49. Cabecera noticia aportacion EEAA
For the first time, SIGAUS modifies the contribution of its member companies, with a reduction from €60 to €50 per tonne
In the current context of the fight against inflation by governments and international institutions, the SIGAUS Board of Directors has decided to lower the contribution of its member companies for the management of waste oil, which is passed on in the price of industrial oils consumed in Spain. This is the first time SIGAUS has modified the contribution in its almost 17 years of operation, and it does so now, passing on the moderation of management costs to all consumers of industrial oils, as a result of the stability of the operating model. The change will be effective from 1 January 2024.
19-09-2023
24. Parrafo noticia aportacion EE.AA.
At its meeting held on 14 September, the SIGAUS Board of Directors decided to reduce the contribution that all companies affiliated to SIGAUS make for the marketing of industrial oils in Spain, in compliance with the regulation on waste oils (RD 679/2006), and which, as established in this regulation, is passed on in the sale price of these products.
The decision reflects the commitment of the SIGAUS Board of Directors to adjust this contribution in the current complex economic context—joining the multiple measures being taken in different areas to control inflation: a factor that has marked the economic evolution of the last two years, generating uncertainty and diminishing the confidence of consumers and companies.
This reduction has been possible thanks to the mechanisms historically established by SIGAUS to seek maximum efficiency in the financing of waste oil management, adjusting it at all times to market conditions. In recent months, these mechanisms have made it possible to stabilise the cost of management, taking advantage of the high oil prices and, therefore, the favourable sales conditions for the products obtained from treating this waste (both regenerated lubricant bases and BIA fuel).
Thus, as of 1 January 2024, putting industrial oils on the market will mean that the retailer, and consequently the consumer, will have to pay €50 per tonne (5 cents per kg) for the management of waste oil, instead of the €60 (6 cents per kg) that has been paid up to now. When changing the oil in a car, estimating the purchase of about 4 kg of new oil, the cost of waste oil management will go from 24 cents to 20 cents.
32. Parrafo cita aportacion EE.AA.
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As of 1 January 2024, putting industrial oils on the market will mean that the retailer, and consequently the consumer, will have to pay €50 per tonne (5 cents per kg) for the management of waste oil.
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A commitment to efficiency
Eduardo de Lecea, General Manager of SIGAUS, comments on this change, “This is the first time we have modified our rate, and we are doing so precisely to lower it by 16% at a time of generalised price increases. We want to take advantage of management cost containment and pass it on to consumers, applying one of our most deeply rooted values, which is efficiency and the optimisation of costs and processes.”
In this regard, De Lecea stresses that one of the functions of SIGAUS is also to provide stability in terms of waste management in a volatile market such as that of petroleum derivatives. He also reminds us that in 2016, when the cost of waste oil management soared due to the low oil price environment (Brent crude averaged €40/barrel during the year) and the fall in demand for products from waste, SIGAUS chose to absorb this extra cost without passing it on to the price of lubricants.
“When the cycle was highly unfavourable for us, and the deficit of collecting and treating each litre of waste oil was at record highs, we did not pass on the extra cost to consumption. Instead, we borrowed on a short-term basis and once again opted for maximum efficiency, applying a financing model linked in real time to market conditions. Today, in the opposite phase of the cycle, this efficiency model is once again proving its value, allowing us to reduce what the car owner or the industry buying lubricating oil pays”, says the General Director of SIGAUS.