Setel Introduces Programme That Lets You Sell Your Used Cooking Oil
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Setel has partnered with BioLestari Energy to roll out a new pilot programme that allows users to earn extra cash by selling their used cooking oil, while instilling environmental awareness at the same time. Currently running only in selected areas – namely Kajang, Semenyih, Bangi, and Serdang – the initiative is expected to be expanded to more areas soon.

According to Setel, interested users can participate in the programme via its website or app by clicking on the “Recycle used cooking oil” tile, then “Request Collection”. From there, you’ll be required to fill in an online form, after which a licensed collector will contact you within four working days to arrange a place and time to collect your used cooking oil.

As for payment, Setel said that your earnings will be calculated based on the weight of the used cooking oil that was collected, to be paid in cash by the licensed collector. The collector will also inform you of the latest market rate, although it may differ slightly depending on the collector. It was also highlighted in the FAQ that BioLestari will accept any kind of used cooking oils – from vegetable oil to canola oil, to olive oil – but the rates paid are standardised for all used cooking oils based on current market trends.

Additionally, you’re advised to sieve and filter the used cooking oil before storing it in suitable containers for collection, such as the original plastic bottle used to package the cooking oil. When the licensed collector comes by, the oil will then be deposited into his or her tank, and the container will be returned to you. If this is your first collection request, you’ll also be given a free jerrycan container to store your used cooking oil for future collections.

Setel further explained that after collection, your used cooking oil will be processed to separate out impurities (such as water content and food leftovers) so that it can be transformed into environmentally friendly biofuel. Ultimately, the whole programme will help to reduce our carbon footprint as well as reduce waste in our environment.

In conjunction with the launch of this programme, Setel is currently running a campaign that offers an additional RM10 Setel credit to the first 200 users who sell their used cooking oil via Setel (minimum 5kg of used cooking oil). This is on top of the payment that will be paid to you by the licensed collector. Already ongoing, this campaign is set to end on 31 March 2023.

(Source: Setel)

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