Soltec

What Soltec does

Soltec (Ireland) Ltd is a hazardous waste management and recycling company founded in 1994 by Michael Corcoran and headquartered in Mullingar, County Westmeath, Ireland. The company operates an EPA-licensed treatment facility at Zone C, Clonmore, Mullingar Business Park, offering solvent recovery and recycling, hazardous waste treatment, industrial waste management, and aerosol recycling services. Soltec manages 469+ categories of hazardous and non-hazardous waste with annual processing capacity of 20,000 tonnes, serving pharmaceutical multinationals, manufacturing, education, healthcare, printing, and automotive sectors across Ireland.

The company's core technology rests on a solvent distillation process — unique in Ireland — that repurposes residual chemical waste into reusable products (paint thinners, panel wipes, degreasing solvents, acetone, IPA, xylene), with over 80% of accepted waste solvents converted into reusable output. A secondary recovery process blends residual solvents into Liquid Recovered Fuel supplied to the cement industry as a coal substitute. The proprietary Soltec Waste Tracker (SWT) provides real-time shipment monitoring and audit trails, and a dedicated aerosol recycling system separates liquid, metal, and gas fractions. The facility runs a solar array generating over 70% of its electrical energy. Supporting ISO 9001, 14001, and 45001 certifications, Soltec also distributes the Unic range of spray gun cleaning machines and markets its own ECO-Sonic 650s ultrasonic parts washer.

Soltec's revenue model is multi-stream: waste treatment and collection fees (transaction-based), recovered solvent product sales in pack sizes from 2.5L to 1000L IBC, Liquid Recovered Fuel sales to cement manufacturers, and equipment distribution. The go-to-market is enterprise field sales targeting pharmaceutical multinationals and large manufacturers, complemented by e-commerce channels for solvent and equipment sales reaching the UK and Europe. The company is family-run, led by CEO David Corcoran and Managing Director Michael Corcoran, with 31 employees as of 2024. Soltec has reinvested 100% of profits into growth, executing a €6.8 million investment programme from 2019 to 2024 that delivered a 500% capacity increase.

Name

Soltec

Legal name

Soltec (Ireland) Ltd

Website

https://soltec.ie

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Soltec (Ireland) Ltd is a hazardous waste management and recycling company operating Ireland's only solvent distillation facility. It serves pharmaceutical, manufacturing, education, healthcare, printing, and automotive sectors with EPA-licensed treatment, recovered solvent products, and industrial cleaning equipment distribution.

Ownership category

akta.pro rank

Product category

Hazardous Waste Management

NAICS

Waste Treatment and Disposal (5622), Soap and Cleaning Compound Manufacturing (32561)

SIC

Industrial Organic Chemicals (2860), Specialty Cleaning, Polishing And Sanitation Preparations (2842), Chemicals & Allied Products (2800)

akta.pro primary industry

Solvent Recovery & Hazardous Waste Recycling/Reclamation (Distillation, Reuse) (BPALAFAH)

akta.pro secondary industries

Solvent Recovery & Recycling Services (BPALAHAC), Solvents & Solvent-Based Cleaners (Mineral Spirits, Acetone, Alcohols) (CRAJAKAC)

Keywords

• Hazardous waste management
• Solvent recovery services
• Industrial recycling solutions
• Waste treatment facility
• Circular economy services

Headquarters

HQ city

Mullingar

HQ country

Ireland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Waste Treatment Services: Hazardous and non-hazardous waste treatment fees. Services include safety assessment, secure removal, treatment, and certification. The company manages 469 different waste categories and processes up to 20,000 tonnes annually.
2. Recovered Solvent Products: Sale of distilled solvents including paint thinners, acetone, IPA, xylene, and methanol. Over 80% of accepted waste solvents are distilled into reusable products for re-sale.
3. Solvent Sales: National, UK and European supply service of solvents in various pack sizes (2.5, 5, 20, 205 and 1000 litre IBC) through to full bulk.
4. Liquid Recovered Fuel: Industrial fuel produced from residual solvents unsuitable for distillation, sold to cement industry as alternative to coal.
5. Industrial Equipment Distribution: Irish distributor for Unic range of spray gun cleaning machines and related equipment. Also offers ultrasonic parts washers.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Soltec provides EPA-licensed hazardous and non-hazardous waste management services, including solvent recovery and recycling through distillation, treatment of 469+ waste categories, industrial waste management, and aerosol recycling. The company also sells recovered solvents (paint thinners, acetone, IPA, xylene, methanol) and distributes industrial cleaning equipment such as Unic spray gun cleaners and ECO-Sonic ultrasonic parts washers, primarily to pharmaceutical, manufacturing, healthcare, and education customers across Ireland, with solvents and equipment supplied to the UK and Europe.

Product overview

Soltec Ireland Ltd is a waste management solutions company offering a unified portfolio of hazardous waste recycling and treatment services with related products. Core services include solvent recovery and recycling (the only distillation provider in Ireland), hazardous waste treatment, industrial waste management, and aerosol recycling. The company also sells recovered and virgin solvents (thinners, acetone, IPA, methanol, xylene) and distributes industrial cleaning equipment including the Unic range of spray gun cleaners (Edition 35 series, UGC series, protecLV) and its own ECO-Sonic 650s ultrasonic parts washer. The offerings are interconnected through Soltec's EPA-licensed treatment facility in Mullingar, where waste is processed into reusable products and fuels.

Differentiator

Problem solved

Functional benefit

Brands

• Unic: Award-winning range of spray gun cleaning machines distributed by Soltec in Ireland. Suitable for both solvent and water based cleaning agents.
• Soltec Solvent Products

Products and services

• Solvent Recovery and Recycling Hazardous solvent waste recovery and recycling service that distills used solvents into reusable products (paint thinners, panel wipes, degreasing solvents) and produces Liquid Recovered Fuel for the cement industry. Over 80% of accepted waste solvents are distilled into reusable products.
• Solvent and Hazardous Waste Treatment Comprehensive hazardous waste management service covering 469 different waste categories with on-site assessment, secure fleet transport, EPA-licensed treatment, and full compliance documentation and audit trails.
• Industrial Waste Management Environmental waste management solutions for pharmaceutical, medical device, automotive, aeronautical, manufacturing, and education sectors with 20,000 tonnes annual capacity and 30+ years of sector experience.
• Aerosol Recycling Safe collection and recycling service for aerosol cans that separates liquid into industrial fuel, recycles metal components into new metal products, and absorbs gas emissions using active carbon.
• Solvent Sales (Recovered and Virgin Solvents) National, UK, and European supply service of recovered and virgin solvents including Standard Thinners Plus, Premium Thinners, Acetone, Isopropyl Alcohol (IPA), 2K Thinners, Universal Thinner, and methanol, in pack sizes from 2.5L to 1000L IBC through to full bulk.
• Industrial Cleaning Equipment (Unic Spray Gun Cleaners) Soltec is the Irish distributor for the Unic range of spray gun cleaning machines, including Edition 35 single, twin, and compact automatic cleaners, UGC1006/2006/4005/5005a/8005 variants, and the protecLV low VOC spray gun cleaner, sold to bodyshops and industrial users.
• ECO-Sonic 650s Ultrasonic Parts Washer Automatic ultrasonic cleaning machine using sound wave technology for precision cleaning of carbon, glue, oil, or paint deposits without harming electronics or ceramic-coated parts, suitable for automotive, engineering, aerospace, and pharmaceutical industries.

Quantifiable outcome

• Over 90% of waste managed is recovered and recycled
• +4 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Stericycle: Stericycle is a leading US-based regulated waste management company specialising in medical waste, hazardous waste, and compliance services. Comparable to Soltec in regulated waste handling for healthcare and industrial sectors, though with much broader geographic and service footprint.
• Clean Harbors: Clean Harbors is North America's largest provider of environmental and industrial services, including hazardous waste collection, treatment, recycling, and solvent recovery. Comparable in core service lines (hazardous waste management, solvent recycling) but operates at vastly greater scale and geographic breadth.
• Renewi: Renewi is a European waste-to-product company with operations across the Netherlands, Belgium, UK, and Germany, offering hazardous waste treatment and solvent recovery. Comparable service lines but operates at much greater geographic scale than Soltec.
• Veolia Environmental Services (Ireland): Veolia is the global leader in environmental services with significant hazardous waste, solvent recovery, and industrial cleaning operations in Ireland. Operates as a broad incumbent offering overlapping capabilities but as part of a much wider portfolio rather than specialising in Soltec's niche.
• SUEZ Recycling and Recovery: SUEZ is a global environmental services company with significant hazardous waste and solvent recovery capabilities across Europe. Comparable to Soltec in solvent recovery and hazardous waste treatment but operates as a broad multinational incumbent rather than a niche specialist.

Regional players

• Biffa: Biffa is a major UK-based waste management company offering hazardous waste, industrial cleaning, and recycling services. Comparable in service portfolio but operates primarily in the UK rather than Ireland, serving as a regional rather than direct competitor.
• FCC Environment: FCC Environment is the environmental services division of the Spanish FCC Group, providing waste management, recycling, and industrial services across Europe including the UK. Comparable in waste treatment and recycling but primarily serves Continental European and Spanish markets.

Direct peers

• Enva: Enva is one of Ireland and the UK's largest specialist recycling and hazardous waste management companies, offering solvent recovery, industrial waste treatment, and recycling services. Directly comparable to Soltec in service portfolio, regulatory positioning, and customer base across Ireland and the UK.
• Thorntons Recycling: Thorntons Recycling is one of Ireland's largest recycling companies, offering hazardous and non-hazardous waste management, solvent recovery, and industrial cleaning products to similar enterprise customers. Directly competes with Soltec in the Irish market across overlapping service categories.
• Rilta Environmental: Rilta Environmental is an Irish EPA-licensed hazardous waste management company offering waste collection, treatment, solvent recovery, and recycling services. Directly comparable to Soltec as a domestic Irish player in the same regulated hazardous waste niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInie.linkedin.com/company/soltec-ireland-ltd
• Xx.com/soltecireland

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Soltec