A business which specialises in the recycling and treatment of waste lubricating oils has expanded into the United States.
Stourport-based Slicker Recycling has acquired Ohio-based Hydrodec, a firm which collects and hydrotreats used transformer and naphthenic oils.
The acquisition sees Slicker increase its global footprint following the opening last year of a £70 million oil re-refinery in Denmark through a joint venture with German partner Avista.
This latest deal sees a team of 19 employees at the US firm becoming part of Slicker, with the company’s managing director Mark Olpin pledging to grow the business further in the years ahead.
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He said: “Hydrodec is a well-respected, technologically advanced and hugely successful business with customers across the US and global energy sector.
“The transformer oil the company produces is essential to run electric grids and the carbon credits the process generates is a global first for this type of activity.
“That’s a really exciting opportunity for us and not only does the acquisition allow us to enter the North American market for the first time but it is a perfect fit in terms of our future plans and green credentials.
“As the world moves towards a carbon neutral footprint, the potential to put even more recycled oils back into the market is huge.”
Since the launch in July 2020, its oil re-refinery in Denmark has regenerated more than 110 million litres of lubricant base oils for the international market, with 75 million supplied from the UK, saving around 40,000 tonnes of carbon emissions.