Velocys to participate in Barclays CEO Conference

RNS Number : 6918Y

Velocys PLC

08 September 2022

 

8 September 2022

News Release

Velocys plc

("the Company")

Velocys to participate in 2022 Barclays CEO Energy-Power Conference, US

Velocys plc (VLS.L), the sustainable fuels technology company, announces that CEO Henrik Wareborn, will today be attending the 2022 Barclays CEO Energy-Power Conference in New York. He will be participating as a panellist on Sustainable Aviation Fuel ("SAF") with Gerard Ostheimer, Co-Manager of the Clean Energy Ministerial Biofuture Campaign, a global forum to promote policies and programmes that advance clean energy technology.

The panel will be hosted by Will Thompson, Senior Research Analyst, Industrials and Energy sectors, Barclay's Sustainable and Thematic Research Team, who recently published a report on the emerging need for SAF to decarbonise the hard-to-abate aviation industry.

Velocys' IP-protected technology utilises abundant waste feedstocks, which includes forestry, residential and commercial, to enable the production of ultra-low carbon intensity synthetic aviation fuel. In November 2021, Velocys signed agreements for 100% of the SAF output expected from the Bayou Fuels facility with Southwest Airlines (a 15-year offtake agreement) and IAG/British Airways (MOU for a 10-year offtake agreement). Bayou Fuels is a planned cellulosic biofuels plant enabling the production of carbon negative fuel through the use of biogenic feedstock, renewable power, and carbon sequestration. The biorefinery will convert 3,000 tons/day of woody biomass forestry residues into 36 million gallons/year (nameplate) of renewable transportation fuels, predominantly SAF, with a negative carbon intensity.

The Barclays CEO Energy-Power Conference is one of the world's premier equity research conferences, attended by many of the world's leading energy companies and over 1,000 investors. 

For more information on the conference, view:

https://events.barclays.com/ehome/index.php?eventid=695276&categoryid=4508112

Velocys' most recent investor materials can be accessed on its Investor Relations website: https://www.velocys.com/investors/ .

For further information, please contact:

Velocys Henrik Wareborn, CEO Philip Sanderson, CFO Lak Siriwardene, Director of Communications	[phone]
Panmure Gordon (UK) Limited (Nomad and Joint Broker) Hugh Rich (Corporate Broking) Emma Earl (Corporate Finance) John Prior (Corporate Finance)	[phone]
Shore Capital Stockbrokers Limited (Joint Broker) Henry Willcocks (Corporate Broking) Toby Gibbs (Corporate Advisory) James Thomas (Corporate Advisory)	[phone]
Radnor Capital (Investor Relations) Joshua Cryer Iain Daly	[phone]
Buchanan (Financial PR) Helen Tarbet Simon Compton	[phone]

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Notes to Editors

Velocys is an LSE-listed, international sustainable fuels technology company, traded on the AIM, providing customers with a technology solution to enable the production of negative Carbon Intensity synthetic, drop-in fuels from a variety of waste materials. Synthetic fuel is the only commercially available, permanent alternative to fossil aviation fuels. The Velocys technology is IP-protected in all major jurisdictions.

Two reference projects (Bayou Fuels, US, and Altalto, UK) are designed to accelerate the adoption and standardise the Velocys proprietary Fischer Tropsch (FT) technology with an integrated end to end solution, including renewable power and carbon sequestration.

Velocys is enabling commercial scale synthetic fuel production in response to the clean energy transition, with significant additional positive air quality impacts.

www.velocys.com

 

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