IChemE Innovative Product Awa

RNS Number : 7496V

Oxford Catalysts Group PLC

08 November 2010

 



8^th November 2010

OXFORD CATALYSTS GROUP PLC

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

IChemE Innovative Product Award Winner

Oxford Catalysts PLC, the leading technology innovator for clean synthetic fuels, is pleased to announce that it has won the Institution of Chemical Engineers' 2010 Innovative Product Award.

The honour was given in recognition of the Group's Fischer-Tropsch ("FT") technology for the production of clean synthetic fuels.

Roy Lipski, CEO of Oxford Catalysts Group said:

"We are delighted to receive this particularly prestigious honour. Our technology has the potential to change the way clean fuels are produced; we're pleased to receive this endorsement and recognition from our industry peers."

David Brown, CEO of the Institution of Chemical Engineers said:

"The IChemE Awards are globally recognised and attract entries from all over the world. Winning an award really does demonstrate work of the highest standard and there are plenty of winners from previous years that have used their success at the IChemE Awards as a springboard to greater things."

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For further information, please contact:

Roy Lipski, CEO, Oxford Catalysts	[phone]
Dan Harris, 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 80 employees with facilities near Abingdon, Oxfordshire, UK and Columbus, Ohio, USA.

www.oxfordcatalysts.com 

www.velocys.com 

About the IChemE

IChemE (Institution of Chemical Engineers) is the hub for chemical, biochemical and process engineering professionals worldwide. With a growing global membership of some 30,000, the Institution is at the heart of the process community, promoting competence and a commitment to best practice, advancing the discipline for the benefit of society, encouraging young people in science and engineering and supporting the professional development of its members.

www.icheme.org

About the IChemE Awards

The IChemE Awards for Innovation and Excellence, in association with tce magazine, recognise and reward chemical engineering innovation and excellence. Now in their 17^th year, the IChemE awards celebrate both individual and team achievement. The IChemE awards are recognised and highly regarded throughout the international chemical, process and biochemical engineering community.

www.icheme.org/awards 

 

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