BOMBAI, India, March 13, 2026 /PRNewswire/ — Concerning sustainability signed an exclusive memorandum of understanding with Indian Oil Company Limited to launch India’s first structured national initiative for the collection and recycling of used lubricating oils. The initiative will enable the systematic recovery and re-refining of used lubricants, thereby reducing reliance on virgin crude-derived base oils while conserving resources and reducing foreign exchange outflows.
The collaboration will establish a dedicated SPV to build a national reverse logistics and used lubricating oil collection network. The platform will aggregate lubricants from the industrial and automotive sectors and develop a re-refined base oil (RRBO) infrastructure to produce Group I and Group II+ base oils in partnership with Re Sustainability and its technology partners.
Mr. Bankim Patra, Country Head (Lubricants), Indian Oil Corporation Limited:
“As India’s largest integrated energy company, Indian Oil is committed to delivering solutions that enhance energy security and environmental responsibility. This collaboration supports the creation of sustainable value chains for the responsible recovery, reuse and circular use of lubricants.
The recovered oil will be transformed into re-refined base oil (RRBO) and reintroduced into the manufacture of lubricants. This circular approach reduces reliance on crude-derived virgin base oils and improves resource efficiency across the industry.
Mr. Masood Mallick, Managing Director and Group CEO, Re Sustainability Limited:
“India’s journey towards a circular economy requires large-scale systems that can capture value from complex waste streams and reintegrate them into productive use. Our partnership with Indian Oil marks a transformative step towards institutionalizing oil recycling on an industrial scale in India.
The partnership targets an annual collection of 100 KTA of used lubricating oils via a national network of aggregation, logistics and traceability systems. The initiative will also establish a 50-100 KTA capacity re-refining facility of Group II+ RRBOs.
It will also include the recovery and recycling of plastic lubricant containers, in accordance with the Extended Producer Responsibility (EPR) regulations.
India generates about 1.3 million tonnes of used lubricating oils annually, but only about 0.2 million tonnes are recovered through formal recycling. This initiative aims to expand formal recovery infrastructure, unlock the value of used lubricants and support India’s transition to a circular and resource-efficient economy.
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SOURCE Re Sustainability Limited
