Gas-to-liquids technology specialist Velocys has appointed David Pummell as its new chief executive.
Pummel, who takes up his role with immediate effect, joins from fuel cell technology firm ACAL Energy, where he was chief executive, developing products for the automotive and stationary power sectors.
He was previously CEO of MAPS Technology Ltd, where he successfully commercialised the technology leading to its subsequent acquisition by GE, before becoming CEO of Ceres Power Group a developer of fuel cell micro-combined heat and power (CHP) products for the domestic stationary power sector.
Pummel said: “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 continue building on an excellent foundation provided to globally commercialise the technology and grow the business at pace.
Velocys chairman Pierre Jungels, said: “The board is delighted to welcome David as Velocys’ new CEO to lead the company during its commercial phase. David’s appointment completes the company’s strong and established senior management team and we all look forward to working with him going forward.”
Roy Lipski, Velocys’ former chief executive, left the company in August by mutual consent.
Velocys, has been at the forefront of smaller scale GTL production. It turns natural gas (or biomass) into premium liquid products, such as diesel and jet fuel, adding value to shale gas and making stranded or flared gas economic.
The company has over 100 employees based in its commercial centre in Houston, Texas and technology centres near Columbus, Ohio and Oxford, UK.
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