Hydrodec growing stronger after re-investments

2015-7-13 London South East

 United Kingdom, London: Hydrodec Group PLC, the advanced oil and chemical process technology company and a transformer oil refiner, has announced implementation of a new six-point plan to turn the company to profitability.

The company has recently commissioned the rebuilt, improved and expanded oil refinery in Canton, Ohio, USA, which is expected to be processing around 19 million litres of transformer oil by the end of 2015, and expand the company’s US market position, reports London South East.

The company has also concluded outsourcing arrangements with Southern Oil in Australia, and consolidated feedstock collection for its proposed lubricant re-refinery in the UK through the acquisition of Eco-Oil, according to Chairman Colin Moynihan.

Focused on building up its presence in the large lubricant oil re-refining market, the company will also be reviewing other growth options in the core transformer oil business.

Hydrodec has recently filed patent applications to protect its know-how in the transformer oil technology industry.

Source: London South East