15th Oct 2014 07:30
LONDON (Alliance News) - Hydrodec Group PLC shares were given a boost early Wednesday after the company said it has received confirmation from its insurers of additional payments totalling USD3.7 million related to its claim on the fire at its Canton re-refinery in Ohio in December 2013.
The cleantech industrial oil re-refining company said this, in addition to the USD12 million in interim payments previously received, takes the total interim payments received or agreed to be paid by its insurers to USD15.7 million.
The group also said it remains on track with the work on rebuilding and expanding the Canton plant, with the plan to have all six trains on the site commissioned and operational by the end of the first quarter of 2015.
Hydrodec shares were up 5.9% to 9.79 pence in early trade, making it one of the best performers on the AIM All-Share index.
By Sam Unsted; [email protected]; @SamUAtAlliance
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