Join Kunal Mahajan, a Project Manager in Kline’s Energy/Petroleum Practice as he presents insights from the recently published Global Used Oil and Re-refined Lubricants: Market Analysis and Opportunities report.
The webinar will be held Wednesday, July 20, 2016 at 9:00 AM EDT|1:00 PM GMT
You Will Learn About:
- Key market developments and industry trends
- Regions where growth opportunities exist
- How the market is performing
Click here to register.
The used oil re-refining market has evolved tremendously in recent years. From being a disposal liability, used oil is now a product with significant economic value. The growth in basestock prices creates the incentive to maximize used oil collection. At the same time, the used oil collection infrastructure and re-refining technology continues to improve. This has motivated a number of new re-refining projects, especially in North America. However, the rapid growth in re-refining capacity brings its own challenges. With growing re-refining capacity, the competition to acquire used oil and sell re-refined basestocks is increasing. This will affect the viability of many re-refining projects.