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Recycled Motor Oil Could Help Alleviate Foreign Oil Dependency and Help the Environment


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March 23, 2012 08:00 ET

Recycled Motor Oil Could Help Alleviate Foreign Oil Dependency and Help the Environment

Note to Editors: The Following News Coverage Is Issued by Century Market Research

NEW YORK, NY--(Marketwire - Mar 23, 2012) - 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.

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid Century Market Research twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.



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