Targeting the supply of high value speciality chemicals.
Velocys has developed a plan for a 5,000 barrels per day GTL plant targeting speciality products at a site that the company owns in Ashtabula, Ohio.
Following the recent review of the company’s strategy, Velocys is keeping its options open regarding the development of a plant at the Ashtabula site at a future date. However, the company’s focus for developing its first gas-to-wax plant is now elsewhere. Much of the work undertaken for the Ashtabula project is transferable to a gas-to-wax plant of the same size at a different location.