NexLube Tampa LLC, which was created by a Boca Raton-based parent NexLube in February, is seeking a lease at the Port of Tampa to construct a $75 million used oil reprocessing and blending plant that would begin operations in 2012.
NexLube re-refines used automobile oil for use as motor oil.
The Tampa plant would import used oil and export reprocessed oil.
Port officials had no immediate figures on the number of employees NexLube would hire in Tampa. Company officials were not available for comment.
The company would pay the port $324,000 annual rent for the 12-acre site.
Terms would be for six months beginning July 1 with two options for three-month extensions each.
The lease is scheduled to be considered at Tuesday's Tampa Port Authority meeting.
Also on the agenda is consideration of termination of a 2007 lease between the port and Trinity Materials, an aggregate company that has paid monthly rent at an annual rate of $399,000 through May 31, but has not paid the port $2.5 million in 2008 and 2009 for contractual payments involving shipments of cement and aggregate.
Trinity has proposed paying $350,000 to waive the lease while the port would waive the $2.5 million shortfall the company attributes to poor building market conditions.
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