Commercial Order (1825V)
January 09 2012 - 2:00AM
UK Regulatory
TIDMOCG
RNS Number : 1825V
Oxford Catalysts Group PLC
09 January 2012
9(th) January 2012
OXFORD CATALYSTS GROUP PLC
("Oxford Catalysts" or "the Group")
Commercial Order
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
8900
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.
www.oxfordcatalysts.com
www.velocys.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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