Associate Environment Minister Eugenie Sage.
About 2.5 million litres of oil is being recycled each year and delivered to businesses to reuse as fuel under the Recovering Oil Saves the Environment (ROSE NZ) scheme, Associate Environment Minister Eugenie Sage said.
She said it made sense to renew the scheme for another seven years as the volume of oil collected is growing.
"Fulton Hogan collected 250 percent more oil in 2017/18 than it did in 2011/12 - the scheme's first year of operation as an accredited scheme."
Fulton Hogan uses the recycled oil in its asphalt production plants around the country as an alternative fuel source to diesel, light fuel oil and gas.
It is one of the largest consumers of used oil under the ROSE scheme, along with Oji Fibre Solutions Ltd and Tegel NZ Ltd.
Other participants in the scheme include: Allied Lubricants, BP, Repco, Supercheap Auto, Lubricants NZ, Oil Intel.