Year of Establishiment 2001
Privately Traded
Aeadquarters: UK
Velocys offers patented technology that facilitates the production of drop-in, net-zero SAF, allowing for safe and efficient manufacturing on a commercial scale.
Key Facts
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SAF Production Capacity:
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SAF Production Target-:
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Current and Planned SAF Investments
In 2024, Velocys raised $40 million (€ 37.1m) as part of a take-private deal completed on January 18. The growth capital comes from a group of climate investors, including Carbon Direct Capital, Lightrock, GenZero, and Kibo Investments.
Altalto Immingham Ltd, a wholly owned subsidiary of Velocys plc, received a grant of up to £27 million in 2022 from the UK Department for Transport’s (“DfT”) Advanced Fuels Fund for the Altalto Immingham SAF project.
Tie-Ups
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Toyo Engineering Corporation (Toyo)
Feb 2021: Velocys and Toyo Engineering Corporation (Toyo) commenced the development of commercial projects for producing SAF and other renewable fuels in Japan.
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International Aviation Group (IAG)Nov 2021: IAG signed an MoU with Velocys to buy 220,000 tonnes of SAF over ten years, representing one-third of Velocys’ new Bayou Fuels project output in the US starting in 2026.
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BechtelJan 2023: Bechtel collaborated to create an EPC execution model for Velocys sustainable fuels projects. Additionally, under a distinct ongoing technical services agreement, Bechtel is also offering front-end project engineering and other technical support to aid in the advancement of the existing Velocys SAF project portfolio.
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Southwest AirlinesNov 2021: Southwest Airlines signed a 15-year offtake agreement with Velocys for 219 million gallons of SAF.