Oxford Catalysts Group
OCG SpeedRead
October 2012

On September 7, 2012 Calumet Specialty Products marked the beginning of a new era by announcing that the first commercial-scale Gas-to-Liquids (GTL) plant in North American will be in Karns City, Pennsylvania and on-line before the end of 2014. This plant, enabled by OCG technology, is but the first of dozens of modular facilities that we believe will rise across the landscape to convert abundant natural gas into ultra-clean synthetic fuels. OCG is proud to play a leadership role in bringing about this reality.

Our GTL technology is the only one out of many competitors to have announced selection for commercial scale facilities, and this is no accident. It took a culmination of $300 million invested over 15 years, which is protected today by over 800 patents, to achieve a game-changing advance that enables us to offer world-scale efficiencies and economics in smaller, modular GTL facilities. No longer is GTL only for the Shells and Sasols of the world, it is now available to a range of companies at a fraction of the overall cost associated with mega-scale plants. The Calumet announcement is only the beginning of a wave that will see synthetic fuels, from gas and other resources, become an integral part of our energy mix.

Roy Lipski, CEO

What's new?

Oxford Catalysts to Supply to 1,000 bpd Commercial GTL Plant
Calumet Specialty Product Partners announced its plans to expand its Karns City facility with the addition of a GTL plant of approximately 1,000 bpd capacity to provide feedstock for the production of ultra-high quality speciality products. OCG Fischer-Tropsch (FT) technology was selected for this facility which is being designed and delivered by Ventech Engineers, specialists in modular processing plants. The plant design is expected to be complete by the end of 2012, and start of production is expected in the second half of 2014.

Interim Results for the Period Ended 30th June 2012
In announcing results for the first half of 2012, OCG Board Chairman Pierre Jungels, CBE, said: "The first half of 2012 has been a period of accelerated progress for the Group and we've seen positive momentum continue to build post the period end. Our technology was selected for four exciting and different projects, and we are also taking part in numerous engineering studies with some of the world's largest corporations. There is no doubt that 2012 will be an important year for the Group as we continue on our path towards commercial success. There is an exciting pipeline ahead for our technology and the Board looks to the future with confidence."
Click above to see the details, or here for the analyst presentation summarising the results.

On the conference circuit

Neville Hargreaves, Business Development Director, delivered a talk titled "Making Distributed Gas to Liquids a Reality" at the SMi Gas-to-Liquids  conference on 4 October in London.

A few days later on 8 October, Neville delivered another presentation, "Distributed Gas to Liquids for Shale and Stranded Gas Processing" at Gastech which was also held in London.

At the World Shale Oil & Gas Conference in Houston, Texas on 18-21 September, we jointly promoted a modular, onshore GTL solution with Ventech Engineers and Haldor-Topsoe. In the Tech Forum portion of the event, Ventech CEO Kevin Stanley delivered a talk titled "Modular Gas-to-Liquids: a Solution to Monetize Shale Gas".

Coming soon:
We will be presenting at Energy Frontiers International's Gas-to-Market & Energy Conversion Forum in Houston which runs 22-24 October; as well as at the World Bank Global Gas Flaring Reduction 10th anniversary event in London on 24 & 25 October.

In the press

During the past quarter, GTL and OCG continued to attracted wide coverage in the technical and financial press.

One notable article, titled "Analysis Shows GTL Viable Alternative for US Gas Producers" that appeared in the August 6, 2012 edition of widely read and respected Oil & Gas Journal provided a strong endorsement of GTL economics.

Other articles featuring OCG include:

"Oxford-Velocys expands distributed GTL FT projects" by Jack Peckham, Gasification News, a publication of Hart Energy, vol. XV, issue 20, 9 October 2012

"Distributed GTL for shale gas processing : why bigger may not mean better" by Neville Hargreaves, GasTech Daily News, 8 October 2012

"Keeping the options open" by  Neville Hargreaves & Andrew Jamieson, Petroleum Economist LNG Book 2012

"Small GTL project beginning to emerge as natural gas prices stay low", feature by Barbara Shook, Natural Gas Week by Energy Intelligence Group, 1 October 2012

"Poweralternatives: Modular GTL solution could be a technology breakthrough with the same game-changing impact as fracking
, says Oxford Catalysts"  by Amy McLellan, Interactive Investor website

On the financial front, OCG strong stock price appreciation was mentioned in:
- The Times (print edition only, 8 September 2012)
- Daily Express
- The Daily Mail (scroll to bottom)

Company news

We are proud to welcome Sandy Shaw as the newest OCG board member. Sandy brings a wealth of knowledge from over 30 years in the oil and gas industry, including roles with Consort Resources, LASMO, Esso Petroleum, Marathon Oil, Mobil and Valiant Petroleum.

The 2012 OCG employee survey results are in, and they show that our team is enthusiastic about their jobs and the future of the company.

This past quarter, two new employees joined the OCG team - Daniele Leonarduzzi and Anthony Wilson.

Contact us for further information

General enquiries:
info@velocys.com or info@oxfordcatalysts.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)