The foundation of Vertex Energy, Inc. (NASDAQ: VTNR) was laid by the employment of a 16-year-old Alabama teenager, with the result being that a multi-faceted environmental services company was eventually built upon the endeavors of that teenager. Roughly 30 years ago, Benjamin Cowart, now the CEO and chairman of Vertex, began work at his brother’s used oil collection business in Alabama. After 15 years of working, learning, and helping to build a successful business, he ventured out on his own and formed Vertex in 2001. Vertex Energy now collects and recycles used motor oil and other petroleum by-products, off-specification commercial chemicals, and multiple other industrial waste streams.
Vertex purchases used oil, industrial waste, and chemical products from a developed network of local and regional suppliers, known as street collection, and focuses resources on recycling a portion of its collected used motor oil and other petroleum products. Vertex also sells used petroleum products as feedstock to other…
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