Green Car Congress  
Home Topics Archives About Contact  RSS Headlines

« Toyota continues to prepare the market for fuel cell vehicle in 2015 | Main | Volvo Car Group tests road-embedded magnets for accurate positioning of self-driving cars »

Print this post

Velocys and Shiloh in new GTL manufacturing partnership and share purchase agreement

11 March 2014

Velocys plc, a developer and supplier of smaller scale gas-to-liquids (GTL) technology, announced a new manufacturing partnership with and new share purchase by Shiloh Industries, Inc.

Velocys and Shiloh have been working together since 2012 to develop and implement economic, high quality mass-manufacturing capabilities for the Company's Fischer-Tropsch (FT) reactors, based on advanced manufacturing technology and quality systems from the automotive industry. Together with Shiloh, Velocys’ supply chain can support annual FT reactor orders sufficient for 10,000 bpd of production, and plans are in place enabling expansion to 40,000 bpd in time for order growth.

Shiloh is a North American supplier of engineered metal products and light weighting solutions to the automotive industry.

Velocys and Shiloh have agreed to preferentially work together to improve the Velocys’ FT reactor manufacturing, and, over time, to enhancing the effectiveness of the whole GTL plant, as well as exploring other opportunities in the oil and gas market. Shiloh is investing several million in manufacturing resources for Velocys, and is making available to the partnership a dedicated team of engineers.

Shiloh will also purchase 601,326 new ordinary shares in Velocys at a price of 200p (US$3.33) per share.

March 11, 2014 in Brief | Permalink | Comments (0) | TrackBack (0)


TrackBack URL for this entry:

Listed below are links to weblogs that reference Velocys and Shiloh in new GTL manufacturing partnership and share purchase agreement:


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Green Car Congress © 2017 BioAge Group, LLC. All Rights Reserved. | Home | BioAge Group