TIDMVLS
Velocys PLC
03 February 2020
News Release
Velocys plc
("Velocys" or "the company")
03 February 2020
Velocys appoints Worley as engineering partner
Velocys plc (VLS.L), the sustainable fuels technology company,
is pleased to announce the appointment of Worley (ASX: WOR) to
manage the delivery of its fully integrated technology package.
Worley, a world-class engineering contractor, is the partner in
the development of pre-feasibility, feasibility and FEED packages
for all projects in the Velocys portfolio. This allows Velocys to
leverage synergies across multiple projects and geographies.
Worley's global reach allows an effective collaborative partnership
to deliver projects worldwide.
The fully integrated technology package converts waste
feedstocks into sustainable aviation and road transport fuels.
Velocys has selected all the technology suppliers for its Bayou
Fuels woody-biomass-to-fuels project in Natchez, Mississippi, USA.
The same technology package will be used for the Altalto Immingham
waste-to-fuels project in the UK.
The industry leading licensors were selected, after extensive
due diligence and engineering assessment, to create an integrated
technology solution consisting of five process steps (including
Velocys' own technology), each of which has been demonstrated at
commercial scale on similar feedstocks:
Step Process Licensor
1 Gasification TRI (ThermoChem Recovery International)
-------------------------------- ----------------------------------------
2 Syngas partial oxidation Arvos Schmidtsche-Schack (SCS),
and cooling with Linde's Hot Oxygen Burner
Technology
-------------------------------- ----------------------------------------
3 Syngas clean-up & conditioning Air Liquide Engineering & Construction
-------------------------------- ----------------------------------------
4 Fisher Tropsch (FT) hydrocarbon Velocys
synthesis
-------------------------------- ----------------------------------------
5 Product upgrading Haldor Topsoe
-------------------------------- ----------------------------------------
The careful selection and combination of the above technologies
provides a de-risked solution enabling the processing of different
solid feedstocks (including both woody biomass and municipal solid
waste), and sufficient flexibility to allow production of multiple
products including Synthetic Paraffinic Kerosene (SPK) and diesel.
A capture-ready carbon dioxide stream is also produced, enabling
negative-emissions fuels wherever CO(2) usage or storage options
are available, as is the case for the Bayou Fuels project.
Velocys has also successfully concluded an integrated piloting
programme culminating in the production of SPK, diesel and naphtha
from representative Fischer Tropsch liquids.
Aviation and heavy goods transport remain the hardest sectors to
decarbonise. Passenger vehicles can be electrified but aeroplanes
and trucks require much higher energy density, therefore a liquid
fuel remains the more viable choice. The technology package
provides a robust solution to help these industries to unlock a
decarbonised future, through access to abundant, sustainable, but
difficult-to-process feedstocks such as municipal solid waste and
woody biomass residues. Critically, the fuels produced meet all
required regulatory standards, and can be used without any
modification to engines.
Paul Seaton, Worley President, E&C Services, Europe &
Central Asia said:
"We are pleased to have been selected as the global engineering
partner for these sustainable fuels projects. As a major player in
the energy, chemicals and resources sectors, energy transition
projects are already a fast-growing part of our business. Worley is
determined to work with Velocys to find solutions for a lower
carbon world."
Henrik Wareborn, Velocys CEO, said:
"We are delighted to have appointed Worley as our engineering
contractor and to partner with our selected technology providers,
who bring complementary skills and command excellent reputations.
Our unique combination of proven technologies allows Velocys to
offer a robust process solution that will be vital to the
decarbonisation of challenging sectors and the achievement of net
zero targets."
Licensor comments include:
Daniel A. Burciaga, TRI CEO, said:
"TRI is extremely pleased to be part of the world-class
technical team that Velocys has assembled for these important and
exciting projects. Having already worked closely with Velocys to
integrate our system with their FT technology unit and demonstrated
that over a long duration run at our process demonstration
facility, we are very confident about the robust commercial
applications of this powerful configuration."
Todd Skare, Linde Chief Technology Officer said:
"Linde is pleased to have been selected by Velocys to supply its
proprietary Hot Oxygen Burner (HOB) Technology. Our commercially
proven partial oxidation technology will be used to increase the
quality and yield of syngas generation. Our HOB technology is
widely recognised in the industry for its ability to handle a wide
range of variation in both raw syngas and fuel compositions thus
helping our customers ensure a reliable waste to fuels
process."
Michael Schoetz, Head of Sales & Tendering at Arvos
Schmidtsche Schack Düsseldorf said:
"We are excited to get the opportunity to apply our 50 years of
experience from Gasification in the emerging renewable field. SCS
will apply our knowledge to reduce risk and increase availability
in the first process block, the complete Gasification Island."
Dominique Rouge, Vice President, Sales & Technology at Air
Liquide Engineering & Construction said:
"Air Liquide Engineering & Construction is pleased to bring
its extensive experience and world renowned and referenced
Lurgi(TM) capture-ready syngas conditioning technology to the
project, supporting the new generation of sustainable fuels and the
transition to clean energies."
Johan Mogensen, Vice President, Haldor Topsoe, said:
"We are very proud to be part of this project together with
Velocys. Haldor Topsoe is determined to be a driving force in the
global push towards renewable fuels. This project is a notable
addition to our extensive portfolio in the area."
--Ends---
For further information, please contact:
Velocys
Henrik Wareborn, CEO
Andrew Morris, CFO
Lak Siriwardene, Head of Communications &
Sustainability +44 1865 800821
Numis Securities (Nomad and joint broker)
Stuart Skinner
Tom Ballard +44 207 260 1000
Canaccord Genuity (Joint broker)
Henry Fitzgerald-O'Connor
James Asensio +44 207 523 8000
Radnor Capital (Investor relations)
Joshua Cryer
Iain Daly +44 203 897 1830
Field Consulting (PR) +44 207 096
Robert Jeffery 7730
Notes to Editors
Velocys is an international UK-based sustainable fuels
technology company. Velocys designed, developed and now licences
proprietary Fischer-Tropsch technology for the generation of clean,
low carbon, synthetic drop-in aviation and transport fuel from
municipal solid waste and waste woody biomass.
Velocys is currently developing projects in Natchez,
Mississippi, USA (incorporating Carbon Capture Use and Storage) and
Immingham, UK to produce fuels that significantly reduce both
greenhouse gas emissions and key exhaust pollutants for aviation
and road transport. Originally a spin-out from Oxford University,
in 2008 the company acquired a US company based on complementary
technology developed at the Pacific Northwest National Laboratory.
Velocys is headquartered in Oxford in the United Kingdom.
www.velocys.com
Worley globally delivers projects, provides expertise in
engineering, procurement and construction and offers a wide range
of consulting and advisory services. Headquartered in Sydney
Australia, the company covers the full lifecycle, from creating new
assets to sustaining and enhancing operating assets, in the
hydrocarbons, mining, mineral, metals, chemicals, power and
infrastructure sectors. www.worleyparsons.com
ThermoChem Recovery International (TRI) was founded in 1996 in
Baltimore, Maryland, USA. TRI has developed two stage steam
reforming gasification technology which enables the conversion of a
diverse range of feedstocks, including municipal solid waste and
woody biomass feedstocks, into syngas. TRI's gasifier has been
successfully constructed, commissioned and operated at commercial
scale in a plant in Trenton, Ontario, Canada. Velocys and TRI have
carried out over 2,000 hours of integrated gasifier and FT testing
at TRI's process demonstration facility in Durham, North Carolina,
USA. www.tri-inc.net
Linde is a leading industrial gases and engineering company with
2018 pro forma sales of USD 28 billion (EUR 24 billion). The
company employs approximately 80,000 people globally and serves
customers in more than 100 countries worldwide. Linde delivers
innovative and sustainable solutions to its customers and creates
long-term value for all stakeholders. The company is making our
world more productive by providing products, technologies and
services that help customers improve their economic and
environmental performance in a connected world. www.linde.com
ARVOS Group has been supplying specialist heat transfer
equipment in power, petrochemical chemical and metallurgical
industries for over 100 years. The Partial Oxidation unit will be
supplied from the Schmidtsche Schack's Düsseldorf division,
integrating the TRI supply into the Gasification Island. SCS is
headquartered in Kassel, Germany and has manufacturing locations in
Germany, and Offices in USA, Japan and China and India. The partial
oxidation system with burner and syngas cooling have tens of
thousands of operating hours in similar applications worldwide.
www.arvos-group.com
Air Liquide Engineering & Construction builds Air Liquide
Group production units (mainly air gas separation and hydrogen
production units) and provides external customers with efficient,
sustainable, customized technology and process solutions. Air
Liquide Engineering & Construction's core expertise in
industrial gases, energy conversion and gas purification, enables
customers to optimize natural resources. As a technology partner,
customers benefit from our research and development to contribute
to energy transition. www.airliquide.com
Haldor Topsoe is a globally recognised catalyst and technology
company headquartered in Lyngby, Denmark, suppling high-performance
catalysts, proprietary technologies, process design, engineering,
and services for use in the chemical and oil & gas industries.
It has more than 200 licensed units in hydroprocessing technology.
www.topsoe.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRADZGGZKZNGGZM
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