In the past, people had to pay for waste oil disposal in almost ever scenario. Today, times have changed and many people see a great value in that used / waste oil, so companies are now ‘getting paid’ for it. The reason we are still in business is because the ‘value’ of that used oil increases 3-4 times what you would be getting ‘paid’ when it’s burned in a Lanair heater.
Lets say you get paid 1 dollar per gallon for waste oil.
When burned inside a waste oil heater, that value goes up to whatever the value of regular ‘fuel-oil’ would be. The BTU ratio of burning “fuel-oil” compared to “waste-oil” is 1:1, so you are still getting the ‘full value’ of that oil when you burn it.
Lets look at that again, if you were to “pay” for 500 gallons of fuel-oil at 4 dollars per gallon, that would be roughly 2000 dollars. If you already generate 500 gallons of waste-oil, its ‘worth’ 2000 dollars to you if you burn it. However, if you choose to simply sell the used oil, it will only be worth 500 dollars, and you’ll still be paying for a heating solution on top of that.
The value of your waste oil is obvious. Keep in mind, if you only use say, 400 gallons of waste oil, there is nothing stopping you from continuing to sell that ‘additional’ 100 gallons of waste oil, the options to sell or burn are not entirely mutually exclusive.
Check out our “waste oil value” calculator to get an idea how quickly this can add up!