Update: Regaining momentum
Hydrodec is on track to resume production at the Ohio facility in May, witha 50% expansion in nameplate capacity compared with December 2013.
The acquisition of Eco-Oil in April strengthens Hydrodec’s platform for UK
production of re-refined oil. We adjust our FY15 estimates to reflect the
acquisition, movement in oil prices, currency rates, relocation of the
Australian operation and lower collection volumes in the UK recycling
business, and revise our indicative valuation to £108m (14.5p/share).
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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