20th Jan 2016 09:00
LONDON (Alliance News) - Nature Group PLC on Wednesday said it expects cost savings for its Texas-based unit after it secured approval for its new autoclave system on the Gulf Coast.
Nature, which provides port reception facilities and waste treatment services in the oil, marine and process industries, said its Nature Environmental & Marine Services LLC unit has started processing waste through its autoclave system. The system is designed to process solid waste received from vessels calling at the Texas Gulf Coast.
The new system will allow the Nature unit to process its own collected US Department of Agriculture regulated waste, eliminating the need for third-party processors and therefore cutting costs for the business.
Nature shares were up 5.0% to 10.5 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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