Oxford Catalysts partners SGCE

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Oxford Catalysts, a developer of specialty catalysts, has signed an agreement with SGC Energia, SGPS for the joint commercialisation of its Fischer-Tropsch technology.

Oxford Catalysts, a developer of specialty catalysts, has signed an agreement with SGC Energia, SGPS (SGCE) for the joint commercialisation of its Fischer-Tropsch (FT) technology.

SGCE acts as the holding company for the renewable energy investment arm of Portuguese businessman, João Pereira Coutinho. The group has been working with Oxford Catalysts' US subsidiary, Velocys, since 2007 under a memorandum of understanding.

The agreement formalises this partnership and is expected to provide a further $5.9m (£3.6m) of funding for development of the FT technology by the end of 2010. SGCE will have lead responsibility for commercialising the technology in biomass-to-liquid, waste-to-liquid and coal-to-liquid applications.

Roy Lipski, chief executive of Oxford Catalysts, said: ‘We are pleased to have successfully progressed our relationship with SGCE. The Joint Development Agreement (JDA) is a strong endorsement of our technology and is illustrative of our commercialisation strategy in action, whilst also delivering a material financial contribution to the group.’

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