Oxford Catalysts, which develops technology for the production of synthetic fuels, claims market conditions for distributed scale synthetic fuels production are better than at any other time in the firm's experience.
The statement has seen the stock gain 5% in morning trading.
The company says it is continuing to look at possible partnerships with major corporations for its technology.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It has already sold five so called "Fischer-Tropsch reactors" which convert natural gas, coal or bio-mass into high-performance liquid fuels.
Those orders are described as a "precursor to widespread adoption".
The company's Chief Executive, Roy Lipski, claimed "the group's had another successful year and continues to make good progress towards commercialisation with existing, new and potential partners."
BS
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
