Ashtabula GTL Plant Builder Velocys Gets New CEO

MDN Update: Velocys’ former CEO, Roy Lipski, contacted MDN to express concern that our reference to an¬†earlier story about his departure (the way we present it) is misleading and harmful. We apologize. Roy points out that although he left the company, there was, after an investigation, no finding of any wrongdoing.¬†

UK-based Velocys is the company building the Ashtabula, OH Gas-to-Liquids (GTL) plant to convert natural gas into other hydrocarbons like diesel fuel and even gasoline. In July 2015, Velocys suspended its CEO, Roy Lipski, for potential misconduct (see Velocys GTL Company Suspends CEO for Possible Serious Misconduct). Velocys said at the time there was no financial misconduct involved (which makes you wonder just what did happen), and a month later, in August, Lipski left the company for good. It’s taken a while, but Velocys has finally located a new CEO. Yesterday they announced the appointment of David Pummell as the next CEO…

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