Our intellectual property and technology were born out of almost two decades of research.
Velocys was formed in 2001, a spin-out of Battelle, the world's largest independent science and technology organisation. Microchannel process technology was pioneered at the Pacific Northwest National Laboratory in the 1990s and developed by Battelle through that decade.
Oxford Catalysts was formed in 2004, a product of the University of Oxford's prestigious Wolfson Catalysis Centre, headed by company co-founder Professor Malcolm Green, one of the world's most respected inorganic chemists.
We and our collaboration partners have invested over $300m to support development activities.
- 1920s: The Fischer-Tropsch (FT) reaction was pioneered by Franz Fischer and Hans Tropsch
- 1994: US Patent 5,611,214 was filed by Battelle, the first microchannel technology patent
- 1996: A palm-sized microchannel reactor was produced at Battelle
- 2001: Velocys Inc. was incorporated, a product of Battelle
- 2004: Oxford Catalysts was formed, a product of the University of Oxford's Wolfson Catalysis Centre
- 2006: Oxford Catalysts Group (Ticker: OCG.L) was listed on the London Stock Exchange's Alternative Investment Market (AIM)
- 2008: Oxford Catalysts and Velocys Inc. merged
- 2010: Microchannel FT technology was demonstrated at Güssing, Austria
- 2012: An offshore GTL partnership was announced with MODEC and Toyo Engineering
- 2012: An FT field demonstration was successful at an integrated energy provider
- 2013: First commercial order: Ventech ordered FT reactors worth $8 million
- 2013: Oxford Catalysts Group PLC changed its name to Velocys plc (Ticker: VLS.L)
- 2014: Velocys formed a joint venture with Waste Management, NRG Energy and Ventech to develop multiple plants utilising a combination of renewable biogas (including landfill gas) and natural gas
- 2014: Velocys acquired one of the leading project developers of smaller scale GTL in North America, including its Ashtabula GTL project.
- 2014: Final Investment Decision taken to proceed with the construction of a GTL plant incorporating Velocys' technology in Oklahoma City, USA.
- 2017: First product successfully produced at ENVIA Energy's GTL plant in Oklahoma City, the commercial reference plant for Velocys' technology.