Beijing – Viscolube, an Italian company leader in Europe in the regeneration of waste oils, is exporting its technology to China. Viscolube Recycling Development Co. Ltd signed a framework agreement for technology transfer with China’s largest recycling company, China Recycling Development Co., Ltd. The Chinese company is investing heavily, around €750 million, to build by 2020, 10 facilities for the collection and recycling of used oil, with an annual capacity of 1 million tons per project. “This important agreement – explains Antonio Lazzarinetti, CEO of Viscolube – is the result of a targeted business and promotion plan for our technology. Finally, China is keen to address the management of waste oils in terms of industrial; and we have the technological excellence to seize this promising opportunity.” (9Colonne)
