The Tampa Port Authority and NexLube Tampa recently joined forces, signing a long-term lease to develop and construct an oil recycling facility at the Port of Tampa.
Marking a $75 million to $80 million investment, the new facility will have the capacity to process up to 24 million gallons of used oil per year at the Port and is said to be be the first of its kind in Florida. Ultimately, the recycled oil will be used to produce lubricants, diesel and asphalt while oil from automobile oil changes will be reprocessed for use.
“[This project has] been in the works for over two years,” says Andrew Fobes, director of public relations at the Port. “All of the legwork has been completed and NexLube
is ready to move ahead.”
The new facility will be located on 12 acres at Pendola Point in Tampa and is expected to create hundreds of jobs during a two-year construction phase. Once fully operational, the facility is expected to generate approximately $10 million in Hillsborough County
property tax revenues to the Port Authority
over the term of the 20-year lease agreement.
“We are extremely pleased to partner with NexLube Tampa on this amazing project. As a major petroleum port, Tampa is a logical center for significant oil recycling,” says Port Director and CEO Richard Wainio, who is retiring in September
. “We are eager to see NexLube's business succeed and thank the many partners who helped make this day possible.”
Upon completion of construction, a total of 75 full-time positions with average salaries and wages ranging between $60,000 and $65,000 is expected at the new facility.
Writer: Alexis Quinn Chamberlain
Source: Andrew Fobes & Richard Wainio, Tampa Port Authority