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Nature Group establishes Joint Venture in Panama

6 Jun 2012 07:00

RNS Number : 7322E
Nature Group PLC
06 June 2012
 



6 June 2012

 

NATURE GROUP PLC

("Nature Group" or the "Company")

 

"Nature Group establishes Joint Venture in Panama"

 

Nature Group, (AIM:NGR), the provider of port reception facilities and waste treatment solutions for the oil, marine and process industries announces that its subsidiary, Nature Port Reception Facilities (NPRF) Holdings Ltd., has signed a joint-venture with the Panamanian Company, Sociedad Latino Americana de Inversiones, S.A. (SLI), to build and operate a maritime waste logistics and processing company named Nature Port Reception Facilities (NPRF) Panama, S.A.

 

With the investment in this joint venture, Nature is implementing its growth strategy to become a global supplier of maritime waste services, providing its customers with an efficient and sustainable solution to dispose of their waste in the major shipping hubs in the world.

 

The investment will consist of a modern processing facility equipped with proven Nature technologies to process all Marpol waste classes. Waste will be collected by our own tanker vessels which will enable a high service level and absolute safety.

 

Nature aims to start its operations in the second half of 2013 with the collection of waste and it is anticipated that the processing facility will be operational by the end of 2013.

 

Andreas Drenthen, the CEO of Nature comments:

"Starting operations in Panama enables Nature to service our customers in one of the most important shipping hubs in the world. With the Panama Canal expansion underway, the potential is expected to exceed 20,000 canal transits annually. Our partner, SLI, provides us with the position, experience and support that we are looking for in this market. Our presence will be a great benefit for our customers, improving their logistical support operations and helping them reduce their environmental liabilities.

 

- ends -

 

About SLI:

An Investment Holding Company with its head office in Panama City, Panama. Active throughout Latin America, with investments and operations in telecommunications, agribusiness, logistics, maritime services, real estate, hotels and the entertainment industry. SLI has an exclusive contract to develop a Port Concession in Panama which currently hosts a Fuel Oil Terminal named Petroamerica Terminal, S.A. and a Container Terminal named PSA Panama International Terminal, S.A.

About Nature Group:

A company with more than 25 years of experience in waste water treatment and a commitment to a corporate social responsibility (CSR), strategy that enables us to set new standards in maritime pollution control. Nature Group combines port reception services and facilities, offshore treatment services and the latest sustainable waste treatment technologies.

 

For further information please visit www.ngrp.com or contact one of the following:

 

 

Nature Group:

Bernard Muller, Chairman

Tel 0031 6533 057 75

bernard.muller@ngrp.com

Andreas Drenthen, CEO

Tel 0031 181 291 144

andreas.drenthen@ngrp.com

Kieron Becerra, FD

Tel 0035 0200 444 68

Kieron.becerra@ngrp.com

Robin Baris (PR & Marketing)

Tel 0031 181 291 144

robin.baris@ngrp.com

WH Ireland:

James Joyce / Nick Field, Nominated Adviser

Tel 0044 2072 201 666

Seb Wykeham / Ruari McGirr, Broking

Tel 0044 2072 201 666

Hermes Financial PR:

Chris Steele

Tel 0044 7979 604 687

Trevor Phillips

Tel 0044 7889 153 628

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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