Shell has launched a used oil management service to streamline India’s waste oil disposal system and increase refining rates, the company said.
It aims to achieve the goals of circular economy while reducing waste.
“This is part of Shell’s overall commitment to achieving net-zero emissions by 2050,” it said.
As part of the initiative, Shell has partnered with used oil refiners to begin collection and reprocessing of used oil on a pan-India basis.
The service aims to create an ecosystem to replace used oil disposal, which is acknowledged as the biggest challenge in the industry in promoting the circular, the company said.
Manasi Tripathi, Vice President, Shell Lubricants Asia Pacific, said, “The Used Oil Management Service is the latest testament to how we are leading the process of reducing waste along with the industry’s large environmental footprint in India. “
“We aim to play a key role in embedding circular economy in lubricants and see a high growth potential for this service to reduce waste and thereby, reduce our overall emissions. We will continue to explore opportunities to support our customers in reducing their emissions through our products and services,” she said.
“This initiative reinforces that value and will help us support our customers with a more holistic value proposition that goes beyond lubricants. Even more important is the fact that we now have an opportunity to take the first step towards a circular economy,” said Debanjali Sengupta, Country Head, Shell Lubricants India.