Veolia Environnement and Total announce the creation of Osilub, a joint venture to develop a sustainable used motor oil recycling business.
As part of this initiative, Osilub will build a 120,000-metric-ton-per-year plant in Grand-Quevilly in the autonomous port zone of Rouen, France, to re-refine used motor oil into reusable petroleum products, including base stock of the same high quality as virgin oil. The €50-million facility is scheduled to come on stream in 2008.
The project is in line with the sustainable development programs of Veolia Environnement and Total and will help to efficiently manage product life cycles and promote the conservation of natural resources.
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