VELOCYS has signed a collaboration agreement with Toyo Engineering to produce renewable fuels in Japan at commercial scale.
Velocys and Toyo have previously collaborated on a biomass-to-jet fuel demonstration plant in Japan, which included the delivery of Velocys’ Fischer-Tropsch (FT) technology. The new collaboration will evaluate the feasibility of a commercial-scale biomass-to-jet fuel facility in Japan. As well as granting Toyo the licence and technical services of the Velocys FT technology, the collaboration will also extend to supply the technology to other sustainable air fuels, e-fuels, and biomass-to-liquids projects in Japan.
Henrik Wareborn, CEO of Velocys, said: “Velocys has a long-standing relationship with Toyo Engineering and today’s collaboration agreement further supports this commitment. It indicates that Velocys is now firmly in the phase of delivering our commercial scale technology to our clients’ commercial projects.”
Haruo Nagamatsu, CEO of Toyo, said: “After the successful collaboration with the demonstration plant in Japan, we are pleased to be moving onto the next stage of the plan. The commercial deployment of the integrated technology that has been demonstrated during 2020, including the Velocys FT Technology, is now underway with the first stages of the engineering designs. We are pleased to be working with Velocys and their technical team and look forward to continuing our relationship.”
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