Voyager Petroleum has signed an agreement to created a controlling-interest in a joint venture operation with an international trading firm for the purpose of exporting used motor oil and other related recyclable lubricants.
Through Voyager’s subsidiary, Sovereign Oil, the joint venture operation was formed with Earth Metal Scrap USA to operate export administrative offices from the New York Metropolitan Area and export trading facilities in India and Dubai.
Under the arrangement, Voyager will provide an on-going supply stream of Used Motor Oil and related recyclable lubricants.
Earth Metal Scrap USA will provide licensing authority, to export used motor oil and related recyclable lubricants, from every major shipping port in the US.
The joint venture operation is expected to initially export tens-of-millions-of-gallons of used motor oil and related recyclable lubricants on an annual basis.