SquareOne to produce ULSD from used oil in New Jersey facility
SquareOne Energy, LLC, a Philadelphia-based independent enterprise formed to address the critical issue of used oil disposal and processing in the U.S., will build its first facility at a products terminal in Paulsboro, New Jersey, U.S.A.
SquareOne will be the first facility in the United States to recycle waste oil oil into high quality on-road ultra-low sulfur diesel (ULSD). Associated products include low-sulfur naphtha and high viscosity Group III base oil.
Expected to be operational by the first half of 2024, the facility will feature the most advanced process in the re-refining industry and create a “holistically sustainable approach for re-energizing wasted oil.”
The production facility will convert a wide array of used oils and other waste hydrocarbon streams into clean transportation fuel products, primarily ultra-low sulfur diesel (ULSD). SquareOne’s ULSD, which will meet Colonial Pipeline specifications, will be available for immediate delivery into vehicles, transportation pipelines, and marine vessels.
SquareOne has secured used oil feedstock commitments for more than 60% of its plant inlet capacity, and expects to be fully contracted at the point of full operation.
Sunoco LP, a leading national fuel distribution company, has entered into a multi-year offtake agreement to purchase all of SquareOne’s ultra-low sulfur diesel and naphtha products.
To be located at an active refined products terminal owned by PBF Energy, the facility will have access to the existing infrastructure and multi-modal access on the side.
“We are very excited to confidently move forward on the development of our state-of-the-art recycling facility which will better serve the industry and provide a long overdue environmentally focused solution for processing used oil and other discarded energy. Our Philadelphia facility will be the first used oil recycling operation in the Northeastern U.S. as well as the most advanced and capable recycling asset in the country, processing a broad spectrum of feedstock streams for our local communities into clean fuel products much needed by the transportation industry,” said John Sadlowski, president and chief executive officer of SquareOne.
“We are fortunate to have partnered with strong organizations in PBF and Sunoco, who have enabled us to take critical steps towards full operation of our facility. SquareOne is committed to providing a highly sophisticated and practical solution to capture and transform waste oil into cleaner energy, while supporting our local communities through proper outlets for used oil disposal and creating new job opportunities. After years of support and dedication from our company’s management, operating team and capital partners, we are fully prepared to execute our plan to build our initial facility and are already pursuing additional opportunities in other regions where similar innovative solutions are needed.”