Velocys PLC, formerly Oxford Catalysts Group PLC, is a holding company. The Company is engaged in the designs and development of technology for the production of clean synthetic fuels from both conventional fossil fuels and renewable sources such as bio-waste. The Company is primarily focused on the production of synthetic fuels via Fischer-Tropsch (FT) synthesis, a market that has the potential of producing as much as 25 million barrels of fuel a day. Its subsidiaries include Oxford Catalysts Ltd, which is engaged in Design and development of catalysts, and exploitation of platform catalyst technologies, and Velocys, Inc., which is engaged in design, development and exploitation of its microchannel technologies. Its micro-channel process technology with high-activity catalysts are together marketed under the brand name of Velocys.