Motor Oil Group Acquires Elector, Expanding its Circular Economy Footprint

09:03 29/1/2025 - Πηγή: iEfimerida

Motor Oil Group has completed its acquisition of a majority stake in Elector, a leading waste management and renewable energy company in Southeast Europe, strengthening its commitment to the circular economy.

Elector specializes in waste management, recycling, and the production of

renewable energy from waste. The company operates landfill sites, waste processing plants, medical waste treatment facilities, and biogas energy projects. This acquisition significantly expands Motor Oil Group's presence in the growing circular economy sector.

"This acquisition aligns with our long-term goals of promoting environmental sustainability," said a Motor Oil Group spokesperson. "By integrating Elector’s expertise, we aim to further expand our role in renewable energy and resource recovery."

Motor Oil Group's existing circular economy activities include waste processing, used cooking oil collection, and lubricant regeneration. The addition of Elector is expected to boost the group's annual revenue from these activities to an estimated 320 million euros.

This strategic move positions Motor Oil Group as a key player in the circular economy, advancing its efforts to promote sustainable practices and contribute to a low-carbon future.

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Motor Oil Group Acquires Elector Expanding,Circular Economy Footprint