Hydrodec Trading Update
Edison | Dec 15, 2014 07:15AM ET
Busy behind the scenes
Hydrodec (LONDON:HYR) has announced that it has arranged a $10m loan facility, which ensures the group has the cash required to expand operations beyond the six trains currently being prepared for installation. It is one of a sequence of actions taken during FY14, preparing the group to restart US transformer oil re-refining operations by end Q115 and to commence lubricant oil re-refining operations in the UK by end FY16. Our estimates and valuation remain under review until the new year.
Hydrodec is on track to recommence operations at the Ohio facility with six processing chains. This is 50% more capacity than December 2013 when a fire closed the facility, with minimal headcount increase. The new equipment incorporates a revised design, which gives improved process reliability, process flexibility, re-refining efficiency and output quality. The insurance claim, which paid out a total of $18.75m on final settlement, fully covers the cost of rebuilding the four original trains and the loss of business. In February the American Carbon Registry approved Hydrodec’s accounting methodology for generating carbon credits. In March Hydrodec applied for a patent regarding the modifications to the process, effectively extending the patent on the technology for another 20 years.
To Read the Entire Report Please Click on the pdf File Below
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.