Roy Lipski, the ex-Goldman Sachs financier who founded, developed and successfully sold internet research software specialist Infonic, says he has a ‘big dream’ for the company he now runs, clean-fuel counter Oxford Catalysts Group. His aspiration is for the AIM-quoted company to obtain economically priced diesel, petrol and other fuels from ‘syngas’ derived from coal, ‘stranded’ and flared-off gas and biomass waste.

Before that, he is enthusiastic about a project in Wyoming with US group Novus Energy for converting agricultural waste into fuel. Oxford Catalysts is building on technology developed by co-founders, Oxford Professor Malcolm Green and Dr Tiancun Xiao of Beijing University, to develop a range of products in the clean fuel field. With backers including IP Group, Oxford University and Italy’s UniCredit group, the company hopes eventually to receive handsome royalties.

Lipski says it is also talking to a leading household products multinational about launching a product in 2010, using catalysis to generate hot steam without heating or boilers, with potential applications in cleaning, electricity generation and aerospace. By 2012, he hopes for Oxford Catalysts to be receiving royalties on its catalytic hydro-desulphurisation process to alleviate the worldwide refinery bottleneck.

Professor Green has discovered a catalytic process that does not require platinum or some other precious metal. Lipski argues that will make Oxford Catalysts’ technology significantly cheaper.

Oxford Catalysts	AIM	£75.46m	126.50p	0.00p
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