UAE group to build oil recycling plant in Romania

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Engineering and project management company, Chemie-Tech, will invest $62 million   in a plant for recycling of the oil used in the automotive industry. The factory will be located in Oltenita, Romania, announced for BalkanEngineer.com from ConstructionWeekOnline.com.

The factory in Romania will have the capacity to recycle 73,000 tonnes of used oil annually. The plant is the first investment of its kind in Romania, and Central and Eastern Europe, Romania’s Economica reported.

The Sharjah-based group will take a loan of $16.5 million from the European Bank for Reconstruction and Development (EBRD).

The project also plans to create a national network for collecting the used oil in the country, which will be processed in the new unit.

Source of the pictures: Chemie-Tech