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.

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

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?
Bitcoin

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?

Dogecoin – a cryptocurrency created as a joke – has risen by more than 9,000% this year alone. Saloni Sardana looks at how something that began as an …
19 Apr 2021
Lab-grown meat: how “moo’s law” will drive innovation
Soft commodities

Lab-grown meat: how “moo’s law” will drive innovation

Jim Mellon and Anthony Chow, co-founders of Aim-listed Agronomics, explain why they believe that “cellular agriculture” will benefit from massive long…
16 Apr 2021
The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021