Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTAugust 27 (Renewables Now) - UK’s Velocys Plc (LON:VLS), a developer of sustainable fuels technology, said its Fischer–Tropsch (FT) technology has been selected for an e-fuels project in Japan.
Velocys said it was selected by Japan’s Toyo Engineering Corp (TYO:6330), which forms a consortium alongside Toshiba Energy Systems & Solutions Corporation, Toshiba Corp (TYO:6502), Idemitsu Kosan Co Ltd (TYO:5019), Japan CCS Co Ltd, and All Nippon Airways Co Ltd.
The consortium has been tasked by Japan’s ministry of the environment with implementing a demonstration project with the goal to commercialise sustainable aviation fuels (SAF) supply chain based on carbon recycling, Velocys said in the press release.
Velocys’s involvement in the project is subject to contract with Toyo.
The developer says its FT reactor can enable the production of SAF from household waste and woody biomass. The end product is a high-quality version of existing fuels, requiring no changes to engines or infrastructure, Velocys says on its website.
Weekly renewables M&A round-up (May 23-27)
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