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

Bunzl: boring is good for business
Share tips

Bunzl: boring is good for business

Food-service distribution company Bunzl is not a terribly exciting business, but it looks cheap and could be a great investment, says Rupert Hargreave…
30 Jun 2022
Five dividend stocks to beat inflation
Share tips

Five dividend stocks to beat inflation

During periods of high inflation, dividend stocks tend to do better than the wider market. Here, Rupert Hargreaves pick five dividend stocks for incom…
30 Jun 2022
Three Sharia-compliant growth companies
Share tips

Three Sharia-compliant growth companies

Professional investor Scott Klimo of the Saturna Al-Kawthar Global Focused Equity ETF tips three Sharia-compliant stocks.
30 Jun 2022
Why the cost of living crisis could be a boon for this cheap retailer
Retail stocks

Why the cost of living crisis could be a boon for this cheap retailer

Like many retailers, B&M is facing the dual headwinds of lower sales and higher costs as inflation bites. But its business model has proved hugely suc…
29 Jun 2022

Most Popular

Prepare your portfolio for recession
Investment strategy

Prepare your portfolio for recession

A recession is looking increasingly likely. Add in a bear market and soaring inflation, and things are going to get very complicated for investors, sa…
27 Jun 2022
Market crash: have we hit bottom or is there worse to come?
Stockmarkets

Market crash: have we hit bottom or is there worse to come?

For a little while, markets looked like they were about to embark on a full-on crash. And that could still happen, says Dominic Frisby. Today, he look…
27 Jun 2022
What the end of the 1970s bear market can teach today’s investors
Stockmarkets

What the end of the 1970s bear market can teach today’s investors

The 1970s saw the worst bear market Britain has ever seen, with stocks tumbling 70%. Things have changed a lot since then, says Max King. But there ar…
28 Jun 2022