Puraglobe completed engineering plans and is building a rerefinery in Tampa, Florida, that will produce API Group III base oils and that is scheduled to commission by the fourth quarter of 2024, the company announced.
Plans for the project date back 10 years, initially formed under prior site owner NexLube Tampa, which is no longer involved with the rerefinery.
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In 2016, Puraglobe agreed to partner with NexLube to complete the project after construction was suspended since late 2013 because of sharp escalation in costs. After that, officials said this week, the plans evolved further.