Greenbottle Limited

The Group’s core activities include the collection, sale and re-refining of waste lubricating oil, supported by a range of other related resource management services. Greenbottle is the non-trading holding company, owning 100% of Slicker Recycling Limited (“Slicker”) and its subsidiaries (J Van Limited, Avista Oil Services (UK) Limited, Regroup (UK) Limited, Regroup (Reclaim) Limited, Regroup (Refuel) Limited, Waste Recycling Services Limited and Regroup (Renewables) Limited); Greenbottle Re-Refining (UK) Limited (“GBRR”) and its subsidiaries (see below); together with a 49% interest in AVISTA Green ApS, a base oil re-refinery business in Denmark. The Group disposed of GBRR and its subsidiaries on 30 August 2024. GBRR is a holding company and majority owner of Hydrodec Inc, a US based transformer oil re-refiner and scrap metals business. The US businesses face a challenging operating environment and require ongoing, significant investment. The Greenbottle Board decided that the current investment in Hydrodec was unrecoverable and that for the directors to be able to fully focus on UK and European operations the US subsidiary should be sold. This will allow Greenbottle's Directors and Management to deliver on the exciting opportunities available to Slicker and AVISTA Green.