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Velocys raised £52 million for smaller scale GTL


Published Sep 30, 2014
Velocys plc-2

Velocys plc (VLS.L) has raised £52 ($85) million (excluding expenses) through an oversubscribed equity placing, priced at a slight premium to the market price.

The new funds will be used to build upon the Company’s recent successes and maintain strong commercial momentum, helping to further accelerate adoption of Velocys technology following the start of construction of its first commercial project.

Tags: Velocys plc




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