Abramovich ups stake in Velocys

(Source: Getty)
Chelsea football club owner and Russian billionaire Roman Abramovich has increased his stake in innovative fuel firm Velocys, boosting his voting share to 5.33 per cent of the company. Velocys works on converting gas into liquid fuels, and has also pioneered research into transforming household waste into useable fuel. Abramovich, acting though Ervington Investments, already had a 3.5 per cent stake in the firm.