Oxford Catalysts receives $8m order from Ventech

Ventech Engineers International has placed an order with Oxford Catalysts Group for Fischer-Tropsch (FT) reactors.

This order is expected to generate revenues to the Group of $8m over the period of their fabrication, estimated at 18 months, with a minimum payment of $3.6m guaranteed in 2013.

In November 2012, Oxford Catalysts and Ventech entered into a series of agreements whereby the Group became Ventech’s preferred supplier of FT technology in North America, and Ventech was granted non-exclusive assured access to design, sell and deliver GTL plants incorporating the Group’s FT product to customers in North America.

In collaboration with the Group, Ventech has developed the design for a fully integrated, shop fabricated, modular Gas-to-Liquids (GTL) plant.