Hydrodec Group Plc, a clean-tech industrial oil re-refining group, has announced that Hydrodec (UK) Ltd, a subsidiary of the company, has completed the disposal of its Knowsley office premises, plant and associated assets in the UK to Mulberry Waste Ltd for approximately £685 000 in cash.
Operationally, Hydrodec UK has two transfer stations in the North West of England, Knowsley and Manchester, and, going forward, oil collection operations will be based out of its Manchester transfer station. In addition, as part of the disposal, Hydrodec UK has entered into a commercial arrangement with Mulberry for it to process workshop waste on behalf of Hydrodec UK.
Commenting on the disposal, Ian Smale, Chief Executive of the company said: "Hydrodec UK has responded, and continues to respond to, and operate in, a tough trading environment. The disposal of the Knowsley office premises and plant is part of the process of realising operating efficiencies through the transition of the OSS and Eco-Oil businesses under a combined Hydrodec (UK) operating structure and brand. This combined Hydrodec (UK) operating structure will provide the security of feedstock supply which underpins the rationale and longer term strategy for a UK re-refinery."
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/refining/12102015/hydrodec-uk-disposes-of-knowsley-plant-1579/