Oxford Catalysts' annual revenue climbs

Oxford Catalysts Group, which supplies technology to gas-to-liquids companies, reported a 61 per cent rise in 2012 revenue on the back of demand for its products.

Oxford Catalysts Group, which supplies technology to gas-to-liquids companies, reported a 61 per cent rise in 2012 revenue on the back of demand for its products.

Revenue increased to £7.6m, compared to £4.7m in the prior year as the company scored new contracts.

The group's technology was selected for two commercial projects with potential revenues of over £160m.

Oxford also signed a partnership with Ventech Engineers, which focuses on design and fabrication of modular refineries.

"[Last year] was truly a milestone year for Oxford Catalysts," said Chairman Pierre Jungels.

"The group's unique and innovative technology has now been validated through successive field trials and through a thorough selection process for several commercial projects.

"With levels of interest in synthetic fuel production at smaller scales continuing to be strong, and a number of commercial projects progressing through engineering stages, 2013 looks set to be another pivotal year of commercial progress for the group."

Oxford's cash position was bolstered following completion of a £30.6m placing in January which will be used to develop and roll out technology.

This year the company expects results to be driven by availability of cheap gas, concerns over gas flaring and energy security, and demand for cleaner fuels.

Shares climbed 3.05% to 152.00p at 11:10 Tuesday.

RD

Recommended

The top funds to invest in now
Funds

The top funds to invest in now

As market volatility continues, here are the top funds, stocks and investment trusts investors are putting their money into, according to one investme…
2 Dec 2022
7 sin stocks to buy yielding up to 8%!
Share tips

7 sin stocks to buy yielding up to 8%!

Sin stocks don’t have the best reputation, but when it comes to investment returns, they’re certainly worth a closer look.
2 Dec 2022
Share tips of the week – 2 December
Share tips

Share tips of the week – 2 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
2 Dec 2022
3 emerging-market stocks to watch
Share tips

3 emerging-market stocks to watch

The top emerging-market stocks to keep an eye on, according to Union Bancaire Privée’s Eli Koen.
1 Dec 2022

Most Popular

Is it cheaper to leave the heating on low all day?
Personal finance

Is it cheaper to leave the heating on low all day?

The weather is getting colder and energy bills are rising, but is it really cheaper to leave the heating on low all day or should you only turn it on …
1 Dec 2022
Radiator vs electric heater – which is cheaper?
Personal finance

Radiator vs electric heater – which is cheaper?

We compare the costs, pros and cons of radiators and electric heaters and see which one will help keep your energy bill as low as possible.
28 Nov 2022
State pension errors – why tens of thousands of mothers could be missing out on millions in state pension payments
State pensions

State pension errors – why tens of thousands of mothers could be missing out on millions in state pension payments

LCP launches Mothers Missing Millions campaign amid DWP state pension errors.
3 Dec 2022