AUG.L Share News (AUG)

(ShareCast News) - Waste management business Augean said it had signed a deal with Forth Ports Dundee to establish a state of the art facility in Dundee for the management of waste arising from the decommissioning of offshore equipment.This facility would enhance the opportunity for Augean to service the growing North Sea decommissioning market, a multi-billion pound programme decommissioning hundreds of offshore assets which is expected to be active for over 20 years.AIM-listed Augean said it was opening a new 25,000 square feet material transfer facility at the Port of Dundee.The facility, opening in early 2017, will enable the port to offer an integrated service to the emerging decommissioning market and will offer best in class infrastructure and operating techniques The new quayside and facility will be fully operational by the end of 2017 "offering an unrivaled decommissioning solution", Augean said.