Historical Stock Chart
5 Years : From Dec 2011 to Dec 2016
RNS Number : 1825V
Oxford Catalysts Group PLC
09 January 2012
9(th) January 2012
OXFORD CATALYSTS GROUP PLC
("Oxford Catalysts" or "the Group")
Oxford Catalysts Group PLC, the leading technology innovator for synthetic oil production, is pleased to announce that it has received an order for its Fischer-Tropsch ("FT") product from a diversified energy company, following successful conclusion of negotiations announced on 15(th) December.
The order is for a full scale FT unit (with a nominal capacity of over 25 bpd), to be delivered within two months. It will be installed and operated at one of the company's existing facilities during the first part of 2012. The company intends to aggressively pursue production of synthetic oil through medium scale modular facilities located at their sites internationally. The operation of this initial FT unit will provide detailed engineering parameters for the first such synthetic fuels plant, the design of which is due to begin in the first half of the year.
This is the Group's fourth sale of FT reactors and catalyst, following separate orders for units by SGC Energia, SGPS, S.A. in December 2010 and April 2011, and by a Fortune 500 company in July 2011.
Roy Lipski, CEO of Oxford Catalysts Group said:
"We're pleased to have made another commercial sale - every unit that is operational in the field gets us closer to mass adoption. We're enthusiastic about the prospect of developing business with this company and of becoming a central part of their synthetic fuels strategy."
- Ends -
For further information, please contact:
Oxford Catalysts +44 (0)20 7831
Roy Lipski, CEO 3113
Susan Robertson, CFO +1 614 733 3300
+44 (0)20 7397
Cenkos Securities (Nomad and Broker) +44 (0)131 220
Ken Fleming / Beth McKiernan 9778
FTI Consulting +44 (0)20 7831
Billy Clegg / Alex Beagley 3113
Notes to Editors
Oxford Catalysts designs and develops technology for the production of synthetic oil from both conventional and renewable sources such as bio-waste. The Group is focused on the emerging market for distributed smaller scale production of synthetic oil via Fischer-Tropsch ("FT") synthesis - a market that has the potential of producing as much as 25 million barrels of fuel a day.
The FT reaction is used when converting natural gas, coal or bio-mass into clean high-performance synthetic oil, processes known as GTL, CTL and BTL respectively. The Group is the recognised world leader in the design and development of high-activity catalysts and associated novel chemical reactors for the smaller scale production of synthetic oil. (The Group's reactor technology - known as microchannel process technology - is marketed under the brand name of Velocys).
Oxford Catalysts Group PLC is listed on the AIM market of the London Stock Exchange (LSE: OCG). The Group has some 80 employees with facilities near Oxford, UK and Columbus, Ohio, USA.
This information is provided by RNS
The company news service from the London Stock Exchange