Oxford Catalysts gets backing

Clean fuel innovator Oxford Catalysts has won £3.7 million backing from Portugal’s SGC Energia to commercialise its ‘Fischer-Tropsch’ technology.


Clean fuel innovator Oxford Catalysts has won £3.7 million backing from Portugal’s SGC Energia to commercialise its ‘Fischer-Tropsch’ technology.

Clean fuel innovator Oxford Catalysts has won £3.7 million backing from Portugal’s SGC Energia to commercialise its ‘Fischer-Tropsch’ technology.

The AIM-quoted company says SGC Energia, which backs renewable energy ventures for leading Portuguese entrepreneur Joao Pereira Coutinho, will provide this funding to help demonstrate and establish commercial uses for Fischer-Tropsch in biomass-to-liquid, waste-to-liquid and coal-to-liquids synthetic fuel applications. The joint development agreement between the two companies will include funding for a 190,000-gallons-a-year demonstration plant to be shipped to Güssing in Austria early next year.

For Oxford Catalysts, which lost a nearly trebled interim £3.7 million on turnover up thirty-fold to £3.5 million, backing from an arm of Coutinho’s SGC Group, with annual turnover of nearly £1 billion, is particularly welcome. The two companies have been working together since 2007.

Roy Lipski, Oxford Catalysts’ chief executive officer, says ‘successful demonstration at Gussing will be a significant step towards being ready to take commercial orders for full-scale plants’.

Nick Britton

Lexus Ernser

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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