News from the Oxford Catalysts Group - September 2011
Welcome to the OCG Speed Read, a quarterly e-mail bulletin reporting on news and activities at Oxford Catalysts and Velocys. This, our first edition in a new format, is being sent at a pivotal moment for our company and the markets we serve. After nearly 10 years in development, our microchannel reactors and advanced catalysts are beginning to find footholds in commercial markets. This is due to excellent work by our team, a drive for alternative fuels, and favourable market conditions that have major energy companies considering gas-to-liquids (GTL) in North America for the first time in decades. This last trend fits very well with our distributed approach to GTL, as abundant unconventional natural gas resources, such as shale gas, are typically too small to justify large, conventional technology GTL facilities; providing a key opening for our products just as they are entering the market.
Thank you for your interest in our company. We hope you enjoy the OCG Speed Read, whose name is a play on the rapid reaction rates possible in our reactors and the condensed format of this newsletter.
Roy Lipski, CEO
New orders from a new customer
We have received an order for two full-scale FT microchannel reactors from a Fortune 500 company for use in a commercial synthetic fuels plant in the US. The plant, with a nominal capacity greater than 50 barrels per day, is expected to begin operating in 2012.
Looking towards the shale gas arena
A major Exploration and Production company is considering incorporating
Velocys’ microchannel FT in a GTL facility to process shale gas in North America.
Second Commercial Sale
SGC Energia placed a second order for a commercial FT unit. The unit will be deployed in an SGCE facility under construction in South America.
£21 million Share Placing
In February the Oxford Catalysts Group announced the successful placing of shares to raise £21 million before expenses.
More information now online
The Oxford Catalysts Ltd and Velocys, Inc. websites have had a facelift!
Though the names -- and URLs -- remain the same, the content has expanded. There’s more technology and financial information now available at the click of a mouse. See for yourself!
On the conference circuit
Tad Dritz, Business Development Manager, will be presenting a talk titled ”The microchannel advantage: liquidating smaller gas” at the SMi Gas to Liquids 2011 event, 25-26 October at the Marriott Hotel, Regents Park in London. The Oxford Catalysts Group is one of the sponsors of the conference.
Tad will also be presenting a talk titled “Microchannel Technology Enabled Distributed Fuel Production Deployment Update” at the EFI Gas-to-Market and Energy Conversion Forum, 25-27 October at St Ermin’s Hotel in London.
Back in June, Jeff McDaniel, Commercial Director, delivered a very well received presentation outlining the development of microchannel reactor technology for small to medium scale gas to liquids applications at the CWC eleventh World XTL Summit.
Oxford Catalysts Group’s technology continues to win awards
Our modular synthetic fuel technology was named the winner of the 2011 Kirkpatrick Chemical Engineering Achievement Award at a ceremony held in Houston on 12 September.
Earlier this year Oxford Catalysts' technology was triply honoured by the receipt of two awards and an honourable mention at the annual Rushlight Awards ceremony held in London in January 2011. Our microchannel gas-to-liquids (GTL) technology won the Fossil Fuels award, was named as the overall winner in the Energy Environmental category and was a highly commended runner-up for the overall Rushlight Award.
We were also named as a runner up in the 2011 Award for Environmental Technology Commercialisation at CleanEquity Monaco 2011 after winning the award in 2010.
In the press
The Oxford Catalysts Group technology continues to attract wide coverage in the trade and technical press. Here are just a few examples:
are sad to report the death of Jeremy Scudamore, non-executive Director and Chairman of
the Audit Committee, who passed away on Monday 29th
August 2011. He will be greatly missed by all at Oxford Catalysts Group.
- Paul Schubert, Chief Operating Officer. Paul brings many years of experience commercialising innovative process technologies, including a stint with FT pioneer Syntroleum.
- Ken Roberts, Senior Business Development. Ken brings a global perspective, having developed projects on four continents. He will be located in our new satellite office in Houston, Texas.
- Tad Dritz, Business Development. Tad brings multiple talents, a wide range of experience commercialising emerging technologies and a passion for extinguishing flares around the world.
- Other hires include: Sara Kampfe (Scientist), Nicole Dawson (Contracts Specialist), Matt Gabler (Scientist), Brenda Carter (Employee Health and Safety), Rae Gill (Administrative Assistant), Joshua Bruce (Technician), Ben Blair (Financial Planning) and Nikki Swearingen (Scientist).
- Andy Holwell, Business Development Manager. Also to Andreas Munding, Jeff Ramler and Jeff Vanest, and to Frank Daly, who will continue on as a consultant to the Group.
Contact us for further information
firstname.lastname@example.org or email@example.com
Technical press enquiries:
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Oxford Catalysts Group PLC consists of Oxford Catalysts Limited, 115E-H Milton Park, Abingdon, Oxfordshire, OX14 4RZ, UK (Registered in England No. 5258554) and Velocys, Inc., 7950 Corporate Blvd, Plain City, Ohio 43064, USA (Registered in the State of Delaware, USA)