VTNR
- Vertex Energy, Inc.
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Overview
Company Summary
Vertex Energy, Inc. is a company that operates in the energy sector, specifically in the field of environmental services. With a focus on sustainable practices, Vertex Energy specializes in the collection, processing, and sale of used motor oil and other petroleum by-products.
The company primarily acquires used motor oil from various sources, including automotive service centers, industrial complexes, and other oil generators. Instead of disposing of this waste oil, Vertex Energy processes it through a proprietary technology known as Thermal Chemical Extraction Process (TCEP). This advanced technology allows for the purification of used motor oil, removing contaminants and converting it into higher value Group II+ base oils.
Vertex Energy's processed base oils have improved performance characteristics compared to traditional base oils, making them suitable for a wide range of applications in lubricants and other specialty products. These base oils are sold to customers such as lubricant blenders, engine oil manufacturers, and chemical companies.
Besides base oils, Vertex Energy also produces and markets various other petroleum by-products. These include fuel oils, which are used for industrial burners and marine fuel applications, as well as feedstocks and distillate products used in various industries.
In addition to its core business of oil collection and processing, Vertex Energy also offers other environmental services. These include managing the proper disposal of non-hazardous and hazardous waste, like oil filters, antifreeze, and oily water.
The company operates through a network of facilities strategically located throughout the United States, allowing efficient collection and processing of waste oil and other petroleum by-products. Through its environmentally conscious approach, Vertex Energy helps businesses reduce their carbon footprint, enhance sustainability practices, and contribute to a circular economy by giving used motor oil a new life instead of it being discarded as waste.