Our Goal
21/6 - Removal of half a million tonnes of greenhouse gases by 2030.
What is Used Motor Oil?
Used Motor Oil (UMO) is defined as any petroleum-based or synthetic lubricating oil that cannot be used for its original purpose due to the presence of hazardous substances through contamination through the normal course of use.
Since 2010, EnerPure has been working to address the myriad of environmental and public health challenges exacerbated by conventional methods of used motor oil disposal such as burning or dumping.
Used Motor Oil Stats
Litres of Global UMO generated annually in 2024 (est.)
Litres of GLobal UMO Generated annually in 2029 (est.)
Litres of Global UMO Burnt or Dumped in 2024 (EST.)
Litres of Global UMO Burnt or Dumped in 2029 (est.)
We Recycle Waste and Create a Premium In-Demand Product
With approximately 17 billion litres of UMO around the world being either dumped or burnt our patented process enables this potentially harmful waste product (UMO) to be processed into a premium marine fuel that has a lower carbon intensity and lower sulphur content.
Both the UN and the IMO (International Marine Organization) is demanding a reduction in the carbon footprint in the shipping industry and our marine fuel is in demand due to its lower carbon intensity and superior properties. EnerPure has created a win-win situation by processing a waste product into a premium end product.
Addressing an Urgent Environmental Need
Our patented recycling process uses a proven technology that has been used in an adjacent industry for over a century to recycle Used Motor Oil into a premium marine fuel, with a lower carbon intensity.
Each of our recycling plants is estimated to reduce 16,000 tonnes of Greenhouse Gases (GHG) each year.
By achieving our goal of 21 recycling plants in 6 years (21/6), we will have reduced GHG by half a million tonnes by 2030. With these 21 plants operating we have the ability to remove 336k tonnes of GHG annually.
Our longer-term objective of 48 plants in 10 years would reduce GHG emissions by 707k tonnes annually.
We simply cannot continue to either dump or burn UMO.
Addressing the Environmental Need with Strong Economic Returns
Our recycling plants are a standardized repeatable modular design. They are designed to process 31.5 million litres of UMO annually and have a cost of US$15m, which equates to approximately US$29,400 per daily flowing barrel. It is estimated at US$80 per barrel oil they will generate US$15.6m in Revenue, US$6.3 million in EBITDA, with an IRR of 51% and a payback of less than 3 years.
Our Pilot Plant processed 1.6 million litres of UMO at 43% of full scale and through our sales to Maersk have validated a strong demand for our product.
