Advertisement

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.

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.

Advertisement - Article continues below

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

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
What gold, bonds and tech stocks have in common
Stockmarkets

What gold, bonds and tech stocks have in common

"Risk off" or "safe haven" assets such as gold and government bonds have been doing well lately. But so have riskier tech stocks. That seems to defy c…
10 Jul 2020
House price crash: UK property prices are falling – so where next?
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020