Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Velocys outlines new strategy as gas-to-liquids plant continues commissioning

Chief executive David Pummell said: “The time is now right to build on our position of strength".
meeting, silhouettes
Velosys wants to bring in partners for new projects

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."

Jamie_55a91591db06b.jpg


Register here to be notified of future VLS Company articles
View full VLS profile

Velocys Timeline

Related Articles

A drill rig
April 06 2017
"The winning of the ONGC tender against 16 other well established drilling contractors is a confirmation of Greka Drilling's mastery within the CBM niche.”
picture of Chinese city
February 02 2017
Green Dragon Gas is China-focused and specialises in extracting gas locked into the huge coal beds the run underneath the country.
carnarvon-petroleum-MD-Adrian-Cook-757.jpg
February 03 2017
Adrian Cook discussed the company's 2017 exploration plan with investors.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use