Velocys welcomes Ann Markey and Tom Quigley to its Board as Independent Directors

– UK, Harwell –  Velocys plc (LON: VLS), the sustainable fuels technology company, today announced the appointments of Ann Markey and Tom Quigley to its Board as Independent Non-Executive Directors effective from 26 July 2021.

“I am delighted to welcome Ann and Tom to the Velocys Board of Directors. As Velocys is now focused on commercialisation and technology deployment, the background, skills, clean tech market and finance experience that both Ann and Tom bring to the Board will significantly enhance our Board. I look forward to working with both as we make further progress in the commencement of FEED activity for our reference projects, and the future sales of reactors and catalysts to third party project developers.”said Board Chair, Phil Holland.

Ann Markey will join the Audit, Risk & Sustainability, and Disclosure Committees with immediate effect and will be appointed as Chair of the Audit Committee with effect 30 September 2021.

Tom Quigley will join the Remuneration, Audit, and Risk & Sustainability Committees with immediate effect and will be appointed as Chair of the Remuneration Committee with effect 30 September 2021.

About Ann Markey

Ann Markey holds a degree in Civil Law and is an ACA qualified accountant with strong experience in finance leadership and infrastructure and decarbonisation policy development in the renewables energy sector. She is currently a Non-Executive Director of the Sustainable Energy Authority of Ireland, the governing body responsible for the delivery of a number of key decarbonisation objectives for Ireland and is a Non-Executive Director of Foresight Solar Fund Limited, the London listed renewable energy investment company, which has a diverse portfolio of ground based solar PV assets in the UK, Spain and Australia. In addition, Ann is a Non-Executive member of the Audit & Risk Committee of the Health Service Executive, Ireland’s national public health service provider and until June 2021 a Non-Executive Director of the Digital Hub Development Agency, Ireland’s largest cluster of digital companies.

Ann Markey was a senior executive with ESB, a leading Irish utility, and with Greencoat Capital, a leading renewable energy investment manager. She is a former director with the Irish Venture Capital Association, the representative body for enterprises involved in the venture capital industry.

About Tom Quigley

Tom Quigley is an ACA qualified accountant and joins Velocys as an experienced Non-Executive Director within the waste to clean energy and financial investment sectors.

Tom is currently a Non-Executive Director of EQTEC plc, the AIM-Listed waste gasification technology company. He also holds Non-Executive roles with Skipton International Ltd, an offshore savings bank and mortgage lender and Barchester Healthcare. Furthermore, Tom is currently Director and Chair of the Audit Committee of The States of Jersey Development Company and an Advisory Board Member of UBS Channel Islands.

Tom Quigley has had a successful career in the City of London in corporate finance as Managing Director for Close Brothers and ING Barings. Subsequently Tom held positions at Terra Firma Capital Partners, WP Carey and ETF Securities bringing with him a wealth of finance experience and City contacts.

About Velocys

Velocys is an international UK-based sustainable fuels technology company. Velocys designed, developed and now licenses proprietary Fischer-Tropsch technology for the generation of clean, low carbon, synthetic drop-in aviation and road transport fuel from residual woody biomass and municipal solid waste.

Velocys is at present developing two reference projects: one in Natchez, Mississippi, USA (incorporating Carbon Capture, Utilisation, and Storage) and one in Immingham, UK, to produce fuels that significantly reduce both greenhouse gas emissions and key exhaust pollutants for aviation and road transport. Originally a spin-out from Oxford University, in 2008 the Company acquired a US company based on complementary reactor technology developed at the Pacific Northwest National Laboratory. Velocys is headquartered in Oxford in the United Kingdom.

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