AVISTA and Veikko Lehti announce strategic partnership
AVISTA OIL Danmark A/S and Veikko Lehti Oy announced a strategic partnership to improve used oil management and promote the circular economy in Finland and the Nordics.
AVISTA OIL Danmark is part of the AVISTA OIL AG, a company that operates in several European countries and the USA.
The partnership between AVISTA OIL and Veikko Lehti is a perfect fit of companies with shared values and goals. Sustainability and environmental protection is the core value of both companies.
AVISTA OIL is the dominant provider of sustainable solutions for used oil management, including re-refining used oil into sustainable base oils with a significant carbon reduction of up to 90% less global warming potential (GWP) compared to virgin base oil, according to AVISTA.
Veikko Lehti is a trusted waste management service provider in Finland with national coverage in numerous types of wastes, including used oil. By working together, the two companies aim to improve the management of used oil, as well as promote the concept of a circular economy.
With the partnership, AVISTA OIL and Veikko Lehti will aim to close the lubricant value chain and create a more sustainable business model by reusing and upcycling used oil.
AVISTA OIL and Veikko Lehti plan to work together in a long-term cooperation to create more innovative solutions for used oil management and lubricant distribution. The companies are confident that their collaboration will bring mutual benefits to both companies and contribute to a more sustainable future in Finland and the Nordics.