Gladstone refinery keen to expand oil recycling
QUEENSLAND companies still burn up to half their waste lube oil despite a Gladstone business offering to recycle the oil with zero emissions.
Northern Oil Refinery managing director Tim Rose oversees the Yarwun refinery that opened last year.
It has a capacity of 100 million litres per year and deals with "all the waste oil generated in Queensland".
But, he says, the business is operating at just 50% capacity.
Through the federal government's product stewardship oil regulations, there's 3-5c/l available when waste oil is burnt.
That's compared to 50c/l when it is refined, and 99% of that is being returned to lube oil.
"Let them burn it if the only other option is tipping it down the sink, but there is an option," Mr Rose said.
The company says the low price of oil has impacted its bottom dollar but it would continue to "plough ahead".