In the past, companies were forced to pay for waste oil disposal in almost every scenario. Today, times have changed and many people see a great value in waste oil and companies are now ‘getting paid’ for their used oil. The reason Lanair is still in business today is because the ‘value’ of used oil can increase 3-4 times when burned in a Lanair waste oil fired 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.
It’s also worth noting that the options to sell or burn are not entirely mutually exclusive. For example, if you produced 500 gallons of waste oil, but only burned 400 during the cold season, you could still opt to sell the remaining 100 gallons of waste oil.
Check out our “waste oil value” calculator to get an idea how quickly this can add up!