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Velocys confirms alliance with Morimatsu

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Hydrocarbon Engineering,

Velocys plc has announced that it has signed a definitive agreement covering its strategic alliance with Morimatsu (Jiangsu) Heavy Industry Co. Ltd, a subsidiary of Morimatsu Industry Co. Ltd (Morimatsu).

This agreement confirms the previously announced Memorandum of Understanding (MoU) between Velocys and Morimatsu. Morimatsu will be Velocys’ preferred supplier of modular design, engineering and fabrication services, supporting the Velocys offer of delivering fully integrated, fully financed, cost effective and operations-ready plants to its customers.

Velocys and Morimatsu are now working with Velocys’ other alliance partners to further reduce the costs, optimise engineering designs, accelerate pace and reduce overall risk, for delivering multiple GTL and biomass-to-liquids (BTL) plants to its chosen markets.

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