In India, Velocys and Varhad Capital Pvt Ltd (Varhad), an India-based Biofuel and Carbon Dioxide Removal (CDR) project development company, announced the signing of a Memorandum of Understanding (MOU) to advance a new generation of biomass-to-Sustainable Aviation Fuel (SAF) projects in India. Under the MOU, the companies will engineer and design scalable biomass-to-SAF facilities using […]
In the UK, Velocys recently announced the successful commissioning of a Fischer–Tropsch (FT) system at Sustainable Molecules Ltd’s (SuMo) Sustainable Molecules Facility (SMF) in Wednesbury, England. The system is now online and operating as expected, marking an important step in demonstrating the integration of advanced gasification and FT synthesis technologies within a waste-to-fuels pathway. This […]
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 […]
