A possible deal for Velocys reflects a challenging funding environment for the company but gives some hope of continuity for the business. It comes as we are seeing demand starting to emerge at scale for sustainable aviation fuel and power-to-X solutions where Velocys has been a standout technology. However, project development takes time and the company needs backing that can reflect this.
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Velocys - Potential Offer at 0.25p
- Published:
20 Nov 2023 -
Author:
Max Campbell -
Pages:
6 -
A possible deal for Velocys reflects a challenging funding environment for the company but gives some hope of continuity for the business. It comes as we are seeing demand starting to emerge at scale for sustainable aviation fuel and power-to-X solutions where Velocys has been a standout technology. However, project development takes time and the company needs backing that can reflect this.