AER Energy Resources president Stanley Wilson said USA Recycling is a leading scrap metal service contractor and USA Recycling will now add the collection of the used motor oil from its thousands of national automotive centers.
"AER has long been a leader in sales of UMO to refineries and will now assist USA in that process," Wilson said.
Based on USA Recycling projections, the used motor oil collection revenue stream could generate as much as $100m in new sales to the company in next year and up to an estimated $5m in fee income for AER Energy.
AER Energy is engaged in oil and gas exploration, drilling, well completion and fuel distribution.
USA Recycling is a scrap metal recycler servicing commercial & industrial customers throughout North America.
