LLC (SIA) Oil Recovery, a subsidiary of Eco Baltia – the largest environmental resource management group in the Baltics – has won a public procurement tender announced by the Freeport of Riga Authority. The contract covers the provision of ship-generated waste and polluted water reception and disposal services at the Freeport of Riga. The contract comes into force on July 1, 2025.
“At Eco Baltia Group, we see this contract as an important step toward promoting the sustainable development of Latvian ports. “Oil Recovery” expertise and modern approach to pollution control will make a significant contribution at the national level — both in improving environmental quality and ensuring compliance with international standards. This is a strong example of how business and environmentally responsible solutions can go hand in hand,” emphasizes Jānis Aizbalts, Head of the Environmental Sector at Eco Baltia Group.
According to the tender terms, the total contract value is EUR 4,451,778.00, with a duration of three years. Under this agreement, Oil Recovery will provide collection and disposal services for the following waste types: oil-contaminated ship waste, wastewater, waste and passively fished marine litter, and air pollutants, including ozone-depleting substances.
“The results of this tender confirm our expertise in a highly specific and strictly regulated industry, where quality, safety, and compliance with international standards are of critical importance. We are ready to deliver top-tier services, backed by more than two decades of experience and advanced technological capabilities that enable us to effectively respond to the environmental protection needs of the port daily,” says Nauris Bertmanis, Chief Executive Officer of Oil Recovery.
Oil Recovery plans to continue its development and ensure even higher service quality and sustainability by investing over EUR 1 million in the coming years. These investments will focus on service improvements, including infrastructure development, vessel upgrades, and the acquisition of modern equipment. This will further enhance the quality of services provided to the Port of Riga.
About Oil Recovery (formerly Eko Osta)
Oil Recovery (formerly Eko Osta) specializes in the management and processing of hazardous and environmentally harmful waste. The company was originally established in 1999 as Eko Osta. Following its acquisition and restructuring by Eco Baltia Group’s subsidiary in 2024, it continues operations as Oil Recovery since December last year. Today, the company employs over 60 people, and in the 11 months of 2024, its audited turnover reached EUR 4.7 million.
About Eco Baltia
“Eco Baltia” is the largest environmental resource management and recycling group in the Baltics, ensuring a full waste management cycle - from waste collection and sorting to secondary raw material logistics, wholesale, and the recycling of secondary materials, including PET and PE/PP plastics, as well as PET fiber production.
The Eco Baltic group ended 2024 with its largest ever audited consolidated turnover of 261.54 million euros, an increase of 20% compared to 2023.
The group’s companies in Latvia, Lithuania, Poland and Czech Republic have more than 2,600 employees. The largest of the companies the group owns are Eco Baltia vide, Latvijas Zaļais punkts, Nordic Plast, Oil Recovery, and ITERUM in Latvia, Metal-Plast in Poland, TESIL Fibres in Czech Republic, and Ecoservice in Lithuania.
The shareholders of Eco Baltia are the INVL Baltic Sea Growth Fund (52.81%), the European Bank for the Reconstruction and Development (30.51%) and Māris Simanovičs (15.93% through SIA Enrial Holdings and 0.75% through Penvi Investment Ltd).