Oxford Catalysts Group
OCG SpeedRead
July 2013

XTL is the name given to the group of processes that take any carbon containing feedstock (natural gas, biomass, coal or waste) and converts it into ultra-high quality, infrastructure-compatible fuels and valuable chemicals. Our Fischer-Tropsch (FT) technology is an enabling component of all types of XTL plants because it can achieve attractive economics at scales far smaller than are possible with conventional FT technologies. Smaller scale production is particularly important for biomass-to-liquids (BTL) as only so much bulky biomass can be gathered economically to feed a plant. This advantage was recently recognised by the US Department of Defense, which awarded a grant to Red Rock Biofuels for the detailed engineering of a BTL plant featuring our FT technology. We continue to be the only smaller scale XTL provider announcing selection for commercial projects.

In recent months, we have considerably strengthened our board-level and operational teams as we pioneer a new industry: the distributed production of fuels and chemicals. Our new board appointments bring operational excellence, a deep knowledge of oil and gas markets and contacts at the highest level of the industry that will prove pivotal as we continue our commercial roll-out. New employees have expanded our process engineering team providing support for the commercial deployment of our technology, as well as further strengthening one of our core competencies - innovation in catalysis.

Our plans for renaming Oxford Catalysts Group outlined in April’s SpeedRead continue. We will trade under a single name, Velocys, from 25th September 2013. We are one company, with one management team and one immediate goal: making smaller scale gas-to-liquids a reality.

Roy Lipski, CEO

What's new?

Selection for Design of 1,100 bpd BTL Plant
On 8 July, OCG announced its selection as the Fischer-Tropsch (FT) technology provider for the design and possible construction of a commercial biomass-to-liquids (BTL) plant in Oregon, USA. The proposed facility, led by Red Rock Biofuels, a subsidiary of IR1 Group LLC, will be designed to convert around 170,000 tons per year of forestry derived biomass into approximately 1,100 barrels per day of liquid transportation fuels. The project was recently awarded a $4.1 million grant from the US Department of Defense, which will help fund detailed engineering, following which the project will have an opportunity to apply for a further grant of up to $70 million to construct the proposed plant. Read more...

Date of Company Name Change to Velocys plc
Oxford Catalysts Group PLC will begin trading as Velocys plc on 25th September 2013. The Company will continue to trade on the Alternative Investment Market (AIM) of the London Stock Exchange under the ticker symbol VLS (previously OCG). This name change and rebranding exercise represent the final stage of integration of Oxford Catalysts and Velocys, which came together in 2008. Questions...?

Board Appointments
On 1st July OCG announced the further strengthening of its Board, with the appointment of Paul Schubert and Julian West as Executive Director and Non-executive Director respectively. Paul Schubert has been the Group’s Chief Operating Officer since 2011. Read more...

Velocys Pilot Plant and Customer Training Center Opening Event
On 29 April Velocys officially opened its Pilot Plant and Customer Training Center in Plain City, Ohio. The integrated facility features the Group’s Fischer-Tropsch (FT) and Steam Methane Reforming (SMR) technologies. The event was attended by more than 40 guests representing prospective customers, suppliers, partner organisations and the press. The plant began operation in March 2013. Read more...

SMR and FT reactors at the Velocys Pilot Plant and Customer Training Center

On the conference circuit

Roy Lipski presented an update on the Company at the 60th Oilbarrel Conference, an investor event, in London on 13 June. A webcast of the presentation can be downloaded here.

Jeff McDaniel, Commercial Director, presented "Smaller scale GTL: projects, partnerships and opportunities" at both the World XTL Summit in London on 21 May and at GTL North America in Houston on 5 June.

Neville Hargreaves, Business Development Director, presented "Smaller Scale GTL: Maximising Value from Associated Gas" at a Global Gas Flaring Reduction Forum workshop in Moscow on 18 June. View the presentation in English or in Russian.

Steve LeViness, FT Product Manager, presented "Velocys Fischer-Tropsch Synthesis Technology – Comparison to Conventional FT Technologies" at the AIChE Spring Meeting, San Antonio, Texas on 30 April.

Coming soon:
Members of our team will be presenting at the following events over the coming months:

In the press

The selection of Velocys’ FT technology for IR1’s BTL project was covered in the financial, national and trade press, for example in the Investors Chronicle, The Daily Mail, Gas World, Zeus Syngas Refining Report and Chemical Week.

April’s issue of Innovoil featured a photograph of Velocys’ commercial Fischer-Tropsch reactor, capable of producing 125 barrels per day of liquid fuels, on its front cover, as well an article written by Business Development Director, Neville Hargreaves. Another article featuring OCG appeared in Downstream Today on May 15.

The Velocys Pilot Plant Opening Day held on 29 April was very well received by the local Ohio-based press with articles in Columbus Dispatch, Business First, Marysville Journal Tribune and Plain City Journal.

The Group continues to receive good coverage from the UK investor press, for example in Share World on 25 April.

Company news

At an operational level, we have welcomed five new people to the team over recent months: Heinz Robota (Director of Catalysis), Sergio Mohedas (Director of Engineering), Trent Weiss (Senior Process Engineer), Ray Huang (Pilot Plant Manager) and Michael Pruchnie (Business Development).

Sergio Mohedas’ previous roles include Chief Engineer for ConocoPhillips’ GTL technology including their 400 barrel per day GTL demonstration plant. Sergio’s and Trent Weiss’ appointments continue the expansion of our process engineering team. In the last 20 months we have recruited a total of seven process engineers and plans are in place to expand the team still further.

As Director of Catalysts, Heinz Robota will provide leadership for catalyst R&D, testing and scale-up. He has an extensive background in catalysis and the development and commercialization of commercial catalysts including Fischer-Tropsch and hydroprocessing catalyst technologies. The appointment of Heinz builds on the substantial investments we have already made in catalyst development and testing capabilities in both the UK and US. 

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 Olympic Avenue, Milton Park, Abingdon, Oxfordshire, OX14 4SA, UK (Registered in England No. 5258554) and Velocys, Inc., 7950 Corporate Blvd, Plain City, Ohio 43064, USA (Registered in the State of Delaware, USA)