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EPIC: VLS
Market: AIM
Sector: Energy
Market Cap: 53.21M
Website: www.velocys.com
Velocys

Velocys

Velocys PLC, formerly Oxford Catalysts Group PLC, is a holding company. The Company is engaged in the designs and development of technology for the production of clean synthetic fuels from both conventional fossil fuels and renewable sources such as bio-waste. The Company is primarily focused on the production of synthetic fuels via Fischer-Tropsch (FT) synthesis, a market that has the potential of producing as much as 25 million barrels of fuel a day.

Velocys is traded in the NEX Exchange HERE

Velocys

www.velocys.com

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Velocys Timeline

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%.
Velocys, formerly Oxford Catalysts, owns technology that powers small scale gas to liquids plants. It recently announced a commercial deal to sell a reactor to an unnamed customer in the Commonwealth of Independent States (CIS).
Synthetic fuels firm Oxford Catalysts Group has conditionally placed 24.5mln shares at 125p each. The company is set to raise around £30.6mln (gross) from the placing, which was oversubscribed. The new shares will represent around 21.1% of the enlarged ordinary share capital.

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