Velocys secures order for a biojet fuel demo plant in Japan

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Type of post: NEWS IN BRIEF.

Velocys plc (Velocys) has secured a purchase order and technical service agreements with Toyo Engineering Corporation (Toyo) for the use of its technology in a publicly funded demonstration facility in Nagoya (Japan), as well as an advance deposit for the use of its technology by Toyo in a subsequent commercial plant.
Press release: “Velocys secures order for biorefinery licence in Japan”, 19/9/2019.
More posts about Velocys.

Figure 1. Velocys has secured a purchase order and technical service agreements with Toyo for the use of its technology in a publicly funded demo facility


Toyo has placed an order, worth approximately 0.5 M$, to supply Velocys Fischer-Tropsch (FT) technology, equipment and catalyst for a biomass-to-jet fuel demonstration facility currently under construction by a consortium of Japanese companies. In addition, Velocys has agreed that it will grant an exclusive right for Toyo to secure and use the licence and technical services of the Velocys FT Technology for a future potential commercial plant in Japan with an advance deposit of 4 M$. The deposit will be paid in a non-refundable tranche 0.5 M$ and a further tranche which is potentially refundable and subject to milestones.

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