Report

Flash note: Update on Ohio re-refinery

Hydrodec has identified further minor equipment integrity issues at its Ohio site. The first two of the six processing trains at the site remain operational. However remedial works mean that it will take longer than originally planned to bring all six of the processing trains into operation, so management no longer expects to be able to hit its stated production target from the site this year. We place our estimates under review until there is more clarity on the schedule for bringing all six trains into operation.Hydrodec200815Flash.pdf"
Underlying
Hydrodec Group PLC

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.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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