As reported in the news, we announced recently that the agreement to establish the first joint operating entity to use Hydrodec technology in Japan, Pacific Eco Refining, has been formally executed.

This marks a significant milestone in our corporate and operational expansion into the Asian market, and our first joint statement with our Japanese strategic alliance partner, Kobelco Eco-Solutions.

From the announcement:

Mark McNamara, Chief Executive of Hydrodec, said: “Considerable progress has already been made by Hydrodec and Kobelco since we established the strategic alliance. With the signing of the first operating agreement, we now have the foundations on which to roll out and operate our first plant in Japan. Kobelco have been outstanding partners and we look forward to continue our work with them to deliver a proven, environmentally friendly and safe solution for the treatment of toxic industrial waste oil.”

A spokesperson for Kobelco said: “Our alliance with Hydrodec has made excellent progress and we believe the potential for this technology across Asia is considerable. Japan is leading the world in addressing the global  problem of PCB-contaminated transformer oil and together with our partner we will ensure that Japan and other countries will for the first time have an economically-viable process that not only benefits the economy but also our environment.”

Please see related news using the links below:

Japan-related RNS