NAICS Code 423930-29 - Waste-Grease (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423930-29
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Looking for more companies? See NAICS 423930 - Recyclable Material Merchant Wholesalers - 6,774 companies, 18,316 emails.

NAICS Code 423930-29 Description (8-Digit)

Waste-Grease (Wholesale) is a subdivision of the Recyclable Material Merchant Wholesalers industry that involves the buying and selling of used cooking oil and grease. This industry is responsible for collecting waste grease from restaurants, food processing plants, and other food-related businesses and then processing it into biodiesel or other products. Waste-Grease (Wholesale) companies play a crucial role in the recycling process by providing a sustainable solution for the disposal of used cooking oil and grease.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423930 page

Tools

Tools commonly used in the Waste-Grease (Wholesale) industry for day-to-day tasks and operations.

  • Grease collection trucks
  • Grease storage tanks
  • Grease pumps
  • Grease filters
  • Grease processing equipment
  • Biodiesel production equipment
  • Laboratory equipment for testing grease quality
  • Safety equipment for handling grease
  • GPS tracking systems for trucks
  • Accounting software for managing inventory and sales

Industry Examples of Waste-Grease (Wholesale)

Common products and services typical of NAICS Code 423930-29, illustrating the main business activities and contributions to the market.

  • Used cooking oil
  • Waste vegetable oil
  • Yellow grease
  • Brown grease
  • Animal fat
  • Grease trap waste
  • Fryer oil
  • Grill grease
  • Bacon grease
  • Butter and margarine waste

History

A concise historical narrative of NAICS Code 423930-29 covering global milestones and recent developments within the United States.

  • The "Waste-Grease (Wholesale)" industry has a long history dating back to the early 1900s when the first rendering plants were established in the United States. These plants were used to process animal by-products, including waste grease, into useful products such as soap, fertilizer, and animal feed. During World War II, the demand for glycerin, a by-product of the rendering process, increased significantly, leading to the expansion of the industry. In the 1960s and 1970s, the industry faced challenges due to environmental concerns and regulations. However, the industry adapted and continued to grow, with the development of new technologies and processes for the collection, processing, and distribution of waste grease. In recent years, the industry has seen a surge in demand for waste grease as a feedstock for the production of biodiesel, leading to increased competition and consolidation in the market. In the United States, the "Waste-Grease (Wholesale)" industry has experienced significant growth in recent years, driven by the increasing demand for biodiesel and other renewable fuels. According to the National Renderers Association, the industry processed over 8 billion pounds of animal fats and used cooking oil in 2019, with a value of over $2 billion. The industry has also faced challenges, including the impact of the COVID-19 pandemic on the restaurant industry, which has reduced the supply of used cooking oil. However, the industry has adapted by expanding into new markets, such as the production of renewable diesel, and investing in new technologies to improve efficiency and reduce costs. Overall, the "Waste-Grease (Wholesale)" industry is poised for continued growth in the coming years, driven by the increasing demand for renewable fuels and the development of new technologies and processes.