Eco Oil collects used cooking oil and processes it into biofuels, providing a safe and hygienic solution to the health risks associated with the illegal reuse of waste oil. By converting this waste into renewable energy, Eco Oil contributes to waste management and promotes a circular economy in Vietnam.
Funding
$79.2K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Improper disposal of used cooking oil (UCO) poses significant environmental and health risks, including contamination of water sources, clogged sewage systems, and the illegal reuse of waste oil in food preparation. Existing waste management systems often lack efficient and safe methods for collecting and repurposing UCO, leading to environmental degradation and potential health hazards.
Solution
Eco Oil provides a comprehensive solution for the collection and recycling of used cooking oil, transforming it into valuable biofuels and promoting a circular economy. The company utilizes advanced technologies, including AI-powered flow metric systems and automated collection units, to optimize the UCO collection process from households and commercial establishments. Collected oil is then processed and exported as raw material for biofuel production, reducing reliance on fossil fuels and minimizing waste. Eco Oil also offers ESG reporting to clients, providing transparency and accountability in waste management practices.
Target Audience
Eco Oil serves households, restaurants, industrial kitchens, and other commercial entities that generate used cooking oil, as well as biofuel producers seeking sustainable raw materials.
Features
- AI-powered Flow Metric technology for optimized UCO collection and processing
- Automated UCO collection units for convenient and secure disposal
- Mobile application for residents and businesses to manage oil disposal
- Secure data tracking and quality control throughout the collection process
- Transformation of UCO into sustainable aviation fuel (SAF)
- ESG reporting for clients, providing environmental impact data
- Partnerships with organizations like Vinhomes and ReFeed to promote sustainability