Velocys is the company at the forefront of smaller scale gas-to-liquids (GTL) that turns natural gas or biomass into premium liquid products such as diesel and jet fuel. Smaller scale GTL adds value to shale gas and bio-waste, and makes stranded or flared gas economic – an untapped market of up to 25 million barrels per day.

Velocys technology, protected by over 800 patents, is specifically designed for smaller scales, combining super-active catalysts with intensified reactor systems. The Company’s standardised modular plants are easier to ship and faster to install, at lower risk, even in the most remote or challenging locations. Together with world-class partners, Velocys works flexibly to unlock gas resources of 15,000 to 150,000 mmbtu per day, allowing more companies to take advantage of more opportunities. 

Velocys plc is listed on the AIM market of the London Stock Exchange (LSE: VLS). The Company is well capitalised and has a multi-disciplinary staff of over 100 operating from its commercial centre in Houston, Texas, USA and technical facilities near Oxford, UK and Columbus, Ohio, USA. Its first commercial plant, funded by Waste Management (NYSE: WM), NRG Energy (NYSE: NRG) and Ventech Engineers, is expected to reach mechanical completion in H1 2016.

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Employee Rating

3.8More
TypePublic
HQMilton, GB
Founded2001
Size (employees)103 (est)-10%
Websitevelocys.com
Velocys was founded in 2001 and is headquartered in Milton, GB
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Key People/Management at Velocys

Pierre Jungels

Pierre Jungels

Chairman
Sandy Shaw

Sandy Shaw

Non-Executive Director
John Tunison

John Tunison

Interim Chief Financial Officer
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Velocys Office Locations

Velocys has offices in Milton, Plain City and Houston
Milton, (HQ)
115e Olympic Avenue, Milton Park, Abingdon, OX14 4SA
Houston,
1175 2603 Augusta Dr
Plain City,
7950 Corporate Blvd
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Velocys Financials and Metrics

Velocys Revenue

Velocys's revenue was reported to be £759 k in FY, 2017
GBP

Revenue (FY, 2017)

759.0k

Gross profit (FY, 2017)

350.0k

Gross profit margin (FY, 2017), %

46.1%

Net income (FY, 2017)

(54.6m)

EBITDA (FY, 2017)

(48.3m)

EBIT (FY, 2017)

(51.2m)

Cash (31-Dec-2017)

2.1m

EV

42.4m
GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

64.0k163.0k1.3m8.7m7.7m4.7m7.6m4.8m(6.0k)2.0m1.4m759.0k

Revenue growth, %

(63%)15%

Cost of goods sold

131.0k768.0k3.6m4.6m3.3m4.8m3.3m1.2m1.3m1.1m409.0k

Gross profit

32.0k530.0k5.0m3.0m1.5m2.9m1.5m(1.2m)727.0k385.0k350.0k
GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.0k8.6m7.7m7.7m4.4m10.6m9.5m14.5m31.7m34.7m18.7m2.1m

Accounts Receivable

25.0k15.0k1.3m1.3m689.0k482.0k772.0k102.0k43.0k4.0k811.0k416.0k

Inventories

308.0k330.0k263.0k291.0k1.4m1.5m388.0k

Current Assets

13.8m16.1m19.1m14.1m7.2m19.4m12.0m29.5m62.9m41.0m22.4m4.0m
GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(972.0k)(1.7m)(3.3m)(468.0k)(718.0k)(9.6m)(10.4m)(16.9m)(22.4m)(20.1m)(12.7m)(54.6m)

Cash From Operating Activities

824.0k2.0m5.5m(3.0m)(6.3m)(8.1m)(7.9m)(11.2m)(15.7m)(19.0m)(19.3m)(15.3m)

Cash From Financing Activities

14.0m4.0m9.8m315.0k1.2m20.4m1.3m29.5m51.5m(332.0k)(334.0k)9.4m

Net Change in Cash

484.0k2.1m1.3m520.0k(3.4m)5.9m(946.0k)5.2m16.3m2.0m(19.4m)(16.6m)
GBPY, 2017

EV/EBITDA

-0.9 x

EV/EBIT

-0.8 x

EV/CFO

-2.8 x

Revenue/Employee

7.4k

Financial Leverage

1.3 x
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Velocys Revenue Breakdown

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Velocys revenue breakdown by geographic segment: 20.0% from Europe, 79.4% from Americas and 0.6% from Other

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Velocys News and Updates

Global Waste-to-Energy Technologies Market is Expected to Reach $56.87 billion by 2023

Market Research Report on Global Waste-to-Energy Technologies Market Posted via Industry Today. Follow us on Twitter @IndustryToday

Household Waste To Jet Fuels — British Airways Partners With Velocys

British Airways is partnering with the renewables fuels firm Velocys on a new program that will see household waste converted into jet fuel at a number of specially designed waste processing facilities, according to a press release on the matter Household Waste To Jet Fuels — British Airways Partner…
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Velocys Blogs

Directorate Changes – Appointment of CEO and CFO

Velocys is pleased to announce the appointment of Henrik Wareborn as Chief Executive Officer and Executive Director.  Andrew Morris has been appointed as Velocys’ full time Chief Financial Officer. _ _ _ Velocys plc (VLS.L), the renewable fuels company, is pleased to announce the appointment of Henr…

Statement Regarding Share Price Movement

Velocys would like to update investors on the ongoing positive actions the company is currently undertaking. _ Velocys plc (VLS.L), the renewable fuels company, notes the recent share price movement and we would like to update the investors of the following ongoing positive actions your Company is c…

Significant environmental milestone for Mississippi project

The USDA has issued a Finding of No Significant Impact on the environmental assessment report for Velocys’ planned Mississippi biorefinery. — Velocys plc (VLS.L), the renewable fuels company, announced today that the U.S. Department of Agriculture (USDA) has issued a Finding of No Significant Impact…

Fund raise of £6m million

Velocys intends to raise £6 million (gross) by way of a placing. Investor conference call Download full news release here. Velocys hosted an investor conference call on 26th July 2018. Listen to a recording here.    
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Velocys Company Life and Culture

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Velocys Frequently Asked Questions

  • When was Velocys founded?

    Velocys was founded in 2001.

  • Who are Velocys key executives?

    Velocys's key executives are Pierre Jungels, Sandy Shaw and John Tunison.

  • How many employees does Velocys have?

    Velocys has 103 employees.

  • What is Velocys revenue?

    Latest Velocys annual revenue is £759 k.

  • What is Velocys revenue per employee?

    Latest Velocys revenue per employee is £7.4 k.

  • Who are Velocys competitors?

    Competitors of Velocys include Bloom Energy, Makpetrol and ABO-Group.

  • Where is Velocys headquarters?

    Velocys headquarters is located at 115e Olympic Avenue, Milton Park, Abingdon, OX14 4SA, Milton.

  • Where are Velocys offices?

    Velocys has offices in Milton, Plain City and Houston.

  • How many offices does Velocys have?

    Velocys has 3 offices.