Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVLS.L Regulatory News (VLS)

  • There is currently no data for VLS

Ventech Order

10 Apr 2013 07:00

RNS Number : 9607B
Oxford Catalysts Group PLC
10 April 2013
 



10th April 2013

 

OXFORD CATALYSTS GROUP PLC

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

 

$8 million Ventech Reactor Order

 

Oxford Catalysts Group (OCG.L), the technology innovator for smaller scale Gas-to-Liquids (GTL), is pleased to announce that Ventech Engineers International LLC (Ventech) has placed an order with the Group for Fischer-Tropsch (FT) reactors worth $8 million.

 

This order, placed in accordance with the agreements between the parties announced on 19 November 2012, is expected to generate revenues to the Group of $8 million over the period of their fabrication, estimated at 18 months, with a minimum payment of $3.6 million guaranteed in 2013. The reactors will have sufficient capacity for a plant of approximately 1,400 bpd. At the time when they are transferred from Ventech to a plant owner, the Group expects to receive additional license and catalyst revenues.

 

Ventech, headquartered near Houston, Texas, is a global leader in the design and construction of modular refineries, and an early pioneer of modular GTL plants. Ventech's manufacturing complex specialises in completely assembled and tested modules that are easily transported by truck, rail, and barge. Through its affiliate, Ventech Project Investments LP, it has $200 million available to make equity investments in energy projects, including GTL plants.

 

In November 2012, Oxford Catalysts and Ventech announced that they had entered into a series of agreements whereby the Group became Ventech's preferred supplier of FT technology in North America, and Ventech was granted non-exclusive assured access to design, sell and deliver GTL plants incorporating the Group's FT product to customers in North America. In collaboration with the Group, Ventech has developed the design for a fully integrated, shop fabricated, modular GTL plant.

 

Roy Lipski, CEO of Oxford Catalysts Group, said:

 

"We are delighted to receive this order from Ventech and to further cement our partnership with them. It represents another important milestone in the commercialisation of our technology and will allow us to consolidate the readiness of our supply chain for large volume orders."

 

Kevin Stanley, CEO of Ventech Engineers International, said:

 

"We are pleased to be moving our relationship with Oxford Catalysts to the next stage. We continue to see many opportunities for modular GTL and are looking forward to building the first plant of its kind in North America."

 

- Ends -

 

For further information, please contact:

 

Oxford Catalysts

Roy Lipski, CEO

Susan Robertson, CFO

 

 

+1 614 733 3300

+44 (0)1235 841 700

Lionsgate Communications

Jonathan Charles / Jessica Johnson

 

+44 (0)7791 892 509

 

Cenkos Securities (Nomad and Joint Broker)

Ken Fleming / Neil McDonald

 

+44 (0)20 7397 8900

+44 (0)131 220 9772/1

Numis Securities (Joint Broker)

Alex Ham

+44 (0)20 7260 1000

 

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 85 employees with facilities near Oxford, UK and Columbus, Ohio, USA.

 

www.oxfordcatalysts.com

www.velocys.com

About Ventech

Ventech Engineers International LLC is a global leader in the design and construction of modular refineries, plant relocations, and specialised market appraisals for the refining industry. It has offices in Texas, Moscow, and the Philippines.

 

www.ventech-eng.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSSEFMUFDSEDL
Date   Source Headline
2nd Sep 20157:00 amRNSManufacture of reactors and catalyst complete
1st Sep 20159:30 amRNSTotal Voting Rights
11th Aug 20157:00 amRNSDirectorate Change
6th Jul 20157:00 amRNSSuspension of Director
2nd Jul 20159:44 amRNSBlocklisting Interim Review
23rd Jun 201512:29 pmRNSResult of AGM
2nd Jun 20157:00 amRNSHolding(s) in Company
28th May 20157:00 amRNSHolding(s) in Company
26th May 20154:07 pmRNSHolding(s) in Company
22nd May 20152:00 pmRNSPosting of Annual Report & Accounts; Notice of AGM
21st May 20157:00 amRNSHolding(s) in Company
18th May 201510:33 amRNSHolding(s) in Company
15th May 20157:00 amRNSHolding(s) in Company
28th Apr 20157:00 amRNSFinal results for the year ended 31 December 2014
2nd Mar 20155:06 pmRNSTotal Voting Rights
27th Feb 20157:55 amRNSGrant of share-based incentive awards
25th Feb 20154:07 pmRNSHolding(s) in Company
23rd Feb 20154:40 pmRNSResult of General Meeting
5th Feb 20155:10 pmRNSNotice of General Meeting
3rd Feb 201512:34 pmRNSTotal Voting Rights
20th Jan 20157:00 amRNSHolding(s) in Company
9th Jan 20158:34 amRNSAppointment of Senior Independent Director
8th Jan 20157:00 amRNSCompactGTL's permission to appeal refused
2nd Jan 20153:16 pmRNSTotal Voting Rights
2nd Jan 20153:12 pmRNSBlocklisting Interim Review
16th Dec 20149:30 amRNSDirector share dealing
16th Dec 20147:00 amRNSHolding(s) in Company
3rd Dec 20147:00 amRNSHolding(s) in Company
1st Dec 20143:08 pmRNSTotal Voting Rights
26th Nov 20144:59 pmRNSHolding(s) in Company
3rd Nov 20145:36 pmRNSTotal Voting Rights
22nd Oct 20145:55 pmRNSHolding(s) in Company
21st Oct 201411:34 amRNSHolding(s) in Company
20th Oct 20145:51 pmRNSHolding(s) in Company
17th Oct 20142:53 pmRNSPlacing Approved
3rd Oct 20148:25 amRNSVelocys wins injunction against CompactGTL
29th Sep 20147:00 amRNS£52 million for smaller scale GTL
29th Sep 20147:00 amRNSHalf Yearly Report
22nd Sep 201410:10 amRNSVelocys wins patent case
22nd Sep 20147:00 amRNS$70 million construction grant
1st Aug 20143:58 pmRNSTotal Voting Rights
29th Jul 20147:00 amRNSCommercial GTL plant go-ahead
4th Jul 20145:12 pmRNSTotal Voting Rights
4th Jul 201410:24 amRNSBlocklisting Interim Review
3rd Jul 20145:00 pmRNSHolding(s) in Company
25th Jun 20147:00 amRNSAcquisition of Pinto Energy and Ashtabula GTL
18th Jun 20145:00 pmRNSHolding(s) in Company
10th Jun 201412:26 pmRNSResult of AGM
4th Jun 20144:56 pmRNSHolding(s) in Company
3rd Jun 20144:51 pmRNSTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.