Oxford Catalysts Selected for GreenSky London Commercial Plant

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• Publié par: oxford-catalysts-group-plc
• Nombre de lectures: 33
• Langue: English

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Oxford Catalysts Selected for GreenSky

London Commercial Plant

PR Newswire

LONDON, July 3, 2012

LONDON

,

July 3, 2012

/PRNewswire/ --

Oxford Catalysts Group PLC, the leading technology innovator for synthetic

fuels production, is pleased to announce that it has been selected by Solena

Fuels Corporation ("Solena") to supply their GreenSky London waste-biomass to

jet fuel project, whose leading partner is British Airways. GreenSky London has

been established to create

Europe's

first commercial scale sustainable jet fuel

facility.

After a formal evaluation of available technologies performed by Fluor

Corporation on behalf of Solena, the Group was selected by Solena as the sole

supplier of Fischer-Tropsch ("FT") technology for GreenSky London. In addition,

Solena has entered into an understanding with the Group for the supply of FT

units to its future Biomass to Liquids ("BTL") projects with many of the world's

leading airlines and shipping companies, including GreenSky California,

Rome

and

Stockholm

.

British Airways is working with Solena to establish

Europe's

first sustainable jet

fuel plant, GreenSky London, and intends to use the low-carbon fuel to power

part of its fleet as of 2015. Successful implementation of the GreenSky London

project and receipt of the order will generate revenues to the Group in excess

of

$30 million

(during the construction phase to 2015), and additional ongoing

revenues of more than

$50 million

over the first fifteen years of the plant's

operation.

Roy Lipski, CEO of Oxford Catalysts Group said:

"Our selection for this project ahead of conventional technology from larger

companies is further evidence of the superiority of our offering. We are pleased

to be part of the GreenSky London project and to contribute to British Airways'

strategy for sustainable aviation and Solena's worldwide roll out plan."

Dr. Robert Do, CEO of Solena Fuels said:

"With the advice of Fluor, we carried out a rigorous evaluation of available

suppliers for the Fischer-Tropsch process, an essential part of our integrated

BTL solution. Oxford Catalysts' technology offers modular sizing and the

advantages of high-efficiency, fixed bed reactors. We're very pleased to be

working with them on the GreenSky London project, and on realising our

strategy of rolling out multiple sustainable fuel plants throughout the world."

Notes to Editors

Oxford Catalysts enables modular 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 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.

http://www.oxfordcatalysts.com

http://www.velocys.com

About Solena Fuels Corporation

Solena is developing BTL plants around the world based on its proprietary

gasification technology. Solena's synthetic fuel is a "drop-in" fuel that allows

airlines and shipping companies to utilise a sustainable energy source without

any changes to their engines or infrastructure. Solena is a privately held

corporation, headquartered in

Washington, DC

, USA.

http://www.solenafuels.com

For further information, please contact:

Oxford Catalysts

Roy Lipski, CEO

Susan Robertson, CFO

[phone]

[phone]

Cenkos Securities (Nomad and Broker)

Ken Fleming / Beth McKiernan

[phone]

[phone]

FTI Consulting

Billy Clegg / Alex Beagley

[phone]