The Oxford University spin out will provide its microchannel-reactor and catalyst technologies to the project. In return, PTT will invest $5m (£3m) over two years for the development and commercialisation of the group’s Steam Methane Reforming (SMR) technology.
In addition, PTT will invest in microchannel-reactor testing facilities to be located at the PTT Research and Technology Institute near Bangkok. The agreement also provides a framework for future investment by PTT in other microchannel-reactor applications and associated catalyst developments.
Roy Lipski, chief executive of Oxford Catalysts Group, said: ‘We are delighted to have extended our relationship with PTT in the field of GTL to include both our microchannel reactor and catalyst technologies. Their commitment of $5m (£3m) is a strong endorsement of our business.’
Upon completion, PTT is expected to receive preferential rights for commercial deployment of the Group’s GTL technology in small- to medium-scale land-based facilities.
Dr Songkiert Tansamrit, executive vice president of PTT, added: ‘Microchannel reactors and enhanced catalysts offer an exciting breakthrough for small- to medium-scale GTL. We also envision this technology as potentially game changing for a range of existing and novel chemical and renewable-energy processes, such as biofuels production.’
Labour pledge to tackle four key barriers in UK energy transition
I'm all for clarity and would welcome anyone who can enlighten me about what Labour's plans are for the size and scale of this Great British Energy....