Velocys has shown real progress in the first half of FY 20 and done this while significantly reducing costs. This reflects the company’s move to a more efficient development strategy focused on demonstration projects followed by a licencing and royalty model. We see the interim numbers and achievements as evidence of this strategy paying off and we think it leaves the company well placed to maximise development going forward.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Velocys - Interims
- Published:
13 Oct 2020 -
Author:
Adam Forsyth -
Pages:
6
Velocys has shown real progress in the first half of FY 20 and done this while significantly reducing costs. This reflects the company’s move to a more efficient development strategy focused on demonstration projects followed by a licencing and royalty model. We see the interim numbers and achievements as evidence of this strategy paying off and we think it leaves the company well placed to maximise development going forward.