7th Jan 2016 08:21
LONDON (Alliance News) - Industrial oil re-refining company HydroDec Group PLC on Thursday said it has achieved a milestone at its Canton re-refinery in Ohio in the US and has made progress at the re-built site.
HydroDec said the refinery has achieved a '500hr' oil status, which qualifies the oil produced to be high quality transformer oil and which is a pre-requisite for entering the larger power transformer market.
The company also said it has hit a production record for Canton of over 94,000 litres per day. The re-refinery produced a total of 10.5 million litres of processed oil in 2015, in line with its expectations.
HydroDec shares were up 9.1% to 3.00 pence early Thursday, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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