By JJ Koczan2016-02-08T15:22:00+00:00
Velocys plc announces the appointment of David Pummell as CEO with immediate effect.
With over 30 years of energy and oil industry experience, David joins Velocys from ACAL Energy Ltd, a private equity backed fuel cell technology company developing products for the automotive and stationary power sectors, where he was CEO.
History of leadership
Prior to this, David was CEO of MAPS Technology Ltd, where he successfully commercialized the technology leading to its subsequent acquisition by GE, before becoming CEO of Ceres Power Group plc, a developer of fuel cell micro combined heat and power (CHP) products for the domestic stationary power sector. He began his career at BP plc as a chemical engineer before going on to hold a number of executive positions across the downstream business, including petrochemical manufacturing, supply chain, new business start-ups and a number of senior business and functional management roles during his 22 year tenure.
David Pummell, CEO of Velocys commented, “I admire the Velocys technology with its global market leading position in smaller scale GTL and impressive investor backing. I am delighted to be joining the company at such an exciting time and to continue building on an excellent foundation provided to globally commercialize the technology and grow the business at pace. I look forward to setting out my strategic vision for this growth in the coming months.”
Velocys, the technology innovator for smaller scale gas-to-liquids (GTL), is pleased to announce that its customer, Red Rock Biofuels, has been awarded a $70m grant to construct a biomass-to-liquids (BTL) plant incorporating Velocys Fischer-Tropsch (FT) technology.
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