Velocys obtains a lease for a new site in the United States

Velocys obtains a lease for a new site in the United States | International Biofuels Magazine

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Velocys recently secured a 15-year lease for a modern, sustainable facility in Columbus, Ohio.
The company will consolidate its catalysis, microchannel reactor core assembly and technology licensing services under one roof.
In line with its recent investment circular, this will involve a capital investment of up to £1.5 million (€1.8 million) in building improvements to meet the specific needs of the business and 4.8 million pounds sterling (5.7 million euros) in the automation of reactor core assembly enabling regular production of at least 12 complete FT reactors per year.
This coincides with the expiration next year of the 10-year lease of the company’s current technology center in Columbus, Ohio.
Velocys also announced the potential sale of the undeveloped Ashtabula site in northern Ohio, acquired as part of the Pin to Energy acquisition in 2014 and intended to be used for a GTL plant at the time.
Ashtabula Port Authority has tentatively agreed to acquire the site for an undisclosed price, subject to further due diligence by the buyer.
Velocys also deepened its collaboration with TOYO regarding biomass to SAF (BtL) and power to SAF (PtL) solutions for the energy transition in Japan.
Velocys’ commercial development pipeline continues to grow with a number of feasibility studies with biorefinery plant developers underway to accelerate these projects, which should turn into commercial contracts in due course.
Henrik Wareborn, CEO of Velocys, said: “The Velocys Group is well positioned at the crossroads of energy security and the net zero transition. Through the deployment of our patented and proven FT and catalyst technology, we provide decarbonization solutions for hard-to-reduce sectors such as commercial aviation, to provide carbon-negative fuels to airlines and others. who are committed to achieving net zero targets, while reducing import dependency. fossil fuels.”

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