Next month Oxford Catalysts Group will change its name to Velocys. Dealings on the London Stock Exchange are expected to begin at 8am on 25th September when the ticker symbol will change from OGC to VLS.
Since the group’s 2008 acquisition of its US subsidiary, Velocys, Inc., it has operated under two brand names: Oxford Catalysts primarily for the financial community and Velocys primarily for the oil and gas industry.
Recognising that this can cause some confusion in the market, the group undertook a review and decided that as it has begun commercial roll out of its technology, the time is right to consolidate under a single brand and company name, that of Velocys.
Although the group’s name is changing, its immediate aims remain the same – to make smaller scale gas-to-liquids (GTL) plants economic, both on- and off-shore, by commercialising its technology, including microchannel Fischer Tropsch (FT) and Steam Methane Reforming (SMR) reactors together with highly active catalysts. The group’s FT technology has also been selected for use in a number of biomass-to-liquids (BTL) projects.
Roy Lipski, CEO of Oxford Catalysts Group, said, “This name change and rebranding exercise represent the final stage of integration of Oxford Catalysts and Velocys, which joined forces in 2008. These changes will help us present a united face to industry and the investor community as commercial roll-out of our technology continues.”