Century Refineries Pvt. has sold its land and unfinished rerefinery in Bay City, Texas, and agreed to acquire an 8 million gallon terminal near Annapolis, Md., where it will build a facility instead.
The Karnataka, India-based rerefiner had been building a $1.7 million rerefinery near Bay City and had planned to start rerefining around 8 million gallons per year of used oil for vacuum gas oil production by January 2014, along with base oils in the future.
Centurys plans have since changed, co-owner K.S. Bharadwaj told Lube Report, although he declined to disclose any additional information at this time.
The company has a rerefinery in Bengaluru, India, where it recycles and rerefines used hydraulic oils using a high vacuum, thin film technology and a wiped film evaporator process to produce API Group I base oils.
Bharadwaj said its Annapolis facility will be served by a barge. The deal to acquire the site has not yet closed, and financial terms have not been disclosed.