United Kingdom-based Velocys plc has suspended its venture into the nascent small-scale gas-to-liquids (GTL) space in favor of becoming a renewable fuels company focused on biomass-to-liquids (BTL), electing to put proposed projects that would have used shale gas — like one in Northeast Ohio — on hold indefinitely.
Velocys
Articles from Velocys
Velocys Postpones Northeast Ohio GTL Facility, Citing Project Financing Challenges
United Kingdom-based Velocys plc said Thursday that it would postpone the development of its small-scale 5,000 b/d gas-to-liquids (GTL) plant in Northeast Ohio, citing the commodities downturn and the effects it’s had on the company’s ability to raise capital for the project.
July 7, 2016
GTL Expert Velocys Suspends CEO; Investigation Launched
Velocys plc, a partner in the world’s first small-scale natural gas-to-liquids (GTL) project now underway in Oklahoma, has suspended CEO Roy Lipski pending an investigation into allegations of “serious misconduct.”
July 6, 2015
GTL Expert Velocys Suspends CEO; Investigation Launched
Velocys plc, a partner in the world's first small-scale natural gas-to-liquids project now underway in Oklahoma, has suspended CEO Roy Lipski pending an investigation into allegations of "serious misconduct."
July 6, 2015
Four-Company GTL Joint Venture Unveiled
Four diverse companies announced Monday they will pursue a series of gas-to-liquids (GTL) projects starting in Oklahoma…
March 25, 2014
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