$100 Million oil recycling project at Port of Tampa

NexLube is investing $100 million to build a processing plant at the Port of Tampa to reclaim used oil. The plant goes into operation at the end of the year. This is the 12th such plant in the U.S., and the first for Florida. Over 1 billion gallons of used oil is collected each year in the U.S., with 146 million of that collected in Florida. The Tampa plant will process about 28 million gallons annually.The reclaim process produces motor oil, hydraulic oil, transmission fluid, and technical white oil used in food production. In the next decade, the U.S. will pass Europe as the world's largest producer of re-refined lubricants.