Velocys, the sustainable fuels technology company, has announced the launch of its new 52,500 sq. ft technology facility in Plain City, Ohio that will house the reactor core assembly and catalysis operations which form a critical part of the production process for sustainable aviation fuel (“SAF”).
The new site enables the consolidation of Velocys’ catalysis services, microchannel reactor core assembly and technology licensing under one roof. The building’s construction began in mid-2022 and was finished by the end of the year with fit out completed over the Winter.
Following the completion of an Enterprise Zone agreement signed with Union County and Jerome Township, Ohio for a package of investment incentives and a grant received from JobsOhio, Velocys has already hired a number of senior personnel.
The Company is currently occupying the space with 20 employees and installing equipment which is expected to be fully commissioned for production from mid-2024. Eventually the facility will house approximately 35 employees when in full production.
The new site has the capacity to produce approximately 48 cores per year, enough to support 12 reactors which is the typical requirement for the operation of a single commercial scale SAF biorefinery, with a capacity to convert approximately 1TWh per year of energy.
Transpacific ocean rates increased slightly last week and are about 15% higher than at the start of December as frontloading ahead of expected tariffs is keeping vessels full.
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