By means of Agreement No. 33/2023 dated November 3, 2023, the Council of Ministers for Sustainability and Climate Change approved the proposed Supreme Decree that establishes collection and recovery goals and other obligations associated with the priority product lubricating oils (the “Decree“) prepared by the Ministry of the Environment (the “MMA“).
According to the Decree, lubricating oils are those “mineral or synthetic oils that fulfill a lubrication function, whether they are combustion engine oils, gearbox oils, turbine oils, hydraulic oils, or others, which, fulfilling different functions, have a chemical composition similar to these oils“. The Decree also establishes…
