HydroDec Group plc Change of Registered Office (1491O)
30 Septiembre 2019 - 05:09AM
UK Regulatory
TIDMHYR
RNS Number : 1491O
HydroDec Group plc
30 September 2019
30 September 2019
Hydrodec Group plc
("Hydrodec", the "Company" or the "Group")
Change of registered address
The Company announces that its registered address has been
changed to International House, 24 Holborn Viaduct, London EC1A 2BN
with immediate effect.
For further information, please contact:
Hydrodec Group plc hydrodec@vigocomms.com
Colin Moynihan, Executive Chairman
Arden Partners plc (Nominated Adviser
and Broker) 0207 614 5900
Ciaran Walsh
Vigo Communications (PR adviser to
Hydrodec) 020 7390 0240
Patrick d'Ancona
Chris McMahon
Charlie Neish
Notes to Editors:
Hydrodec's technology is a proven, highly efficient, oil
re-refining and chemical process principally targeted at the
multi-billion US$ market for transformer oil used by the world's
electricity industry. MarketsandMarkets forecasts that the global
transformer oil market is expected to grow from US$1.98 billion in
2015 to US$2.79 billion by 2020 at a CAGR of 7.14% from 2015 to
2020. Used transformer oil is processed with distinct competitive
advantage delivered through very high recoveries (near 100%),
producing 'as new' high quality oils at competitive cost and
without environmentally harmful emissions. The process also
completely eliminates PCBs, a toxic additive banned under
international regulations.
In 2016 Hydrodec received carbon credit approval from the
American Carbon Registry ("ACR"), enabling its product to be sold
with a carbon offset and creating an incremental revenue stream.
The Group is now generating carbon offsets through the re-refining
of used transformer oil, which would otherwise ordinarily be
incinerated or disposed of in an unsustainable manner. This is a
highly distinctive feature for the Group, confirming (as far as the
Board is aware) Hydrodec as the only oil re-refining business in
the world to receive carbon credits for its output. This is a
significant endorsement of the Group's proprietary technology and
standing as a leader in its field.
Hydrodec's operating plant is located at Canton, Ohio, US.
Hydrodec's shares are listed on the AIM Market of the London
Stock Exchange. For further information, please visit
www.hydrodec.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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contact rns@lseg.com or visit www.rns.com.
END
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