NELC formal planning permission notice issued

RNS Number : 8661P

Velocys PLC

12 June 2020

 

News Release

Velocys plc

("the Company")

12^th June 2020

NELC formal planning permission notice issued

Velocys plc (VLS.L), the sustainable fuels technology company, is pleased to announce that a formal notice of the decision to grant planning permission for the Altalto Immingham plant has now been issued by North East Lincolnshire Council (NELC). This is further to the resolution of the Planning Committee which was announced on 20^th May 2020.

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For further information, please contact:

Velocys Henrik Wareborn, CEO Andrew Morris, CFO Lak Siriwardene, Head of Communications & Sustainability	[phone]
Numis Securities (Nomad and joint broker) Stuart Skinner Emily Morris Alamgir Ahmed	[phone]
Canaccord Genuity (Joint broker) Henry Fitzgerald-O'Connor James Asensio	[phone]
Radnor Capital (Investor relations) Joshua Cryer Iain Daly	[phone]
Field Consulting (PR) Robert Jeffery	[phone]

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.

Notes to Editors

Velocys is an international UK-based sustainable fuels technology company. Velocys designed, developed and now licenses proprietary Fischer-Tropsch technology for the generation of clean, low carbon, synthetic drop-in aviation and road transport fuel from municipal solid waste and waste woody biomass.

Velocys is currently developing two reference projects: one in Natchez, Mississippi, USA (incorporating Carbon Capture, Utilisation and Storage) and one in Immingham, UK, to produce fuels that significantly reduce both greenhouse gas emissions and key exhaust pollutants for aviation and road transport. Originally a spin-out from Oxford University, in 2008 the company acquired a US company based on complementary technology developed at the Pacific Northwest National Laboratory. Velocys is headquartered in Oxford in the United Kingdom.

www.velocys.com

 

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