AUTOMOTIVE OIL RECYCLING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Automotive Oil Recycling Market, By Oil Type (Engine Oils, Transmission Fluids, Brake Fluids, Greases, Gear Oils, Hydraulic Fluids, Others), By Collection Method (Garages & Service Stations, Automotive Manufacturers, Re-Refineries, DIY Collection Centers, Municipal Collection Centers, Independent Collectors, Others), By Technology (Vacuum Distillation, Thin Film Evaporation, Hydroprocessing, Clay Treatment, Acid/Caustic Treatment, Distillation, Others), By End-use Industry (Automotive, Industrial, Marine, Others), By Sales Channel (Direct Sales, Indirect Sales), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Recent Developments:

New product launches:

In 2022, Shell is a multinational oil and gas company launched used oil management practices to re-refined and dispose of used oil.
In June 2022, Safety-Kleen introduced BRAND OF BASE OILS, 10 kg of carbon dioxide are prevented from being released while using re-refined base oil instead of a regular refining procedure.

Acquisition and partnerships:

In September 2022, Heritage-Crystal Clean acquired Enevo's used oil collection business in Finland. This expanded its collection network in Europe.
In February 2021, Safety-Kleen acquired McKenna Environmental's used oil collection assets in Canada. It increased Safety-Kleen's customer base and infrastructure.
In December 2020, FCC Environmental partnered with Nexus Fuels to supply recycled base oils. The partnership enhanced both companies' circular economy credentials.