Velocys Plc “Investment to pay off; Green Jet Fuel mandatory in EU” (LON:VLS)

Velocys plc
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Velocys plc (LON:VLS) is the topic of conversation when Co Fund Manager Gervais Williams of Premier Miton Investors caught up with DirectorsTalk for an exclusive interview to discuss the UK listed market and some of his holdings in Miton UK MicroCap Trust plc.

DirectorsTalk asked: Now, as it was Earth Day on 22 April, it would be amiss not mention a couple of green investments. Velocys plc (LON:VLS) is making tremendous strides to enable production of sustainable aviation fuel, what are your views?

Gervais Williams commented:

“Velocys, at this stage, is getting involved in the first production of jet fuel from household waste so it’s quite a big step for them and they’ve got plants going out with their technology.

At this stage, they don’t have significant revenue because the new plant isn’t open but given that yesterday the EU mandated that by 2040, jets would probably need 40% of sustainable fuel. In the short term, the share price has gone down, this is reflecting the overlooked nature of the UK stock market and anxiety about the future.

Specifically, the company in our view has invested, it’s getting to the finishing post in terms of that investment, as that becomes recognised, we’d like to think the valuation will rise considerably.”

Velocys plc is a United Kingdom-based sustainable fuel technology company. The Company is engaged in the engineering, manufacturing, development, and financing of sustainable fuel projects.

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