Flash note: Busy behind the scenes
Hydrodec has announced that it has arranged a $10m loan facility, which ensures the group has the cash required to expand operations beyond the six trains currently being prepared for installation. It is one of a sequence of actions taken during FY14, preparing the group to restart US transformer oil re-refining operations by end Q115 and to commence lubricant oil re-refining operations in the UK by end FY16. Our estimates and valuation remain under review until the new year.Hydrodec Group is a clean-tech industry oil re-refining group with operations in the U.S. and Australia. Co.'s principal activity is the re-refining of used transformer oil into, and the sale of, new SUPERFINE™ oil.
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