EXPRESSION OF INTEREST (EOI): IMPLEMENTATION OF USED OIL MANAGEMENT AND RECYCLING PROGRAMME IN LESOTHO
PF/EOI/2025/2026-01
Background
The Petroleum Fund (referred to herein as the Fund) is a statutory organisation under the Ministry of Finance and Development Planning, established through Legal Notice No. 96 of 1997 under the Finance Order of 1988. Under the Fuel and Services Control (Delegation Notice) Number 32 of 2021, the organisation is further delegated the powers to set the price and time at which Petroleum Products may be adjusted. It is managed by the Board of Directors, while day-to-day activities are administered by the Secretariat, headed by the Chief Executive Officer. Its operations are guided by the Lesotho (Petroleum Fund) Regulations of 2021.
Guided by its 2025–2030 Strategic Plan, the Petroleum Fund actively implements initiatives that drive economic growth, foster job creation, and advance environmental sustainability.
In 2023, the Fund commissioned a Feasibility Study on the Management and Recycling of Used Oil in Lesotho, which estimated that over 1.1 million litres of used oil are generated annually across the country. The study identified significant environmental hazards associated with improper disposal and presented an investment case for a nationally coordinated used oil collection, recycling, and re-refining system based on Vacuum Distillation Technology. The proposed system demonstrated strong economic viability, with a Net Present Value (NPV) of LSL 42 million and an Internal Rate of Return (IRR) of 24.8% over a 25-year horizon.
Objective of the EOI
The Fund seeks Expressions of Interest from qualified and experienced organisations, companies, or consortia to implement the Used Oil Management and Recycling Programme recommended in the feasibility study. The objective is to establish an environmentally sound, financially sustainable, and circular system for used oil management in Lesotho.
Scope of Work
The selected partner(s) will be expected to:
a) Design and operationalise a national used oil collection and transportation network across all regions to ensure efficient and environmentally sound handling.
b) Establish a used oil re-refining facility, preferably employing Vacuum Distillation Technology.
c) Develop and implement an Extended Producer Responsibility (EPR) framework in collaboration with relevant ministries, industry stakeholders, and communities.
d) Support policy, regulatory, and institutional strengthening, including the domestication of Basel Convention principles.
Eligibility Criteria
Interested organisations must demonstrate:
a) Proven experience in hazardous waste management, petroleum recycling, or environmental infrastructure projects.
b) Technical expertise in used oil re-refining technologies.
c) Financial capacity to mobilise capital and sustain project operations.
d) Strong partnerships with local entities, government institutions, or international development partners.
e) Commitment to environmental, social, and governance (ESG) principles.
f) Proven track record of successful project management and execution.
Submission Requirements
Applicants must submit:
- Cover letter indicating interest and understanding of the assignment.
- Company profile with relevant experience and track record.
- Project concept outlining the approach and technology.
- Preliminary financial model or investment concept.
- Details of key experts and consortium partners (if applicable).
- Valid business registration and tax clearance certificates.
Submission Instructions
Proposals must be submitted in sealed packages clearly marked:
“PF/EOI/2025/2026-01 – USED OIL MANAGEMENT AND RECYCLING PROGRAMME IMPLEMENTATION”
Address:
Petroleum Fund of Lesotho
LCCI Building
Orpen Road, Old Europa
Maseru 100, Lesotho
Online submissions may be sent as password-protected PDF documents to [email protected].
Email subject: “PF/EOI/2025/2026-01 – USED OIL MANAGEMENT AND RECYCLING PROGRAMME IMPLEMENTATION”
Deadline for submission: Friday, 16th January 2026 at 12:00 hrs (Lesotho time).
Late submissions will not be considered.
Disclaimer
Only shortlisted applicants will be invited to participate in the subsequent Request for Proposals (RFP) stage.