The global automotive oil recycling
market has displayed rapid growth over the last couple of years. The sector is projected
to grow at least 10% by 2026.
industrial applications rely a great deal on recycled oil, according to Transparency
Market Research. In fact, more than 75% of automotive recycled oil is used for
driving wind turbines, power plants, cement kilns as well as big (steel and asphalt)
It is noted that the motor oil collection and recycling infrastruture is well organised in both North America and Europe.
increase in sales of vehicles is expected to propel the demand for engine oil in
the coming years. This will likely boost the demand for oil as well as the automotive
oil recycling market, especially in the Asia Pacific region and Europe. New government
regulations on the disposal of hazardous substances will also contribute to
strong growth in this niche recycling sector.
In China, fuel demand will increase by
about 20% by 2026, while Japan will see a roughly 10% fuel demand decline. Owing
to India’s booming car and two-wheeler market, fuel demand is expected to surge
50% in the next few years.
Leading players in the automotive oil recycling industry include:
- World Oil Corp.
- Safety-Kleen Systems, Inc.
- Waste Management
- DIRK Group
- Lube Oil Re-refining Co., LLC
- Pesco Beam Environmental Solutions Pvt. Ltd.
- Oil Re-refining Co., Inc.
- Alter Fuel Corp.
- Auto Blue Oils
- IFP Petro Products (P) Ltd.
Meanwhile, US oil analysis firm
TestOil has started a dedicated waste oil recycling programme this month. The
scheme will reclaim used oil to heat the company’s headquarters, located in
Cleveland, Ohio, thanks to a state-of-the-art Clean Burn waste oil furnace.
Burn, based in Wisconsin, says just two gallons of waste oil can provide
electricity to run an average household for up to 24 hours. The new unit installed
at TestOil’s site is ‘pretty much the Cadillac of oil burning furnaces’, comments
company engineer Lucian Szokai. He estimates the system will be able to recycle
about 500 gallons of waste oil per year.
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