Jo-Agas International Inc.

What Jo-Agas International Inc. does

AGAS International is the flagship company of the Bahrain-based AGAS Group of Companies and a three-decade operator in the regional oil and gas sector, with operating presence in Bahrain, the Kingdom of Saudi Arabia, and the Sultanate of Oman. Its core operating businesses span (i) Used Lube Oil Re-refining at a 30,000 MTPA state-of-the-art plant operated by subsidiary AGAS Lubes WLL, producing re-refined base oil grades SN25, SN150, SN300, SN300 Superior, and SN500; (ii) Fuel Oil production at a 300,000 MTPA facility located on leased land inside the BAPCO Bahrain refinery; (iii) a privately owned jetty and oil terminal at North Sitra, Bahrain with approximately 50,000 MT of storage and the ability to handle vessels up to 175 meters LOA or 20,000 MT cargoes — described as one of the largest private oil terminals in the GCC; and (iv) licensed oil trading activities for imports and exports. An environmental services vertical delivers hydrocarbon oil recovery, soil remediation, and waste-to-fuel projects to enterprise oil and gas clients.

Underpinning the operating businesses is a portfolio of proprietary environmental and refining technologies developed through multi-year R&D. These include Catalytic Depolymerization for converting waste hydrocarbons, plastics, and rubber/tyres into diesel and naphtha range fuels with zero disposable waste; a solvent-based soil remediation technology built over 7 years of R&D capable of treating soils with TPH above 25% and carbon chains beyond C65+; wiped thin film evaporation for used lube oil re-refining; and a custom heavy hydrocarbon evacuation system used to remove approximately 750,000 MT of weathered heavy oil from a 550,000 square metre BAPCO site. AGAS makes money through physical product sales of base oils, fuel oil, high flash diesel, bitumen pitch, and light oils; project-based professional services fees for hydrocarbon recovery and soil remediation; managed infrastructure fees from jetty and terminal operations; margins on licensed oil trading; and returns from a diversified PE/VC portfolio across Oil & Gas E&P and IT & Telecommunication sectors in USA, Europe, Far East, Africa, and India.

Name

Jo-Agas International Inc.

Legal name

AGAS International WLL

Website

https://agasintl.com

Company type

Private

Founded year

1989

Operating status

Operating

Short description

AGAS International, the flagship of Bahrain-based AGAS Group, is a three-decade industrial petroleum and environmental services company operating Used Lube Oil Re-refining, Fuel Oil production, private jetty and terminal operations, and proprietary hydrocarbon recovery and soil remediation technologies for oil and gas majors across Bahrain, Saudi Arabia, and Oman.

Ownership category

akta.pro rank

Product category

Petroleum Refining and Environmental Services

NAICS

Petroleum Refineries (324110), Petroleum Refineries (32411), Petroleum and Coal Products Manufacturing (3241)

SIC

Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Used Oil, Lubricants & Industrial Fluids Recovery/Recycling (IMAIAFAM)

akta.pro secondary industries

Used Oil & Oily Waste Management (Collection, Re-refining, Disposal) (BPALAFAI), Conversion Refineries (FCC/Hydrocracking/Coking) (EUALAGAB)

Keywords

• Used lube oil re-refining
• Hydrocarbon oil recovery
• Soil remediation services
• Waste to fuel technology
• Petroleum product manufacturing

Headquarters

HQ city

Manama

HQ country

Bahrain

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Used Lube Oil Re-refining: AGAS operates a 30,000 MT per annum Used Lube Oil Re-refining plant producing high quality base oils. The plant collects and imports used lube oil from GCC for re-refining, producing grades such as SN25, SN150, SN300, SN500, Fuel Oil, High Flash Diesel, and Bitumen Pitch.
2. Fuel Oil Production: AGAS International WLL owns and operates a 300,000 MTPA capacity Fuel Oil production plant within Bahrain Refinery (BAPCO) leased land. The plant aids hydrocarbon evacuation from contaminated sites.
3. Oil Terminalling and Jetty Operations: AGAS operates a private jetty and oil terminal at North Sitra, Bahrain for handling imports and exports. The terminal has about 50,000 MT storage capacity and can handle vessels up to 175 meters LOA or 20,000 MT cargos. One of the largest private oil terminals in GCC.
4. Environmental Services: Services including hydrocarbon oil recovery, soil remediation, and waste to fuel technology conversion. AGAS recovers hydrocarbons from contaminated sites and converts waste into valuable fuel products.
5. Oil Trading: AGAS holds licenses for oil imports and exports, engaging in oil trading activities in the GCC region.
6. Private Equity and Venture Capital Investments: AGAS has ventured into Private Equity and Venture Capital investments, holding equity in Oil and Gas Exploration and Production and IT & Telecommunication sectors in USA, Europe, Far East, Africa and India.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

AGAS International manufactures and supplies re-refined base oils, fuel oil, high flash diesel, bitumen pitch, light oils, and petroleum cutter stock from its 30,000 MTPA re-refining plant and 300,000 MTPA fuel oil production facility in Bahrain. It also provides environmental remediation services including hydrocarbon oil recovery, solvent-based soil remediation, and waste-to-fuel conversion using proprietary technologies developed in-house over 7+ years of R&D. The company operates a private jetty and oil terminal for import/export and trading activities.

Product overview

Jo-Agas International Inc. (AGAS) is an industrial environmental services company offering a portfolio of petroleum products and proprietary environmental remediation technologies. The product portfolio includes re-refined base oils in multiple viscosity grades (SN25, SN150, SN300, SN300 Superior, SN500), fuel oils, high flash diesel, bitumen pitch, and light oils produced through their Used Lube Oil Re-refining facility. Core technology services include: Hydrocarbon Oil Recovery (large-scale waste evacuation and fuel production), Soil Remediation Technology (proprietary solvent-based extraction), and Waste to Fuel Technology using Catalytic Depolymerization (converting plastics and rubber to fuels). The company operates a 30,000 MTPA re-refining plant and 300,000 MTPA fuel oil production facility in Bahrain, with additional presence in Saudi Arabia and Oman.

Differentiator

Problem solved

Functional benefit

Products and services

• Re-Refined Base Oils (SN25, SN150, SN300, SN300 Superior, SN500) Re-refined base oils in five viscosity grades produced from used lubricating oils through wiped thin film evaporation technology under high vacuum. Used by lubricant manufacturers and industrial blenders.
• Fuel Oil / Furnace Oil (180 cSt) Heavy fuel oil produced from hydrocarbon recovery and waste processing operations, used in industrial furnaces and marine bunkering.
• High Flash Diesel (HFD) Diesel fuel with a high flash point suitable for industrial applications and specialty fuel uses.
• Bitumen Pitch Various grades of bitumen pitch derived from petroleum processing, used in construction and industrial applications.
• Light Oils Light petroleum fractions produced during hydrocarbon processing, suitable for blending and specialty applications.
• Petroleum Cutter Stock Petroleum product suitable for blending applications, used to adjust viscosity and properties of fuel oils.
• Hydrocarbon Oil Recovery Services Large-scale recovery and evacuation of weathered heavy hydrocarbon waste from contaminated sites, converting waste into usable fuel products. Delivered directly to client sites such as oil refineries.
• Soil Remediation Technology Services Proprietary solvent-based extraction technology for remediating hydrocarbon-contaminated soil while recovering oil for reuse. Successfully treats soil with TPH levels above 25% and carbon chains extending beyond C65+, even with contamination age above 70 years.
• Waste to Fuel Technology Services (Catalytic Depolymerization) Proprietary catalytic cracking technology that converts waste hydrocarbons, oil sludge, plastics, and rubber/tyres into valuable fuels including diesel range fuel, naphtha range light fuel, carbon residue, and hydrocarbon gases. Generates zero disposable waste.
• Used Lube Oil Re-refining Service Re-refining service processing used lubricating oils from GCC collection networks into high-quality base oils using wiped thin film evaporator technology under high vacuum, with consistent product quality.
• Oil Terminalling and Jetty Operations Oil terminalling and jetty services at North Sitra, Bahrain with approximately 50,000 MT storage capacity, handling vessels up to 175 meters LOA or 20,000 MT cargoes for import and export operations.

Quantifiable outcome

• Successfully treated soil with TPH levels above 25% with heavy carbon chains up to C-66 levels
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Clean Harbors: Clean Harbors is a leading North American environmental and industrial services company providing hazardous waste management, used oil re-refining, and field services — directly comparable to AGAS's environmental services and hydrocarbon oil recovery operations.
• Neste Oyj: Neste is a global refining and renewable fuels major that produces re-refined base oils and converts waste streams into fuels, broadly comparable to AGAS's combined re-refining and Catalytic Depolymerization waste-to-fuel platform, though at vastly larger scale.
• Vopak: Vopak is one of the world's largest independent tank storage and terminal operators, broadly comparable to AGAS's private jetty and 50,000 MT terminal at North Sitra, providing bulk petroleum storage and handling services to oil and gas customers.
• Veolia Environnement: Veolia is a global environmental services leader providing waste management, soil remediation, and circular economy solutions, broadly comparable to AGAS's soil remediation and hydrocarbon recovery services for oil-contaminated sites.
• VTTI: VTTI is a global independent provider of tank storage and terminal infrastructure for petroleum products, directly comparable in business model to AGAS's oil terminalling and jetty operations, though with a global footprint rather than regional GCC focus.

Emerging players

• PureCycle Technologies: PureCycle Technologies converts waste plastics into fuels and feedstocks using proprietary purification technology, partially comparable to AGAS's Catalytic Depolymerization waste-to-fuel platform that converts plastics and rubber into diesel range fuels.

Direct peers

• Heritage-Crystal Clean: Heritage-Crystal Clean operates used oil re-refining and environmental services for industrial customers in North America, directly comparable to AGAS's re-refining of used lubes into base oils and provision of environmental services to oil and gas clients.
• Safety-Kleen Systems (Clean Harbors): Safety-Kleen (now part of Clean Harbors) is the largest North American used oil re-refining and environmental services company, directly comparable to AGAS's used lube oil re-refining and waste-to-fuel operations, serving industrial customers with similar hydrocarbon recovery and recycling services.
• Gulf Oil International: Gulf Oil International is a global lubricants and re-refined base oils company serving industrial markets, directly comparable to AGAS's SN25, SN150, SN300, and SN500 re-refined base oil production for lubricant applications.

Regional players

• ENOC (Emirates National Oil Company): ENOC is a leading regional integrated oil and gas company in the UAE with refinery, terminal, and trading operations, comparable to AGAS's regional petroleum refining, terminal, and oil trading activities in the GCC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/agas

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 Jo-Agas International Inc.