Manufacturing Biz #2 - Magazine - Page 37
and leadership team to deliver for SAF
project partners. We are pleased to be part
of this investor consortium and to support
Henrik and the Velocys team.” Kevin Bone,
Partner at Lightrock, said:
“We are delighted to
be partnering with
Velocys as it takes
the next steps in its
journey to becoming
the leading provider
of SAF solutions to
the aviation industry.
-Kevin Bone,
Partner at Lightrock
This critical objective requires long-term
backing with the requisite experience of
supporting industrial companies as they
seek to realise their potential. I have no
doubt that
this consortium
is best placed to
do just that.” May
Liew, Investment
Director at GenZero,
said: “Decarbonising the
global aviation industry
will require innovative
solutions that can be adopted
with ease and at scale. This is
where Velocys’ pioneering
Fischer-Tropsch reactor is relevant,
with it's modularity and efficiency
to support the development of
advanced biofuel applications. By
leveraging technology to transform
waste materials into sustainable aviation
fuel, Velocys is well positioned to play a
key role in scaling the use of low-carbon
fuels to pave the way towards net-zero
aviation.”
Henrik Wareborn, Chief Executive Officer of
Velocys, said: “The deal secures the future
of Velocys, our pioneering technology and
our industry leading talent, allowing us
to keep our foot on the accelerator as we
continue to lead the way in innovative
sustainable aviationfuel solutions as we
enter an inflection point for our industry.
For the past twenty years Velocys has
had a critical role in the development of
reactors, technology and processes which
enable the efficient production of lower
carbon SAF, and we and our new partners
are excited to see what the next twenty will
bring.”
www.biz4Biz.org
37