Itelyum

What Itelyum does

Itelyum is an Italian-headquartered circular economy company, founded in 1963 as Viscolube and reorganized into its current form after the Viscolube–Bitolea merger, that operates as a vertically integrated industrial waste management and resource valorization platform across three business divisions. Itelyum Regeneration runs used mineral oil re-refining into Group I+ and Group II+ base lubricants via proprietary hydrogenation at Pieve Fissiraga and Ceccano; Itelyum Purification performs fractional distillation and solvent recovery at the 200,000-tonne/year Landriano plant, supplying high-purity solvents and CDMO custom synthesis services to pharmaceutical and fine-chemical customers; Itelyum Ambiente delivers collection, transport, treatment, port services, water treatment, and waste-to-energy across a network of more than 40 Italian companies. Innovation adjacencies include chemical PET depolymerization (Plasta Rei, now 100%-owned), hydrometallurgical rare earth recovery from permanent magnets (NEWRE pilot plant at Ceccano, INSPIREE industrial-scale project with MASE approval), and bio-based products developed with the University of Naples Federico II.

The company sells regenerated base oils, purified and specialty solvents, CDMO services, and integrated waste management to B2B industrial customers — primarily lubricant manufacturers, chemical and pharmaceutical producers, and broader industrial manufacturers across 60 countries — under a quote-based, project-and-volume-dependent pricing model delivered through direct enterprise sales teams. Revenue streams include one-time/license-like product sales of regenerated base oils, transaction-fee solvent production, professional services for environmental management, and managed services for hazardous and non-hazardous waste; consolidated group revenue exceeds €600 million (proforma approaching €700 million), generated by approximately 1,800–1,900 employees across 55 operating companies and 39 plants processing 2 million tons of waste per year at an 86% circularity rate. Ownership is held by Stirling Square Capital Partners (lead, October 2021) and Deutsche Beteiligungs AG; the group has executed an aggressive M&A roll-up through 2024–2025, extending into Sardinia, central and northern Italy, and the Balkans (Serbia, Croatia), while maintaining access to public debt markets via a €725 million bond issued in March 2024.

Name

Itelyum

Legal name

Itelyum Regeneration S.P.A.

Website

https://itelyum.com

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Itelyum is an Italian circular economy platform founded in 1963 that regenerates used oils, purifies solvents, and provides integrated industrial waste management services to over 60,000 B2B customers across 60 countries, operating through three divisions: Regeneration, Purification, and Ambiente, with group revenue exceeding €600 million.

Ownership category

akta.pro rank

Product category

Industrial Waste Management and Recycling

NAICS

Petroleum Lubricating Oil and Grease Manufacturing (324191), Materials Recovery Facilities (56292)

SIC

Petroleum Refining (2911), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Hazardous Waste Recycling & Recovery (Solvent Recovery, Oil Re-refining, Metals Recovery) (EUAIAFAI)

akta.pro secondary industries

Used Oil Collection, Re-refining & Circularity (Waste Oil, Recycled Base Oils) (EUALAJAK), Solvent Recovery & Recycling Services (BPALAHAC), Used Oil, Lubricants & Industrial Fluids Recovery/Recycling (IMAIAFAM), Used Oil & Oily Waste Management (Collection, Re-refining, Disposal) (BPALAFAI)

Keywords

• Industrial waste management
• Used oil regeneration
• Solvent purification
• Hazardous waste recycling
• Circular economy services

Headquarters

HQ city

Lodi

HQ country

Italy

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Used Oil Regeneration Products: Sale of regenerated base oils (Group I+ and Group II+) to lubricant manufacturers. The products offer low sulfur content, high viscosity index, and performance comparable to virgin oils with significantly lower environmental impact.
2. Solvent Production and Sales: Production, marketing, and distribution of high-purity solvents derived from virgin feedstocks and recovery of chemical waste solvents. Includes custom synthesis and CDMO services for pharmaceutical sector.
3. Environmental Services: Comprehensive waste management services including collection, transport, pre-treatment, treatment, and recycling of industrial hazardous and non-hazardous waste.
4. Waste Management and Recycling: Integrated waste management for industrial clients covering dangerous waste, port services, water treatment, and specialized services like rare earth recovery and chemical plastic recycling.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Itelyum regenerates used mineral oils into high-quality base lubricants, purifies spent chemical solvents into high-purity solvents for pharmaceutical and industrial use, and provides integrated industrial waste management services including collection, transport, treatment, and recycling of hazardous and non-hazardous waste. The company operates through three core divisions — Regeneration, Purification, and Ambiente — serving over 60,000 industrial clients across 60 countries with a portfolio that includes HG Group II+ base oils, SFW recovered solvents, Plasta Rei chemical PET recycling, rare earth element recovery, and bio-based products.

Product overview

Itelyum is a leading European circular economy company offering an integrated portfolio of industrial waste management and resource valorization solutions organized into three core business divisions: Regeneration (used oil regeneration into high-performance base lubricants), Purification (solvent recovery and high-purity solvent production for pharmaceutical/industrial sectors), and Ambiente (comprehensive environmental services including waste collection, water treatment, port services, and waste-to-energy). The portfolio is complemented by innovation initiatives in chemical PET recycling (Plasta Rei), rare earth elements recovery (NEWRE/INSPIREE projects), and bio-based products. Products include HG Group II+ lubricating bases, SFW (Solvents From Waste), recovered thinners, pure solvents, and CDMO contract manufacturing services. With over 60 years of history, Itelyum operates through 55 companies, 39 plants, manages over 2 million tons of waste annually, and serves 60,000 customers across 60 countries.

Differentiator

Problem solved

Functional benefit

Brands

• Itelyum Arena: The Itelyum Arena is the venue hosting Pallacanestro Varese basketball team and serving as a stage for events and initiatives promoting a culture of sustainability, particularly among younger generations.

Products and services

• Itelyum Regeneration European leader in used oil regeneration, transforming waste mineral oils into high-performance regenerated base lubricants through proprietary high-pressure catalytic hydrogenation processes. Produces Group I+ and Group II+ lubricating bases for lubricant manufacturers.
• Itelyum Purification European leader in solvent regeneration through fractional distillation. Produces and commercializes high-purity solvents from chemical waste, serving pharmaceutical and industrial sectors. Also offers CDMO contract manufacturing services and custom chemical synthesis.
• Itelyum Ambiente (Environmental Services) Integrated environmental services covering waste collection, transport, pre-treatment, water treatment, micro-collection, analysis laboratories, port services, intermediation, waste-to-energy, and services for large enterprises.
• HG (HydroGenerated) Group II+ Lubricating Bases High-performance regenerated base oil range produced through advanced re-refining and hydrogenation process. HG Group II+ meets over 75% of motor oil demand and 95% of industrial oil requirements with environmental product declarations.
• SFW (Solvents From Waste) High-purity regenerated single solvents produced from solvent-based waste through dedicated purification plants. Features varying purity levels and reduced CO2 footprint, with ISCC+ certification option.
• Recovered Thinner High-quality recovered thinners with formulation stability, excellent solvent power for cleaning and degreasing metal surfaces, washing painting equipment, and diluting primers and fillers.
• Pure Solvents and Specialties High-purity solvents derived from virgin feedstocks and ultra-high-purity specialty solvents strategically important for fine chemical and pharmaceutical industries.
• CDMO (Contract Development Manufacturing Organization) Services Custom chemical synthesis services at Landriano plant operating under GMP standards. Produces carboxylic esters, polymerization catalysts, and organometallic compounds primarily for pharmaceutical API production.
• Port Services (Pure Ballast) Marine decontamination services including prevention, cleaning, and remediation of seawater; collection, transport, and treatment of liquid waste produced by ships. Pure Ballast system for treatment of ballast water operational in ports of Trieste and Monfalcone.
• Plasta Rei Chemical PET Recycling Chemical recycling technology for post-consumer PET waste of all types, including colored plastics. Produces secondary raw materials of quality comparable to virgin PET without polymer degradation. Operates pilot plant in Cisterna di Latina.
• Rare Earth Elements Recovery Recovery of rare earth elements (neodymium, dysprosium, praseodymium) from WEEE (Waste Electrical and Electronic Equipment). NEWRE project developed pilot plant at Ceccano; INSPIREE aims to scale to industrial level processing 2,000 tons per year of permanent magnets.
• Bio-based Products Transforms biologically derived waste (such as used cooking oil) into low environmental impact products including biofuels, biosolvents, biolubricants, and bio-based soaps. Carbon footprint up to 70% lower than traditional alternatives.

Quantifiable outcome

• 516,000 tons of CO₂ avoided through circular processes
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

14 partnerships are on record, tiered core, flagship and minor.

• New Ceccato Recycling SrlcoreOthers · 30 October 2025Itelyum acquired 70% of New Ceccato Recycling Srl through Itelyum Ambiente. The company is active in recovery of non-hazardous waste based in Castelfranco Veneto (TV), specializing in paper, cardboard, plastic, wood, glass and metals recovery.
• Lodigiana Maceri SrlcoreStrategic or Co-development Partner · 30 October 2025Lodigiana Maceri Srl joined Itelyum acquiring 30% of New Ceccato Recycling. Partnership established to develop industrial and commercial synergies in paper, cardboard and packaging recovery sector, in line with shared vision focused on sustainability and circular economy.
• Gisca Ecologica S.r.l.coreOthers · 7 October 2025Itelyum acquired 100% of Gisca Ecologica S.r.l., extending presence to Sardinia. Founded in 1990, the company operates two plants in Olbia and Sassari, serving around 2,700 clients. Specializes in collection and storage of waste oils and other special waste.
• La Cart S.r.l. (with Ferri & Oliva)coreOthers · 1 October 2025Itelyum acquired 100% of La Cart S.r.l. including subsidiary Ferri & Oliva S.r.l. Founded by Lombardini family, La Cart is one of the main companies in hazardous and non-hazardous special waste sector in Emilia-Romagna and Marche regions. In 2024, managed approximately 260,000 tons of waste serving over 2,000 industrial and commercial clients.
• Holding Gestione Ambiente S.p.A. (with GSA, Veteres, PSA)coreOthers · 11 June 2025Itelyum acquired Holding Gestione Ambiente S.p.A. together with subsidiaries Gruppo Gestione Ambientale (GSA) S.r.l., Veteres S.r.l., and Progetto Servizi Ambiente (PSA) S.r.l. The group is specialized in management of liquid waste, particularly industrial wastewater treatment including solvent-based effluents. GSA operates a facility authorized to treat 130,000 tons per year.
• Jakob Becker d.o.o. SerbiacoreOthers · 31 January 2025Itelyum acquired Jakob Becker d.o.o. Serbia, one of the country's leading operators in management of hazardous and non-hazardous industrial waste. The company has facilities in Ruma (Autonomous Province of Vojvodina) for collection, storage, and export notification of industrial waste.
• Plasta ReicoreOthers · 19 February 2024Itelyum acquired a significant stake in Plasta Rei, a company specializing in chemical recycling of PET plastic to produce high-quality recycled PET in Italy. Subsequently completed full acquisition to 100%, strengthening position in chemical recycling of plastics.
• Pallacanestro VareseflagshipGTM or Marketing Partner · 1 January 2023Strategic partnership starting from 2023/24 season with one of Italy's most successful basketball clubs. Includes naming rights for Itelyum Arena, brand visibility inside and outside the arena, across national and digital media, and joint sustainability initiatives. CEO Luis Scola leads the club. Partnership focuses on shared values of sustainability, team spirit, responsibility toward community, and forward-looking vision.
• EIT RawMaterialscoreStrategic or Co-development Partner · 1 January 2023Partner in European projects NEWRE and INSPIREE for rare earth element recovery from WEEE. EIT RawMaterials is the European institute for raw materials innovation and skills, part of the European Institute of Innovation and Technology.
• ErioncoreStrategic or Co-development Partner · 1 January 2023Partner in INSPIREE project for rare earth recovery from WEEE. Erion is a consortium contributing to circularity in WEEE management.
• Glob EcominorStrategic or Co-development Partner · 1 January 2023Partner in INSPIREE project consortium for rare earth element recovery from WEEE.
• University of L'AquilacoreStrategic or Co-development Partner · 1 January 2023Academic partner in INSPIREE project consortium developing process for disassembly of permanent magnets (Level I) and recovery of REE oxalates via hydrometallurgy (Level II).
• University of Naples Federico IIcoreStrategic or Co-development Partner · 1 January 2020Collaboration with university for development of bio-based products process transforming used cooking oil into biofuels, biosolvents, biolubricants, and biobased soaps. Collaboration generated patents and contributed to scientific research publications.
• CONOU (Consorzio Oli Usati)coreStrategic or Co-development Partner · 1 January 1980Long-standing partnership with Italian used oil consortium. Over more than 40 years, CONOU-led supply chain collected over 6.7 million tonnes of used oil, regenerated 6 million tonnes, saving Italy €3 billion in oil import costs. Italian supply chain recognized as benchmark for waste recovery globally.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• REEtec: Norwegian rare-earth refiner using electrolysis to produce separated REE oxides; comparable to Itelyum's NEWRE/INSPIREE hydrometallurgical pilot at Ceccano aimed at producing REE oxalates from end-of-life permanent magnets.
• Carbios: French biotech developing enzymatic PET depolymerization for monomer recycling; technology-comparable to Itelyum's Plasta Rei chemical PET recycling business targeting colored/post-consumer PET streams.

Direct peers

• Prezero: European recycling and environmental-services platform owned by the Schwarz Group, focused on closing material loops in packaging and industrial waste; competes with Itelyum in collection, sorting, and recovery of hazardous and non-hazardous industrial streams.
• Remondis: German family-owned waste management major offering recycling, services, and water operations across Europe; competes directly with Itelyum Ambiente and Itelyum Regeneration across hazardous industrial-waste collection, treatment, and recovery.
• Avista Oil: Germany-based used-oil re-refiner producing re-refined base oils (Group II/II+) from waste lubricants; the closest pure-play competitor to Itelyum Regeneration in continental European base-oil regeneration.
• Puraglobe: Swiss/German re-refiner operating the Ecoplastern three-stage used-oil regeneration process; competes with Itelyum Regeneration in the European re-refined base-oils niche, particularly for Group I/II output.
• Séché Environnement: French-listed hazardous-waste specialist providing treatment, recycling, and decontamination services across Europe; directly aligns with Itelyum's Itelyum Ambiente division and post-acquisition HGA/GSA liquid-waste treatment book.
• Holborn Europa Raffinerie: Hamburg-headquartered used-oil re-refining operation with similar high-pressure hydrogenation process; direct competitor to Itelyum Regeneration for processing waste mineral oils into Group II+ base lubricants.

Broad incumbents

• Veolia: Global environmental-services leader with extensive hazardous-waste valorization and solvent recovery operations across Europe; comparable to Itelyum's core waste-to-product model but operates at much larger scale across water, waste, and energy.
• Suez Recycling and Recovery: Global environmental services player with substantial European hazardous-waste recycling and solvent/REEs recovery capabilities, broadly comparable to Itelyum's integrated environmental services platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/itelyum
• Instagraminstagram.com/itelyum
• YouTubeyoutube.com/itelyum
• LinkedInlinkedin.com/company/itelyum
• Pinterestpinterest.com/itelyum
• Xx.com/Itelyum

Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries35 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Itelyum