Gas to liquids specialist Velocys has narrowed its full year 2015 pretax loss to £21.1m, down from £23.3million with its new chief executive looking to activation of its major US project as a significant milestone.
Gas to liquids specialist Velocys has begun an initial engineering study on the development of a new waste-to-liquids (WTL) project in the United Kingdom.
Gas-to-liquids technology company Velocys has made $12 million available to its joint venture Envia Energy, as it announced the final major contract for Envia's commercial reference plant in Oklahoma has been signed.
Gas-to-liquids technology specialist Velocys has appointed David Pummell as its new chief executive.
Velocys said it has reached a settlement deal with CompactGTL Limited in the patents infringement case which it filed two years ago.
Gas to liquids developer Velocys has appointed UK financier Ross Allonby as a non-executive director.
Gas to liquids company Velocys has completed pilot tests at its US plant that demonstrate significant process intensification, increasing capacity productivity and improving commercial performance.
Gas-to-liquids specialist Velocys has settled an intellectual property infringement case with use UK chemicals multinational Johnson Matthey.
Gas-to-liquids (GTL) specialist Velocys has completed the build of full-scale commercial reactors for its joint venture project in Oklahoma.
Gas-to-liquids specialist Velocys has parted company with long-standing chief executive Roy Lipski, "with immediate effect and by mutual consent".