In Mississippi, the Natchez Democrat newspaper reports Velocys has pulled out of its planned biofuels facility as it pivots towards Europe, following a buyout last year that saved it from bankruptcy. The company invested $2.2 million towards a levy project as part of its project evaluation process, which led to the total $7 million investment, […]
In the UK, Altalto (Immingham) Limited, owned by Velocys, has been awarded funding from the UK Department for Transport’s Advanced Fuels Fund to complete Basic Engineering Design for its flagship waste-to-SAF facility. The grant enables Altalto to integrate NX Circular™ gasification and NX CPO™ technology from NEXTCHEM with Velocys’ proven MicroFTL™ technology, strengthening its position […]
In Texas, Syzygy Plasmonics is rewriting the rules of sustainable aviation fuel (SAF) production with a first-of-its-kind commercial project in Uruguay—now supported by Fischer-Tropsch technology leader Velocys. The NovaSAF 1 facility will convert dairy waste and biogas into drop-in jet fuel with a nameplate capacity of 500,000 gallons annually, using only renewable electricity and waste […]
In the UK, Velocys has begun a new chapter following the completion of its take-private on January 18, 2024. As part of the transaction, a new consortium of growth investors, including Carbon Direct Capital, Lightrock, GenZero and Kibo Investments, has infused Velocys with $40 million of growth capital. The funds will be used to accelerate […]
