11 Apr 2014 07:00
11 April 2014
NATURE GROUP PLC
("Nature Group" or the "Company")
Development and Planning Approval
Nature Group, (AIM:NGR), the provider of port reception facilities and waste treatment solutions for the oil, marine and process industries is pleased to announce that its subsidiary in Gibraltar, Nature Port Reception Facilities (NPRF) Ltd, was granted planning permission by the Development & Planning Commission (the "DPC") of the Government of Gibraltar (the "Government") on 10 April 2014 for the re-building of its Waste Oil Reception Facility situated at the North Mole.
This award of planning permission by the DPC is the result of months of constructive discussions with the Government and follows both an Environmental Impact Assessment ("EIA") and extensive evaluation of the detailed engineered design for the rebuild of the Waste Oil Reception Facility storage tanks, which will be in compliance with the latest European and local legislation.
The reconstruction of the tanks and facilities is expected to take up to 12 months and the new facility will be able to store waste oil products, thereby reducing current logistical challenges attributed to, and dependence on, floating storage only.
Andreas Drenthen, the CEO of Nature Group Plc, commented:
"We are very pleased to have been granted permission by the DPC to rebuild our storage facility at the North Mole. Through our investment in the new facility we will be able to further improve the services to vessels calling at the Port of Gibraltar. Gibraltar forms an important part of Nature's Maritime division and is an integral part of our strategy to build a worldwide network of port reception facilities."
Enquiries:
Nature Group PLC | |
Nigel Sandy, Chairman | Tel: +44 (0)1208 816 744 |
Andreas Drenthen, CEO | Tel: +31 1812 911 44 |
Kieron Becerra, FD | Tel: +35 0200 444 68 |
Cenkos Securities plc | |
Neil McDonald | Tel: +44 (0)131 220 9771 / +44 (0)207 397 1953 |
Beth McKiernan | Tel: +44 (0)131 220 9778 / +44 (0)207 397 1950 |
Hermes Financial PR | |
Chris Steele | Tel: +44 (0)7979 604 687 |
Trevor Phillips | Tel: +44 (0)7889 153 628 |
About Nature Group:
A company with more than 25 years' experience in waste water treatment and a corporate social responsibility (CSR) strategy that enables us to respond to the ever expanding and demanding legislative framework.
Nature Group combines port reception services and facilities, offshore treatment services and the latest sustainable waste treatment technologies in a steadily growing global network. Nature Group is traded on the AIM market, (ticker: NGR).www.ngrp.com