Oxford Catalyst claims things have never been better
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.
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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published