Oxford Catalysts Wins Commerc

RNS Number : 4049I

Oxford Catalysts Group PLC

11 March 2010

 



11^th March 2010

OXFORD CATALYSTS GROUP PLC

("Oxford Catalysts" or "the Group")

Oxford Catalysts Wins Commercialisation Award

Oxford Catalysts Group PLC, the leading technology innovator for clean synthetic fuels, is pleased to announce that it has won the award for Excellence in the Field of Environmental Technology Commercialisation at the CleanEquity Monaco 2010 Awards.

The award was presented by H.S.H Prince Albert II of Monaco on the 5^th of March at the closing ceremony of the CleanEquity Monaco 2010 conference, Innovator Capital's third successive cleantech conference for business leaders. This year's invitation-only event hosted 36 next-generation companies from four continents, presenting to an audience of over 250 delegates from the investment, political, industry and media communities.

Roy Lipski, CEO of Oxford Catalysts Group said:

"Last year we were runners-up for the Excellence in Environmental Technology Development award, so we're very pleased, not only for progressing to the commercialisation category, but actually winning it.

"CleanEquity Monaco is one of the leading industry conferences, and with only three awards presented at the event, this is a substantial endorsement for Oxford Catalysts and its technologies."

Mungo Park, Chairman of Innovator Capital, host of the conference said:

"Oxford Catalysts progressing to win in its category demonstrates a depth and breadth in management, competitive advantage and potential CO₂ impact that has been recognised by successive judges. Its smaller scale Gas-to-Liquids technology has tremendous potential."

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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 Oxford, UK and Columbus, Ohio, USA.

www.oxfordcatalysts.com

www.velocys.com

 

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