Puralube

Puralube specializes in the collection and recycling of used oils and lubricants, transforming them into sustainable, high-quality base oils and advanced lubricants for various industrial applications. Puralube, founded in 2004 in the US, focuses on the recycling of used oils. In December 2014, the company underwent a restructuring transaction when Centre Lane Partners acquired it from Perseus for an undisclosed sum. The company has completed a total of 3 deals, with its latest funding round, a Series A, raising USD 25.

00 mn from investors including Perseus and Safeguard International, which matches the total amount raised since inception. Puralube primarily focuses on the collection and recycling of used oils, lubricants, and other precursors through its innovative refining solutions. The company utilizes its patented Honeywell UOP HyLube™ and HyLubeSAT™ technologies to re-engineer used oil into advanced, sustainable Group III/III+ base oils, which serve various applications, including motor oils, plastics, and electric vehicle fluids. Puralube also offers state-of-the-art blending services for advanced motor oils and lubricants tailored for automotive manufacturers and other industrial partners, operating across North America, Europe, and parts of Asia.

Puralube generates revenue through its comprehensive suite of services, including the processing and re-engineering of used oils and the production of sustainable base oils and lubricants. The company adopts a B2B transaction model, forming partnerships with automotive manufacturers and lubricant distributors who directly purchase their products. These partnerships typically include bulk purchasing agreements, ensuring a steady supply of high-quality base oils. The revenue structure may also involve long-term contracts for blending services, offering customized solutions for specific lubrication needs, with a focus on sustainability and carbon emission reduction.

Puralube aims to expand its product offerings by developing new sustainable oil products, with specific launches planned within the next year. The company is also targeting geographic expansion into emerging markets in Asia and Europe by 2025. The recent Series A funding of USD 25. 00 mn will be utilized to support these initiatives, enhancing production capabilities and scaling operations to meet increasing demand.