As Oil Prices Soar, Restaurant Grease Thefts Rise - NYTimes.com: "By SUSAN SAUL, NYTimes, May 30, 2008

The bandit pulled his truck to the back of a Burger King in Northern California one afternoon last month armed with a hose and a tank. After rummaging around assorted restaurant rubbish, he dunked a tube into a smelly storage bin and, the police said, vacuumed out about 300 gallons of grease.

Nick Damianidis, an owner of Olympia Pizza and Pasta in Arlington, Wash., has had oil stolen.

The man was caught before he could slip away. In his truck, the police found 2,500 gallons of used fryer grease, indicating that the Burger King had not been his first fast-food craving of the day.

Outside Seattle, cooking oil rustling has become such a problem that the owners of the Olympia Pizza and Pasta Restaurant in Arlington, Wash., are considering using a surveillance camera to keep watch on its 50-gallon grease barrel. Nick Damianidis, an owner, said the barrel had been hit seven or eight times since last summer by siphoners who strike in the night.

“Fryer grease has become gold,” Mr. Damianidis said. “And just over a year ago, I had to pay someone to take it away.”


Much to the surprise of Mr. Damianidis and many other people, processed fryer oil, which is called yellow grease, is actually not trash. The grease is traded on the booming commodities market. Its value has increased in recent months to historic highs, driven by the even higher prices of gas and ethanol, making it an ever more popular form of biodiesel to fuel cars and trucks.

In 2000, yellow grease was trading for 7.6 cents per pound. On Thursday, its price was about 33 cents a pound, or almost $2.50 a gallon. (That would make the 2,500-gallon haul in the Burger King case worth more than $6,000.)

Biodiesel is derived by processing vegetable oil or animal fat with alcohol. It is increasingly available around the country, but it is expensive. With the right kind of conversion kit (easily found on the Internet) anyone can turn discarded cooking oil into a usable engine fuel that can burn on its own, or as a cheap additive to regular diesel.

“The last time kids broke in here they went for the alcohol,” said Mr. Damianidis, who fries chicken wings and cheese sticks. “Obviously they’re stealing oil because it’s worth something.”


“Once you put something in the trash, it’s abandoned property,” said Jon A. Jaworski, a lawyer in Houston who represents accused grease thieves. “A lot of times, it’s not theft.”


Healy Biodiesel, a company in Sedgwick, Kan., says it offers a top-quality fuel made from local cooking oils.

Ben Healy, the owner, has contracts to collect the raw grease from several franchises around town.

“One particular night not too long ago, 9 out of 15 were stolen,” he said of the grease bins. “That’s a majority of the oil and it was a big kick in the stomach.” "

The competition is fierce now that the price of diesel is skyrocketing daily.

Wow! Who'd've thought?

René

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