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Share Price: 2.75
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Change: -1.50 (-35.29%)
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Change of Registered Office

Mon, 30th Sep 2019 11:09

RNS Number : 1491O
HydroDec Group plc
30 September 2019

30 September 2019


Hydrodec Group plc

("Hydrodec", the "Company" or the "Group")


Change of registered address


The Company announces that its registered address has been changed to International House, 24 Holborn Viaduct, London EC1A 2BN with immediate effect.


For further information, please contact:


Hydrodec Group plc


Colin Moynihan, Executive Chairman




Arden Partners plc (Nominated Adviser and Broker)

0207 614 5900

Ciaran Walsh




Vigo Communications (PR adviser to Hydrodec)

020 7390 0240

Patrick d'Ancona


Chris McMahon


Charlie Neish




Notes to Editors:


Hydrodec's technology is a proven, highly efficient, oil re-refining and chemical process principally targeted at the multi-billion US$ market for transformer oil used by the world's electricity industry. MarketsandMarkets forecasts that the global transformer oil market is expected to grow from US$1.98 billion in 2015 to US$2.79 billion by 2020 at a CAGR of 7.14% from 2015 to 2020. Used transformer oil is processed with distinct competitive advantage delivered through very high recoveries (near 100%), producing 'as new' high quality oils at competitive cost and without environmentally harmful emissions. The process also completely eliminates PCBs, a toxic additive banned under international regulations.


In 2016 Hydrodec received carbon credit approval from the American Carbon Registry ("ACR"), enabling its product to be sold with a carbon offset and creating an incremental revenue stream. The Group is now generating carbon offsets through the re-refining of used transformer oil, which would otherwise ordinarily be incinerated or disposed of in an unsustainable manner. This is a highly distinctive feature for the Group, confirming (as far as the Board is aware) Hydrodec as the only oil re-refining business in the world to receive carbon credits for its output. This is a significant endorsement of the Group's proprietary technology and standing as a leader in its field.


Hydrodec's operating plant is located at Canton, Ohio, US.


Hydrodec's shares are listed on the AIM Market of the London Stock Exchange. For further information, please visit www.hydrodec.com.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
Date   Source Headline
24th Mar 20201:08 pmRNSCanton facility update
14th Feb 20207:00 amRNSTrading Update
2nd Jan 20204:47 pmRNSHolding(s) in Company
24th Dec 20197:00 amRNSFinancing update
6th Dec 20197:30 amRNSDirectorate Change

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