Energy Institute Innovation A

RNS Number : 9374C

Oxford Catalysts Group PLC

24 November 2009

 



24th November 2009

OXFORD CATALYSTS GROUP PLC 

("Oxford Catalysts" or "the Group" or "the Company")

Energy Institute Innovation Award Winner

Oxford Catalysts Group PLC, the leading technology innovator for clean synthetic fuels, is pleased to announce that it has won the prestigious Energy Institute Innovation Award for 2009, for its Fischer-Tropsch technology and its use in distributed production of third generation biofuels.

The Energy Institute ("EI") is the leading professional body for those working and concerned with energy in society. The EI Innovation Award has been presented annually since 2000; it recognises major advances that have clear demonstrable benefits over existing methods, with strong cost-effective development prospects. There were six finalists for the 2009 award, sponsored by Exxon Mobil, including Shell UK.

Roy Lipski, Chief Executive of Oxford Catalysts said:

"I am pleased that our technology and its application to the pressing energy and environmental challenges of society are being recognised by the industry. 

"Successful commercialisation of our technology will have a significant positive impact on the way the world produces renewable synthetic fuels." 

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Roy Lipski, CEO / Derek Atkinson, Business Development Director, Oxford Catalysts	[phone]
Billy Clegg / Alex Beagley, Financial Dynamics	[phone]

Notes to Editors

Oxford Catalysts designs and develops technology for the production of clean synthetic fuels from both conventional fossil fuels and renewable sources such as biowaste. The Group is primarily focused on the emerging market for distributed smaller scale production of synthetic fuels 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 liquid synthetic fuels, 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 small scale production of synthetic fuels. (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 London's AIM market (LSE: OCG). The Group has some 90 employees with facilities near Abingdon, Oxfordshire, UK and Columbus, Ohio, USA.

www.oxfordcatalysts.com 

www.velocys.com 

About The Energy Institute

The Energy Institute, based in London, is the leading chartered professional body for those working and concerned with energy in society. Its purpose is to promote good practice and professionalism across the industry. It aims to provide a powerful voice to engage business, industry, government, academia and the public, and to promote safe, environmentally responsible and efficient supply and use of energy in all its forms and applications.

www.energyinst.org.uk

 

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