HydroDec Group plc
21 March 2006
Embargoed until 07:30 Tuesday 21 March 2006
HYDRODEC GROUP PLC
GROWING MARKET ACCEPTANCE OF HYDRODEC REFINING
Hydrodec Group plc ('Hydrodec') is pleased to announce a number of recent orders
which demonstrates the growing acceptance of Hydrodec refining technology.
Hydrodec has recently added to its expanding customer base for used oil refining
and Superfine brand transformer oil sales. Recent purchase orders include:
* Treatment and refining of 230,000 litres of low level PCB contaminated
transformer for a South Australian Utility with agreement to re purchase
the refined product as new transformer oil.
* Agreement to supply more than 200,000 litres of oil for refining from SP
AusNet of Victoria.
* Sale of 20,000 litres of Superfine transformer oil for use in
transformer maintenance to a New South Wales Utility, a new Hydrodec
* Sale of 37,000 litres of Superfine transformer oil to a service company
in Southern Australia for use in high voltage transformer retrofill
* Smaller sales of Superfine to industrial users.
Hydrodec has also used its Superfine transformer oil in the recently purchased
new transformer supplying power to the refining plant at its Young New South
Wales production site.
Chairman John Gunn commented: 'Hydrodec's Superfine brand transformer oil has
gained technical acceptance with an increasing number of the utilities in the
market place, underpinning the Hydrodec model through product oil sales, oil
feedstock sourcing and PCB contaminated oil treatment contracts. Growth in the
customer base of Hydrodec is being assisted by increasing market acknowledgement
of the sustainability benefits, strategic security of supply and economic
competitiveness of Hydrodec's technology and products'.
For further information please contact:-
John Gunn, Chairman, HydroDec Group plc Tel: 020 7236 6236
Nick Fox, M: Communications Tel: 020 7153 1530
Hydrodec was established to commercialise the Hydrodec technology which is an
oil re-refining process designed to remove harmful contaminants such as PCBs.
The Hydrodec technology is based on intellectual property comprising a protected
patent in Australia and certain other jurisdictions developed by the
Commonwealth Scientific and Industrial Research Organisation ('CSIRO') of
Australia. Hydrodec has entered into an exclusive global license with CSIRO for
the marketing and distribution of the Hydrodec technology.
Last year, it committed the sum of £1 million (one million pounds) to the
construction of a new, larger Hydrodec plant capable of processing up to 20,000
litres per day of speciality oils and/or chlorinated organic wastes. The Company
anticipates that the plant will be in operation by Spring 2006. When fully
operational, the new plant will produce a near seven-fold increase in Hydrodec's
Since June 2004 a 3,000 litre per day Hydrodec plant has been operating in
Australia principally re-refining PCB contaminated transformer oils for
Australian power utilities. The technology has also been used to treat a
variety of other chlorinated organic wastes, commonly referred to as 'Persistent
Organics Pollutant' ('POPs').
This information is provided by RNS
The company news service from the London Stock Exchange