Motor Oil: a pioneer in the Circular Economy on an international scale

The circular economy, with its accent connected prevention, reuse, recycling, and recovery, is emerging arsenic a cardinal instrumentality for protecting the situation and ensuring sustainable development. In this context, Motor Oil has taken an progressive role, investing systematically and with a program successful activities that crook discarded into a utile assets and nexus concern advancement to biology responsibility.

An integrated ecosystem of companies
Motor Oil has created an integrated and multi-dimensional ecosystem of companies operating successful captious assets absorption areas. Firstly, LPC, with internationally recognised awards, is simply a pioneer successful the regeneration of utilized lubricants, demonstrating that the plan and accumulation of circular products utilizing prime recycled earthy materials tin service arsenic champion signifier astatine a European level.

For its part, Thalis, which joined the Group successful 2023, successful summation to businesslike discarded absorption successful modern Treatment Units, applies precocious h2o absorption methods, converting municipality wastewater into irrigation water, contributing to the extortion of earthy resources, particularly successful areas with accrued needs specified arsenic Crete. In addition, successful 2022, Motor Oil invested successful VERD, which, done its subsidiary Πράσινο Λάδι, has developed the largest nationwide postulation web for utilized edible oils (frying oils). Thanks to this activity, thousands of tons of discarded that antecedently polluted the situation are being converted into low-footprint biofuels, boosting the vigor transition.

Also, with the acquisition of Elector successful 2024, Motor Oil is emerging arsenic a existent person successful the circular system successful Southeast Europe. More specifically, Elektor, with decades of expertise, offers solutions crossed the full spectrum of discarded management, from the cognition of modern attraction plants, the betterment of invaluable recyclable earthy materials, to the liable incineration of infirmary waste. At its facilities successful Fili, high-risk streams are destroyed successful a harmless manner, portion the biogas produced is utilized to make thermal energy. In this way, the extortion of nationalist wellness is combined with the accumulation of a invaluable vigor resource.

Taking into relationship the fiscal results of this institution for the play until 30.06.2024, with the different activities of the Group, the full revenues from the circular system magnitude to much than 320 cardinal euros, with an operating profitability of astir 40 cardinal euros. These figures are not lone an indicator of concern momentum, but besides confirmation that the circular system has go a cardinal pillar of the Group’s growth.

In general, Motor Oil’s strategy is not constricted to idiosyncratic initiatives, but comprises a coherent pillar of activities that enactment sustainable development. The Group has the expertise, infrastructure, and imaginativeness to instrumentality champion practices astatine each step. The circular system is not a complementary activity, but 1 of the cardinal pillars that specify its concern model.

With this strategical direction, Motor Oil is demonstrating that liable maturation tin beryllium some concern sustainable and socially beneficial. At a clip erstwhile Europe is called upon to accelerate the modulation to greenish practices, the Group is present, strong, and acceptable to play a starring relation successful shaping a sustainable future.