Source Name : IFP Petro

Category Name : Business and Finance, High Technology

AVISTA OIL AG and IFP Petro Join Forces to Transform Used Oil Re-Refining in India and Create a Sustainable Future

Updated: 26/05/2023

Noida, Uttar Pradesh, India – Business Wire India 

AVISTA OIL AG, the leading global player in used oil collection, re-refining, and sustainability, has entered the Indian market through a strategic partnership with IFP Petro Products, a pioneer in the Indian used oil re-refining industry. The partnership aims to revolutionize the used oil re-refining industry in India by introducing innovative technologies and sustainable work practices.
IFP Petro and AVISTA OIL AG share a common vision of creating a circular economy for used oil, where waste is minimized, valuable resources are recovered and reused with maximum carbon offset. Through this partnership, IFP Petro will leverage AVISTA OIL AG's expertise, state-of-the-art technologies, and global network to expand its operations and increase its efficiency in used oil collection, re-refining, and distribution.
Mr. Anant Bhargava, CEO of IFP Petro, expressed his excitement about the partnership, saying, “We are thrilled to partner with AVISTA OIL AG, a company that shares our values and commitment to sustainability. With their support, we can take our operations to the next level and achieve our mission of creating a more sustainable future for India.”
Mr. Marc Verfürth, CEO of AVISTA OIL AG, also expressed his enthusiasm, saying, “India is a key market for us, and we are excited to partner with IFP Petro to bring our expertise and technologies to this region. We believe that this partnership will create significant value for both companies and contribute to the development of a circular economy for used oil in India.”
The partnership is expected to bring significant benefits to the Indian used oil re-refining industry, including improved quality, increased efficiency, reduced waste and enhanced sustainability. India is the third largest consumer of lubricants with an estimated 1.5 Million Metric Tonnes of Used Oil generated annually.

About IFP Petro
IFP Petro is a leading Indian used oil re-refining company established in 1977 that specializes in collecting, re-refining, and distributing re-refined base oil for various applications. The company is committed to sustainability and environmental protection and has been recognized for its contribution to the circular economy.
AVISTA OIL AG is a global leader in used oil collection, re-refining, and sustainable base oil production with operations in Europe and the United States. The company is committed to sustainability and operates according to the principles of the circular economy, where waste is minimized, and resources are recovered and reused.\

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(L-R) Sahil Bhargava (IFP), Anant Bhargava (IFP), Urmila Bhargava (IFP), Marc Verfürth (AVISTA), Lena Neumann (AVISTA)

(Disclaimer: The above press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same.)

Media contact details:

Sahil Bhargava (Head of Strategy), IFP Petro,, +91-9761662354; Lena Neumann, AVISTA OIL AG,