EnerPure secures funding to build used motor oil-to-bunker fuel recycling plant in Canada

Canadian company EnerPure has received $35 million in funding for an Alberta facility that will recycle used motor oil into bunker fuel.

IMAGE: Cargo ship entering the Port of Vancouver, Canada's main west coast port. Port of Vancouver

The financing was led by Rice Investment Group, with Canada Growth Fund participating as a co-investor.

The funds will support the development and construction of EnerPure’s first commercial used motor oil recycling plant in Alberta and the advancement of a second commercial plant.

The Alberta plant is designed to process 32.6 million litres of used motor oil into marine fuels like VLSFO and LSMGO.

The plant is targeted for completion and commissioning in the first half of 2028. 

Separately, EnerPure said last month that climate funding agency Emissions Reduction Alberta had approved Canadian $6.2 million ($4.5 million) for development of the Alberta plant.

By Nachiket Tekawade

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