Used oil refinery, oil refinery, refinery
Oil and gas products, including en590 diesel and jeta1 aviation fuel.
Sunflower oil, canola oil, palm oil, soybean oil, corn oil, used cooking oil, sugar, wheat, corn seeds
Base oil sn60, 70, 100, 150, 350, 400, 500, 550, 600, 650; jet fuel a1, jp54, crude oil, bitumen 50,60/70, 90/100 & bitumen, used cooking oil, transformer oil, industrial oil, grease, lng/lpg, used motor or engine oil, motor oil, lubricants, additives and petroleum products
Cooking oil, tyres, cars.
Nuts, Chemicals Products, Food And Beverages, Grains, Animal Feeds, Livestock, Health Products, Energy Drinks, Solve Drinks, Seeds, Cooking Oil, Used Oil, Seafood, Inboard/outboard Motor Engine, Spices, Coffee Beans, Green Mung Beans, Fava Beans, Soybeans, Wheat, Fertilizers
Coffee beans
Wheat, soybeans (non gmo soybeans or gmo soybeans), sugar (icumsa 45, icumsa 100, icumsa 150, icumsa 600 1200), canola seeds, casava and casava starch (tapioca), white maize, white corn, yellow corn, sulfur, urea 46,
sunflower oil, rapeseed oil, soybean oil, other edible oils, cooking oils, soybean meal (soymeal), animal feed, aluminum, copper cathode, hms steel & steel rail
Copper, rails, lng, lpg, fuel, diesel, gas oil
Copper Cathode, Copper Scrap, Milk Powder,
Sugar ICUMSA 45 100 150, Rail Steel, Paw and Feet Whole Chicken Frozen , Fuel Jet, Sunflower Oil , Toilet Papers, Barrels Steel, Jeans
Heavy forklifts and containermovers new and used , spare parts kalmar, sisu, ppm, linde, fantuzzi, ferarri cvs, valmet
Confectioneries, Agricultural Products, Water, Meat, Frozen Chicken, Sugar, Melt Blown Fabric, Frozen Pork, Electronic And Used Shoes
Urea 46, petroleum coke, bitumen vg 40, food liquid and powder flavors like saffron, vanilla, cardamom, cinnamon, orange, banana, strawberry , coffee , chocolate or cocoa, vanillin & vanilla powder, coffee beans & powder, used phones, pulled out cpu
Food and beverage, home decoration, kitchen machines, wood working machines, clothing and fashion, woods, general products, massage and spa oils, silk & thai handicrafts, automotive spare parts genuine, juices and drink, food products, clothing, furniture like hotel furniture, outdoor & garden furniture, home furniture, office furniture, wooden doors, furniture hardware & accessories
Almond nuts, black pepper, honey, walnuts, cashew nuts, corn meal, fish meal, soybean meal, black raisins, golden raisins fresh garlic, fresh ginger, red chilli, okra, golden linseeds, green cardamom, green lentils, groundnuts, macadamia nuts, madagascar clove, red onions, sesame seeds, soybean meal, soybean seeds, pistachio, sisal fiber, vanilla beans, green asparagus, white pepper, yellow corn, kidney beans, red beans, speckled beans, white beans, corn oil, soybean oil, sunflower oil, vegetable oil, arabica coffee, robusta coffee, arowana fish, black tiger shrimp, chia seeds, chickpeas, dry anchovy, dry mango powder, fertile duck eggs, fresh color capsicums, fresh brown eggs, fresh brown eggs, fresh habanero peppers, funnel seed, tea, hatching finch eggs, sunflower seeds, fresh onions, black pepper, yellow corn, a4 paper, aluminum scrap, hms, used rails, copper scrap, copper cathode, coltan, natural hazelnut kernels, alternator and motor scrap, iron ore
Wood Pellets, Pine Wood Pellets, Medical Syringes, Medical Clothing, Medical Sensors, Medical Equipment & Machinery, Medical Face Masks, Battery Scrap, Copper Scrap, Face Masks, Used Rails R50 R65,hms 1&2, Cast Iron Scrap, Ac/fridge Compressor Scraps, Hot Washed Pet Bottles, Milk Powder, Refined Sunflower Oil, Cavendish Banana, Friesian Holstein Cow, Boar Goat, Beef Omasum, Cow, Chicken Feet, Chicken Wings, Frozen Chicken Wings, Salted Butter, Wet Salted Donkey Hides, Wet Salted Cow Hides, Fresh Ginger/garlic, Soybean Meal, Pepper, Tapioca Chip, Rice, Sawdust, Yellow Corn, Sand, Garlic, Chili , Shrimp, Tea, Mango, Black Pepper, Alfalfa Hay, Timber Wood, Charcoal, Wood Pellet, Cavendish Banana, Chickpeas, Kidney Beans, Almond Nut ,energy Drink, Covid 19 Rapid Test Kits, Ruf Wood Briquettes,evian Water,,M&m,Mars,Milka,Nutella
The Environmental Protection Agency defines used oil as oils that are contaminated with chemical and physical impurities because it is refined from synthetic or crude oil. A simpler way to describe it is as any petroleum-based or synthetic oil that has already been in use. It can be recycled again for many purposes. One such purpose is that recycled used oil can protect soil and water against pollution. Some of the common examples of used oil are motor oil (from vehicles), used coolant oil (from mechanical systems), and hydraulic fluid (from machinery). There is always some confusion regarding the difference between used oil and waste oil. The major difference between them lies in which substance it is contaminated with. While used oil is contaminated through natural use, waste oil is contaminated from sources like spills, leaks, or a mixture of hazardous waste. Let's explore more about what factors classify oil as contaminated oil.
Any oil can only be classified as used oil if it:
The Thin Line between Used Oil and Hazardous Waste:
Sometimes, used oils (which are considered a universal waste) are misunderstood as hazardous waste, and vice versa. So, what sets them apart? Let's discuss the criteria that are used to differentiate between them:
The global trade market of used oil is expanding mainly because of its recycling and re-refining properties. The fluctuations in the prices of crude oil also make used oil a substitute for it in the global trade. Did you know that the US is the largest producer of used oil? It is to recycle the used oil domestically and to fulfill the demands of other importing countries as well.
There are several other factors that contribute to the rising demand for used oil in the global trading business. Those are as follows:
1. Recycling and Re-refining
The process of recycling and re-refining is done to remove water and contaminants using purification methods. Used oil goes through a series of procedures, such as dewatering, distillation, hydrogenation, and others. Used oil is re-refined to make new lubricating oils and fuel oils. These also have a very high demand in the trading industry. In the petrochemical industry, used oil is used as a raw material.
2. Environmental regulation
As mentioned earlier, used oil is also considered a natural waste. Through the process of re-refining, we're basically making use of something which could actually go to waste. This helps in reducing the environmental impact. So, global traders of used oil are able to be responsible towards the environment while making a great deal of profit through international markets.
3. Source of fuel
After removing the contaminants and water from used oil, it is burned in a specialized burner to generate heat. This can become an alternative to other fuels in multiple areas. This method is also a cost-effective method, which is what attracts the attention of used oil buyers from all over the world. They can easily maximize their profit margins by using multiple ways to recycle and re-refine it, or sell it as a source of fuel.
Now that the factors driving the trade industry of used oil are clear. Let’s now understand the minds of used oil importers and look at what exactly they are looking for. This can accelerate the process of connecting with suitable buyers.
If you’re an exporter of used oil, you can add various other products to your exporting business. As used engine oil buyers, seeking to expand their importing products, might also be included in the list of used cooking oil buyers. Here are some of the related products that you can include:
Some of the key information about the current market size of the used oil trading industry can have a significant impact on your exporting business. Here are a few of the important data points:
Global Market Size
Source: Precedence Research
Top Importing Countries for Used Oil (2024):
Source: Volza
In the trading business, connecting with the right kind of buyers is what actually seals the deal for gaining maximum profit. Here is what you can do to find reliable used oil buyers:
1. What is the best way to store used motor oil?
You can store motor oil in a leak-proof container in a cool and dry place. Make sure that the containers are clean and are kept directly in the sunlight.
2. What is the difference between waste oil and used oil?
While used oil is subsequently contaminated with physical and chemical impurities and can still be used, waste oil is contaminated from external sources and can no longer be used.
3. How long can used oil be stored?
It can be stored for a few months without becoming regarded as hazardous waste. It can be stored for even longer periods of time, depending on the storage conditions.
4. Is used oil hazardous?
Yes, used oils can be called hazardous because it contain toxic metals and are slow to degrade. But if it is stored in an appropriate place and is recycled quickly, then there is no reason to call it hazardous.
5. What are the regulations for used oil exports?
The regulations for used oil exports might vary in different countries. The basic ones include having a Prior Informed Consent (the written approval from all the concerned authorities). Moreover, exporting will only be allowed if the importing country confirms that it can manage the waste and not affect the environment.
6. Why is used oil recycling important?
It is important to recycle used oil to protect the environment and gain economic benefits.
7. Which are the top importing countries for used oil?
The top importing countries for used oil are Vietnam, Peru, and Colombia.
8. What are the different ways used oil can be recycled or reused?
The processes of re-refining, processing for fuel, and reconditioning are some of the ways through which used oil can be recycled and reused.
9. What is the used oil HSN code?
27109900 is the used oil HSN code.
10. What is the used oil price per litre?
The prices for used oil depend on multiple factors like location, used oil type, and others. However, you can expect an average price of INR 25 to 70 per litre for used oil.
India is producing a lot of used oil that is not being recycled, which is why the Indian government has introduced Extended Producer Responsibility. Now, producers will have to recycle 5% of the total production of used oil. (Full story: Energy Economics Times)
