Oxford Catalysts receives sizeable order for reactors

OXford Catalysts Group, a technology innovator for smaller scale Gas-to-Liquids (GTL), has received an order from Ventech Engineers International worth eight million dollars over an 18 month period.

The order is for its Fischer-Tropsch reactors, which will have the capacity for a plant of around 1,400 barrels per day.

Oxford Catalysts said that at the point of transfer from Ventech to a plant owner, it expects to receive additional licence and catalyst revenues.

Roy Lipski, the Chief Executive Officer of Oxford Catalysts Group, said: "We are delighted to receive this order from Ventech and to further cement our partnership with them.

"It represents another important milestone in the commercialisation of our technology and will allow us to consolidate the readiness of our supply chain for large volume orders."

The order follows an agreement that was announced back in November, when the two companies entered into a series of agreements whereby Oxford became Ventech's preferred supplier of Fischer-Tropsch technology in North America, and Ventech was granted non-exclusive assured access to design, sell and deliver GTL plants incorporating Oxford's Fischer-Tropsch product to customers in North America.

Oxford Catalyst's share price rose 8.23% to 167.75p by 09:00 Tuesday.

NR