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Slicker Recycling confirms US acquisition deal

Slicker Recycling, a specialist in the recycling and treatment of waste lubricating oils, has announced the takeover of Ohio-based Hydrodec, a firm that collects and hydrotreats used transformer and naphthenic oils from its Canton facility in the north-east of the US state.

 

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The Hydrodec plant in Canton

The acquisition sees Slicker, which is headquartered in Stourport-on-Severn, increasing its global footprint and building its circular economy credentials after the 2020 opening of its £70 million base oil re-refinery in Denmark through a joint venture with German partner, Avista AG.

The 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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Mark Olpin – managing director of Slicker Recycling

Mr Olpin 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.

We are recognised as a leader in sustainable waste management in the UK and Europe so the deal allows us to broaden our network, build on the success we’ve seen both in the UK and at our re-refinery in Denmark, and ultimately accelerate our pursuit of doing the right things for our planet on a larger scale. As the world moves towards a carbon neutral footprint the potential to put even more recycled oils back into the market is huge.

It is also a deal which comes as the spotlight has been on the COP26 conference in Glasgow with world leaders agreeing a series of environmental and net-zero commitments. The circular economy and the private sector are vital elements of that jigsaw so we are delighted to be playing our role, expanding further, and taking our green credentials across the Atlantic.”

The acquisition is the latest in a sustained period of good news for Slicker Recycling after it was shortlisted for two UK national awards this year for its work and contribution to worldwide efforts in achieving a sustainable circular economy model. 

Since the launch in July 2020, its innovative base oil re-refinery in Denmark has regenerated over 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.

A recent US study has estimated that the global transformer oil market reached a value of $1.5 billion in 2020 and is expected to grow by a further 11.5% by 2026.

Visit www.slickerreycling.com for further information

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.  The network’s online salvage auction www.salvagemarket.co.uk drives strong salvage resale values and faster sales.  e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts. 

The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.  Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.  

The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.  Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.  e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership. 

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