Removing old waterproofing

I have a Kathmandu hiking tent, about 8 years old. It's only been used a couple of times, but when checking it today for an expedition, I noticed all the waterproofing substance is flaking off. 
So, any idea about the best way to remove it, and whether something like Scotchguard will waterproof it again? I tried a test area with straight eucalyptus oil, and that removed it OK, but would be slow and costly to remove it all.

So, any idea about the best way to remove it, and whether something like Scotchguard will waterproof it again? I tried a test area with straight eucalyptus oil, and that removed it OK, but would be slow and costly to remove it all.