Velocys enables gas-to-liquids (GTL) plants to convert unconventional, remote and problem gas into valuable liquid fuels. Systems based on the Company’s technology are significantly smaller than those using conventional technology, enabling modular plants that can be deployed cost effectively in remote locations and on smaller fields than is possible with competing systems. Together with world-class partners, Velocys provides complete smaller scale, modular GTL solutions that address an untapped market of up to 25 million barrels of fuel a day.
The Company is the world leader in the design and development of microchannel process technology and high activity catalysts and holds over 800 patents worldwide covering various aspects of the technology. Over $300 million has been invested in the development of its technologies, the majority of which came from industrial partners including BP, Chevron, Phillips Petroleum, Total, Toyo Engineering and MODEC.
Velocys plc is listed on the AIM market of the London Stock Exchange (LSE: VLS). The Company has approximately 100 employees with facilities in Houston, Texas, USA and near Oxford, UK and Columbus, Ohio, USA.