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Share Name | Share Symbol | Market | Stock Type |
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Vert-Eco | VRT | London | Ordinary Share |
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Posted at 28/11/2004 06:21 by sagem But the news on HydroDec, its new product that cleans polluted oil, is encouraging. Tests suggest that cleaned-up lubricants can be reused up to five times - just the job with crude oil prices above $40. Giant BP Castrol is taking a look at the process. That should help Virotec but is even better news for Vert-Eco (10¼p), the shell company floated by ex-moneybroker John Gunn and serial investor Nigel Wray. Vert-Eco has agreed to buy HydroDec for £7m, made up of an issue of new shares to Virotec plus a dash of cash. HydroDec is talking confidently of a major expansion of its manufacturing plant |
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