Waste cooking oil: an unexpected source of profit for criminal gangs

Used Oil Theft Rises as Market Value Soars

Used oil, previously considered a low-value waste product, has become a highly sought-after commodity on illicit markets across Europe. The market value of used oil has risen dramatically, reaching approximately $1,200 per ton (€1,017), significantly increasing its appeal to organized criminal groups. According to a report by the German business weekly WirtschaftsWoche (WiWo), substantial quantities of used cooking oil are annually lost from legitimate channels.

These thefts are becoming increasingly sophisticated and coordinated. Common targets include restaurants, fast-food chains, and highway rest stops – locations where large volumes of used oil are routinely collected. Operations typically occur at night, with thieves swiftly emptying containers and transporting the oil in vans.

The rise in value has fueled a surge in illegal activity, with millions of euros worth of used oil disappearing from the market each year. Authorities are increasingly concerned about the professional nature of these thefts and the potential for further disruption within the oil supply chain. The increased demand for used oil highlights the need for enhanced security measures and monitoring within the food service industry to prevent further losses and combat this growing criminal enterprise.

Topics: #oil #market #waste