On Wednesday, June 6, the Tampa Port Authority and Nexlube will officially sign a leasing deal that will bring approximately 24 million gallons in used oil recycling to the Port of Tampa each year.

In a state that generates around 120 million gallons in used oil per year, Nexlube will work to eliminate this used and environmentally detrimental waste by utilizing spent oil in new automotive and industrial products like lubricants, diesel fuel, and asphalt.

Nexlube's used oil recycling plant will be the first of its kind in the state of Florida.  Since the closest processing plants of its kind are in Texas and North Carolina, Nexlube's Port of Tampa location will provide an essential, convenient service to those in the state that need oil recyling.

The new plant will take up approximately 12 acres on Pendola Point right next to the Port of Tampa. It will provide railway and waterway access that will foster the transportation of used oil from sources both within and outside of Florida.

The Port of Tampa is a mutually beneficial location because it serves as the shipping port for about 40 percent of fuel oil on the west coast of Florida.

All major permits required to initiate the construction of the Nexlube plant have been obtained and basic construction engineering drawings have been completed.  There's no word yet on when construction will begin, or end, but officials believe it will be a relatively fast-paced project.

We'll keep you updated as more news arises.