Andrew Black, the entrepreneur behind the betting website, announced the purchase last week (10 November) and has rebranded the firm as Slicker Recycling Ltd.
Based in London, Hydrodec UK was formerly a subsidiary of Hydrodec Group, which re-refines used and contaminated waste oil to produce and sell ‘sustainable’ oils in the US and Australia.
Its main activity in the UK is the wide collection of waste oil from the automotive and general engine servicing industry, as well as hazardous workshop wastes such as oil filters and batteries.
This is taken to a refinery in Stourport, Worcestershire, where the waste is turned into a reprocessed fuel oil.
Slicker Recycling
As Slicker Recycling, the company will retain ’30,000 plus customers’ and Hydrodec’s national presence for collection and recycling.
But, the new owners also have ambitions to build a UK base oil re-refinery, which will turn waste oil back into a lubricant.
Managing director of Slicker Recycling, Mark Olpin, said: “Our new approach is to give our clients a better deal by introducing efficiencies across our complete range of services. However the big plan is to build a UK base oil re-refinery which will turn waste oil back into its original state as a lubricant.
“As we are now a private company this revised status is helping us adapt faster and better in the rapidly changing workshop waste marketplace. Currently we will continue to recycle the waste oil we collect into a processed fuel oil but we believe that our plans for a base oil re-refinery will provide the best solution for long term waste oil recycling.”
Reputation
Mr Olpin added: “Andrew Black has a reputation for making things happen. His involvement and his interest in environmental matters, especially recycling, have already been of considerable benefit to us. We are re-branding to help re-enforce our new identity and our new approach to business.”
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