The plants do seem to suffer a similar problem, bad smells. In the UK with dense population, if this is an actual by-product of the process in question (rather than something unrelated), i can see there being as problem getting the correct permits etc. http://www.dispatch.com/content/stories/local/2011/11/01/neighbors-want-stink-to-stop-at-heartland-petroleum.html http://www.dispatch.com/content/stories/local/2012/06/03/fire-strikes-plagued-petroleum-refinery.html. Issues around air scrubbers, lack of or not willing to pay for new ones... ? Doing some more digging on CEP, they probably wont be financial partners.
RE: Confused of Sherwood Forest
I remember the Evergreen fire. The plant was very old, I believe they had a number of outstanding safety problems. As to the Finish plant, the problems stemmed from trying to build a used oil channel after building the plant. They relied on Russian oil collection and working through at best, layers of bureaucracy, at worst a corrupt system. Looking into it, since companies at the time (now changed) have to pay extra for disposing of waste oil beyond a certain amount, even if going to a refiner, most of the waste is not reported correctly. In addition, there was an export duty similar to crude oil, so I guess margins were pretty thin. They also had large debt issues... so maybe not as clear cut as it seems. Building a new plant based on new tech, that's much more risky and takes longer to commercialise, than partnering with off the shelf development. The tech may be old, hell the roots of Superfine are fairly old, but the key I guess would be to enhance it with Hydrodec's IP.
Confused of Sherwood Forest
This has spooked me guys. I thought I had invested in a business that has novel patented technology and which 6 months ago could be adapted to rerefining waste automotive lubes. Now they announce a deal to use CEP's technology, which was adapted in 1988 from the KTI technology. The owner of KTI actually sold out to Mannesmann in 1988 but retained KTI's first rerefinery in Newark, California called Evergreen Oils. CEP was a sister company to Evergreen. CEP's technology has always included hydro-finishing to Group II but is no longer leading edge. The Evergreen refinery was destroyed by a fire 2 years ago and Evergreen Oils went in to Chapter 7 administration. The business was acquired by Safety-Kleen who will reportedly shut it down. CEP's latest refinery was built in Finland. There were numerous technical problems and the Finnish company filed for bankruptcy 6 months ago. Hardly a good endorsement for Hydrodec's own technology that they have spent millions developing
I've got to say, when I first heard about ESSAR , I had some misgivings based on past experiences with similar companies/structure etc. There may be some future ESSAR collaboration, but CEP certainly seems a better fit all round.
Not new info, but nice touch/feel good factor www.hydrodec.com/download/pdf/press-release/signing-of-the-engineering-licensing-and-technology-agreements-with-CEP-corporation.pdf
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