News & Press
Velocys Acquires Lease on Production Facility
Investment in Union County will Bring a New 52,000-Square-Foot Facility to Union County
Company Name: Velocys, Inc.
Location: Jerome Township
Site Region: Central
Country of Origin:
- Country: United Kingdom
- Region: Europe
Industry Sector: Shale Energy and Petrochemicals
Company Profile: Velocys is an international UK-based sustainable fuels technology company. Velocys designed, developed, and now licenses and manufactures the world’s most compact, commercially ready, patented Fischer-Tropsch reactor for the synthesis of hydrocarbons.
Company Website: www.velocys.com
Project Summary:
Type of Project: Expansion
Jobs:
- Jobs committed: 19
- Jobs retained: 14
Capital Investment: $8,500,000
Timetable: The company is hiring for roles in engineering, operations, chemistry and technical services.
Company Need:
Compared to fossil-based jet fuel, synthetic drop-in fuel developed with Velocys’ technology has lower sulfur oxide, nitrogen oxide, and particulate matter emissions when combusted in conventional engines and turbines. The company, which currently employs 15 in the Columbus Region, has historically assembled several key components at a third-party facility in Alabama. Bringing this highly specialized purpose-built facility for reactor core assembly in-house will allow Velocys to fully utilize its Fischer-Tropsch synthesis proprietary knowledge and the expertise it has developed and demonstrated over its more than 20 years of existence.
Testimonial:
Why Ohio?
Manufacturing operations in the Columbus Region are diverse, spanning industries from automotive and electronics to machinery, materials, aerospace, and consumer goods. The Region is home to over 1,700 manufacturing establishments with nearly 90,000 employees, resulting in more than $15 billion in annual economic output. Businesses in the Region have access to a steady pipeline of talent, fed by numerous career and technical training centers that partner with businesses to provide the training and skills needed for manufacturing.
Collaborators:
- JobsOhio, One Columbus, Union County