Velocys PLC Velocys and PQ partner for catalyst manufacturing
19 Giugno 2018 - 8:01AM
RNS Non-Regulatory
TIDMVLS
Velocys PLC
19 June 2018
News release
Velocys plc
("Velocys" or "the Company")
19 June 2018
Velocys and PQ partner for catalyst manufacturing
PQ Corporation to supply commercial quantities of Velocys'
proprietary catalyst for multiple biorefineries
Velocys plc (VLS.L), the renewable fuels company, is pleased to
announce that it has partnered with PQ Corporation (PQ) for the
supply of commercial quantities of Velocys' proprietary catalyst to
be used in multiple biorefineries incorporating its technology. PQ
is a leading global provider of specialty catalysts, services,
materials and chemicals for the refinery, emissions control and
petrochemical industries.
Catalyst produced by PQ has already been used to successfully
produce renewable transportation fuel and other products at ENVIA,
the world's first commercial smaller scale gas-to-liquids plant,
which incorporates Velocys technology. In addition, PQ will
manufacture the catalyst to be used by Velocys' licensees as well
as by the biorefinery projects that the company is developing with
its industry partners, including its US biorefinery that will
convert waste woody biomass into 20 million gallons per year of
low-carbon transportation fuels and its plant in the UK that will
convert waste into sustainable jet fuel.
Paul Schubert, COO of Velocys, said:
"PQ has the proven capability to produce Velocys' catalyst
following our rigorous commercial production methodology. Our
relationship with PQ gives us a great combination of a trusted and
high-quality manufacturer who can deliver for us all over the
world. After their successful production and deployment of our
catalyst at the ENVIA biorefinery, we're now ready to move to the
next phase of catalyst manufacturing, with greater commercial
quantities produced for future projects."
David J. Taylor, PQ's Executive Vice President and President -
Environmental Catalysts and Services, said:
"Our highest priority is to safely manufacture, market and
distribute products in a responsible manner that protects the
environment. We do this, in part, by collaborating with our
customers to create new products and technologies that further our
mission. Our partnership with Velocys is a perfect example of
this."
- Ends -
For further information, please contact:
Velocys
David Pummell, CEO +44 1235 838 621
Camarco (UK financial communications & PR)
Billy Clegg
Georgia Edmonds
Tom Huddart +44 20 3757 4983
Scoville Public Relations (US public relations) +1 206 625 0075
John Williams #1
PQ Corporation
Kathleen Stanley +1 201 486 3729
Web | Twitter
About Velocys
Velocys is dedicated to becoming a material producer of
renewable fuels from sustainable resources. We have developed
proprietary technology that can cost effectively produce
low-carbon, drop-in jet and diesel fuels from a variety of waste
materials, including woody biomass and municipal solid waste, at a
scale that matches feedstock collection logistics. Velocys
technology is in use at ENVIA, the world's first commercial smaller
scale gas-to-liquids plant. We are using our operational experience
and capabilities to drive the development of additional
biorefineries in the US and UK, with our strategic partners, from
concept to full operations. Velocys plc is admitted to trading on
the AIM market of the London Stock Exchange (LSE: VLS). The Company
operates from its commercial centre in Houston, Texas, and its
facilities in Oxford, UK and Columbus, Ohio.
www.velocys.com
About PQ
PQ Corporation is a wholly owned subsidiary of PQ Group
Holdings, Inc. (NYSE: PQG), an integrated, global provider of
specialty catalysts, materials, chemicals and services. PQ's
environmental catalysts and services business is a leading global
innovator and producer of catalysts for the refinery, emissions
control, and petrochemical industries and is also a leading
provider of catalyst recycling services to the North American
refining industry. PQ's performance materials and chemicals
business is a silicates and specialty materials producer with
leading supply positions in North America, Europe, South America,
and Asia, serving diverse and growing end uses such as personal and
industrial cleaning products, fuel-efficient tyres, surface
coatings, and food and beverage products.
www.pqcorp.com
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END
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