Velocys agrees return of FT reactors from ENVIA
Velocys has executed an agreement with ENVIA Energy, it announced on Wednesday, which officially completes the return of ownership of the two Velocys FT reactors to the company from ENVIA, upon the conclusion of the new technology demonstration run at the ENVIA site in Oklahoma City, which was completed last year.
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The AIM-traded firm said the return of the catalyst and reactors to Velocys was intended under the terms of the original site license agreement with ENVIA.
It said the two reactors were transferred to the Velocys facility in Plain City, Ohio late last year for catalyst discharge.
An initial review of the reactors concluded both reactors had met expected performance and durability measures throughout the allowed operating envelope, the board reported.
“The Velocys FT reactors produced more than 1.6 million litres of fuels and waxes over the course of this new technology demonstration at ENVIA,” said Velocys chief executive officer Henrik Wareborn.
“We are pleased that our post-decommissioning review of the units further shows they performed as designed not only on start-up, but also over a significant period of time.
“These two reactors and the associated performance data and learnings from ENVIA will be very valuable for Velocys and our project partners as we proceed with the development of our two commercial scale biorefineries in Immingham, UK and Natchez, Mississippi.”