The Hamina, Finland, rerefinery formerly owned by L&T Recoil Oy and EcoStream is back in operation under new owner STR Tecoil Ltd.
We are up and running, Tecoil Development Director Pekko Kohonen told Lube Report last week.
According to Tecoils website, the rerefinery will handle 70,000 metric tons of used lubricants annually for an output of 50,000 tons per year of high quality base oils. The rerefinery produces four API Group II+ rerefined base oil cuts: N40, N100, N150 and N200. Side products include gas oils and bitumen flux.
Industrial Finance Finland STR Ltd. purchased the Hamina, Finland, rerefinery in late July 2014 for an undisclosed amount, through an agreement with the rerefiners bankruptcy estate. Finnish rerefiner L&T Recoil Oy and parent company EcoStream Ltd. filed for bankruptcy at the end of last March, and the estate administrator then began seeking buyers for assets, including the rerefinery.
L&T Recoil Oy and then joint venture partner EcoStream opened the 45 million (now U.S. $53.3 million) rerefinery in 2009. The plant was fed by used lubricants collected within the Nordic and Baltic countries and Finland.