May 27, 2016 5:06 PM ET

Energy Equipment and Services

Company Overview of CompactGTL Limited

Company Overview

CompactGTL Limited is a specialist gas-to-liquids company that focuses on oilfield developments. The company offers a solution to onshore and offshore plants for the conversion of stranded, shale, and associated gas into synthetic liquids at the point of production. It demonstrates a commercial demonstration plant, incorporating gas pre-treatment, pre-reforming, reforming, waste heat recovery, process steam generation, syngas compression, fischer tropsch synthesis, FT cooling water system, and tail gas recycling. The company has strategic alliances with Sumitomo Corporation; Sumitomo Precision Products; Johnson Matthey; Kawasaki Heavy Industries Ltd.; SBM Offshore N.V.; Fluor Limited; Bayer ...

Windrush Court

Suite I

Abingdon Business Park

Abingdon,  OX14 1SY

United Kingdom

Founded in 2006

Phone:

44 12 3546 2850

Fax:

44 12 3546 2888

Key Executives for CompactGTL Limited

Chief Executive Officer and Non-Executive Director
Chief Finance Officer
Executive Director
Age: 51
Chief Commercial Officer
Head of Strategic Analysis
Compensation as of Fiscal Year 2015.

CompactGTL Limited Key Developments

Velocys plc Announces Settlement with CompactGTL Limited in the Patent Infringement Case

Velocys plc announced that it has come to a settlement with CompactGTL Limited in the patent infringement case that Velocys filed in the UK in 2013. Under the terms of the settlement, CompactGTL will make an undisclosed one-off payment to Velocys in recognition of its intellectual property. In 2014, the UK High Court upheld the validity of the two Velocys patents in suit (known as '508 and '509), found certain CompactGTL activities at its Wilton pilot plant facility to be infringing both patents six separate patent claims in total and awarded an injunction. With this settlement, both the pending appeal by CompactGTL on validity of some of the claims and an enquiry by the UK High Court into damages will be discontinued.

CompactGTL and KazakhOil Aktobe Agree Gas Contract for First Commercial Plant

CompactGTL announced that it has signed an agreement with KazakhOil Aktobe for the supply of gas for its first commercial gas to liquids (GTL) plant in Kazakhstan. KazakhOil Aktobe have successfully negotiated and agreed all of the commercial terms for the contract which has now been submitted to the respective shareholder boards for approval. The CompactGTL plant will be located in the Aktobe region of Kazakhstan and will take gas that would otherwise have been flared and convert it into synthetic diesel. Engineering is well advanced and the plant is scheduled to be operational during 2018.

Velocys Wins Injunction Against CompactGTL

Velocys plc announced that the UK High Court has ordered an immediate injunction restraining CompactGTL's infringing activities and payment of approx. £1.4 million to Velocys. Following the UK High Court's ruling upholding the Velocys patents in suit and judging CompactGTL to be infringing them both, the Court has now ordered an immediate injunction restraining CompactGTL from infringing the patents or enabling, procuring, or assisting any third party to infringe the patents. In addition to being used at its Wilton plant in the UK, CompactGTL confirmed to the Court that the same infringing technology was the subject of its activities with Petrobras. The Court also ordered CompactGTL to pay approx. £1.4 million to Velocys for its legal costs to date. The case is continuing, with determination of damages to Velocys expected after receipt of additional disclosures from CompactGTL regarding its activities.

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