Thursday 8th January, 2015
CompactGTL would like to clarify certain statements made by Velocys today in a release regarding the UK High Court Case between itself and Velocys. The case relates to catalyst technology that is no longer in use by either company.
The Company re-affirms that the court ruling has not affected any of CompactGTL’s operations or project plans anywhere in the world, and the company continues to focus its resources on delivering the world’s first small scale commercial GTL plant into Kazakhstan as well as other projects globally.
CompactGTL has been granted permission by the UK High Court to appeal part of the judgement made in October in relation to the process claims in both patents (‘508 and ‘509) in the case. Success in this appeal will result in the invalidation of those claims.
The injunction granted to Velocys in the October ruling was not opposed by CompactGTL as the past activities at its UK pilot plant found to infringe the patent are no longer being carried out and therefore the injunction has no impact on CompactGTL’s business.
8 января 2015
CompactGTL разрешено апеллировать часть решения Верховного Суда – без влияния на бизнес
CompactGTL хотела бы пояснить некоторые утверждения, сделанные Velocys сегодня в пресс релизе по делу Верховного суда Великобритании между ей и Velocys. Дело рассматривает технологию катализатора, который больше не используется ни одной из этих компаний.
Компания подтверждает, что решение суда не повлияло на какие-либо на производственные и проектные планы CompactGTL по всему миру и компания продолжает фокусировать свои ресурсы как на создание первого в мире мини-завода GTL в Казахстане, так и других проектов по всему миру.
CompactGTL было дано разрешение Верховным судом Великобритании апеллировать часть решений суда, сделанных в октябре в отношении требований технологического процесса в обоих патентах (508 и 509). В случае успеха апелляции эти требования будут не действительны.
CompactGTL не был против запрета, предоставленного Velocys в октябрьском решении, так как обнаруженные прошлые действия на пилотной установке в Великобритании, нарушавшие патент, были устранены и больше не происходят и поэтому запрет не влияет на бизнес CompactGTL в целом.
Monday 22nd September, 2014
CompactGTL business plans unaffected
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Monday 10th March, 2014
Ministry of Oil and Gas of the Republic of Kazakhstan and CompactGTL sign breakthrough memorandum for development of world’s first small scale GTL plant
CompactGTL announces that its Chairman Tony Hayward and Uzakbay Karabalin, the Minister of Oil & Gas of the Republic of Kazakhstan, have signed a Memorandum of Co-operation to support the development and implementation in Kazakhstan of innovative associated gas processing technologies with the realisation of the world’s first commercially deployed small scale GTL plant.
In furtherance of the Memorandum of Co-operation, signed at the London Stock Exchange during the Caspian Corridor Conference, CompactGTL intends to build the world’s first commercially deployed small-scale gas-to-liquids (GTL) plant in Kazakhstan. The proposed plant is expected to bring with it significant future commercial and environmental benefits. Up to 820,000 cubic metres of associated gas that might otherwise be wasted will be fed through the plant every day to produce approximately 3,000 bpd of synthetic diesel. In a year, the plant is expected to monetise over 300 million cubic metres of gas.
Kazakhstan offers considerable potential for CompactGTL’s proven small-scale GTL technology. Kazakhstan is a major producer of oil and is also one of the leaders globally in seeking to use new technology to bring environmental benefits to the country. The new GTL plant will contribute to President Nazarbayev’s “Strategy of innovative development of Kazakhstan until 2020” by creating a local high technology industry that processes associated gas to produce fuels for local consumption. CompactGTL, together with investors from Kazakhstan, have agreed to finance, design and build the up to 3,000 bpd GTL plant, using CompactGTL’s proven technology and plant design.
Kanatbek Safinov, Executive Secretary, Ministry of Oil and Gas of the Republic of Kazakhstan said:
“Kazakhstan is very interested in attracting innovative and high technology businesses into its oil and gas industry in order to implement the decision of the President of Kazakhstan to expedite industrial development of the country. I believe that this innovative project will both help solve a number of social and environmental issues in the Republic of Kazakhstan and be mutually commercially beneficial for the parties.”
Tony Hayward, Chairman of CompactGTL said:
“We are very pleased to be able to announce the decision to build the first small-scale commercial GTL plant. This is a significant step forward, not just for CompactGTL, but also for the small-scale gas-to-liquids industry. Kazakhstan has clearly identified the significant economic benefits a small scale GTL plant can bring. We welcome the support provided by the Kazakhstan Government and the signing of this Memorandum of Co-operation demonstrates the confidence of the Kazakhstan Government and of the Kazkhstani investors in CompactGTL’s technology and people.”
CompactGTL expects to have a fully functioning small-scale GTL plant in operation in 2017. It is expected that initial engineering will take approximately 12 months, followed by a construction period of around two years, highlighting the relative speed with which such a project can be delivered.
CompactGTL offers a unique end-to-end engineering, manufacturing and project execution capability. CompactGTL is the only provider of small-scale GTL technology with a fully operable demonstration plant, which it has built in partnership with Petrobras. The successful operation of the Commercial Demonstration Plant in Aracaju, Brazil and the continuing operations at its UK Pilot Plant and Training facility in Wilton, Teesside, have proven the key commercial viability and technical benefits of the technology, including safety, robustness, operability and reliability.
Tuesday 4th February, 2014
CompactGTL is pleased to confirm it has completed its restructuring with a significant new investment made by a partnership headed by Tony Hayward, CompactGTL’s Non-Executive Chairman and Ian Hannam. As a result of this investment and restructure, the new investment partnership will become the majority owners of CompactGTL. Coller Capital will remain as a significant investor in the company.
CompactGTL has therefore exited administration, a process which enabled it to complete this transaction.
CompactGTL is the only small scale GTL specialist with a proven, working demonstration plant in Brazil in partnership with Petrobas. The plant highlights both CompactGTL’s unique ability to handle every aspect of designing, constructing, operating and maintaining a modular GTL plant, as well as the security of having a proven supply chain already in place, minimising implementation risk on behalf of the customer.