In the early 1990's an engineer had an idea. What if we can stop consuming oil and better use the resources we have without compromising quality and reliability? That idea has become Hydrodec Group plc.
|2004||Hydrodec Group plc – IPO (AIM)|
|2006||Australia (Young) plant|
|2008||US (Canton) plant|
|2010||Japan – Hydrodec/Kobelco JV|
|2012||New management team|
In 1992, the Australian power industry tasked the Commonwealth Scientific and Industrial Research Organisation (CSIRO) to find a way to remove hazardous cancer-causing PCBs from used transformer oil and restore the oil to a condition that met all international standards for new transformer oil.
The team’s commitment and perseverance paid off, and within eight years, their results not only met industry expectations, it exceeded them. CSIRO was not only able to remove the PCBs from the transformer oil, the product they developed often out-performed new oil. Moreover, unlike any other process in the world, they could refine the transformer oil an indefinite number of times, allowing utilities to reduce their reliance on new oil supplies without sacrificing quality or performance.
The technology was patented, and in 2001, Hydrodec was formed, with global rights to commercialise the technology and the knowledge behind it. Hydrodec collects used transformer oil and manufactures, markets and distributes SUPERFINE™ transformer oil and naphthenic base oil at their facilities in Young, NSW Australia and Canton, Ohio USA with plans to expand to more facilities in Japan. The Group has been listed on AIM, the Alternative Investment Market of the London Stock Exchange, since 2004.
Hydrodec Group is a public company with global ownership of patented know-how in the application of sustainable technology for the power, oil, petrochemical and hazardous waste industries and a commitment to creation of sustainable value for shareholders, communities, customers and partners alike.