Business
Re Sustainability and Indian Oil Join Hands to Create India's First Integrated Used Oil Circular Economy Ecosystem
Re Sustainability has signed an exclusive MoU with Indian Oil Corporation Limited to launch India's first structured national initiative for the collection and recycling of used lubricating oil. The initiative will enable systematic recovery and re-refining of used lubricants, reducing reliance on virgin crude-derived base oils while conserving resources and lowering foreign exchange outflows.
About this update from Indian Oil Corp. Ltd.
[{"type":"text","content":"MUMBAI, India, March 13, 2026 /PRNewswire/ -- Re Sustainability has signed an exclusive MoU with Indian Oil Corporation Limited to launch India's first structured national initiative for the collection and recycling of used lubricating oil. The initiative will enable systematic recovery and re-refining of used lubricants, reducing reliance on virgin crude-derived base oils while conserving resources and lowering foreign exchange outflows.","length":446,"tagName":"p"},{"type":"image","alt":"Re Sustainability Logo","displaySize":"","headline":null,"caption":"Re Sustainability Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":283,"url":"https://media.zenfs.com/en/prnewswire.com/8f5d412da5f2e20a10e2b108979a0e46"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5pjUse0Y6PxpU41_aucfVw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ5OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/8f5d412da5f2e20a10e2b108979a0e46","width":400,"height":283}}},{"type":"text","content":"The collaboration will establish a dedicated SPV to build a nationwide reverse logistics and collection network for used lubricating oil. The platform will aggregate lubricants from industrial and automotive sectors and develop Re-Refined Base Oil (RRBO) infrastructure to produce Group I and Group II+ base oils in partnership with Re Sustainability and its technology partners.","length":379,"tagName":"p"},{"type":"text","content":"Mr. Bankim Patra, Country Head (Lubes), Indian Oil Corporation Limited:"As India's largest integrated energy company, Indian Oil is committed to advancing solutions that strengthen energy security and environmental responsibility. This collaboration supports the creation of sustainable value chains for responsible recovery, reuse, and circular utilisation of lubricants."","length":388,"tagName":"p"},{"type":"text","content":"Recovered oil will be processed into Re-Refined Base Oil (RRBO) and reintroduced into lubricant manufacturing. This circular approach reduces reliance on virgin crude-derived base oils and improves resource efficiency across the sector.","length":236,"tagName":"p"},{"type":"text","content":"Mr. Masood Mallick, Managing Director & Group CEO, Re Sustainability Limited:"India's journey towards a circular economy requires large-scale systems that can reco...