African and caribbean food products, cooking oil , rapeseed oil, cotton seed oil, canola oil, jatropha oil, soybean oil, groundnut oil, palm oil, corn oil , vegetable oil , frozen chicken, red bull, soft drinks, frozen french fries, wood pellets
Base oil sn60, 70, 100, 150, 350, 400, 500, 550, 600, 650, jet fuel a1, jp54, crude oil, bitumen 50,60/70, 90/100 & all grades of bitumen, used cooking oil, transformer oil, industrial oil, grease, lng/lpg, used motor or engine oil, motor oil, lubricants, additives and types of petroleum products
Base oil sn60, 70, 100, 150, 350, 400, 500, 550, 600, 650; jet fuel a1, jp54, crude oil, bitumen 50, 60/70, 90/100 & all grades of bitumen, used cooking oil, transformer oil, industrial oil, alltypes of grease, LNG/LPG, used motor or engine oil, all types of motor oil, lubricants, additives and types of petroleum products
Base oil sn60, 70, 100, 150, 350, 400, 500, 550, 600, 650; jet fuel A1, JP54, crude oil, bitumen 50, 60/70, 90/100 & all grades of bitumen, used cooking oil, transformer oil, Industrial oil, all types of grease, LNG/LPG, used motor or engine oil, all types of motor oil, lubricants, additives and types of petroleum products
Coffee, soya products, edible oils, precious metals, halal products, spices, Aa copy paper, frozen food of all type, beef - pork, corn, rice, used clothing, fresh ground coffee, green vegis, olive oil, palm oil, sunflower seed oil
Soybean oil, soybean seed, wheat grains, wheat flour, durum wheat, yellow corn/white corn, rice bran acid oil, rbd coconut oil, calrose/japonica rice 5% broken, premium jasmine rice 5% broken, long grain white rice 5% broken, long glutionous rice 10% broken, jasmine rice 100% broken, used cooking oil, sunflower oil, palm oil, crude corn oil, corn oil, canola oil, mazola oils, edible oils, olive oils, white /brown sugar, refined edible sunflower oil, avocado oil, sunflower acid oil
Used cooking oil, waste engine oil, waste paper , waste scrap heavy metal, waste cardboard, waste tissue.
Beef omasum, chicken tail, wings, paws & feet, aluminum ingots, used cooking oil, food and grains, rice and lentils, retail food products
Used engine oil, used cooking oil, base oil sn150, base oil sn500, patchouli oil, essence oil, damar batu.
Soybean oil, soybean seed , wheat grains, wheat flour, durum wheat , yellow corn/white corn, rice bran acid oil, rbd coconut oil, calrose/japonica rice 5% broken, premium jasmine rice 5% broken, long grain white rice 5% broken, long glutinous rice 10% broken, jasmine rice 100% broken, used cooking oil , sunflower oil, palm oil , crude corn oil, corn oil , canola oil, mazola oils, soybean oils, edible oils, olive oils, white /brown sugar, refined edible sunflower oil, avocado oil, sunflower acid oil
Used Cooking Oil , Rapeseed Oil, Cottonseed Oil, Canola Oil, Jatropha Oil, Soybean Oil, Groundnut Oil, Palm Oil, Corn Oil , Vegetable Oil , Frozen Chicken, Red Bull, Soft Drinks, Frozen French Fries, Wood Pellets
Oil seeds like pongamia, jatropha, castor, guyana jumbo peanuts, sorghum grain, soybeans, moringa leaf, moringa powder, energy seeds, used cooking oil
Base oil SN60, 70, 100, 150, 350, 400, 500, 550, 600, 650, jet fuel A1, JP54, crude oil, bitumen 50,60/70, 90/100 & all grades of bitumen, used cooking oil, transformer oil, industrial oil, grease, LNG/LPG, used motor or engine oil, motor oil, lubricants, additives and petroleum products
Veg Oil, Palm Oil, Rice, Skim Milk, Used Clothes, Tires Used And New
Olive oil, sunflower oil, cereals, frozen chicken, used rails
D2 Diesel Oil Gost 305 82, Jp54 Aviation Kerosene Colonial Grade, Urea 46%/prills, Lng, Lpg, Rebco, Mazut100 Gost 10585 75/99, Automotive Gas Oil(ago), Diesel Gasoil En 590, Espo, Diesel D6.
D6, Ja1, En590, Lco, Espo, Lng, Soybeans, Edible Oils, Portland Cement.
Ecofriendly household cleaning supplies, biodegradable laundry soap, olive oil, dates, olive soap, reverse osmosis filters, soybeans, icumsa 45 sugar, used tails, copper milberry, used rail
Soybean oil, soybean seed, wheat grains, wheat flour, durum wheat, yellow corn/white corn, rice bran acid oil, rbd coconut oil, calrose/japonica rice 5% broken, premium jasmine rice 5% broken, long grain white rice 5% broken, long glutionous rice 10% broken, jasmine rice 100% broken, used cooking oil, sunflower oil, palm oil, crude corn oil, corn oil, canola oil, mazola oils, edible oils, olive oils, white /brown sugar, refined edible sunflower oil, avocado oil, sunflower acid oil
Crude oil, copper cathode, aluminum ingot, used rail tracks
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)
