Ohio attorney general sues landscaping company for illegal waste dumping – Waste Today Magazine

Ohio attorney general sues landscaping company for illegal waste dumping – Waste Today Magazine

Canton, Ohio-based Hydrodec of North America, a naphthenic oil treatment and re-refining company, has been acquired by United Kingdom-based Slicker Recycling Ltd. for an undisclosed amount.

Slicker, which is headquartered near Birmingham in the U.K., says the acquisition increases its global footprint following the 2020 opening of its $95 million base oil re-refinery in Denmark through a joint venture with its German partner, Avista AG.

The Hydrodec transaction sees a team of 19 employees at the Canton refining business becoming part of Slicker, with the Slicker’s managing director, Mark Olpin, pledging to grow the business further. “Hydrodec is a well-respected, technologically advanced and successful business with customers across the United States and global energy sector,” says Olpin.

He continues, “The SUPERfine transformer oil the company produces is essential to run electric grids and the carbon credits the process generates is a global first for this type of activity. That’s a really exciting opportunity for us and not only does the acquisition allow us to enter the north American market for the first time, but it is a perfect fit in terms of our future plans and green credentials.”

Hydrodec received carbon credit approval from the American Carbon Registry in 2016 enabling its product to be sold with a carbon offset and creating an incremental revenue stream, according to Slicker.

The U.K. firm also cites a recent U.S. study it says estimated the global transformer oil market reached a value of $1.5 billion in 2020 and is expected to grow by a further 11.5 percent by 2026.

“This fantastic opportunity has come when the spotlight has been on the COP26 conference with world leaders agreeing [to] a series of environmental and net-zero commitments,” adds Olpin. “The circular economy and the private sector are vital elements of that jigsaw, so we are delighted to be playing our role, expanding further, and taking our green credentials to new customers here in the United States.”

The Hydrodec oil re-refining process allows transformer oils to be re-refined into SuperFine transformer oil, which has specifications equivalent or superior to that of new transformer oil, says Slicker. The technique is designed to allow the electricity industry to reduce its exclusive reliance on new oil supplies without having to make compromises in quality and performance.

The company also is researching ways to apply the process to other naphthenic oils, such as cable oils, eliminating lifetime product stewardship liabilities and potentially reducing the need to refine new sources of crude oils.

Source: http://www.wastetodaymagazine.com/Ohio-attorney-general-sues-landscaping-company.aspx