14 November 2016 – partnership agreement
The group has revealed that it is to open a specialist waste management hub at the port of Dundee – this will be responsible for managing waste arising from the decommissioning of offshore equipment. This facility will enhance the opportunity for Augean to service the growing North Sea decommissioning market which is likely to be a multi-billion pound programme decommissioning hundreds of offshore assets over the next 20 years. The new facility is expected to open in January next year and is a positive development in the strategy of expanding in the North Sea decommissioning market. The shares remain a BUY.