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Velocys - Fund raise of approximately £18.4 million

David Pummel, CEO of Velocys plc, discusses the fund raising of approximately £18.4 million by way of a firm placing and placing and open offer. This financing ensures Velocys can take forward both the development of their second biorefinery in the US, targeting final investment decision around the middle of 2019 and completing the feasibility study for the third biorefinery in the UK.

David Pummell
Chief Executive Officer

Company Events - VELOCYS plc