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Velocys Selected for Prestigious R&D 100 Award
A combined technical and business team at Velocys was selected for a R&D 100 award, one of the most prestigious honors bestowed in the field of technology research and development. The R&D 100 awards are presented annually by R&D Magazine to the 100 most innovative scientific and technical breakthroughs of the year. The Velocys team was awarded for their recent advancement of microchannel process technology applied to the Fischer-Tropsch process, which can convert a range of materials, including biomass and stranded natural gas, into ultra-clean transportation fuels.
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MODEC, Velocys, Inc and Toyo Engineering are working together to develop and implement gas to liquids (GTL) technology that will allow the offshore oil and gas industry to capture and monetize associated natural gas that is currently flared or re-injected into the reservoir.
For more information on Velocys, please see www.velocys.com.
For more information about Toyo Engineering, please see www.toyo-eng.co.jp/e/