Recycled Motor Oil Could Help Alleviate Foreign Oil Dependency and Help the Environment
March 23 2012 - 8:00AM
Marketwired
According to the American Petroleum Institute (API), more than 600
million gallons of motor oil is purchased each year. Joseph
Franceschi, an engineer at Universal Lubricants believes the proven
technology "reduces imported oil," with less energy expended than
refining a product from "virgin" crude oil. Current estimates are
that it takes 42 gallons of crude oil, but only 1 gallon of used
oil, to produce 2.5 quarts of new, high-quality lubricating oil.
It is estimated that one gallon of used motor oil improperly
disposed of may contaminate 1 million gallons of fresh water --
enough to supply 50 people with drinking water for one year. One
pint of used motor oil improperly disposed of can create a one-acre
slick on the surface of a body of water and kill floating aquatic
organisms.
More companies are focusing on using motor oil for
reconditioning and repurposing. Valvoline (ASH), has launched
NextGen, a "green" motor oil made with 50% recycled oil, AER Energy
(PINKSHEETS: AERN) brokers used motor oil from over 4,000
automotive service centers for recycling, and Universal Lubricants
has a recently built a 12 million gallon re-refinery in Kansas to
transform discarded oil into a viable, cleaner product.
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