Hydrodec logo

HYR - Hydrodec News Story

3.75p 0.0  0.0%

Last Trade - 1:47pm

Market Cap £1.06m
Enterprise Value £11.7m
Revenue £12.2m
Position in Universe 1781st / 1809

EPA issues draft approval

Wed 25th April, 2012 4:16pm
RNS Number : 0739C
HydroDec Group plc
25 April 2012

 25 April 2012 

Hydrodec Group plc

US Environmental Protection Agency ("EPA") issues a draft national PCB disposal and commercial storage approval to the Hydrodec Group for public comment

Hydrodec Group plc, the cleantech industrial oil re-refining group, is pleased to announce that the EPA has posted a public notice on its website (www.epa.gov/pcb) and in news publications in the Canton, Ohio region regarding its intent to issue Hydrodec with a permit for the storage and treatment of polychlorinated biphenyl ("PCB") contaminated used transformer oil in the US.

The notice states that the EPA has determined that Hydrodec has demonstrated it is capable of operating its PCB destruction process in an effective and safe manner and also that its commercial storage application meets all applicable requirements.  As a result, the EPA has issued a draft national PCB disposal and commercial storage approval for Hydrodec for public comment. 

A public comment period has now begun and will last for 30 days.  During this comment period, a public meeting may be requested.  If so, a public meeting will be scheduled within 30 days of the close of the comment period for interested members of the community to meet with EPA representatives to comment on the draft approval.  Subject to this process proceeding satisfactorily and certain administrative formalities, Hydrodec would anticipate being able to process PCB contaminated oil at some point during the third quarter.

Final EPA approval will add to the volumes of used oil available to Hydrodec but, as importantly, it will lend further credibility to the Hydrodec process in the US, offering utilities and other suppliers a "one-stop shop" and environmentally-friendly solution for all their used transformer oil.

Additional information can be found on Hydrodec's website at www.hydrodec.com/environment-and-community; further updates will be provided in due course.

For further information please contact:

Hydrodec Group plc

020 7786 9810

Ian Smale, Chief Executive

Mike Preen, Head of Corporate and Legal Affairs

Numis Securities Limited (Nominated adviser/joint broker)

020 7260 1000

Nominated Adviser: Hugh Jonathan

Corporate Broker: David Poutney, Alex Ham


Cenkos Securities plc (Joint broker)

Corporate Finance: Adrian Hargrave

Sales: Christian Hobart




020 7397 8900

Luther Pendragon (PR adviser to Hydrodec)

020 7618 9100       

Neil Thapar, Alexis Gore


This information is provided by RNS
The company news service from the London Stock Exchange
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.