Statement Regarding Potential Reactor Sale

RNS Number : 0134U

Oxford Catalysts Group PLC

15 December 2011

 



15^th December 2011

OXFORD CATALYSTS GROUP PLC

("Oxford Catalysts" or "the Group")

Statement Regarding Potential Reactor Sale

Oxford Catalysts Group PLC, the leading technology innovator for synthetic oil production, confirms that it is in negotiations with an energy company for the sale of a single Fischer-Tropsch unit. There can be no certainty as to the outcome of the negotiations. A further announcement will be made when appropriate.  

- Ends -

For further information, please contact:

Oxford Catalysts Roy Lipski, CEO Susan Robertson, CFO	[phone] [phone]
Cenkos Securities (Nomad and Broker) Ken Fleming / Beth McKiernan	[phone] [phone]
FTI Consulting Billy Clegg / Alex Beagley	[phone]

Notes to Editors

Oxford Catalysts designs and develops technology for the production of synthetic oil from both conventional and renewable sources such as bio-waste. The Group is focused on the emerging market for distributed smaller scale production of synthetic oil via Fischer-Tropsch ("FT") synthesis − a market that has the potential of producing as much as 25 million barrels of fuel a day.

The FT reaction is used when converting natural gas, coal or bio-mass into clean high-performance synthetic oil, processes known as GTL, CTL and BTL respectively. The Group is the recognised world leader in the design and development of high-activity catalysts and associated novel chemical reactors for the smaller scale production of synthetic oil. (The Group's reactor technology − known as microchannel process technology − is marketed under the brand name of Velocys).

Oxford Catalysts Group PLC is listed on the AIM market of the London Stock Exchange (LSE: OCG). The Group has some 80 employees with facilities near Oxford, UK and Columbus, Ohio, USA.

www.oxfordcatalysts.com

www.velocys.com

 

END

 

 

STRDKQDBFBDDFBD