Motor Oil further strengthens its position in the field of circular economy, the group points out on the occasion of the completion of 94.44 % of Elector’s shares today.

Elector is one of the leading circular economy companies in Southeast Europe, specializing in waste management, recyclable materials and renewable electricity from waste. It is active in vertically operated, throughout the range of study, construction and operation of modern waste treatment plants, in the production of waste energy and in the management of special waste flows.

In 2023 Elector had 4 units of XYTAs and 4 units of approximately 900,000 tonnes of annual waste waste, 2 medical waste processing units, as well as 4 biogas energy production projects totaling more than 32 MW. On 30.06.2024, the company also had Euro110 million -hindered project of constructing and operating a circular economy units.

Elector is added to the existing activities of the Group in the field of circular economy that include the TALIS waste and organic waste processing company, Verd, which, through its subsidiary green oil, has the largest collection network for the production of low carbon fiber and low carbon fiber. LPC active in the production and regeneration of lubricants.

Finally, it is noted, combining the performance of Elector from 12 months to 30.06.2024, with the group’s other circular economy activities (Thalis, Prasino Ladi, LPC), the Motor Oil Group would already record revenue of the Euro320 million and Euro320 million and EBITDA approximately Euro40 million from activities that have excellent growth prospects, and in practice support sustainability.