18-Sep-2019 07:45 AM
Alternative fuel company Velocys booked a first-half loss as it continued to commercialise its reactor technology.
Pre-tax losses for the six months through June amounted to £4.6m, compared to losses of £25.0m on-year.
'2019 has been a
26-Sep-2018 07:40 AM
Renewable fuels company Velocys said its first-half losses more than doubled as it continued to spend on the development of bio-fuels projects in the US and UK.
Pre-tax losses for the six months through June amounted to £25.0m, widening from losses
23-May-2018 03:00 PM
Renewable fuel company Velocys said its annual losses deepened after it wrote down the value of its assets to the tune of £34.6m.
Pre-tax losses amounted to £55.3m, compared to £14.1m of red ink in 2016.
'I believe we will look ba
02-Feb-2018 01:30 PM
Numis today reaffirms its buy investment rating on Velocys (LON:VLS) and cut its price target to 35p (from 107p).
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02-Feb-2018 08:00 AM
Canaccord Genuity today reaffirms its speculative buy investment rating on Velocys (LON:VLS) and cut its price target to 40p (from 80p).
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29-Sep-2017 07:58 AM
Velocys said revenue fell to £0.2m (H1 2016: £0.5m) in the six months ended 30 June 2017.
HIGHLIGHTS
Key milestones at ENVIA Energy's Oklahoma City plant, the first smaller scale, commercial gas-to-liquids plant in the world include:
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18-Sep-2017 01:43 PM
Velocys has announced that it has entered into a partnership to prepare the business case for a commercial scale waste-to-renewable-jet-fuel plant in the UK.
The Company said it will lead this initial feasibility stage of the project, for which all membe
27-Jun-2017 08:40 AM
finnCap today initiates coverage of Velocys (LON:VLS) with a corporate investment rating and price target of 144p.
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22-Jun-2017 01:53 PM
Velocys has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.
At 1:53pm: (LON:VLS) Velocys share price was 0p at 48.5p
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22-Jun-2017 07:49 AM
Velocys said 2016 was a busy year of change for the company as it moved towards becoming a renewable fuels company.
CEO David Pummell said in an AGM statement that Velocys had invested significant effort into the commissioning and start-up of ENVIA Oklah
26-Apr-2017 01:09 PM
Velocys has announced that Mark Chatterji, a Non-Executive Director of the Company, has stepped down from the Board with effect from 25th April 2017.
At 1:09pm: (LON:VLS) Velocys share price was +6.5p at 64p
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03-Mar-2017 07:20 AM
Velocys has signed a definitive agreement covering its strategic alliance with Morimatsu (Jiangsu) Heavy Industry Co., Ltd., a subsidiary of Morimatsu Industry Co., Ltd.
This agreement confirmed the previously announced MoU between Velocys and Morimatsu.
26-Sep-2016 02:20 PM
Canaccord Genuity today reaffirms its speculative buy investment rating on Velocys (LON:VLS) and raised its price target to 110p (from 95p).
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27-Apr-2016 07:52 AM
Velocys has narrowed its FY pretax loss to GBP21.1m, from a year-earlier loss of GBP23.3m, mostly due to administrative expenses. Revenue was GBP2.0m, from GBP1.7m before exceptional items.
CEO David Pummell said:
"From my first few months as CEO I
22-May-2015 02:17 PM
Velocys has confirmed that the annual general meeting of the Company is to be held at 10.45 a.m. on 23rd June 2015 at a new venue; the Milton Park Innovation Centre, 99 Park Drive, Milton Park, Oxfordshire, OX14 4RY.
At 2:17pm: (LON:VLS) VELOCYS ORD 1
28-Apr-2015 09:59 AM
Velocys has widened its FY pretax loss to £23.3m, from a year-ago loss of £18.0m. Most of the losses were due to administrative expenses, which totalled £25.6m, from £19.6m.
At 9:59am: (LON:VLS) VELOCYS ORD 1P share price was -8p at 138p
Story p
09-Jan-2015 09:14 AM
Velocys said its board director Julian West has been nominated as company senior independent director with immediate effect.
At 9:14am: (LON:VLS) VELOCYS ORD 1P share price was +0.25p at 134.5p
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27-Mar-2014 07:54 AM
Velocys widened its FY pretax loss to £18.0m, from £10.8m. Revenue was £4.8m, from £7.6m. Total administrative expenses were higher and included £10.5m of unfunded R&D costs, form £7.0m.
Chairman Pierre Jungels said 2013 was a strong year for Veloc
24-Mar-2014 07:43 AM
Velocys, the technology innovator for smaller scale gas-to-liquids (GTL), has entered a JV with Waste Management, NRG Energy (NRG), and Ventech Engineers International (Ventech) to develop gas-to-liquids (GTL) plants in the United States and other select
06-Jan-2014 07:25 AM
Velocys, the technology innovator for smaller scale gas-to-liquids (GTL), has executed an agreement for the sale of a commercial Fischer-Tropsch reactor to a customer in the Commonwealth of Independent States.
The 175 bpd reactor, with accompanying cata