HYR.L Regulatory News (HYR)

21 Mar 2006 07:30

HydroDec Group plc21 March 2006 Embargoed until 07:30 Tuesday 21 March 2006 HYDRODEC GROUP PLC GROWING MARKET ACCEPTANCE OF HYDRODEC REFINING Hydrodec Group plc ("Hydrodec") is pleased to announce a number of recent orderswhich demonstrates the growing acceptance of Hydrodec refining technology. Hydrodec has recently added to its expanding customer base for used oil refiningand Superfine brand transformer oil sales. Recent purchase orders include: * Treatment and refining of 230,000 litres of low level PCB contaminated transformer for a South Australian Utility with agreement to re purchase the refined product as new transformer oil.* Agreement to supply more than 200,000 litres of oil for refining from SP AusNet of Victoria.* Sale of 20,000 litres of Superfine transformer oil for use in transformer maintenance to a New South Wales Utility, a new Hydrodec customer.* Sale of 37,000 litres of Superfine transformer oil to a service company in Southern Australia for use in high voltage transformer retrofill work.* Smaller sales of Superfine to industrial users. Hydrodec has also used its Superfine transformer oil in the recently purchasednew transformer supplying power to the refining plant at its Young New SouthWales production site. Chairman John Gunn commented: "Hydrodec's Superfine brand transformer oil hasgained technical acceptance with an increasing number of the utilities in themarket place, underpinning the Hydrodec model through product oil sales, oilfeedstock sourcing and PCB contaminated oil treatment contracts. Growth in thecustomer base of Hydrodec is being assisted by increasing market acknowledgementof the sustainability benefits, strategic security of supply and economiccompetitiveness of Hydrodec's technology and products". -Ends- For further information please contact:- John Gunn, Chairman, HydroDec Group plc Tel: 020 7236 6236Nick Fox, M: Communications Tel: 020 7153 1530 About Hydrodec: Hydrodec was established to commercialise the Hydrodec technology which is anoil re-refining process designed to remove harmful contaminants such as PCBs.The Hydrodec technology is based on intellectual property comprising a protectedpatent in Australia and certain other jurisdictions developed by theCommonwealth Scientific and Industrial Research Organisation ("CSIRO") ofAustralia. Hydrodec has entered into an exclusive global license with CSIRO forthe marketing and distribution of the Hydrodec technology. Last year, it committed the sum of £1 million (one million pounds) to theconstruction of a new, larger Hydrodec plant capable of processing up to 20,000litres per day of speciality oils and/or chlorinated organic wastes. The Companyanticipates that the plant will be in operation by Spring 2006. When fullyoperational, the new plant will produce a near seven-fold increase in Hydrodec'sprocessing capacity. Since June 2004 a 3,000 litre per day Hydrodec plant has been operating inAustralia principally re-refining PCB contaminated transformer oils forAustralian power utilities. The technology has also been used to treat avariety of other chlorinated organic wastes, commonly referred to as "PersistentOrganics Pollutant" ("POPs"). This information is provided by RNS The company news service from the London Stock Exchange