GTL Demonstration

RNS Number : 4044E

Oxford Catalysts Group PLC

18 December 2009

 



18th December 2009

OXFORD CATALYSTS GROUP PLC

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

GTL Demonstration

Oxford Catalysts Group PLC, the leading technology innovator for clean synthetic fuels, is pleased to announce that it has received confirmation from its partners Toyo Engineering Corporation and MODEC, INC. that they will be proceeding with the construction of an integrated Gas-to-Liquid ("GTL") demonstration plant based on the Group's microchannel and catalyst technology, and that they have secured a suitable demonstration site for it. 

The demonstration is expected to be constructed, installed and ready for operation in early 2011. 

Further details on the proposed site will be released in due course.

Roy Lipski, CEO of Oxford Catalysts Group said:

"We are delighted to have the go-ahead for the GTL demonstration and look forward to updating the market on this exciting development."

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For further information, please contact:

Roy Lipski, CEO, Oxford Catalysts	01235 841 700
Jonathan Marren / Oliver Stratton, KBC Peel Hunt (Nomad and Broker)	020 7418 8900
Billy Clegg / Alex Beagley, Financial Dynamics	020 7831 3113

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 the AIM market of the London Stock Exchange (LSE: OCG). The Group has some 90 employees with facilities near Abingdon, Oxfordshire, UK and Columbus, Ohio, USA.

www.oxfordcatalysts.com 

www.velocys.com 

 

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