Re Sustainability, Indian Oil Corporation Partner for Used Oil Recycling in India
Analysis based on 13 articles · First reported Mar 13, 2026 · Last updated Mar 13, 2026
This collaboration between KKR===Re Sustainability and Indian Oil Corporation is expected to positively impact the environmental services and oil & gas sectors in India. It will reduce India's reliance on virgin crude, promote a circular economy, and potentially create new market opportunities for re-refined base oils.
KKR===Re Sustainability and Indian Oil Corporation have signed an exclusive Memorandum of Understanding (MoU) to launch India's first structured national initiative for the collection and recycling of used lubricating oil. This partnership aims to establish a nationwide reverse logistics and collection network for used lubricants from industrial and automotive sectors. A dedicated Special Purpose Vehicle (SPV) will be created to develop Re-Refined Base Oil (RRBO) infrastructure, producing Group I and Group II+ base oils. The initiative targets an annual collection of 100 KTA of used lubricating oil and the establishment of a re-refining facility with a capacity of 50 to 100 KTA of Group II+ RRBO within three years. This circular approach will reduce India's dependence on virgin crude-derived base oils, conserve natural resources, lower foreign exchange outflows, and include the recycling of plastic lubricant containers in line with Extended Producer Responsibility (EPR) regulations. The collaboration is a significant step towards strengthening India's environmental infrastructure and circular economy.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard