LONDON (Alliance News) - Velocys PLC on Monday said it will net USD4.2 million from the transfer of rights for the ENVIA
Energy LLC's gas-to-liquids plant in Oklahoma City, US, to another partner in the project.
The product meets Arkema's EnVia
standards for raw materials that contribute to sustainable formulating.
The head of that agency, Arun Majumdar, was ready to unveil one of its first major successes: a battery cell, developed by the startup Envia
, that could store twice as much energy as a conventional one.
In January 2011, GM invested in battery maker Envia
Systems, a California-based start-up that is working to develop more powerful and cheaper batteries for electric vehicles.