gasification technology.”

“It represents a very significant step forward in the development of a fully integrated offer to our customers, increasing our control over delivery through world class partnerships.

“I look forward to providing further details of this deal and other strategic alliances that will support our new strategy."

Meanwhile, TRI chief executive Dan Burciaga said: “We know that the close integration of syngas conversion technologies with TRI's gasification platform can yield superior integrated biorefineries and are convinced that the high intensity Velocys FT process will provide further enhancements.”

“The TRI team looks forward to working with Velocys and its partners at an accelerated pace towards commercial renewable fuel facilities and, as part of that collaborative work, we intend to integrate the Velocys FT process into our demonstration facility within the year."

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Thu, 26 Jan 2017 09:06:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/172222/velocys-shares-rise-as-it-unveils-new-strategic-partnership-172222.html
<![CDATA[RNS press release - Establishment of a strategic alliance with TRI ]]> http://www.proactiveinvestors.co.uk/companies/rns/170126vls1475v/ Thu, 26 Jan 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170126vls1475v/ <![CDATA[News - Velocys agrees new partnership with Japan’s Morimatsu ]]> http://www.proactiveinvestors.co.uk/companies/news/171725/velocys-agrees-new-partnership-with-japans-morimatsu-171725.html Velocys Plc (LON:VLS) has signed an agreement with Japanese fabrication group Morimatsu which will become the company’s preferred supplier of module engineering and fabrication for its gas-to-liquid fuel plants.

The AIM quoted group highlights that the arrangement is expected to bring down costs for the planned GTL and biomass-to-liquid (BTL) fuel plants.

Today’s news of a memorandum of understanding comes after the two companies worked together for eighteen months on modular designs for a range of plant sizes, and it is expected that the terms agreed in the MOU will be reflected in legally binding documentation within the next few months.

Velocys highlighted that this is the first strategic partnership to be agreed following its strategy review, completed in the fourth quarter of 2016, which sees the group aiming to work with partners so that it can offer customers a “one stop shop” - to deliver a fully integrated and financed plant solutions.

Chief executive David Pummell said: “The potential benefits of further modularisation of smaller scale GTL plants are significant in terms of reduced plant build schedule, reduced risk of delays, lower capex and opex.”

“I am confident that together, Morimatsu and Velocys will continually improve the plant offer to our customers, underpinning both the economics and the delivery of an integrated solution in our renewable fuels and stranded gas markets.”

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Tue, 17 Jan 2017 08:21:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/171725/velocys-agrees-new-partnership-with-japans-morimatsu-171725.html
<![CDATA[RNS press release - Establishment of strategic alliance with Morimatsu ]]> http://www.proactiveinvestors.co.uk/companies/rns/170117vls2921u/ Tue, 17 Jan 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170117vls2921u/ <![CDATA[RNS press release - Block listing Interim Review ]]> http://www.proactiveinvestors.co.uk/companies/rns/170103vls1102t/ Tue, 03 Jan 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170103vls1102t/ <![CDATA[News - Velocys outlines new strategy as gas-to-liquids plant continues commissioning ]]> http://www.proactiveinvestors.co.uk/companies/news/170391/velocys-outlines-new-strategy-as-gas-to-liquids-plant-continues-commissioning-170391.html As Velocys Plc (LON:VLS) commissions its ‘commercial reference’ gas-to-liquids processing plant in Oklahoma City it has outlined its new strategy to investors.

It says that the plan will build on the group’s success developing the plant and will give it more control.

Velocys detailed its core strategies. It told investors it wants to implement industry alliances with partners that ‘have the required resources, scale and capabilities to access large, high value markets and drive growth.

The group wants to take on multiple projects, alongside partners. It aims to offer a one-stop-shop, giving its clients fully integrated, financed and operations-ready plants.

Chief executive David Pummell said: “Velocys has achieved significant milestones over the last 15 years, culminating in the construction of our commercial reference plant in Oklahoma City, which is now being commissioned.

“The time is now right to build on our position of strength; we are mobilising to create world-class partnerships to take leadership positions in key high-value markets.

“I am confident that we have the right strategy that will deliver a substantive growth business. I look forward to providing further details of the strategic alliances that will underpin this strategy as we roll them out."

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Tue, 13 Dec 2016 08:22:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/170391/velocys-outlines-new-strategy-as-gas-to-liquids-plant-continues-commissioning-170391.html
<![CDATA[RNS press release - Strategy update: "building the business" ]]> http://www.proactiveinvestors.co.uk/companies/rns/161213vls6262r/ Tue, 13 Dec 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161213vls6262r/ <![CDATA[RNS press release - Interim results for the 6 months ended 30 June 16 ]]> http://www.proactiveinvestors.co.uk/companies/rns/160926vls7407k/ Mon, 26 Sep 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160926vls7407k/ <![CDATA[News - Velocys says start up is in sight for Oklahoma gas-to-liquids fuel plant ]]> http://www.proactiveinvestors.co.uk/companies/news/166214/velocys-says-start-up-is-in-sight-for-oklahoma-gas-to-liquids-fuel-plant-166214.html Velocys Plc (LON:VLS) told investors that the construction phase of the ENVIA Energy GTL plant in Oklahoma City is now complete and early commissioning work is now underway.

The ENVIA plant is based around Velocys gas-to-liquid fuel technology, which enables the production of diesel, jet fuel, waxes and base oil from either natural or biomass gas.

Once operation it will serve an important role for Velocys as it will be a commercial reference point for the company’s technology.

“Operational start-up of the ENVIA plant is now within sight; its successful steady state operation will represent the next seminal milestone for Velocys and a significant step for the smaller scale GTL industry,” said David Pummell, Velocys chief executive.

“Velocys and its partners continue to work together on site in a high-performing professional collaboration and I remain confident that we will continue to build on this progress to deliver a safe and successful start-up of the plant in the near future, and the timely production of in-specification product.”

Earlier this year, the AIM quoted company gained greater operational control of the project as it made available a US$9mln loan, secured on the project, and it was granted additional equity in the venture.

A team of Velocys engineers have been on site since July.

Drawdown on the loan is expected to begin in the fourth quarter, with the final drawdown anticipated in the first quarter of next year. The company added that it doesn’t expect any additional funding will be needed.

Velocys said it will pursue options to recover early repayment once the plant is operations.

In a separate statement, Velocys noted that Dr Jan Verloop, a technical expert in GTL, will retire from the group’s board with immediate effect though he will remain as a consultant to the company.

The timing is linked to the transition of the ENVIA plant into production.

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Wed, 21 Sep 2016 07:25:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/166214/velocys-says-start-up-is-in-sight-for-oklahoma-gas-to-liquids-fuel-plant-166214.html
<![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.co.uk/companies/rns/160921vls3806k/ Wed, 21 Sep 2016 07:01:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160921vls3806k/ <![CDATA[RNS press release - Construction complete at ENVIAs GTL plant ]]> http://www.proactiveinvestors.co.uk/companies/rns/160921vls3801k/ Wed, 21 Sep 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160921vls3801k/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/160824vls0092i/ Wed, 24 Aug 2016 08:54:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160824vls0092i/ <![CDATA[RNS press release - Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/160727vls3165f/ Wed, 27 Jul 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160727vls3165f/ <![CDATA[RNS press release - Business update ]]> http://www.proactiveinvestors.co.uk/companies/rns/160707vls4789d/ Thu, 07 Jul 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160707vls4789d/ <![CDATA[News - Roman Abramovich raises stake in Velocys ]]> http://www.proactiveinvestors.co.uk/companies/news/127831/roman-abramovich-raises-stake-in-velocys-127831.html Russian billionaire and Chelsea owner Roman Abramovich has lifted his stake in gas-to-liquids AIM firm Velocys PLC (LON:VLS).

A regulatory filing showed his investment vehicle Ervington Investments had on June 30 completed a transaction, which resulted in him now owning around 34.4mln shares , or 24.04%.

The firm is at the forefront of developing gas-to-liquid (GTL) technology, which convert natural gas or biomass into diesel, jet fuel, waxes and other oils.

In May, it reported a narrowing of the pre-tax loss to £21.1mln, down from a loss of £23.3million and an upswing in revenues.

It said there were projects in the pipeline and that there was good progress on Envia Energy’s  project in Oklahoma, USA  with Velocys reactors already completed and mechanical completion expected by mid-2016.

Velocys shares added 5.45% to  29p.

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Tue, 05 Jul 2016 08:10:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/127831/roman-abramovich-raises-stake-in-velocys-127831.html
<![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/160705vls2105d/ Tue, 05 Jul 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160705vls2105d/ <![CDATA[RNS press release - Block listing Interim Review ]]> http://www.proactiveinvestors.co.uk/companies/rns/160701vls8667c/ Fri, 01 Jul 2016 09:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160701vls8667c/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/160614vls1878b/ Tue, 14 Jun 2016 16:39:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160614vls1878b/ <![CDATA[RNS press release - Share issue in relation to Pinto Energy LLC ]]> http://www.proactiveinvestors.co.uk/companies/rns/160527vls6013z/ Fri, 27 May 2016 16:55:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160527vls6013z/ <![CDATA[RNS press release - Mailing of 2015 annual report; notice of 2016 AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/160520vls7953y/ Fri, 20 May 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160520vls7953y/ <![CDATA[RNS press release - Final results for the year ended 31 December 2015 ]]> http://www.proactiveinvestors.co.uk/companies/rns/160427vls4360w/ Wed, 27 Apr 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160427vls4360w/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.co.uk/companies/rns/160321vls8050s/ Mon, 21 Mar 2016 16:40:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160321vls8050s/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/160321vls8040s/ Mon, 21 Mar 2016 16:35:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160321vls8040s/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/160314vls0488s/ Mon, 14 Mar 2016 16:35:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160314vls0488s/ <![CDATA[RNS press release - Vesting of Restricted Stock Unit Award ]]> http://www.proactiveinvestors.co.uk/companies/rns/160314vls9971r/ Mon, 14 Mar 2016 11:41:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160314vls9971r/ <![CDATA[News - Abramovich and Velocys to make jet fuel from UK's rubbish ]]> http://www.proactiveinvestors.co.uk/companies/news/122901/abramovich-and-velocys-to-make-jet-fuel-from-uk-s-rubbish-122901.html Chelsea owner Roman Abramovich, with the help of Velocys (LON:VLS), is looking at ways to drum up energy out of a load of rubbish.

The Russian oligarch and football club owner is a 21% shareholder in AIM-quoted Velocys, which has now begun an engineering study for the development of a new waste-to-liquids project in the United Kingdom.

It is proposed that the new project would take hundreds of thousands of tonnes of ‘post-recycled’ waste, which would otherwise go to landfill or incineration, and convert it into clean-burning, sustainable jet fuel and diesel.

Velocys will be working with another company affiliated with Abramovich’s Ervington Investments vehicle.

David Pummell, Velocys's chief executive, said: “Velocys and Ervington have a mutual strategic interest in delivering a commercial scale WTL solution and see this UK opportunity as meeting our joint criteria for success."

Pummell highlighted that in the UK there are certain economic advantages for the proposed project, including gate fees and fuel credits.

“We have strong customer interest, because this would be one of the few commercial options for making sustainable jet fuel,” he added.

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Wed, 24 Feb 2016 07:57:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/122901/abramovich-and-velocys-to-make-jet-fuel-from-uk-s-rubbish-122901.html
<![CDATA[RNS press release - Study commences on UK-based waste-to-liquids plant ]]> http://www.proactiveinvestors.co.uk/companies/rns/160224vls9330p/ Wed, 24 Feb 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160224vls9330p/ <![CDATA[RNS press release - ENVIA Energy GTL plant project progress ]]> http://www.proactiveinvestors.co.uk/companies/rns/160205vls1618o/ Fri, 05 Feb 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160205vls1618o/ <![CDATA[RNS press release - Appointment of David Pummell as CEO ]]> http://www.proactiveinvestors.co.uk/companies/rns/160106vls9341k/ Wed, 06 Jan 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160106vls9341k/ <![CDATA[RNS press release - Blocklisting Interim Review ]]> http://www.proactiveinvestors.co.uk/companies/rns/160104vls7725k/ Mon, 04 Jan 2016 16:09:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160104vls7725k/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.co.uk/companies/rns/151231vls6177k/ Thu, 31 Dec 2015 12:41:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/151231vls6177k/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/151231vls6159k/ Thu, 31 Dec 2015 12:36:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/151231vls6159k/