Brazil Business Development Initiative

RNS Number : 9146M

Oxford Catalysts Group PLC

03 September 2013

 



3^rd September 2013

OXFORD CATALYSTS GROUP PLC

("Oxford Catalysts" or "the Group" or "the Company")

Brazil Business Development Initiative

Oxford Catalysts Group PLC (OCG.L), the technology innovator for smaller scale Gas-to-Liquids (GTL), is pleased to announce that it has signed an agency agreement with Tecnoil Comércio e Representações Ltda. ("Tecnoil") for the development of business in Brazil.

Tecnoil is one of the leading sales agencies for the energy and infrastructure industries in Brazil and Latin America. This agreement represents an important step for the Group as it seeks to accelerate the development of projects in support of Brazil's rapidly growing oil and gas industry.

Roy Lipski, CEO of Oxford Catalysts Group, said:

"We're delighted to be working with Tecnoil whose track record in Brazil is truly impressive. We're excited by the prospects for smaller scale GTL in this region, both onshore and offshore."

Atilio Somaglino, CEO of Tecnoil, said:

"We evaluated the various suppliers of smaller scale GTL and are very pleased to be working with Velocys, the leaders in this market. We look forward to helping them realise the potential of GTL in Brazil."

- Ends -

For further information, please contact:

Oxford Catalysts Roy Lipski, CEO Susan Robertson, CFO	[phone] [phone]
Numis Securities (Nomad and Broker) Alex Ham - Corporate Broking Stuart Skinner / Jamie Lillywhite - Nominated Advisor	[phone]
Lionsgate Communications Jonathan Charles / Jessica Johnson	[phone]

Notes to Editors

Oxford Catalysts enables Gas-to-Liquids (GTL) plants to convert unconventional, remote and problem gas into valuable liquid fuels. Systems based on the Group's technology (marketed under the brand name Velocys) are significantly smaller than those using conventional technology, enabling modular plants that can be deployed cost effectively in remote locations and on smaller fields than is possible with competing systems. Together with world-class partners, Oxford Catalysts provides complete smaller scale modular GTL solutions that address an untapped market of up to 25 million barrels of fuel a day.

Oxford Catalysts Group PLC is listed on the AIM market of the London Stock Exchange (LSE: OCG). The Group has some 90 employees with facilities near Oxford, UK and Columbus, Ohio, USA.

Oxford Catalysts Group PLC is changing its name to Velocys plc on 25^th September 2013.

www.oxfordcatalysts.com

www.velocys.com

About Tecnoil

Over the past 30 years, Tecnoil Comércio e Representações Ltda., headquartered in Rio de Janeiro, has emerged as a major player in the Brazilian energy market. Through its focus on leading-edge technologies, Tecnoil has successfully developed new markets and remained at the forefront of the rapidly developing energy industry in Brazil. Its clients include Sofec, Aker Pusnes AS, Dunlop, MODEC and others.

www.tecnoil.com.br

 

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