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Company pitches 2,000-bbl/day used-oil recycling plant, asks county to consider industrial revenue bond
Summary
American Energy US and Janus Enterprises proposed a 2,000‑barrel‑a‑day used motor oil recycling facility in Pueblo and asked the county to consider issuing an industrial revenue bond to support construction and operations.
Owners of Janus Enterprises and representatives of American Energy US presented a proposal at the July 17 Pueblo County BOCC work session for a 2,000‑barrel‑per‑day used motor oil recycling facility in Pueblo and asked the county to consider issuing an industrial revenue bond (IRB) to support the project.
Asia Wells and Robert Esser of Janus Enterprises and Robert Thoreau, CEO of American Energy US, outlined the project and presented a four‑minute video describing the plant’s technology and claimed benefits, including a presold offtake market, long‑term supply contracts and community economic gains. Paul Canton, introduced as a 40‑year company founder and IRB expert, explained the legal and financing structure for an industrial revenue bond under Colorado law.
Why it matters: The presenters said the plant would…
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