Houston, United States
Velocys, a UK-based company founded in 2004, specializes in sustainable fuels technology. Their proprietary Fischer-Tropsch technology converts diverse carbon sources, such as residual woody biomass and CO2, into clean, low-carbon aviation and road transport fuels. This innovation positions Velocys prominently in the Energy, Renewable Energy, and Oil and Gas industries.
The company is spearheading two key projects in Natchez, Mississippi, and Immingham, UK, aiming to deliver net negative carbon emissions through carbon sequestration integration. Originating from Oxford University, Velocys has evolved since acquiring complementary reactor technology from a US firm, establishing its headquarters in Oxford.
Owned by a consortium of impact investors focused on climate change, including Carbon Direct Capital, Lightrock, GenZero, and Kibo Investments, the company recently secured a $40.00M venture round investment on 06 February 2024. This investment underscores strong investor confidence in its potential to revolutionize the sustainable fuels sector.
