RNS Number : 4111A
Oxford Catalysts Group PLC
01 February 2011
1st February 2011
OXFORD CATALYSTS GROUP PLC
("Oxford Catalysts" or "the Group" or "the Company")
Rushlight Awards Double Winner
Oxford Catalysts PLC, the leading technology innovator for clean synthetic fuels, is pleased to announce that it has won the Rushlight Fossil Fuels award 2010 and the overall Rushlight Energy Environmental category award for 2010.
Oxford Catalysts received these awards in recognition of the Group's technology for the production of clean synthetic fuels from gas that is currently flared, and its significant potential contribution to the reduction in the environmental impact of fossil fuels.
Roy Lipski, CEO of Oxford Catalysts Group said:
"We are pleased to accept this double accolade in recognition of the environmental and commercial significance of our technology for the sustainable use of gas, monetisation of small to medium size gas fields and the cessation of flaring."
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For further information, please contact:
Roy Lipski, CEO, Oxford Catalysts
+1 614 733 3300
Ken Fleming/Beth McKiernan, Cenkos Securities (Nomad and Broker)
020 7397 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.
About the Rushlight Awards
The Rushlight Awards are a celebration and a promotion of new technology, innovation and best practice across the whole environmental spectrum for organisations throughout the UK and Ireland. They are designed to highlight innovation and the holistic environmental benefit of emerging technologies, and reflect the development of the cleantech sector. The Rushlight Awards are judged by leading independent experts in their fields.
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