Last checked at 
LONDON (Alliance News) - Gas-to-liquids company Velocys PLC on Wednesday said it has reached a settlement with chemicals company Johnson Matthey PLC on the patent infringement case it filed against the FTSE 100 company in the US.
Velocys filed the infringement case against Catacel, which Johnson Matthey bought in September 2014, back in 2010, claiming it had infringed on a number of Velocys' patents. Catacel had been supplying catalysts to Velocys's gas-to-liquids demonstration unit at a facility in Brazil run by state oil giant Petrobras.
Under the terms of the settlement, Johnson Matthey will pay Velocys an undisclosed amount in recognition of its intellectual property.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
