Introduction: Oxford Catalysts / Velocys Leader in smaller scale GTL technology 15 years and 300 million invested in its unique technology Exhaustive global patent protection (7,500 granted GTL patent claims) First class partners…
Large-scale Economics at Smaller Scales Conventional slurry reactor Velocys microchannel reactor k/bpd capacity Velocys Cost advantage commercial FT reactor Oxford Catalysts Conventional FT Reactor Velocys…
Modular GTL for the Mainstream Broader market Smaller plants = less gas Suitable for remote locations Lower risk Smaller plants = smaller investments Investment can be phased On site construction reduced Reduced costs Modules…
Smaller Scale GTL Upstream Solution to flaring 5% of natural gas produced is flared Regulation, royalties and taxation increasing Unlock constrained oil production Increase revenues and reserves High value product created from…
Smaller Scale GTL Midstream Get more gas to market Where no gas pipeline exists Where potential production exceeds available infrastructure Increase gas demand without impacting price Gets gas into transportation Not all gas is…
Smaller Scale GTL Downstream Create high value products High quality diesel and jet fuel Specialty chemicals, waxes and lubricants De-bottleneck operations Upgrade off spec products: FT diesel has higher cetane and no sulphur…
Winning Economics 150 Premium from sale of diesel Key financial assumptions Oil (WTI) Costs & proceeds (/barrel of liquid products) 125 OPEX Increased Facility producing 85% Depreciation product value Natural gas if specialties…
Growing US Demand for Distillate Fuels Transportation energy consumption by fuel (quadrillion btu) History 2011 Projections 22% Diesel 29% CNG/LNG 11% 4% 4% 2% Jet fuel 13% E85 Other 1% 4% Pipeline fuel 3% 60% Motor…
Why Smaller Scale GTL GTL for the mainstream More opportunities; open to more players Practical Easier to finance, permit, supply and build Manageable risks Phase investment; reduce in-field construction; reduce overall…
2012 Final Results 13
Summary: 2012 Milestone Year Selected for two commercial projects with potential revenues of over 160 million Commercialisation process well underway Field trial of commercial scale reactor successfully completed Manufacturing supply…
2012 Financial Highlights Revenue of 7.6 million (2011: 4.6 million) Revenue mainly from development income from Toyo and MODEC, and US Government funding Toyo / MODEC revenue in 2012 included 3 milestone payments for the Petrobras…
Fund Raising Oversubscribed placing of 30.6 million before expenses Net cash proceeds of 29.3 million received 4 January 2013 Placing price of 1.25 represented 10% premium to the 30 day average closing mid-market share price…
Modularisation Partner: Ventech Engineers Full service global EPC firm Proven world leader in modularisation of process units for the oil and gas industries Financial strength allows partnering and co-investing in projects…
Commercial Update GreenSky London Pre-Front End Engineering in final stages Expected to progress to FEED in Q2 2013 Calumet Ventech completed plant design; provided fixed price quote for the modules Successfully completed third…
Sales Pipeline 4 clients progressed to engineering since beginning of 2013 Number of clients in active engineering has grown since interims 19 companies in pre-engineering feasibility stage; others in qualification Active pipeline of…
Velocys Pilot Plant and Training Facility Fully integrated microchannel SMR, FT & hydro-cracking (1 bbl/day) Relocation of FT system successfully operated in Gssing, Austria Operations underway Will provide: Integrated performance…
Manufacturing and Supply Chain Update Supply chain now in place 2 catalyst suppliers qualified Reactor supply chain capable of ramping up in line with demand First multi-core reactor manufactured Manufacturing team expanded New VP…
Microchannel Waveform Placement Microchannel waveforms sandwiched between coolant panels These waveforms will ultimately be filled with catalyst Identical system for all reactor sizes Process Channels Spacer Coolant Panel…
Core Laser Welding One of two qualified suppliers 24
Core Sub-Assembly 25
Completed Multi-core Commercial Reactor 26
Branding Primary brand for financial Primary brand for industry community Strong recognition No longer describes our Good reputation business well As we begin commercial roll out its an opportune time to tackle the Groups brand…
IP Portfolio and Enforcement Worlds largest microchannel patent portfolio 25,000 claims in 800 patents 95 patents granted in 2012 High quality Group IP cited over 3,000 times in others patents 7 out of 8 US re-exams successfully…
Summary: 2012 Milestone Year Selected for two commercial projects with potential revenues of over 160 million Commercialisation process well underway Field trial of commercial scale reactor successfully completed Manufacturing supply…
Loading...
