New strategy announced to increase control over project delivery through a partnership approach and focus on the most attractive markets.
David Pummell, CEO: “Successful commissioning and operational start-up of the ENVIA plant is now within sight and its steady state operation will represent a seminal milestone for Velocys.”
Non-Executive Director Dr Jan Verloop steps down from the board.
On-site loading of catalyst into Velocys’ reactors complete. Pre-commissioning activities substantially complete.
Construction at ENVIA progressing well. Team of experienced Velocys operators and engineers to be on-site during commissioning and start-up.
David Pummell, CEO: “From my first few months as CEO I am hugely impressed by the quality of the team and the momentum the Company is making on a number of fronts.”
The proposed project would take hundreds of thousands of tonnes per year of post-recycled waste, destined for landfill or incineration, and convert it to sustainable fuels.
ENVIA’s EPC contractor has signed the final major contract for the plant. Fabrication of modular process units complete. Velocys gains greater influence in plant operations.
With over 30 years of energy and oil industry experience, David Pummell joins Velocys from ACAL Energy Ltd.
Read all regulatory announcements, here.