World XTL 2010 Award Winner

RNS Number : 7438L

Oxford Catalysts Group PLC

12 May 2010

 



12^th May 2010

OXFORD CATALYSTS GROUP PLC

("Oxford Catalysts" or "the Group")

World XTL 2010 Award Winner 

Oxford Catalysts Group PLC, the leading technology innovator for clean synthetic fuels, is pleased to announce that it has won the 2010 World XTL Award, presented by Guy de Kort, Vice President of XTL at Shell Projects and Technology.

The World XTL Award was established in 2006 to celebrate excellence and encourage innovation in the synthetic fuels sector. It is widely regarded as the most important award in the industry. The 2010 winner was chosen by a panel of leading industry experts from a shortlist of nominees that also included ENI / IFP / Axens, Oryx GTL, Shell and Technip.

Roy Lipski, CEO of Oxford Catalysts Group said:

"We are pleased to receive this recognition from our industry peers, and to join the illustrious list of past winners that includes Shell, Sasol, and Statoil.

"This award is further validation of our progress towards being the recognised leading provider of small scale synthetic fuels technology, in time for when the market really takes off."

- Ends -

For further information, please contact:

Roy Lipski, CEO, Oxford Catalysts	01235 841 700
Jonathan Marren / Oliver Stratton, KBC Peel Hunt (Nomad and Broker)	020 7418 8900
Billy Clegg / Alex Beagley, Financial Dynamics	020 7831 3113

Notes to Editors

Oxford Catalysts designs and develops technology for the production of clean synthetic fuels from both conventional fossil fuels and renewable sources such as biowaste. The Group is primarily focused on the emerging market for distributed smaller scale production of synthetic fuels 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 liquid synthetic fuels, 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 small scale production of synthetic fuels. (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 90 employees with facilities near Oxford, UK and Columbus, Ohio, USA.

www.oxfordcatalysts.com

www.velocys.com

About the World XTL Summit

Organised by The CWC Group, the World XTL Summit is the leading annual conference for the XTL industry, from resource holders and project developers, through technology suppliers to end-users. The 2010 World XTL Summit is the 10^th consecutive year of the conference.

www.cwcxtl.com

 

END

 

 

NRAKMGMKVMRGGZM