The profit potential could be pushed even higher this summer when a new set of motor-oil standards go into effect. The standards, developed by motor-oil producers and the auto industry, are periodically raised. Motor oil used in new vehicles must meet new industry standards in July. Many refiners will need to spend millions to upgrade their facilities so they can produce the base used to blend individual premium oils. And it is unclear whether all refiners will opt to do so, industry officials said.
Company refines process for recycling motor oil.