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STR Tecoil is a Finnish firm that regenerates used lubricant oil into API Group II and III base oils.
Headquartered in Finland, STR Tecoil regenerates used lubricant oil into high-quality base oil, using a process with green hydrogen that cuts CO2 emissions, and collects oil from businesses in batches of over 800 liters. Essedel fully acquired the company in July 2014, with financial terms undisclosed. In 2023 STR Tecoil reported revenue of USD 59.10 mn and EBITDA of USD 6.18 mn. The recorded stage is Seed.
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